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
Learning Outcomes
Learning Outcomes
Having successfully completed this module you will be able to:
- Demonstrate knowledge and understanding of the role of assumptions in formulating models and deriving predictions
- Demonstrate detailed knowledge and understanding of the principles of microeconomic analysis
- 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
Teaching and learning methods
Lectures and masterclasses
| Type | Hours |
|---|---|
| Independent Study | 160 |
| Lecture | 40 |
| Total study time | 200 |
Resources & Reading list
General Resources
Lecture slides available via Blackboard.
Textbooks
Microeconomic Theory. Oxford University Press.
Norton. Intermediate Microeconomics with calculus.
Norton. Intermediate Microeconomics A Modern Approach.
Advanced Microeconomic Theory. Addison-Wesley.
Assessment
Assessment strategy
Assessment in this module is a group coursework mid-semester, some multiple online tests and a final exam.
Summative
This is how we’ll formally assess what you have learned in this module.
| Method | Percentage contribution |
|---|---|
| Online test | 10% |
| Exam | 85% |
| Coursework | 5% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
| Method | Percentage contribution |
|---|---|
| Exam | 100% |
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.
| Method | Percentage contribution |
|---|---|
| Exam | 100% |
Repeat Information
Repeat type: Internal & External