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BU5061: ECONOMIC ANALYSIS (2020-2021)

Last modified: 05 Oct 2020 12:45


Course Overview

The course will cover the main elements of Microeconomic Theory. Consumer theory will be examined by discussing how consumers choose under the constraint of a budget to generate demands. This theory will then be extended to include choice under uncertainty and intertemporal choice. Some basic elements of competitive markets will also be presented. Producer theory will be examined to understand how firms decide the quantity to be produced under the constraint of a technology. Other relevant topics, such as public goods, externalities, and auctions, will be covered.

Course Details

Study Type Postgraduate Level 5
Session First Sub Session Credit Points 15 credits (7.5 ECTS credits)
Campus Aberdeen Sustained Study No
Co-ordinators
  • Dr Mauro Papi
  • Dr Agathe Rouaix

What courses & programmes must have been taken before this course?

  • Any Postgraduate Programme (Studied)
  • One of MRes Finance (Studied) or MSc (Econ) in Petroleum, Energy Economics and Finance (Studied) or MSc (Econ) in Finance and Investment Management (Studied) or MSc (Econ) in Finance and Investment Management (Includes Cfa Exam) (Studied) or MSc in Accounting and Finance (Studied) or MSc (Econ) in Accounting and Finance (Studied) or MSc Economics of Health (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

No

Course Description

An introduction to techniques of used in microeconomic modelling. Topics covered include consumer theory, theory of the firm, market structure, choice under uncertainty, and an introduction to game theory. 

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

  • 1 Tutorial during University weeks 10 - 17

More Information about Week Numbers


In light of Covid-19 and the move to blended learning delivery the assessment information advertised for courses may be subject to change. All updates for first-half session courses will be actioned no later than 1700 (GMT) on 18 September 2020. All updates for second half-session courses will be actioned in advance of second half-session teaching starting. Please check back regularly for updates.

Summative Assessments

Two pieces of alternative assessments (50% each): mix of problem-set questions and short answers (250 word limit per short answer).

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome

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