Advanced Microeconomics

The details
Colchester Campus
Postgraduate: Level 7
Monday 13 January 2020
Friday 20 March 2020
09 December 2019


Requisites for this module



Key module for

MRESL10012 Economics,
MRESL100EK Economics,
MRESL100KE Economics,
MPHDL10048 Economics,
PHD L10048 Economics

Module description

This is module builds on EC403: MRes Microeconomics (pre-requisite), EC404: MRes Macroeconomics, EC466: MRes Econometrics and covers topics in decision theory, game theory, and contract theory with an emphasis on mathematical formalism. The module will introduces the basic mathematical framework and methods that are relevant to research in these topics. Students who wish to take this module without the MRes modules indicated above should contact the module instructor.

Module aims

This module aims to introduce students to the mathematical formalism involved in understanding research in economic theory. Building on the content and formalism of Ec403, EC404, EC466, and Ec511, it introduces students to the topics of decision theory, game theory, and contract theory at the level of the graduate textbooks listed in the bibliography. The assignments for this module aim to help develop students understanding of the mathematical frameworks and methods used in the above noted topics. The test and exam for this module aims to assess the students understanding of these issues through solutions of problems.

Module learning outcomes

Upon successfully completing this module, students should be able to understand the basic mathematical frameworks and methods used in theoretical economics analysis, particularly the topics of decision theory, game theory, and contract theory. They should have obtained the ability to understand, develop, and solve problems in the basic mathematical frameworks relevant for these topics.

Module information

No additional information available.

Learning and teaching methods

There are lectures and classes for this module. Lectures will cover key points and concepts relevant for understanding the topics of this module. 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 academic support 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.


  • Fudenberg, Drew; Tirole, Jean. (c1991) Game theory, Cambridge, Mass: MIT Press.
  • Muthoo, Abhinay. (1999) Bargaining theory with applications, New York: Cambridge University Press.
  • Laffont, Jean-Jacques; Martimort, David. (c2002) The theory of incentives: the principal-agent model, Princeton, N.J.: Princeton University Press.
  • Osborne, Martin J. (2009) Introduction to Game Theory, Oxford: Oxford University Press.
  • SalaniĆ©, Bernard. (2005) The economics of contracts: a primer, Cambridge, Mass: MIT Press.
  • Osborne, Martin J.; Rubinstein, Ariel. (c1994) A course in game theory, Cambridge, Mass: MIT Press.
  • 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 Weighting
Coursework   Take home coursework test 10:00 am start. Submit answers by 12 noon     
Exam  180 minutes during Summer (Main Period) (Main) 

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


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 Jayant Ganguli, email:
Dr Jayant Ganguli
For further information, send a message to



External examiner

Dr Francis Kiraly
Newcastle University
Lecturer Economics
Available via Moodle
Of 105 hours, 40 (38.1%) hours available to students:
65 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).


Further information

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