| CODE | ECN2161 | ||||||||
| TITLE | Applied Microeconomics | ||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | ||||||||
| MQF LEVEL | 5 | ||||||||
| ECTS CREDITS | 4 | ||||||||
| DEPARTMENT | Economics | ||||||||
| DESCRIPTION | The study-unit aims to enable students to apply the theory and concepts covered in ECN2217 to study real world issues. The topics covered include: 1. Supply and demand I (US Sugar Program) 2. Supply and demand II (housing market and immigration) 3. Utility and choice (labour supply decisions) 4. Competitive and monopsonistic markets (minimum wage) 5. Market power and firm behaviour (competition policy) 6. Oligopoly (mergers) 7. Monopolistic competition (real estate prices) 8. Auctions (tax competition) Study-unit Aims: It aims to show students how individuals, businesses and public sector employees can use the analytical tools of microeconomics to analyse real world issues such as the imposition of a minimum wage or horizontal mergers. Learning Outcomes: 1. Knowledge & Understanding By the end of the study-unit the student will be able to: • Understand how the supply and demand framework can be applied to study real world issues; • Understand how the utility and choice framework can inform policy makers about the impact of policy on individuals’ decisions; • Understand how knowledge of different types of market structures can be utilised to gain insights about the functioning of markets. 2. Skills By the end of the study-unit the student will be able to: • Enable students to apply microeconomics tools; and • Improve students' critical analysis skills. Textbook: • Hall, R.E. and Lieberman, M. (2012) Microeconomics: Principles and Applications, 6th Edition, South-Western Cengage Learning. • Varian, H.R. (2014). Intermediate Microeconomics: A modern approach, 9th Edition, WW Norton & Co. USA. Additional reading material will be provided throughout the course. |
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| RULES/CONDITIONS | Before TAKING THIS UNIT YOU MUST TAKE ECN2217 | ||||||||
| STUDY-UNIT TYPE | Lecture | ||||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Daniel Gravino |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2023/4. It may be subject to change in subsequent years. |
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