Coronavirus information for applicants and offer-holders

We understand that prospective students and offer-holders may have concerns about the ongoing coronavirus outbreak. The University is following the advice from Universities UK, Public Health England and the Foreign and Commonwealth Office.

Read our latest coronavirus information

BAEcon Economics and Finance / Course details

Year of entry: 2021

Course unit details:
Advanced Microeconomics

Unit code ECON30001
Credit rating 20
Unit level Level 3
Teaching period(s) Semester 1
Offered by Economics
Available as a free choice unit? No

Overview

The unit covers a range of topics of Microeconomics at the advanced undergraduate level. Topics can include choice under risk and uncertainty, asymmetric information, valuing information, screening, moral hazard, elements of contract theory and mechanism design, game theoretic applications such as auctions and bargaining, and methods of experimental economics.

Pre/co-requisites

Unit title Unit code Requirement type Description
Microeconomics 4 ECON20022 Pre-Requisite Compulsory
Microeconomic Analysis 4 ECON20512 Pre-Requisite Compulsory
Advanced Mathematics ECON10071 Pre-Requisite Compulsory
Advanced Mathematics ECON20071 Pre-Requisite Compulsory
(ECON20022 Micro 4 or ECON20512 Micro Analysis 4) and (ECON10071 Adv Maths or ECON20071 Adv Maths)

(ECON20022 Micro 4 or ECON20512 Micro Analysis 4) and (ECON10071 Adv Maths or ECON20071 Adv Maths)

Aims

The unit aims to:

Expose students to topics in Microeconomics at the advanced undergraduate level.

Syllabus

.

Teaching and learning methods

The teaching is comprised of ten two-hour lectures. For each lecture, there is an associated exercise class where students must prepare solutions for problem sets. Problem solving is crucial for Microeconomics, and syllabus beyond the lecture notes is covered that way. Feedback on the students’ attempts at the problems is given in the weekly classes to consolidate students’ learning. All materials will be available via Blackboard.

During the semester, students will be required to submit a coursework (set of problems). Individual feedback will be provided via Turnitin, and group feedback given during a revision lecture.

During students’ independent study, I expect them to carefully study the suggested reading and raise questions on the Blackboard forum (or office hours). Following this, a large portion of independent study should be spent solving the problem sets, preparing essays for the written component on the January exam, revising the feedback solutions provided, and studying the further revision materials.

Knowledge and understanding

Students will have an understanding of the central topics of advanced Microeconomics.

Intellectual skills

Abstract reasoning, economic modelling and problem solving, analytical skills, evaluation and critical analysis of arguments, theories and policies

Practical skills

Providing formal proofs, problem solving, writing formal arguments and explanations, developing a clear and succinct writing style, independently locate and assess relevant literature and to draw on these to develop understanding and to construct arguments.

Transferable skills and personal qualities

precision, able to follow and provide logical arguments, producing digital documents with equations and diagrams, working consistently towards deadlines, responding to feedback to consolidate understanding.

Assessment methods

30%                  Problem Set

70%                  Exam

Feedback methods

.

Recommended reading

Advanced Microeconomic Theory, Jehle and Reny.

Microeconomic Theory, Mas-Colell, Whinston and Green.

Information Economics, Birchler and Butler.

Lecture Notes in Microeconomics, Rubinstein.

Study hours

Scheduled activity hours
Assessment written exam 3
Lectures 32
Tutorials 9
Independent study hours
Independent study 156

Teaching staff

Staff member Role
Craig Webb Unit coordinator

Return to course details