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Curricular information is subject to change
Following completion of this module, students will be able to derive firm and individual demand and supply functions under perfect competition. Students will also be able to use these concepts to evaluate the welfare effects of various policy reforms. Students will understand the principles lying behind choice under uncertainty They will also understand the relationship between the general equilibrium of an economic system and social welfare. If time permits, they will also understand how game theory can help explain strategic interaction between firms.
Student Effort Type | Hours |
---|---|
Lectures | 30 |
Tutorial | 10 |
Autonomous Student Learning | 100 |
Total | 140 |
It is recommended that students have completed an advanced course in undergraduate microeconomics. Ii is also recommended that students take the bootcamp course in mathematics for economists. Students coming to the course without prior training in economics should preferably have a background in a quantitative discipline such as engineering, physics or mathematics.
Description | Timing | Component Scale | % of Final Grade | ||
---|---|---|---|---|---|
Examination: Midterm examination | Varies over the Trimester | No | Graded | No | 25 |
Examination: Final examination | 2 hour End of Trimester Exam | No | Graded | No | 60 |
Assignment: Tutorials exercises based upon material covered | Throughout the Trimester | n/a | Graded | No | 15 |
Resit In | Terminal Exam |
---|---|
Spring | No |
• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment
• Self-assessment activities
Throughout the year, on request, students will get feedback on their tutorial assignments and be provided with details of corrections. For the final exam, on request, students will be given feedback on their exam performance.
Name | Role |
---|---|
Wanying Deng | Tutor |