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Unit information: Applied Microeconomics in 2016/17

Please note: you are viewing unit and programme information for a past academic year. Please see the current academic year for up to date information.

Unit name Applied Microeconomics
Unit code EFIM20002
Credit points 20
Level of study I/5
Teaching block(s) Teaching Block 2 (weeks 13 - 24)
Unit director Professor. Smith
Open unit status Not open




School/department School of Economics
Faculty Faculty of Social Sciences and Law

Description including Unit Aims

The main aim of the course is to show how micro-economic principles can be used to understand real-world issues. The course covers a range of topics: recent examples have included Minimum wages, Targeted benefits, Congestion charging, Employer-provided training, Competition policy.

The main focus of this course will be on how the theory can be applied in practice - looking both at theoretical insights into the issues and at relevant empirical evidence.

Intended Learning Outcomes

By the end of the course the students will be able to:

  • Select and apply the relevant micro-theoretical tools to real-world problems
  • Discuss the main insights from a theoretical analysis, together with the relevant evidence

Teaching Information

20 lectures and 8 classes

This pattern of teaching may be changed slightly to accommodate the Easter Vacation.

Assessment Information

Summative assessment:

Two-hour exam (70%)

1500 word essay (30%)

Formative assessment: The students will answer a number of exam-style questions during the term and receive feedback. They will also receive feedback in relation to preparing for the essay.

The assessments are designed to test all of the learning outcomes listed above.

Reading and References

The course will be topic-based and, as such, will not have a single text book. Instead, students will be given one key reading (journal article, policy report) per topic, together with two or three supplementary papers.