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BU5061: ECONOMIC ANALYSIS (2021-2022)

Last modified: 16 Aug 2021 13:49

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
  • Dr Mauro Papi
  • Dr Agathe Rouaix

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

  • One of MRes Finance or () or () or MSc (Econ) in Finance and Investment Management (Includes Cfa Exam) or MSc in Accounting and Finance or () or Master Of Science In Energy Transition Systems And Technologies or MSc Economics of Health

What other courses must be taken with this course?


What courses cannot be taken with this course?


Are there a limited number of places available?


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. 

In light of Covid-19 this information is indicative and may be subject to change.

Contact Teaching Time

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

Teaching Breakdown

  • 1 Seminar during University week15
  • 1 Tutorial during University weeks 11, 11 - 18, 12, 13, 14, 15, 16, 17, 18

More Information about Week Numbers

Summative Assessments

Alternative Assessment

(20% each) 2x Online Tests, comprising a mix of MCQ, True/False, Problem-set questions.

(60%) Alternative assessment, comprising a mix of problem-set and short-answer questions (250 words)

Alternative Resit Assessment

Resit: An alternative assessment (100%) comprising a mix of problem-set and short-answer questions (250 words).

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge LevelThinking SkillOutcome
FactualRememberILO’s for this course are available in the course guide.

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