Module Identifier | EC36420 | ||
Module Title | CONSUMERS, FIRMS AND MARKETS | ||
Academic Year | 2002/2003 | ||
Co-ordinator | Mr Dennis A Thomas | ||
Semester | Semester 2 (Taught over 2 semesters) | ||
Pre-Requisite | EC10510 or, EC10120 | ||
Mutually Exclusive | EC30230 | ||
Course delivery | Lecture | 30 Hours | |
Seminars / Tutorials | 10 Hours | ||
Assessment | Semester Exam | 2 Hours Examination is at the end of Semester 2 only | 70% |
Semester Assessment | two class tests | 30% | |
Supplementary Exam | 100% |
· the application of conventional indifference-curve analysis of consumer choice.
· an alternative, characteristics, approach to consumer behaviour.
· the basic neo-classical theory of the firm.
· the nature, derivation and representation of production costs.
· the meaning and implications of competitive product markets.
· monopoly and dominant firm behaviour and associated costs and benefits.
· collusive behaviour between oligopolistic firms.
· the employment of basic game theory to treat strategic firm behaviour.
· product differentiation and its implications for competitive behaviour.
· the basic theory of factor input markets.