Introductory description

EC9D3-30 Microeconomics B

Module web page

Module aims

Outline syllabus

This is an indicative module outline only to give an indication of the sort of topics that may be covered. Actual sessions held may differ.

The syllabus may cover, but is not limited to, the following areas:
Consumer theory, producer theory, general equilibrium, equilibrium over time and under uncertainty, social choice, game theory, incomplete information, extensive games and mechanism design.

Learning outcomes

By the end of the module, students should be able to:

• Subject Knowledge and Understanding:...demonstrate a rigorous understanding of the mathematical foundations of microeconomic analysis. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
• Subject Knowledge and Understanding:...demonstrate a rigorous understanding of applications of microeconomic theory. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.
• Subject Knowledge and Understanding:...demonstrate a rigorous understanding of microeconomic concepts in the areas of game theory, information economics and choice under uncertainty. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars, independent study. The summative assessment methods that measure the achievement of this learning outcome are: Examination and test.

Indicative reading list

Geoffrey A. Jehle and Philip J. Reny (2011): Advanced Microeconomic Theory, FT/Prentice-Hall.
Andreu Mas-Colell, Michael Whinston and Jerry Green (1995): Microeconomic Theory, Oxford: Oxford University Press.
Peter C Ordeshook. (2008): Game Theory and Political Theory: An Introduction, Cambridge University Press.
Martin J. Osborne and Ariel Rubinstein (1994) : A Course in Game Theory
Drew Fudenberg and Jean Tirole (1991): Game Theory
Vijay Krishna (2009): Auction Theory
Tilman Borgers (2015): An Introduction to the Theory of Mechanism Design

View reading list on Talis Aspire

Subject specific skills

Students will have the opportunity to develop skills in:
Analytical thinking and communication
Analytical reasoning
Critical thinking
Strategic thinking
Problem-solving
Abstraction
Analysis of incentives
Concepts of simultaneity and endogeneity
Analysis of optimisation
Understanding of uncertainty and incomplete information

Transferable skills

Students will have the opportunity to develop:
Numeracy and quantitative skills
IT skills
Written communication skills
Oral communication skills
Mathematical, statistical and data-based research skills