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

Assessments

Exam
Essay