Advanced Microeconomics

Module Code ECNU311
Semester Autumn
Prerequisite ECNU211
Level 10
Credit Value 20
Module Co-ordinator Dr Tanya Wilson
Assessment 40% Coursework, 60% examination

MODULE INTRODUCTION, AIMS AND OBJECTIVES

The aim of this module is to introduce and extend major topics in microeconomics including intertemporal choice, the economics of uncertainty, general equilibrium, welfare economics and game theory.

LEARNING OUTCOMES AND SKILLS DEVELOPED

Knowledge and understanding of

  • choice and rationality
  • intertemporal choice
  • expected utility and choice under uncertainty
  • basic financial asset markets
  • monopoly, oligopoly and monopsony markets
  • game theory
  • auctions
  • general equilibrium
  • social welfare analysis
  • market failure, property rights and public goods
  • asymmetric information, adverse selection and moral hazard

RECOMMENDED READING LIST

The core text book for this module is:

Hal R. Varian, "Intermediate Microeconomics", ninth edition, W. W. Norton.

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