Ability to understand and make appropriate use of core microeconomic concepts such as revenue and cost, opportunity cost, elasticities, marginal and average values

Course unit details: Microeconomics 1

Unit code ECON10221
Credit rating 10
Unit level Level 1
Teaching period(s) Semester 1
Offered by  
Available as a free choice unit? Yes

Overview

The aims of this course are to:

  • provide a self-contained introduction to microeconomics;
  • introduce a range of microeconomic concepts and analytical tools

Intended Learning Outcomes

  • ability to understand and make appropriate use of core microeconomic concepts such as revenue and cost, opportunity cost, elasticities, marginal and average values
  • understanding of the role and limits of markets
  • understanding of the relationship between modern “neoclassical” economics and “classical” schools of economic thought
  • ability to analyse the behaviour of firms

Pre/co-requisites

None, this unit assumes no Economics training

Aims

 The aims of this course are to:

  • provide a self-contained introduction to microeconomics;
  • introduce a range of microeconomic concepts and analytical tools

Learning outcomes

Intended Learning Outcomes

  • ability to understand and make appropriate use of core microeconomic concepts such as revenue and cost, opportunity cost, elasticities, marginal and average values
  • understanding of the role and limits of markets
  • understanding of the relationship between modern “neoclassical” economics and “classical” schools of economic thought
  • ability to analyse the behaviour of firms
100% Plagiarism Free & Custom Written, Tailored to your instructions