ECON30290 Advanced Microeconomics

Academic Year 2022/2023

This module focuses on contract theory. It will provide students with an understanding of issues related to contracting in the presence of asymmetric information. Several papers will be presented explaining how such issues affect regulatory decisions, the optimal management of workers and the contracting decisions in banking and insurance.

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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:

Game theory
Moral Hazard
Adverse Selection
Signalling

Student Effort Hours: 
Student Effort Type Hours
Autonomous Student Learning

80

Lectures

20

Tutorial

10

Total

110

Approaches to Teaching and Learning:
The module is mostly taught around a problem based learning approach.
Students will be given regular exercises.
Students will also be encouraged to read papers.
 
Requirements, Exclusions and Recommendations
Learning Requirements:

It is strongly recommended that students have passed MATH20330 Optimization for Economics or some other Mathematics course that focuses on optimization prior to taking this course

Learning Recommendations:

It is recommended that students complete the Intermediate Microeconomics course.


Module Requisites and Incompatibles
Incompatibles:
RDEV20030 - Applied Economic Analysis


 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Final examination 2 hour End of Trimester Exam No Standard conversion grade scale 40% No

50

Continuous Assessment: Students will be asked to complete a mix of online MCQ and written assignments. Throughout the Trimester n/a Alternative linear conversion grade scale 40% No

50


Carry forward of passed components
No
 
Resit In Terminal Exam
Spring Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Self-assessment activities

How will my Feedback be Delivered?

Students will be given detailed correction of all examinations and an opportunity to discuss their papers.

Advanced Microeconomic Theory, Jehle and Reny
An introduction to the Economics of Information, Macho-Stadler and Perez-Castrillo
Name Role
Xidong Guo Lecturer / Co-Lecturer
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
 
Autumn
     
Lecture Offering 1 Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12 Thurs 11:00 - 11:50
Lecture Offering 1 Week(s) - 1, 2, 3, 4, 5, 6, 7, 9, 10, 11, 12, 13 Tues 12:00 - 12:50
Tutorial Offering 1 Week(s) - 2, 4, 6, 9, 11 Wed 17:00 - 17:50
Autumn