EC903-7-AU-CO:
Microeconomics

The details
2019/20
Economics
Colchester Campus
Autumn
Postgraduate: Level 7
Current
Thursday 03 October 2019
Saturday 14 December 2019
20
14 October 2019

 

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

 

EC943

Key module for

MSC L11012 Applied Economics and Data Analysis,
MSC L11024 Applied Economics and Data Analysis,
MSC L10012 Economics,
MSC L100EK Economics,
MSC L100PP Economics with Professional Placement,
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,
MSC L14212 Economics, Computation and Game Theory

Module description

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.

Module aims

The aim of this module is to provide the students with the knowledge of fundamentals of Microeconomic analysis.

Module learning outcomes

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.

Module information

No additional information available.

Learning and teaching methods

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.

Bibliography

  • 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 Weighting
Coursework Test
Exam 120 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

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
Prof. Simon Weidenholzer
For further information, send a message to soliveb@essex.ac.uk

 

Availability
Yes
No
No

External examiner

Dr Francis Kiraly
Newcastle University
Lecturer Economics
Resources
Available via Moodle
Of 32 hours, 30 (93.8%) hours available to students:
2 hours not recorded due to service coverage or fault;
0 hours not recorded due to opt-out by lecturer(s).

 

Further information
Economics

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