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
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
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
Teaching and learning methods
Lectures and masterclasses
|Total study time||200|
Resources & Reading list
Lecture slides available via Blackboard.
Advanced Microeconomic Theory. Addison-Wesley.
Microeconomic Theory. Oxford University Press.
Norton. Intermediate Microeconomics A Modern Approach.
Norton. Intermediate Microeconomics with calculus.
Assessment in this module is a coursework mid-semester (10% of the final mark), some low-stakes online tests totalling 5% weight and a final exam (85%).
This is how we’ll formally assess what you have learned in this module.
This is how we’ll assess you if you don’t meet the criteria to pass this module.
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Repeat type: Internal & External