Teaching Responsibility

LJMU Schools involved in Delivery:

LJMU Partner Taught

Learning Methods

Lecture
Seminar
Tutorial

Module Offerings

3501FETQR-JAN-PAR

Aims

To gain an introduction to the concepts of micro-economics. Students will develop an understanding of economic principles and basic terminology, goods type, demand and supply, elasticity, market failure and contemporary issues in economics.

Module Content

Outline Syllabus:
The economic problem - Types of goods - Allocation of resources in competitive markets - Elasticity - Price controls - Types of markets - Cost and revenue - Economies of scale, specialisation, integration and efficiency - Market failure

Assessments

Presentation
Exam