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BSc Economics / Course details

Year of entry: 2021

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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? Yes

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
Advanced Mathematics ECON10071 Pre-Requisite Compulsory
Microeconomic Analysis 4 ECON20512 Pre-Requisite Compulsory
Microeconomics 4 ECON20022 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 or ECON20512) and (ECON10071 or ECON20071)

Aims

The unit aims to:

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

Syllabus

Topics can include choice under risk and uncertainty, asymmetric information, valuing 
information, adverse selection, screening, moral hazard, elements of contract theory and 
mechanism design, game theoretic applications such as auctions and bargaining, and 
methods of experimental economics.

Teaching and learning methods

Online Learning and Guided Self-Study

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

Independent study hours
Independent study 0

Teaching staff

Staff member Role
Craig Webb Unit coordinator

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