EC903-7-AU-CO:
Microeconomics

The details
2023/24
Economics
Colchester Campus
Autumn
Postgraduate: Level 7
Current
Thursday 05 October 2023
Friday 15 December 2023
20
24 October 2023

 

Requisites for this module
(none)
(none)
(none)
(none)

 

EC943, EC955

Key module for

MSC L11012 Applied Economics and Data Analysis,
MSC L11024 Applied Economics and Data Analysis,
MSC L110EB Applied Economics and Data Analysis,
MSC L11912 Behavioural and Experimental Economics,
MSC L119EB Behavioural and Experimental Economics,
MSC L10012 Economics,
MSC L100EK Economics,
MSC L10112 Economics and Econometrics,
MSC L101EB Economics and Econometrics,
MSC L101EK Economics and Econometrics,
MSC L10412 Management Economics,
MSC L104EB 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)

Module description

This module 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.

Module aims

The aim of this module is:



  • To provide the students with the knowledge of fundamentals of Microeconomic analysis.

Module learning outcomes

By the end of this module, students will be expected to:



  1. Have acquired a grasp of the main principles and theories of modern microeconomics.

  2. Have strong insights into the power and logic of economic reasoning and be able to apply those arguments to general issues.

Module information

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.

Learning and teaching methods

This module will be delivered via:

  • One 2-hour lecture per week.
  • One 1-hour class per week.

Bibliography

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   Mid-Term Test  27/11/2023  100% 
Exam  Main exam: In-Person, Open Book, 120 minutes during Summer (Main Period) 
Exam  Reassessment Main exam: In-Person, Open Book, 120 minutes during September (Reassessment 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.
Lectures: Dr Aditya Kuvalekar / Classes: Dr Goher Fatima
For further information, send an email message to pgteco@essex.ac.uk.

 

Availability
Yes
No
No

External examiner

Dr Domenico Moro
university of Birmingham
Lecturer
Resources
Available via Moodle
Of 32 hours, 29 (90.6%) hours available to students:
0 hours not recorded due to service coverage or fault;
3 hours not recorded due to opt-out by lecturer(s), module, or event type.

 

Further information
Economics

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