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EC4025: ADVANCED MICROECONOMICS (2017-2018)

Last modified: 16 Nov 2016 18:26


Course Overview

This course develops mathematical methods for analyzing economic decisions and equilibrium behaviour at an advanced undergraduate level. One of the goals is to help prepare students for postgraduate work in economics. A good understanding of the methods studied in EC2003 and EC3023 is essential, since the course builds on and extends the mathematical and analytical skills developed in these courses to examine in a more rigorous way several key areas in microeconomics such as individual consumer and firm choices, decision-making under uncertainty, and applications of game theory.

Course Details

Study Type Undergraduate Level 4
Session First Sub Session Credit Points 30 credits (15 ECTS credits)
Campus None. Sustained Study No
Co-ordinators
  • Dr Mauro Papi

Qualification Prerequisites

  • Programme Level 4

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

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

  • EC4003 Microeconomics (Studied)
  • (Studied)

Are there a limited number of places available?

No

Course Description

This course examines a number of important topics in microeconomics in greater depth than the microeconomics course at level two. In the first part of the course both the consumer's and producer's problem are examined using a number of analytical tools developed in EC 3001. The second part of the course considers market structure and general equilibrium theory in more detail. The third section focuses on the economics of uncertainty and game theory.

Degree Programmes for which this Course is Prescribed

None.

Contact Teaching Time

93 hours

This is the total time spent in lectures, tutorials and other class teaching.

Teaching Breakdown


Assessment

1st Attempt: 1 three-hour examination (70%); continuous assessment (30%) consisting of four in-class tests.
Resit: None.

Formative Assessment

This will take place via tutorial discussions and via a (computer aided) online questions submitted by students prior to the tutorial.

Feedback

Feedback is given for the submitted online questions on a question-by-question basis. Feedback on continuous assessment tests provides further guidance on how to approach the questions successfully. On a less formal basis, via verbal feedback during tutorial discussions.

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