University of Galway

Course Module Information

Course Modules

Semester 1 | Credits: 5

The objective of this course is to introduce the basic concepts and principles of microeconomic theory. Microeconomics is the study of how households and firms make decisions and how they interact in specific markets. In this course students will learn how demand and supply interact to determine market prices and how government intervention can affect market outcomes. Students will also learn how firms make production decisions and will become familiar with different types of market structures, such as monopoly and perfect competition.
(Language of instruction: English)

Learning Outcomes
  1. Understand economics as a social science and explain how economists apply scientific methods
  2. Demonstrate an understanding of the core principles of microeconomics
  3. Illustrate and explain the core concepts of supply and demand and explain how a market economy operates
  4. Explain and illustrate how firms make production decisions and differentiate between different types of market structures
  5. Use the key concepts in microeconomics to explain market outcomes and solve microeconomics problems
Assessments
  • Written Assessment (70%)
  • Continuous Assessment (30%)
Teachers
Reading List
  1. "Economics" by Mankiw, G.N. and M.P. Taylor
    Publisher: Cengage Learning
The above information outlines module EC139: "Principles of Microeconomics" and is valid from 2019 onwards.
Note: Module offerings and details may be subject to change.