Module manager: Michael Reynolds
Email: M.M.Reynolds@Leeds.ac.uk
Taught: Semester 2 (Jan to Jun) View Timetable
Year running 2018/19
LUBS1950 AND (at least one of) LUBS1280 OR LUBS1525 OR MATH1050
This module is not approved as a discovery module
The aim of this module is to give students a grounding in microeconomic theory and application. Special attention will be paid to giving students the skills they need to function as practising economists able to contribute to debates such as: - Do social security payments reduce the incentive to work? - What are the implications of Morrison's take-over of Safeway? Further information about the Business School is available on the website: <a href= " http://lubswww.leeds.ac.uk/undergraduate/index.php?id=64"target=_blank">Business School</a>
On completion of this module, students will:
- have an intermediate level knowledge of partial equilibrium analysis in microeconomics;
- be able to use more advanced techniques in the application of economic models to the study of microeconomic problems.
The module will adopt a partial equilibrium approach, covering consumer optimisation over time and under uncertainty, producer optimisation, production and cost functions and the theory of the firm - competition, monopoly, oligopoly, imperfect competition.
| Delivery type | Number | Length hours | Student hours |
|---|---|---|---|
| Office Hour Discussions | 10 | 1 | 10 |
| Revision Class | 3 | 1 | 3 |
| Lecture | 20 | 1 | 20 |
| Seminar | 5 | 1 | 5 |
| Private study hours | 62 | ||
| Total Contact hours | 38 | ||
| Total hours (100hr per 10 credits) | 100 | ||
- Formative assessment will be given through feedback in classes as you go through the exercises. Students should have attempted the exercises before the relevant class.
- In addition, students will be given the opportunity to write a practice essay (which will not count towards the grade for the module) and/or to undertake a sample examination paper.
| Exam type | Exam duration | % of formal assessment |
|---|---|---|
| Standard exam (closed essays, MCQs etc) | 2.0 Hrs 0 Mins | 100 |
| Total percentage (Assessment Exams) | 100 | |
The resit for this module will be 100% by 2 hour examination.
The reading list is available from the Library website
Last updated: 12/12/2018
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