Teaching Responsibility
LJMU Schools involved in Delivery:
Liverpool Business School
Learning Methods
Lecture
Seminar
Tutorial
Module Offerings
3701ORYXHR-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
- 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
Exam
Essay