Module ECON41815: ADVANCED MICROECONOMICS

Department: Business School (Economics and Finance)

ECON41815: ADVANCED MICROECONOMICS

Prerequisites

• None

Corequisites

• None

Excluded Combination of Modules

• None

Aims

• To develop knowledge and analytical skills in advanced microeconomic theory and its applications.

Content

• Static Game Theory;
• Dynamic Game Theory;
• Auction Theory;
• Heterogeneity and Aggregation;
• Expected Utility Theory;
• Choice Under Uncertainty.

Learning Outcomes

• be able to interpret scholarly literature in advanced microeconomics;
• have had the opportunity to practice some applications of microeconomics in complex specialised contexts;
• have explored, understood and appreciated the complexity and contradictions of the current relevant academic literature and be able to identify open questions for their own research.

• be able to apply problem-solving and analytical skills to complex issues in microeconomics.

• Written Communication;
• Planning, Organising and Time Management;
• Problem Solving and Analysis;
• Using Initiative;
• Numeracy;
• Computer Literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

• Lectures will present the topics in detail, give suggestions for further reading, give guidance for the problems for the seminars, and give students the necessary knowledge to read and understand the scholarly literature.
• In the seminars students will be encouraged to actively participate and solve the problems. The seminars will train the students to solve analytical problems in economic theory, as well as giving students opportunity to identify research questions. The written exam will test students' ability to solve advance analytical problems in microeconomic theory.

Teaching Methods and Learning Hours

Summative Assessment

Formative Assessment:

Students will receive written comments on a formative written assignment. Additional formative assessment and feedback, may take a number of forms such as oral feedback on work prepared by students for seminars; answers to questions either discussed during a seminar, or posted on DUO; discussions with teaching staff during consultation hours, or via e-mail.

■ Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University