UNIVERSITY OF KENT 
ECON5002: Microeconomics I 
Comprehensive Study and Exam Preparation Guide 2025 
 
Part 01: About This Guide 
Part 02: Sample Final Examination Paper 
Part 03: Detailed Solutions and Explanations 
Part 04: Proven Exam Strategies and Tips 
 
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University of Kent - Microeconomics I (ECON5002)

£35.00

ACADEMIC YEAR 2024 - 2025

University	University of Kent
Module Code	ECON5002
Credit Level	5
Module Name	Microeconomics I
Notes Title	Comprehensive Study and Exam Prep. Guide
Format	PDF
Page Length	30

This comprehensive guide helps you understand how the final exam for ECON5002: Microeconomics I at the University of Kent in 2025 will be assessed and structured, along with the likely style and range of questions that may be asked. This self-study set has been updated to cover all the topics contained in the latest edition of the exam. You do not need to be an expert in the module, you just need a basic understanding and be able to quickly recall the information that you learn. You can use these notes as a reference, to understand the topics better and improve your grades in the final examination.

This module, ECON5002: Microeconomics I explores how individuals make decisions in various economic settings and how these decisions impact society as a whole. It focuses on key questions such as how people choose what to buy, how much to work or save, or how they respond when decisions depend on the actions of others. It also considers situations involving uncertainty or limited information. These choices not only affect individuals but also shape outcomes related to wealth, inequality, and the environment. As the first part of an intermediate-level microeconomics course, this module builds an analytical framework to understand such decisions, introducing core theoretical concepts in microeconomics and illustrating them with real-world applications.

Main topics to be covered include consumer theory, game theory, decision-making under uncertainty, contract theory, altruism, and irrational behaviour. By the end of the module, students will be able to demonstrate a strong understanding of microeconomic theory, evaluate decision-making by individuals and households, and analyse strategic interactions and situations involving uncertainty or incomplete information. Students will also develop skills to model economic problems clearly and precisely using appropriate analytical tools.

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University of Kent - Microeconomics I (ECON5002)

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