Undergraduate Programme and Module Handbook 2015-2016 (archived)

Module ECON3201: ADVANCED MICROECONOMIC THEORY

Department: Business School (Economics and Finance)

ECON3201: ADVANCED MICROECONOMIC THEORY

Type	Open	Level	3	Credits	20	Availability	Available in 2015/16	Module Cap		Location	Durham

Prerequisites

Economic Principles II: Microeconomics (ECON2021)

Corequisites

None.

Excluded Combination of Modules

None.

Aims

To develop knowledge and analytical skills in advanced microeconomic theory, by building on the second-year microeconomics module.
To offer students the opportunity to develop some key skills.

Content

Topics, reflecting the current state of the field, may include:
consumer theory;
producer theory;
decision making under risk and uncertainty;
incentives and strategic behaviour;
market equilibrium;
general equilibrium;
welfare economics.

Learning Outcomes

Subject-specific Knowledge:

At the end of the module the students should:
be able to understand research contributions in microeconomics (journal publications).
have had the opportunity to formulate their own research questions.

Subject-specific Skills:

be able to solve microeconomic problems at an advanced level.

Key Skills:

Written Communication - through summative assessment.
Planning, Organisation and Time Management - e.g. by revising relevant material and preparing for examinations.
Problem Solving and Analysis - e.g. by applying the necessary analytical and quantitative skills, as well as the ability to manipulate concepts in microeconomics, in undertaking assessed work.

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

Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminar classes, and private study. Formative assessment is by means of an assignment. Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total/Hours
Lectures	22	1 Per Week	1 Hour	22
Seminars	8	Fortnightly	1 Hour	8	■
Preparation and Reading				170
Total				200

Summative Assessment

Component: Examination		Component Weighting: 100%
Element	Length / duration	Element Weighting	Resit Opportunity
One written examination	2 hours 30 minutes	100%	Same

Formative Assessment:

One formative assignment will be assessed. This will be a set of analytical problems.

■ 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