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Microeconomics 2 (L1031)

15 credits, Level 5

Autumn teaching

On this module, you'll build on the economic principles learned in your first year. You'll study alternative market structures, such as oligopoly and monopolistic competition, and compare them with perfect competition and monopoly.

You'll also explore decision-making under uncertainty and across multiple time periods, moving beyond some of the restrictive assumptions made in the first year module.

The knowledge gained will be applied to topics such as:

• investment in human capital (e.g. education)
• saving and investment decisions
• insurance
• criminal deterrence.