Introduction to Economics

This module involves:

  • Demand and supply
  • Elasticity
  • Cost analysis
  • Influence of market structure
  • Perfect and imperfect competition
  • Economic analysis of monopoly and oligopoly

Learning Outcomes

On completion of this linked module the student will be able to: have a clear grasp of the principles involved in microeconomic theory; apply these principles to current and topical industrial economic problems. 

Assessment

2 hr examination 75%, class test 12.5%, essay 12.5%