Short Course On Campus

Principles of Microeconomics

University College London (UCL)

21 days
2165 GBP/full
2165 GBP/full
Tuition fee
Apply date
Start date


This Principles of Microeconomics module at University College London (UCL) provides an introduction to the concepts that underlie modern economic analysis.



The Principles of Microeconomics module at University College London (UCL) begins with the concept of opportunity cost, proceeding to optimal decision-making at the level of an individual consumer.

Similar analysis will be applied to describe the optimal behaviour of an individual firm, distinguishing competitive and non-competitive market structures. The theoretical coverage will be supplemented with real-world examples, including a visit to the London Metal Exchange, where students will observe a live application of the theoretical concepts.


All summer school modules are assessed in accordance with UCL regulations. 

Programme Structure

Upon successful completion of this module, students will:

  • Be familiar with the basic microeconomic concepts
  • Have gained the ability to apply basic microeconomic concepts to analyse behaviour of consumers and firms under several market structures
  • Have an understanding of the price mechanism, its limitations, and factors influencing the market price
  • Have gained the ability to analyse the impact of government intervention on efficiency and distribution of surplus.


This is a level one module (equivalent to first year undergraduate). Students who have completed micro- or macroeconomics courses at introductory level or higher, cannot take this module.

There are no specific requirements involving prior mathematical knowledge but students should be comfortable drawing and manipulating diagrams to support their arguments.


Sultan Orazbayev joined UCL in 2010 to teach the economics course, on the Undergraduate Preparatory Certificate (UPC) program. Prior to joining UCL, he has worked as an economist, conducting applied macroeconomic research and policy analysis.

Key information


  • Full-time
    • 21 days

Start dates & application deadlines

More details
  • Session One: July 5 - 23
  • Session Two: July 26 - August 13


4 alternative credits

4 US credits, 7.5 ECTS credits


On Campus

Academic requirements

GPA admission requirements GPA

Other requirements

General requirements

You will have completed one year of undergraduate study at the time of joining the summer school, and be able to demonstrate an average grade of:

·3.3/4.0 GPA (US scale)

·2:1 (UK scale)

If English is not your first language, you will need to show proficiency by providing us with a qualification such as:

·IELTS 7.0, with 6.5 in each subtest

·GCSE/IGCSE, with a pass at grade C

Tuition Fee

To alway see correct tuition fees
  • International

    2165 GBP/full
    Tuition Fee
    Based on the tuition of 2165 GBP for the full programme during 21 days.
  • EU/EEA

    2165 GBP/full
    Tuition Fee
    Based on the tuition of 2165 GBP for the full programme during 21 days.
  • One Session    £2,165
  • Both Sessions    £3,900

Living costs for London

1137 - 2157 GBP /month
Living costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.


Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

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Principles of Microeconomics
University College London (UCL)


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