EC9A1: Advanced Microeconomic Theory
Bhaskar Dutta
Module Leader
Costas Cavounidis
Module Lecturer
Herakles Polemarchakis
Module Lecturer
Pablo Beker
Module Lecturer
Principal Aims
EC9A1-35 Advanced Microeconomic Theory
Principal Learning Outcomes
Cognitive Skills:...be in a position to critically evaluate and apply modern techniques to develop microeconomic models in their own research. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and class tests.
Subject Knowledge and Understanding:...have a comprehensive understanding of the main techniques of modern microeconomic theory. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and class tests.
Subject Knowledge and Understanding:...have an advanced knowledge of recent research in key areas of microeconomic theory. The teaching and learning methods that enable students to achieve this learning outcome are: Lectures, seminars and background reading. The summative assessment methods that measure the achievement of this learning outcome are: Examination and class tests.
Syllabus
The module will typically cover the following topics:
• Decision Theory: Decision Theory; Choice under Uncertainty; Dynamic Choice.
• Game Theory: Static Games of Complete Information; Dynamic Games of Complete Information; Repeated Games; Static Games with Incomplete Information; Dynamic Games with Incomplete Information; Cooperative Game Theory. • General competitive analysis: Abstract Economies; Economies with uncertainty; Dynamic economies.
• Social Choice and Information Economics: Social Choice; Information Economics.
Context
- Core Module
- L1PL - Year 1
Assessment
- Assessment Method
- Coursework (100%)
- Coursework Details
- In Department Exam (60%) , In class test (20%) , In class test (20%)
- Exam Timing
- N/A
Exam Rubric
Time Allowed: 3 Hours
Read all instructions carefully- and read through the entire paper at least once before you start entering your answers.
There are TWO sections in this paper. Answer TWO questions in Section A and TWO questions in Section B. All questions carry equal weight (25 marks).
Answer each whole question in a separate booklet.
Approved scientific (non-graphical) pocket calculators are allowed.
You should not submit answers to more than the required number of questions. If you do, we will mark the questions in the order that they appear, up to the required number of questions in each section.
Previous exam papers can be found in the University’s past papers archive. Please note that previous exam papers may not have operated under the same exam rubric or assessment weightings as those for the current academic year. The content of past papers may also be different.