This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Undergraduate Handbook 2022-2023 (archived)
Module ECON3201: ADVANCED MICROECONOMIC THEORY
Department: Economics
ECON3201: ADVANCED MICROECONOMIC THEORY
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Open | 3 | 20 | Available in 2022/2023 | Durham |
Pre-requisites
- Microeconomics (ECON2021)
Corequisites
- None.
Excluded Combinations
- 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 a deep understanding of some advanced theoretical models in microeconomics.
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 | Attendance Monitored |
|---|---|---|---|---|---|
| Lectures | 20 | 1 Per Week | 1 Hour | 20 | |
| Revision Lectures | 2 | 1 per week | 1 hour | 2 | |
| Seminars | 8 | Fortnightly | 1 Hour | 8 | Yes |
| Preparation and Reading | 170 | ||||
| Total | 200 |
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 100% | One written examination | 2 hours | 100% | Same |
Formative Assessment
Two formative assignments
Students who do not attend monitored activities shown under Teaching Methods
and Learning Hours, or who fail to complete the summative or formative
assessment(s) specified above, may be subject to the Academic Progress
procedures defined in the University's General Regulation V, and may be
required to leave the University.