CARDIFF UNIVERSITY 
BS1551 - Microeconomics 
Final Examination Guide and Notes 2024 
 
Part A: Revision Notes 
Part B: Sample Final Examination Paper 
Part C: Suggested Solutions to Final Exam Paper 
Part D: Final Examination - Hints and Tips 
 
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BS1551: Microeconomics (Solutions) - Cardiff University

£35.00

ACADEMIC YEAR 2023 - 2024

University	Cardiff University
Study Level	Undergraduate
Module Code	BS1551
Module Name	Microeconomics
Notes Title	Final Examination Guide and Notes
Format	PDF
Page Length	119

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 this module. Within this document, you will find a comprehensive evaluation of the examinable topics for the course. 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.

This module, BS1551: Microeconomics - introduces students to the concepts underpinning all economic analysis - those of microeconomics. Microeconomics studies how individuals respond to incentives. Starting from this point, the module builds an explanation for why society might choose to organise itself into competitive markets, before evaluating whether alternative approaches could yield better outcomes. This provides a rationale for certain forms of government intervention. Whilst the emphasis is on developing a conceptual understanding of economic behaviour, the module also introduces the application of mathematics to microeconomics.

On completion of the module, you will be able to:

describe the issues with which microeconomics is concerned;
discuss the tools employed by microeconomists and their uses;
analyse a range of social phenomena using the tools of microeconomics;
explain the results of an economic analysis by combining intuitive argument, graphical representation and mathematics;
propose appropriate government intervention in response to well-defined economic problems;
and, evaluate the validity of an economic analysis by questioning its underlying assumptions.

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) - Cardiff University

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