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EC113-Introductory Microeconomics
Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Level:4
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites: GCSE Maths grade B
Co-requisites:
Modules excluded: EC103 Economics for Construction and Engineering and IC103 Introductory Economics for Business and Finance and AP1EE1 Economics 2 and AP1EE3 Economics 1
Current from: 2019/0
Email: m.dellagiusta@reading.ac.uk
Type of module:
Summary module description:
To introduce students to the basic principles of microeconomics.
Aims:
To introduce students to the economic analysis of decision-making, how markets work, and how consumers and firms make their decisions. To enable students to progress to the study of intermediate level microeconomics.
Assessable learning outcomes:
At the end of the module students should be able to explain and demonstrate a critical understanding of the above principles. They should be able to apply these principles to various practical and policy issues.
Additional outcomes:
Students will be required to complete coursework such as problem sets. In the process of completing these types of assignments, students will learn skills required to understand relevant research and apply theoretical knowledge to real world situations.
Outline content:
Making rational decisions; demand and supply; the market mechanism; elasticity; theory of consumer behaviour; firm behaviour: production and costs; perfect competition; profit maximisation and cognitive limitations.
Brief description of teaching and learning methods:
The lectures will cover all the basic course material. Classes will cover material based on lecture topics and will provide time for students to ask questions about the lecture material.
听 | Autumn | Spring | Summer |
Lectures | 30 | 1 | |
Tutorials | 9 | ||
Guided independent study: | 121 | 39 | |
听 | 听 | 听 | 听 |
Total hours by term | 160 | 40 | |
听 | 听 | 听 | 听 |
Total hours for module | 200 |
Method | Percentage |
Written assignment including essay | 50 |
Class test administered by School | 50 |
Summative assessment- Examinations:
Summative assessment- Coursework and in-class tests:
One on-line test worth 20% of the final module mark.
One end of term in-class test worth 30% of the final module mark.
One written assignment worth 50% of the final module mark.听
Formative assessment methods:
Coursework will be set for most of the weekly classes, at which attendance is compulsory.
Penalties for late submission:
The Module Convener will apply the following penalties for work submitted late:
The University policy statement on penalties for late submission can be found at:
You are strongly advised to ensure that coursework is submitted by the relevant deadline. You should note that it is advisable to submit work in an unfinished state rather than to fail to submit any work.
Assessment requirements for a pass:
A minimum mark of 40%.
Reassessment arrangements:
Re-examination for Part 1 modules takes place in August/September of the same year. Re-assessment will be on the basis of one further written assignment. This will not be a re-submission of an earlier assignment.
Additional Costs (specified where applicable):
1) Required text books:
2) Specialist equipment or materials:
3) Specialist clothing, footwear or headgear:
4) Printing and binding: There may be optional costs associated with photocopying or printing sources listed on the reading list relating to this module. Please note that the Library charges approximately 5p per photocopy.
5) Computers and devices with a particular specification:
6) Travel, accommodation and subsistence:
Last updated: 8 April 2019
THE INFORMATION CONTAINED IN THIS MODULE DESCRIPTION DOES NOT FORM ANY PART OF A STUDENT'S CONTRACT.