Registry
Module Specifications
Archived Version 2017 - 2018
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Description The purpose of this module is to equip students with the tools they need to examine issues in microeconomics. In this module, students will develop knowledge and skills in standard microeconomic analysis, building on the basic knowledge gained in their introductory economics course. Students will also develop problem-solving skills and reinforce their understanding of microeconomic concepts. A student who successfully completes this module should be able to confidently undertake further study in applied Microeconomics fields (e.g. labour, health, urban, or transport economics). | |||||||||||||||||||||||||||||||||||||
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Learning Outcomes 1. Use standard microeconomic tools to explain and predict behaviour of individual consumers and firms. 2. Apply microeconomic theory to explain market structures and the behaviour of firms within specific industry types. 3. Translate economic ideas into equations and numerical examples and calculate quantitative answers to economic problems. | |||||||||||||||||||||||||||||||||||||
All module information is indicative and subject to change. For further information,students are advised to refer to the University's Marks and Standards and Programme Specific Regulations at: http://www.dcu.ie/registry/examinations/index.shtml |
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Indicative Content and
Learning Activities Theory of the consumerThis will introduce the standard tools used to analyse consumer behaviour: utility and indifference curves, budget constraint, constrained utility maximisation, individual demand, market demand. Within this framework students will examine applied issues eg. comparing use of subsidies or cash transfers to increase consumers' welfare, individuals as suppliers of labourTheory of the producerTechnology and production, profit maximisation, cost minimisationMarket structuresBasics of market forms (Perfect competition and single-priced monopolies) will be reviewed. Students will focus on more advanced theories; examining how, and under what conditions, firms practice price discrimination and using game theory to analyse the behaviour of firms in oligopoly. | |||||||||||||||||||||||||||||||||||||
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Indicative Reading List
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Other Resources None | |||||||||||||||||||||||||||||||||||||
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