Microeconomics

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

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.

Teaching and learning methods

Lectures and masterclasses

Resources & Reading list

General Resources

Lecture slides available via Blackboard.

Textbooks

Norton. Intermediate Microeconomics with calculus.

Norton. Intermediate Microeconomics A Modern Approach.

Advanced Microeconomic Theory. Addison-Wesley.

Microeconomic Theory. Oxford University Press.

Assessment strategy

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%).

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

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 Information

Repeat type: Internal & External