Microeconomics

Learning Outcomes

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• use formal logical reasoning to address economic questions
• formulate and manipulate models to address a variety of economic problems and questions
• recognise the role of assumptions in formulating models and deriving predictions

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• research methods in microeconomics
• theoretical and mathematical methods of microeconomic analysis

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• apply logical analysis to assumption-based models and make use of inductive reasoning

The material is structured around the following two main topics:

General Equilibrium Theory: Foundations of Walrasian equilibrium; normative and positive Aspects of General Equilibrium Theory; Some applications;.

Game Theory: Static and dynamic games of complete information; foundations of Nash equilibrium; games with incomplete information.

Teaching and learning methods

Lectures and masterclasses

Resources & Reading list

General Resources

Lecture slides available via Blackboard.

Textbooks

Microeconomic Theory. Oxford University Press.

Advanced Microeconomic Theory. Addison-Wesley.

Norton. Intermediate Microeconomics with calculus.

Norton. Intermediate Microeconomics A Modern Approach.

Assessment strategy

See Assessment section

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