This unit takes a non-technical approach suitable for those who do not intend to continue further with the subject. It deals with the working of a market system, with the case for free markets and the causes of market failure, and with international trade, with an emphasis on examples and policy. Teaching Methods 22 lectures supported by 11 small group class meetings.
Students work through exercises and write two essays.
At the end of the course students should have a grasp of basic microeconomic concepts and methods of analysis and should be able to apply them to a variety of problems, showing an ability to select the appropriate methods to apply to a particular problem and a recognition of their limitations. Award of Credit Points Criteria for the award of credit points are described in the Economics Department Undergraduate Handbook. Transferable Skills Problem solving, written presentation.