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
Have a thorough understanding of the main techniques of modern microeconomic theory; Have a detailed knowledge of recent research in key areas of microeconomic theory; Be in a position to apply modern techniques to develop microeconomic models in their own research.
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.
- Assessment Method
- 100% assessment
- Coursework Details
- 2 x class tests (20% each) and one final class test worth 60%
- Exam Timing
Time Allowed: 3 Hours
Answer TWO questions from Section A and TWO questions from Section B. Answer Section A questions in one booklet and Section B questions in a separate booklet. All questions carry equal weight (25 marks).
Approved pocket calculators are allowed.
Read carefully the instructions on the answer book provided and make sure that the particulars required are entered on each answer book. If you answer more questions than are required and do not indicate which answers should be ignored, we will mark the requisite number of answers in the order in which they appear in the answer book(s): answers beyond that number will not be considered.
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.