CARDIFF UNIVERSITY 
BS1551: Microeconomics 
Final Examination Guide and Notes 2024 
 
Part 01: Revision Notes 
Part 02: Sample Final Examination Paper 
Part 03: Suggested Solutions to Final Exam Paper 
Part 04: Final Examination - Hints and Tips 
 
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BS1551: Microeconomics (Solutions) - at Cardiff University

£35.00

ACADEMIC YEAR 2024 - 2025

University	Cardiff University
Module Code	BS1551
Number of Credits	20
Module Name	Microeconomics
Notes Title	Final Examination Guide and Notes
Page Length	121

Reinforce and practise skills learned with step-by-step support from our best tutors in BS1551: Microeconomics - at Cardiff University to help you achieve your maximum potential. This is a complete revision guide covering everything that is examinable for the module. Within this document, you will find a comprehensive evaluation of all the examinable topics. Every learning outcome that can be tested is explored in depth, and diagrams are provided to aid retention. This guide is extremely helpful for revising all topics and preparing for the final examination. Please note that students have the option to request a paperback version at the checkout page.

Cardiff University's BS1551: Microeconomics module introduces students to the core principles of economic analysis, focusing on how individuals and firms respond to incentives and how markets function. It begins with foundational concepts such as scarcity, cost/benefit analysis, supply and demand, and market interventions like taxes and subsidies. The module then explores consumer behaviour, covering topics like budget constraints, preferences, elasticity, and the effects of policies on welfare, as well as behavioural aspects like altruism and game theory. On the production side, it examines why firms exist, their cost and profit decisions, and the efficiency of perfectly competitive markets. Finally, the module critiques market efficiency by analysing cases of failure, including monopolies, externalities, and public goods, providing a rationale for government intervention. Throughout, emphasis is placed on theoretical understanding and the application of mathematics in microeconomics.

MODULE CODE	MODULE NAME
BS1501	Applied Stats and Maths in Econ and Business
BS1503	Introduction to Accounting
BS1512	Foundations of Business Accounting
BS1547	Introduction to Economics
BS1551	Microeconomics
BS1611	Fundamentals of Financial Reporting
BS1612	Fundamentals of Finance
BS1630	Principles of Marketing and Strategy
BS1652	Macroeconomics
BS2507	Management Accounting
BS2508	Corporate Financial Management
BS2514	Financial Markets and Institutions
BS2516	Corporate Reporting
BS2549	Macroeconomic Theory
BS2550	Microeconomic Theory
BS2551	Money Banking and Finance
BS2570	Introductory Econometrics
BS3515	Financial Derivatives
BS3551	Econometrics
BS3615	Security Analysis and Portfolio Management

BS1551: Microeconomics (Solutions) - at Cardiff University

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