The learning strategy for the module requires students to commit 150 learning hours (including assessment) of this there will be 36 hours of class support and 114 hours of independent and self directed study (24 hours of formal lectures/large group activities, 12 hours of tutorials). Learning support materials will be provided for the module.

Students are expected to work in small groups to prepare answers to problems and exercises provided in the weekly handout and present their answers to the class in the weekly seminars. These problems and exercises will not only strengthen students understanding of the topics covered in lectures but will also extend their knowledge of the subject by application of the theory to policy issues, and allow formative feedback.

The Library
The internet

This module extends students' understanding of key concepts in the analysis of consumer and producer behaviour under different market conditions. Particular attention will paid to the role of choice and information in economic decision making. The module will particularly focus on the role of market structure as a key factor determining the equilibrium level of output and price. Economic efficiency, including the coverage of externalities and public goods, will be also studied.

Throughout the module, the emphasis will be on the application of theory to practical problems and policy issues.

Group work including problems and exercises which would be handed in and a short presentation given to the class,
40% (Tests Learning Outcomes 1-3);

1 hour Class test at the end of the learning block, 60% (Tests All Learning Outcomes)

Perloff J M (2004), Microeconomics, 3rd ed., N.Y.: Pearson Addison Wesley

Have studied People, Prices and Profits (BLB00002-1) or equivalent.