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Microeconomics 2 (L1031)

15 credits, Level 5

Autumn teaching

On this module, you'll build on the economic principles learned in your first year. You'll study alternative market structures, such as oligopoly and monopolistic competition, and compare them with perfect competition and monopoly.

You'll also explore decision-making under uncertainty and across multiple time periods, moving beyond some of the restrictive assumptions made in the first year module.

The knowledge gained will be applied to topics such as:

• investment in human capital (e.g. education)
• saving and investment decisions
• insurance
• criminal deterrence.

Contact hours and workload

This module is approximately 150 hours of work. This breaks down into about 33 hours of contact time and about 117 hours of independent study. The University may make minor variations to the contact hours for operational reasons, including timetabling requirements.

We regularly review our modules to incorporate student feedback, staff expertise, as well as the latest research and teaching methodology. We’re planning to run these modules in the academic year 2024/25. However, there may be changes to these modules in response to feedback, staff availability, student demand or updates to our curriculum.

We’ll make sure to let you know of any material changes to modules at the earliest opportunity.