Last modified: 25 Sep 2019 09:58
The course will cover the main elements of Microeconomic Theory. Consumer theory will be examined by discussing how consumers choose under the constraint of a budget to generate demands. This theory will then be extended to include choice under uncertainty and intertemporal choice. Some basic elements of competitive markets will also be presented. Producer theory will be examined to understand how firms decide the quantity to be produced under the constraint of a technology. Other relevant topics, such as public goods, externalities, and auctions, will be covered.
Study Type | Postgraduate | Level | 5 |
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Term | First Term | Credit Points | 15 credits (7.5 ECTS credits) |
Campus | Aberdeen | Sustained Study | No |
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Information on contact teaching time is available from the course guide.
Assessment Type | Summative | Weighting | 40 | |
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Assessment Type | Summative | Weighting | 60 | |
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There are no assessments for this course.
Assessment Type | Summative | Weighting | 100 | |
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Assessment Weeks | Feedback Weeks | |||
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Knowledge Level | Thinking Skill | Outcome |
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Knowledge Level | Thinking Skill | Outcome |
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