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BAEcon Economics and Finance / Course details
Year of entry: 2021
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Course unit details:
|Unit level||Level 3|
|Teaching period(s)||Semester 1|
|Available as a free choice unit?||No|
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.
|Unit title||Unit code||Requirement type||Description|
|Microeconomic Analysis 4||ECON20512||Pre-Requisite||Compulsory|
(ECON20022 Micro 4 or ECON20512 Micro Analysis 4) and (ECON10071 Adv Maths or ECON20071 Adv Maths)
The unit aims to:
Expose students to topics in Microeconomics at the advanced undergraduate level.
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.
Abstract reasoning, economic modelling and problem solving, analytical skills, evaluation and critical analysis of arguments, theories and policies
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.
30% Problem Set
Advanced Microeconomic Theory, Jehle and Reny.
Microeconomic Theory, Mas-Colell, Whinston and Green.
Information Economics, Birchler and Butler.
Lecture Notes in Microeconomics, Rubinstein.
|Scheduled activity hours|
|Assessment written exam||3|
|Independent study hours|
|Craig Webb||Unit coordinator|