MA Economics

Year of entry: 2022

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Course unit details:

Course unit fact file
Unit code ECON60391
Credit rating 15
Unit level FHEQ level 7 – master's degree or fourth year of an integrated master's degree
Teaching period(s) Semester 1
Offered by Economics
Available as a free choice unit? Yes





To provide students with a solid grounding, at an intermediate level, in the fundamental concepts and techniques of microeconomic analysis used in business applications.

Learning outcomes

 At the end of this course students should be able to demonstrate:

(i) an understanding of relevant microeconomic concepts;

(ii) a capacity to explain and evaluate critically theoretical arguments;

(iii) knowledge of the assumptions and propositions of standard consumer theory and alternative measures of the welfare effects of price changes on individuals;

(iv) their understanding of the concepts used, and the issues addressed, by general equilibrium theorists in analysing a pure exchange economy;

(v) their understanding of the concepts and techniques that game theorists apply to economic problems;

(vi) theoretical challenges presented by real business problems.




The topics covered during the semester are: Choice & Consumer Theory (6 hours of lectures), Pareto Efficiency & Competitive Equilibrium (6 hours of lectures), Game Theory (8 hours of lectures).

Teaching and learning methods

Lectures and tutorials

Assessment methods

Method Weight
Other 30%
Written exam 70%

Final exam in January 2022 weighted at 70% and mid term exam weighted at 30%.

Recommended reading

Hugh Gravelle and Ray Rees (2004) Microeconomics.
Robert Gibbons (1992) A Primer in Game Theory.

Supplementary reading;

Geoffrey A. Jehle and Philp J. Reny. Advanced Microeconomic Theory. (Several editions as well as paperback are available. The latest, 3rd edition is published by Financial Times/ Prentice Hall.)

Hal Varian. Intermediate Microeconomics: A Modern Approach.


Study hours

Scheduled activity hours
Lectures 20
Tutorials 10
Independent study hours
Independent study 120

Teaching staff

Staff member Role
Klaus Schenk-Hoppe Unit coordinator

Additional notes

Registered on MA Economics


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