This is an archived handbook for a previous year. The current undergraduate and postgraduate handbooks can be viewed using the links above.
Postgraduate Handbook 2024-2025 (archived)
Module ECON44715: ADVANCED MICROECONOMICS
Department: Economics
ECON44715: ADVANCED MICROECONOMICS
| Type | Level | Credits | Availability | Module Cap | Location |
|---|---|---|---|---|---|
| Tied | 4 | 15 | Available in 2024/2025 | Durham |
Tied To
- L1T109: Economics
- L1T409: Environmental & Natural Resource Economics
- L1T609: Behavioural Economics
- N3K709: Finance (Economics and Finance)
Pre-requisites
- None
Corequisites
- None
Excluded Combinations
- None
Aims
- To develop knowledge and analytical skills in advanced microeconomic theory and its applications.
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
- 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.
Subject-specific Skills
- be able to apply problem-solving and analytical skills to complex issues in microeconomics.
Key Skills
- 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.
- Workshops 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
| Activity | Number | Frequency | Duration | Total Hours | Attendance Monitored |
|---|---|---|---|---|---|
| Lectures | 10 | 1 per week | 2 hour | 20 | |
| Revision Lecture | 1 | 2 hour | 2 | ||
| Workshops | 8 | Weekly | 1 hour | 8 | Yes |
| Preparation & Reading | 120 | ||||
| Total | 150 | ||||
Summative Assessment
| Component | Component Weighting | Element | Length/Duration | Element Weighting | Resit Opportunity |
|---|---|---|---|---|---|
| Examination | 100% | One in-person written examination | 2 hours | 100% | Same |
Formative Assessment
One formative assignment will be assessed. This will be a set of analytical problems.
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.