EC903-7-AU-CO:
Microeconomics
2020/21
Economics
Colchester Campus
Autumn
Postgraduate: Level 7
Current
Thursday 08 October 2020
Friday 18 December 2020
20
18 August 2020
Requisites for this module
(none)
(none)
(none)
(none)
EC943, EC955
MSC L11012 Applied Economics and Data Analysis,
MSC L11024 Applied Economics and Data Analysis,
MSC L10012 Economics,
MSC L100EK Economics,
MSC L10112 Economics and Econometrics,
MSC L101EK Economics and Econometrics,
MSC L10412 Management Economics,
MSC L12012 Money and Banking,
MRESL20624 Political Economy,
MSC L14112 Economics with Data Analytics,
MECNL130 Economics,
MECNLA30 Economics (Including Placement Year),
MECNLA31 Economics (Including Year Abroad),
MECNL133 Management Economics,
MECNL134 Management Economics (Including Placement Year),
MECNL135 Management Economics (Including Year Abroad)
This course covers the concepts and methods of modern microeconomics. We begin with an overview of the competitive economy and develop the two fundamental theorems of welfare economics.
We then study various types of imperfections in markets such as differential information and strategic interaction with a view to understanding the potential role for government policy. Topics covered include contract theory (with moral hazard and adverse selection problems), equilibrium concepts in game theory, and market signalling.
The aim of this module is to provide the students with the knowledge of fundamentals of Microeconomic analysis.
Upon successful completion of this course, students will have acquired a grasp of the main principles and theories of modern microeconomics. In particular, students should have strong insights into the power and logic of economic reasoning and be able to apply those arguments to general issues.
No additional information available.
One two hour lecture and 1 hour class per week.
Feedback for this module will occur through class meetings where we will go over the answers to problem sets and where you will be able to ask questions about your own method of solution; answers that will be posted on the website for the module that will give you written guidance on the appropriate method to approach the problems, assignments, and tests; and office hours where any additional questions can be addressed. You should be sure that you use these methods to understand how to improve your own performance.
- Gibbons, Robert. (1992) A primer in game theory, London: Harvester Wheatsheaf.
- Varian, Hal R. (1992) Microeconomic analysis, New York: Norton.
- Mas-Colell, Andreu; Whinston, Michael Dennis; Green, Jerry R. (1995) Microeconomic theory, New York: Oxford University Press.
The above list is indicative of the essential reading for the course. The library makes provision for all reading list items, with digital provision where possible, and these resources are shared between students. Further reading can be obtained from this module's reading list.
Assessment items, weightings and deadlines
| Coursework / exam |
Description |
Deadline |
Coursework weighting |
| Coursework |
Test |
|
|
| Exam |
Main exam: 180 minutes during Summer (Main Period)
|
Exam format definitions
- Remote, open book: Your exam will take place remotely via an online learning platform. You may refer to any physical or electronic materials during the exam.
- In-person, open book: Your exam will take place on campus under invigilation. You may refer to any physical materials such as paper study notes or a textbook during the exam. Electronic devices may not be used in the exam.
- In-person, open book (restricted): The exam will take place on campus under invigilation. You may refer only to specific physical materials such as a named textbook during the exam. Permitted materials will be specified by your department. Electronic devices may not be used in the exam.
- In-person, closed book: The exam will take place on campus under invigilation. You may not refer to any physical materials or electronic devices during the exam. There may be times when a paper dictionary,
for example, may be permitted in an otherwise closed book exam. Any exceptions will be specified by your department.
Your department will provide further guidance before your exams.
Overall assessment
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark IF Coursework Mark is a pass or better
Reassessment
Whichever is the Greater:
EITHER 50 per cent Coursework Mark, 50 per cent Exam Mark
OR 100 per cent Exam Mark IF Coursework Mark is a pass or better
Module supervisor and teaching staff
Dr Aditya Kuvalekar, email: a.kuvalekar@essex.ac.uk.
Aditya Kuvalekar
For further information, send a message to ak20030@essex.ac.uk
Yes
No
No
Dr Francis Kiraly
Newcastle University
Lecturer Economics
Available via Moodle
Of 330 hours, 8 (2.4%) hours available to students:
322 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).
Economics
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