Introductory description

EC901-30 Microeconomics A

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, behavioural economics, choice under uncertainty, general equilibrium, introduction to game theory, incomplete information, auctions and principal-agent problems, with reference to policy and evidence.

Learning outcomes

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

• Subject Knowledge and Understanding:...have a thorough understanding of the theoretical 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 thorough understanding of empirical 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 thorough understanding of microeconomic concepts relating to 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

H. Varian, Microeconomic Analysis, Norton, 3rd edition, 1992.
G. Jehle and P. Reny, Advanced Microeconomic Theory, FT/Prentice-Hall, 3rd edition, 2011.
R. Gibbons, A Primer in Game Theory, Harvester Wheatsheaf, 1998.
A. Boardman, D. Greenberg, A. Vining, D. Weimer, Cost-Benefit Analysis: Concepts and Practice, 5th edition, Cambridge University Press, 2018.

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
Policy evaluation
Analysis of incentives
Analysis of institutions
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