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Unit information: Applied Microeconomics in 2021/22

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

Students must have studied either EFIM20011 or EFIM20010



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, Healthcare and Environmental taxation.

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

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

2 x 2,500 word multiple-part assignment, asking students to display technical and applied knowledge (50% each). Assesses all learning outcomes.


If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM20002).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.