EC917-7-SP-CO:
Decisions, Markets and Information
2024/25
Economics
Colchester Campus
Spring
Postgraduate: Level 7
Current
Monday 13 January 2025
Friday 21 March 2025
20
21 August 2024
Requisites for this module
(none)
(none)
(none)
(none)
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MSC L1N212 Economics of Business and Management
The module offers an introduction to microeconomic theory for students with little or no previous background in economics. The module will focus on the foundations of microeconomic theory: consumer theory, producer theory, and game theory. The module will complement the theory with case studies, applications, and policy-relevant debates that are relevant for business and management.
The aims of this module are:
- To provide students with an understanding of the foundations of microeconomic theory, with a particular focus on: consumer theory, producer theory, and game theory.
- To provide students with a broad base of knowledge that allows them to undertake more advanced study in specialised areas of economics.
By the end of this module, students will be expected to be able to:
- Demonstrate a comprehensive understanding of the foundations of microeconomic theory
- Demonstrate knowledge of consumer theory, producer theory, and game theory
- Demonstrate knowledge and critically evaluate the current debates in each of the areas of study.
Lecture 1: The Market and Budget Constraint
Lecture 2: Preferences and Utility
Lecture 3: Choice and Demand
Lecture 4: Market Demand and Equilibrium
- Varian, Chapters 15 and 16
Lecture 6: Technology and Profit Maximization
- Varian, Chapters 19 and 20
Lecture 7: Monopoly and Monopoly Behavior
- Varian, Chapters 25 and 26
Lecture 8: Oligopoly and Game Theory
- Varian, Chapters 28 and 29
Lecture 9: Game Applications and Asymmetric Information
- Varian, Chapters 30 and 38
Lecture 10: Externalities and Public Goods
- Varian, Chapters 35 and 37
This module will be delivered via:
- One2-hour lecture per week
- One 1-hour class per week.
The lectures and classes are face-to-face. The lectures and classes will be inclusive to all, including those with additional learning needs.
This module does not appear to have a published bibliography for this year.
Assessment items, weightings and deadlines
Coursework / exam |
Description |
Deadline |
Coursework weighting |
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
Reassessment
Module supervisor and teaching staff
Dr Victor Pouliquen, email: victor.pouliquen@essex.ac.uk.
Lectures and class: Dr. Victor Pouliquen
For further information, send an email message to pgteco@essex.ac.uk.
No
No
No
Miss Maria Kyriacou
Available via Moodle
No lecture recording information available for this module.
Economics
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