Undergraduate Programme and Module Handbook 2024-2025
Module ECON3201: ADVANCED MICROECONOMIC THEORY
Department: Economics
ECON3201: ADVANCED MICROECONOMIC THEORY
| Type | Tied | Level | 3 | Credits | 20 | Availability | Available in 2024/2025 | Module Cap | Location | Durham |
|---|
| Tied to | L100 |
|---|---|
| Tied to | L106 |
| Tied to | L109 |
| Tied to | L103 |
| Tied to | L104 |
| Tied to | L105 |
| Tied to | LL12 |
| Tied to | LL02 |
| Tied to | LL01 |
| Tied to | L1R1 |
| Tied to | VL52 |
| Tied to | VLL6 |
| Tied to | VLLA |
| Tied to | CFG0 |
| Tied to | FGC0 |
| Tied to | CFG1 |
| Tied to | FGC1 |
| Tied to | CFG2 |
Prerequisites
- For the academic year 2024/2025: Microeconomics (ECON2021) OR Economic Theory (ECON2291). For the academic year 2025/2026 onwards: 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 & 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 workshops. Learning takes place through attendance at lectures, preparation for and participation in workshops, and private study. Formative assessment to help prepare for the examamination. Summative assessment is an on-person examination.
Teaching Methods and Learning Hours
| Activity | Number | Frequency | Duration | Total/Hours | |
|---|---|---|---|---|---|
| Revision Lectures | 2 | 2 in term 3 | 1 hour | 2 | |
| Workshops | 16 | 8 in term 1, 8 in term 2 | 2 hours | 32 | ■ |
| Preparation and Reading | 166 | ||||
| Total | 200 |
Summative Assessment
| Component: Examination | Component Weighting: 100% | ||
|---|---|---|---|
| Element | Length / duration | Element Weighting | Resit Opportunity |
| One in-person written examination | 2 hours | 100% | Same |
Formative Assessment:
One written piece of work to prepare students for the summative examination.
■ 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