Microeconomics

This module provides learners with an introduction to the nature and scope of Microeconomics. It will cover the principles of Microeconomics with an emphasis on applying those principles to real-life situations.

This is an ab initio module - no formal previous study of Microeconomics, or of Economics generally, is assumed.

1. Evince an understanding of the fundamental principles of Microeconomics;

2. Apply the fundamental principles of Microeconomics to real-world scenarios, including questions of resource allocation;

3. Interpret the behaviour of economic agents such as consumers and producers using the fundamental principles of Microeconomics;

4. Perform basic calculations for the purposes of explaining and predicting the behaviour of economic agents;

5. Contribute effectively at an appropriate level to debate on Microeconomic issues affecting the business environment.