UNIVERSITY OF WARWICK 
EC238 - Economics 2: Microeconomics 
Final Examination Guide and Notes 2024 
 
Part 01: About This Guide 
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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(EC238) Economics 2: Microeconomics - University of Warwick

£35.00

ACADEMIC YEAR 2024 - 2025

University	University of Warwick
Study Level	Undergraduate
Module Code	EC238
Credit Value	15
Module Name	Economics 2: Microeconomics
Notes Title	Final Examination Guide and Notes
Page Length	30

This guide helps you understand how the EC238 - Economics 2: Microeconomics final examination at the University of Warwick (2024) will be assessed and structured, along with the likely style and range of questions. This self-study set has been thoroughly updated to cover all topics included in the latest edition of the exam. You don’t need to be an expert in the course; a basic understanding and the ability to quickly recall the information you learn are sufficient. These notes can serve as a reference to help you better understand the module and improve your performance in the final exam.

This module, EC238 - Economics 2: Microeconomics aims to deepen your understanding of microeconomic concepts introduced in first-year studies while introducing advanced topics in intermediate analysis. Key areas include consumer theory, focusing on indifference analysis, tastes and preferences, and the welfare effects of price changes; choice under uncertainty, covering risk, expected utility, asymmetric information, and solutions to issues like moral hazard and adverse selection; and general equilibrium and welfare economics. The module also addresses market failures, such as externalities and public goods, alongside potential solutions. Further topics include game theory, exploring Nash equilibrium, subgame-perfect equilibrium, and repeated games, as well as models of oligopoly and monopoly in the context of competition and firm behaviour. Through these, you develop analytical skills - descriptive, graphical, and mathematical, and the ability to apply microeconomic principles to real-world problems and policy issues.

MODULE CODE	MODULE NAME
EC106	Introduction to Economics
EC108	Macroeconomics 1
EC122	Statistical Techniques A
EC124	Statistical Techniques B
EC203	Applied Econometrics
EC226	Econometrics 1
EC238	Economics 2: Microeconomics
EC239	Economics 2: Macroeconomics
EC306	Econometrics 2
IB114	Financial Management
IB132	Foundations of Finance
IB133	Foundations of Accounting
IB146	Accounting for Business
IB148	Principles of Marketing
IB232	Issues in Management Accounting
IB234	Financial Reporting 2
IB235	Finance 1: Financial Markets
IB236	Finance 2: Corporate Finance
IB253	Principles of Finance 1
IB254	Principles of Finance 2
IB359	Derivatives and Risk Management
IB3J8	Banks and Financial Systems

(EC238) Economics 2: Microeconomics - University of Warwick

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