ECON3023J Advanced Microeconomics

Academic Year 2021/2022

This module focuses on contract theory. It will provide students with an understanding of issues related to contracting in the presence of asymmetric information.
Topics inluded are:
-including choice under uncertainty and game theory
-moral hazard (first and second best cases)
-adverse selection (first and second best cases)

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Curricular information is subject to change

Learning Outcomes:

Upon completion of this module students should be able to recognize distinct forms of asymmetry of information. They will be familiar with the implications the presence of moral hazard and adverse selection have on the optimal contracts.

Indicative Module Content:

Student Effort Hours: 
Student Effort Type Hours
Lectures

22
Tutorial

12
Autonomous Student Learning

72
Total

106
Approaches to Teaching and Learning:
We will have lectures and homework assignments on topics presented in class. 
Requirements, Exclusions and Recommendations

Not applicable to this module.


Module Requisites and Incompatibles
Required:
BDIC1034J - College English 1, BDIC1035J - College English 2, BDIC1036J - College English 3, BDIC1037J - College English 4, BDIC1047J - English for Uni Studies BDIC, BDIC1048J - English Gen Acad Purposes BDIC, BDIC2007J - English for Spec Acad Purposes, BDIC2015J - Acad Wrt & Comm Skills


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Continuous Assessment: Midterm exam that includes multiple choice questions and problems to solve analytically. Week 8 n/a Alternative linear conversion grade scale 40% No

40
Examination: Final exam including multiple choice questions and problems to solve analytically. 2 hour End of Trimester Exam No Alternative linear conversion grade scale 40% No

60

Carry forward of passed components
Yes
 
Remediation Type Remediation Timing
In-Module Resit Prior to relevant Programme Exam Board
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Solutions to midterm and homework assignments will be provided and discussed in class.