Module ASB-2307:
Microeconomics
Microeconomics 2024-25
ASB-2307
2024-25
Bangor Business School
Module - Semester 1
20 credits
Module Organiser:
Edward Jones
Overview
The content includes Demand and supply microfoundations, Rational choice, Individual and market demand, the cost of production and profit maximisation, Market structures, Game Theory, Public Goods and Externalities.
Assessment Strategy
-threshold -D- to D+ (40-49%): No major omissions or inaccuracies in the deployment of information/skills. Some grasp of theoretical/conceptual/practical elements. Integration of theory/practice/information present intermittently in pursuit of the assessed work's objectives. -good -B- to B+ (60-69%): Very good performance Most of the relevant information accurately deployed. Good grasp of theoretical/conceptual/practical elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Evidence of the use of creative and reflective skills. -excellent -A- to A+ (70%+): Outstanding performance. The relevant information accurately deployed. Excellent grasp of theoretical/conceptual/practice elements. Good integration of theory/practice/information in pursuit of the assessed work's objectives. Strong evidence of the use of creative and reflective skills. -another level-C- to C+ (50-59%): Much of the relevant information and skills mostly accurately deployed. Adequate grasp of theoretical/conceptual/practical elements. Fair integration of theory/practice/information in the pursuit of the assessed work's objectives. Some evidence of the use of creative and reflective skills.
Learning Outcomes
- Appraise the role of the government and regulation in markets.
- Demonstrate a thorough understanding of demand and supply microeconomic foundations.
- Develop "economic reasoning" skill
- Evaluate the model of rational choice model.
Assessment method
Exam (Centrally Scheduled)
Assessment type
Summative
Description
On-line Test #5 10 Multiple-Choice Questions (MCQs), administrated through Blackboard, to assess the students understanding of the material covered in the module. The MCQs for this test will focus on the material covered between test 4 and up to when the test is made available to the students. Special consideration will be given to evaluating the model of rational choice
Weighting
6%
Due date
14/12/2022
Assessment method
Exam (Centrally Scheduled)
Assessment type
Summative
Description
On-line Test #4 10 Multiple-Choice Questions (MCQs), administrated through Blackboard, to assess the students understanding of the material covered in the module. The MCQs for this test will focus on the material covered between test 3 and up to when the test is made available to the students. Special consideration will be given to the interaction between supply and demand across different market structures.
Weighting
6%
Due date
30/11/2022
Assessment method
Exam (Centrally Scheduled)
Assessment type
Summative
Description
On-line Test #3 10 Multiple-Choice Questions (MCQs), administrated through Blackboard, to assess the students understanding of the materia covered in the module. The MCQs for this test will focus on the material covered between test 2 and up to when the test is made available to the students. Special consideration will be given to the interaction between supply and demand across different market structures.
Weighting
6%
Due date
16/11/2022
Assessment method
Exam (Centrally Scheduled)
Assessment type
Summative
Description
Final Examination S1 The final examination for the module will assess students understanding of all material covered in the module. The exam will be structured so as to include a mixture of Multiple-Choice Questions(MCQs), essay time questions, and questions requiring numerical analysis.
Weighting
70%
Assessment method
Exam (Centrally Scheduled)
Assessment type
Summative
Description
On-line Test #2 10 Multiple-Choice Questions (MCQs), administrated through Blackboard, to assess the students understanding of the material covered in the module. The MCQs for this test will focus on the material covered between test 1 and up to when the test is made available to the students. Special consideration will be given to the role of government and regulation in markets.
Weighting
6%
Due date
26/10/2022
Assessment method
Exam (Centrally Scheduled)
Assessment type
Summative
Description
On-line Test #1 10 Multiple-Choice Questions (MCQs), administrated through Blackboard, to assess the students understanding of the material covered in the module. The MCQs for this test will focus on the material covered between the beginning of the module and up to when the test is made available to the students. Special focus will be on assessing students' economic reasoning skills
Weighting
6%
Due date
12/10/2022