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ECON42250

Academic Year 2020/2021

Topics in Advanced Microeconomics (ECON42250)

Subject:
Economics
College:
Social Sciences & Law
School:
Economics
Level:
4 (Masters)
Credits:
7.5
Module Coordinator:
Dr Margaret Samahita
Trimester:
Spring
Mode of Delivery:
On Campus
Internship Module:
No
How will I be graded?
Letter grades

Curricular information is subject to change.

This module focuses on game theory, contract theory and auctions. In the first topic we analyze non-cooperative equilibrium considering different games. Then, we analyze economic situations where there is an asymmetry of information between players such as moral hazard or adverse selection. Finally, we consider bidding behavior in different types of auctions.

About this Module

Learning Outcomes:

The students will be able to model situations involving conflicts of interest between players. They will be able to identify the source of any information asymmetry. Finally they should understand the economic implications created in such situations and propose a solution that best addresses the issue.

Student Effort Hours:
Student Effort Type Hours
Lectures

24
Autonomous Student Learning

150
Total

174

Approaches to Teaching and Learning:
This course combines lectures on theory with detailed problem-based tutorials that allow students to work in detail on the material both to understand it more fully and in preparation for the test and exam.

Requirements, Exclusions and Recommendations
Learning Requirements:

This module relies heavily on quantitative techniques and assumes that students are familiar with basic algebra.

Learning Recommendations:

Students must have completed Microeconomics I in semester one.


Module Requisites and Incompatibles
Not applicable to this module.
 

Assessment Strategy
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade In Module Component Repeat Offered
Assignment: Homework Week 6 n/a Graded No
40
 No
Examination: Final examination 2 hour End of Trimester Exam No Graded No
60
 No

Carry forward of passed components
No
 

Resit In Terminal Exam
Summer Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 

Feedback Strategy/Strategies

• Feedback individually to students, on an activity or draft prior to summative assessment
• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Students will be provided both individual and group feedback on their mid-term examinations with detailed advice on how to correct any deficiencies for the final exam.

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