BAEcon Economics and Philosophy

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.

(ECON20022 or ECON20512) and (ECON10071 or ECON20071)

The unit aims to:

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

Provisional

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.

Synchronous activities (such as Lectures or Review and Q&A sessions, and tutorials), and guided self-study.

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.

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.

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• Advanced Microeconomic Theory, Jehle and Reny.
• Microeconomic Theory, Mas-Colell, Whinston and Green.
• Information Economics, Birchler and Butler.
• Lecture Notes in Microeconomics, Rubinstein.