The University of Southampton
Courses

ECON6021 Microeconomics

Module Overview

To provide graduate students in economics with an introduction to the basic frameworks of graduate-level microeconomic theory: general equilibrium theory and game theory. Special emphasis will be given to the design, construction and the solution of economic models, ensuring that students become familiar with basic equilibrium techniques.

Aims and Objectives

Module Aims

The aim of the module is to provide graduate students in economics with an introduction to the basic frameworks of graduate-level microeconomic theory: general equilibrium theory and game theory. Special emphasis will be given to the design, construction and the solution of economic modules, ensuring that students become familiar with basic equilibrium techniques. On successful completion of this nodule you will (i) be able to demonstrate detailed knowledge and understanding of the principles of microeconomic analysis (ii) have an appreciation of the role of assumptions in formulating modules and deriving predictions (iii) be able to formulate and manipulate models to solve a variety of economic problems.

Learning Outcomes

Learning Outcomes

Having successfully completed this module you will be able to:

  • Demonstrate detailed knowledge and understanding of the principles of microeconomic analysis
  • Demonstrate knowledge and understanding of the role of assumptions in formulating models and deriving predictions
  • Formulate and manipulate models to solve a variety of economic problems

Syllabus

The material is structured around the following two main topics: General Equilibrium Theory (GET): Some Applications; Normative and Positive Aspects of GET; Foundations of Walrasian Equilibrium. Game Theory (GT): Static and dynamic games of complete Information; Games with Incomplete Information; Foundations of Nash Equilibrium.

Learning and Teaching

TypeHours
Independent Study160
Teaching40
Total study time200

Resources & Reading list

Microeconomic Theory. 

Lecture material in the form of Handouts and .ppt presentations available via Blackboard. 

Advanced Microeconomic Theory. 

Assessment

Summative

MethodPercentage contribution
Exam  (3 hours) 100%

Referral

MethodPercentage contribution
Exam 100%

Repeat Information

Repeat type: Internal & External

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