Year of entry: 2022
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Course unit details:
|Unit level||Level 3|
|Teaching period(s)||Semester 1|
|Available as a free choice unit?||Yes|
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 or ECON20512) and (ECON10071 or ECON20071)
The unit aims to:
Expose students to topics in Microeconomics at the advanced undergraduate level.
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
Synchronous activities (such as Lectures or Review and Q&A sessions, and tutorials), and guided self-study
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.
|Craig Webb||Unit coordinator|