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.
Get more detailsVisit official programme website
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.
- 21 days
Start dates & application deadlines
- StartingApply anytime.
- StartingApply anytime.
- Session One: July 5 - 23
- Session Two: July 26 - August 13
4 US credits, 7.5 ECTS credits
DisciplinesEconomics Econometrics View 38 other Short Courses in Economics in United Kingdom
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
International2165 GBP/fullTuition FeeBased on the tuition of 2165 GBP for the full programme during 21 days.
EU/EEA2165 GBP/fullTuition FeeBased 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
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
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Updated in the last 9 months
Check the official programme website for potential updates.