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PP5002 Microeconomics for Policy Analysis

Academic year

2026 to 2027 Semester 1

Further information on which modules are specific to your programme.

Key module information

SCOTCAT credits

15

The Scottish Credit Accumulation and Transfer (SCOTCAT) system allows credits gained in Scotland to be transferred between institutions. The number of credits associated with a module gives an indication of the amount of learning effort required by the learner. European Credit Transfer System (ECTS) credits are half the value of SCOTCAT credits.

SCQF level

SCQF level 11

The Scottish Credit and Qualifications Framework (SCQF) provides an indication of the complexity of award qualifications and associated learning and operates on an ascending numeric scale from Levels 1-12 with SCQF Level 10 equating to a Scottish undergraduate Honours degree.

Availability restrictions

Limited to students studying the Master of Public Policy.

Planned timetable

Wed 10am - 12 noon

This information is given as indicative. Timetable may change at short notice depending on room availability.

Module coordinator

Prof D A Jaeger

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module Staff

Prof David Jaeger; Dr Margherita Negri

This information is given as indicative. Staff involved in a module may change at short notice depending on availability and circumstances.

Module description

This module will introduce students to the basics of microeconomics with an emphasis on policy applications. The emphasis will be on case studies that illustrate the key theoretical points. Students may examine price determination, economic efficiency, equity, uncertainty, public and private institutions, distributional and allocative difficulties, public goods, externalities, and information asymmetries and game theory. The basics of political economy may also be discussed.

Relationship to other modules

Pre-requisites

BEFORE TAKING THIS MODULE YOU MUST TAKE PP5000

Assessment pattern

Coursework= 70% Exam = 30%

Re-assessment

Coursework= 100%

Learning and teaching methods and delivery

Weekly contact

2 hour lecture (x 10 weeks)

Intended learning outcomes

  • Understand how to apply basic microeconomic theory to questions of policy significance and understand its limitations.
  • Be able to use microeconomic theory to frame and inform empirical research.
  • Understand how individual preferences and strategic considerations shape behavior.
  • Understand market failures and the way public policy is used to address those failures.
  • Gain facility with and understand the mathematics used in microeconomic theory.