Unit name | Advanced Microeconomics |
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Unit code | ECONM3024 |
Credit points | 15 |
Level of study | M/7 |
Teaching block(s) |
Teaching Block 2 (weeks 13 - 24) |
Unit director | Dr. Maija Halonen-Akatwijuka |
Open unit status | Not open |
Pre-requisites |
ECONM1010 |
Co-requisites |
None |
School/department | School of Economics, Finance and Management |
Faculty | Faculty of Social Sciences and Law |
This unit builds on the first-term unit to broaden and deepen students' knowledge and understanding of Microeconomics. Additional topics will illustrate and reinforce advanced microeconomic theory. These will include advanced theory of extensive form games under incomplete information, and its application to analyse rigorously the strategic incentives of major economic players and their consequences in situations of conflicts, including business , political and policy issues.. The unit will contain some additional technical material to prepare students for study at PhD level, such as analysis of repeated games and dynamic games.
Aims:
Material will be delivered by lecture. This will be supplemented by small-group classes to facilitate student-led learning and to enable diagnostic assessment of their progress. Coursework will consist primarily of technical and problem-solving exercises which will be discussed in class. Classes will also be used to discuss different approaches and for student presentations.
Formative assessment: exercises and presentations.
Summative assessment: closed-book exam (2 hours, 70% of total assessment), one take-home mathematical exercise (30% of total assessment).