EC9A1: Advanced Microeconomic Theory
Bhaskar Dutta
Module Leader
Costas Cavounidis
Module Lecturer
Motty Perry
Module Lecturer
Pablo Beker
Module Lecturer
Introduction
EC9A1-35 Advanced Microeconomic Theory
Principal Aims
The module aims to develop the skills in, and knowledge of, microeconomics necessary for a career as an academic economist and in all areas where advanced research skills in economics are required. Specifically, it aims to teach the students to understand, appreciate, and ultimately contribute to, frontier research. It is intended to be comparable to modules taught in the best research universities in the USA and elsewhere in Europe.
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 (25 marks each) and TWO questions in Section B (25 marks each).
Use a separate booklet for each Section.
• Use a PINK booklet for Section A questions.
• Use a SEPARATE PINK booklet for Section B questions.
You must write the number(s) of the question(s) you have answered on the front cover of each booklet. Make sure the numbers are clearly visible and correspond to the questions you completed inside that booklet.
Do not submit answers to more than the required number of questions. If you do, only the first answers (in the order they appear) will be marked, up to the required number for each section.
Approved scientific (non-graphical) pocket calculators are allowed.
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.