ECON50570 PhD Microeconomics 1

Academic Year 2023/2024

This course is an initial foray into graduate level microeconomic theory. We will begin with consumer theory before moving into production theory, theory of the firm, and choice under uncertainty. Time permitting, the course will finish with an introduction to general equilibrium. The course will use in-depth mathematical analysis with an eye towards the applied microeconomic practitioner. This means that there is an emphasis on technique and modelling. Note that students are expected to have a strong grasp of calculus and have a background in microeconomics.

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Curricular information is subject to change

Learning Outcomes:

On completion of this module, students should be able to:
- Understand both the primary and duals of optimisation as applied to consumers and firms;
- Apply standard optimisation techniques;
- Be able to construct simply mode
- Derive equilibria and their comparative statics

Student Effort Hours: 
Student Effort Type Hours
Autonomous Student Learning






Approaches to Teaching and Learning:
This is a lecture, but flat out, you will learn more by working through the homework assignments and practice problems with your fellow students than in lecture. I'm there to help you when you get stuck, but unless you work through it yourself, you won't be anywhere near where you need to be for the exams or to progress in the program. 
Requirements, Exclusions and Recommendations

Not applicable to this module.

Module Requisites and Incompatibles
Not applicable to this module.
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Examination: Final Unspecified No Graded No


Continuous Assessment: Biweekly Homeworks Throughout the Trimester n/a Graded No


Examination: Midterm Unspecified No Graded No


Carry forward of passed components
Resit In Terminal Exam
Spring No
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

How will my Feedback be Delivered?

It is expected that you see me following exams to go over your particular case. This matters even for the final because of the core exam that must be passed to continue in the programme. Homeworks and exams will also be covered in a group setting.

Name Role
Haochi Chen Tutor
Timetabling information is displayed only for guidance purposes, relates to the current Academic Year only and is subject to change.
Lecture Offering 1 Week(s) - Autumn: All Weeks Tues 13:00 - 15:50