Undergraduate Programme and Module Handbook 2023-2024 (archived)

Module ECON3201: ADVANCED MICROECONOMIC THEORY

Department: Economics

ECON3201: ADVANCED MICROECONOMIC THEORY

Type	Open	Level	3	Credits	20	Availability	Available in 2023/24	Module Cap		Location	Durham

Prerequisites

Microeconomics (ECON2021) OR Economic Theory (ECON2291)

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 & Producer
Theory
Decision making under risk and uncertainty
Incentives theory
Contest theory
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 to help prepare for summative exam. Summative assessment is an online examination.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total/Hours
Lectures	20	1 Per Week	1 Hour	20
Revision Lectures	2	2 in term 3	1 hour	2
Seminars	8	4 in term 1, 4 in term 2	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 online examination	2 hours, 3,000 words max	100%	Same

Formative Assessment:

One written piece of work to prepare students for the summative exam.

■ 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