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Microeconomics 1 (L1053)

15 credits, Level 4

Spring teaching

On this module, you’ll dive into consumer and producer theory, covering topics like:

• consumer surplus
• labour supply
• production and costs of the firm
• alternative market structures
• factor markets.

You’ll explore how these concepts apply to public policy, using real-world examples to highlight the practical value of the theory.

Contact hours and workload

This module is approximately 150 hours of work. This breaks down into about 27 hours of contact time and about 123 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.