EC957: Microeconomics

Introduction

Principal Aims

Administered by WBS.This module covers microeconomic theory at a postgraduate level. Although it is mostly focused on students aiming at work as practitioners, it also provides the foundations required for pursuing studies at PhD level. This is attained by a combination of lectures, problem sets, workshops and case studies. Lectures and problem sets help students developing a formal understanding of microeconomic theory and game theory, while the case studies and workshops provide them with some practice on how to incorporate those concepts into the decision making process (as policy makers, consultants or regulators, for example).

Principal Learning Outcomes

"Subject Knowledge and Understanding: Solve problems in consumer and producer theory, general equilibrium, and game theory. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, (unassessed) problem sets, group reports based on case studies, discussions in workshops. The summative assessment methods that measure the achievement of this learning outcome are: Class test and final examination."

"Subject Knowledge and Understanding: Apply microeconomic intuition to evaluate real-life scenarios in business and finance, and to propose courses of action. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, (unassessed) problem sets, group reports based on case studies, discussions in workshops. The summative assessment methods that measure the achievement of this learning outcome are: Class test and final examination. "

"Subject Knowledge and Understanding: Understand the limits of existing microeconomic paradigms and be aware of some directions in which frontier research is modifying these paradigms. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, (unassessed) problem sets, group reports based on case studies, discussions in workshops. The summative assessment methods that measure the achievement of this learning outcome are: Class test and final examination. "

Syllabus

Context

Core Module

LN1J - Year 1

Assessment

Assessment Method

Coursework (20%) + In-person Examination (80%)

Coursework Details

In-person Examination (80%) , Test (20%)

Exam Timing

December

Reading Lists