Code 02720
Level of study First Year
Credit value 10
Semester 2
Pre-requisite modules None
Other pre-requisites None
The aim of the module is to provide a thorough grounding in microeconomics. Topics include demand and supply, elasticity, intervention in the market, marginal utility theory, production and cost analysis, market structure; perfect competition, analysis of monopoly and oligopoly, Pareto optimality, government intervention in cases of market failure.