EC957-15 Microeconomics
Introductory description
EC957-15 Microeconomics
Module aims
Administered by WBS.This module covers microeconomic theory at a postgraduate level. Although it is mostly focused on students aiming at work as practitioners, it also provides the foundations required for pursuing studies at PhD level. This is attained by a combination of lectures, problem sets, workshops and case studies. Lectures and problem sets help students developing a formal understanding of microeconomic theory and game theory, while the case studies and workshops provide them with some practice on how to incorporate those concepts into the decision making process (as policy makers, consultants or regulators, for example).
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 topics covered in this module may include: Part 1:Consumer theory Behavioural Economics Choice under uncertainty and over time General equilibrium Part 2:Static and dynamic games of complete and incomplete information Repeated games
Learning outcomes
By the end of the module, students should be able to:
- "Subject Knowledge and Understanding: Solve problems in consumer and producer theory, general equilibrium, and game theory. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, (unassessed) problem sets, group reports based on case studies, discussions in workshops. The summative assessment methods that measure the achievement of this learning outcome are: Class test and final examination."
- "Subject Knowledge and Understanding: Apply microeconomic intuition to evaluate real-life scenarios in business and finance, and to propose courses of action. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, (unassessed) problem sets, group reports based on case studies, discussions in workshops. The summative assessment methods that measure the achievement of this learning outcome are: Class test and final examination. "
- "Subject Knowledge and Understanding: Understand the limits of existing microeconomic paradigms and be aware of some directions in which frontier research is modifying these paradigms. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, (unassessed) problem sets, group reports based on case studies, discussions in workshops. The summative assessment methods that measure the achievement of this learning outcome are: Class test and final examination. "
Indicative reading list
Please see Talis Aspire link for most up to date list.
View reading list on Talis Aspire
Subject specific skills
No subject specific skills defined for this module.
Transferable skills
No transferable skills defined for this module.
Study time
| Type | Required |
|---|---|
| Lectures | 20 sessions of 1 hour (13%) |
| Seminars | 10 sessions of 1 hour (7%) |
| Private study | 120 hours (80%) |
| Total | 150 hours |
Private study description
Private study will be required in order to prepare for seminars/classes, to review lecture notes, to prepare for forthcoming assessments, tests, and exams, and to undertake wider reading around the subject.
Costs
No further costs have been identified for this module.
You do not need to pass all assessment components to pass the module.
Assessment group D4
| Weighting | Study time | Eligible for self-certification | |
|---|---|---|---|
Assessment component |
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| Test | 20% | No | |
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50 minute in class test |
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Reassessment component is the same |
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Assessment component |
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| In-person Examination | 80% | No | |
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A paper which examines the course content and ensures learning outcomes are achieved.
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Reassessment component is the same |
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Feedback on assessment
Feedback via mywbs
Courses
This module is Core for:
- Year 1 of TIBS-LN1J Postgraduate Taught Finance and Economics