ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | PRINCIPLES OF MICROECONOMICS | ||
Code | ECON121 | ||
Coordinator |
Dr A Marchesiani Economics A.Marchesiani@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2024-25 | Level 4 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
24 |
6 |
30 | ||||
Timetable (if known) | |||||||
Private Study | 120 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 1: Mid-term test Assessment Type: Written Exam Duration: 45 minutes Weighting: 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL penalty applies An | 45 | 20 | ||||
Assessment 2: Written Unseen Examination (Online) Assessment Type: Written Exam Duration: 2 hours Weighting: 80% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL pen | 2 | 80 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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This module aims to provide students with a clear foundation of the purpose, scope and topics of microeconomic analysis. Students will develop their ability to think critically and analytically, and understand how to frame real world problems in an economic model. This module forms the starting point for all future courses in Microeconomics. |
Learning Outcomes |
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(LO1) Students will have the ability to understand, explain, analyse and solve core problems in microeconomics. |
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(LO2) Students will be able to practice and develop their mathematical techniques and understand the role of mathematical analysis in microeconomics. |
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(LO3) Students will be able to familiarise themselves with the principles of using an 'economic model' and how to model individual decision-making for both consumers and producers. |
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(LO4) Students will be able to apply their understanding of economic decision-making, optimisation and equilibrium to real world situations. |
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(S1) Problem solving skills |
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(S2) Numeracy |
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(S3) Communication skills |
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(S4) IT skills |
Teaching and Learning Strategies |
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Teaching Method: Lecture Teaching Method: Seminar This module is a pre-requisite for the following modules: Skills/Other Attributes Mapping Skills / attributes: IT skills Skills / attributes: Communication skills Skills / attributes: Numeracy Skills / attributes: Problem solving skills |
Syllabus |
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Part 1: Introduction: Part 2: Consumer Theory: Part 3: Producer Theory: |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |