Module Identifier EC30220  
Module Title INTERMEDIATE MICROECONOMICS; CONSUMERS AND PRODUCERS  
Academic Year 2005/2006  
Co-ordinator Professor Peter R Midmore  
Semester Semester 2 (Taught over 2 semesters)  
Pre-Requisite EC10120 , EC10910 , EC10320  
Mutually Exclusive EC36420  
Course delivery Lecture    
  Seminars / Tutorials    
Assessment
Assessment TypeAssessment Length/DetailsProportion
Semester Exam2 Hours (sat in semester 2)  80%
Semester Assessment 2 pieces of coursework20%
Supplementary Exam2 Hours  100%

Learning outcomes

On successful completion of this module students should be able to:




Aims

The module aims to build upon foundations of elementary microeconomic theory established in modules EC10120 and EC10320 to deepen and extend knowledge of concepts and techniques of neoclassical microeconomics. His will involve application of the theory of rational choice applied to individuals and firms under conditions of certainty.

Brief description

This module teaches essential concepts in microeconomic theory, and comprises discussions of consumer behaviour, the theory of the firm, and welfare economics.

Content

Utility maximization, consumer choice and the demand function
The economics of information and uncertainty
Cognitive theory and consumer behaviour
Costs and the demand for inputs
Profit maximization and market power
Price discrimination
Government and regulation

Transferable skills

Independent work on assessed coursework requiring basic research skills;
General economic and financi8al analysis of contemporary issues
Use of internet resources to assess relevant pages (such as that of the Competition Commission)

Module Skills

Reading Lists

Books
R A Devlin, N T Gallini and B C Eaton (2000) Problem solving in microeconomics. A study guide for Microeocnomics by Eaton, Eaton & Allen 4th edition. Ontario; London: Prentice Hall
B C Eaton, D F Eaton and D W Allen (1999) Microeconomics Ontario; London: Prentice Hall
M L Katz and H S Rosen (1998) Microeconomics Boston, MA: McGraw-Hill
R H Frank (2003) Microeconomics and Behavior Boston; London: McGraw-Hill Irwin
R E Kuenne (ed) (2000) Readings in applied microeconomic theory: market forces and solutions Malden, MA; Oxford: Blackwell Pub.

Notes

This module is at CQFW Level 6