EC9D3: Microeconomics B
Ben Lockwood
Module Leader
Ilan Kremer
Module Lecturer
Introduction
EC9D3-30 Microeconomics B
Principal Aims
To enable students to acquire a rigorous understanding of key microeconomic principles, covering some of the most important topics, concepts and methods used in modern microeconomic analysis, along with relevant evidence and applications.
Principal Learning Outcomes
Subject Knowledge and Understanding:...demonstrate a rigorous understanding of the mathematical foundations of microeconomic analysis.
Subject Knowledge and Understanding:...demonstrate a rigorous understanding of applications of microeconomic theory.
Subject Knowledge and Understanding:...demonstrate a rigorous understanding of microeconomic concepts in the areas of game theory, information economics and choice under uncertainty.
Syllabus
The syllabus may cover, but is not limited to, the following areas:
Consumer theory, producer theory, general equilibrium, equilibrium over time and under uncertainty, social choice, game theory, incomplete information, extensive games and mechanism design.
Context
- Optional Core Module
- C8P8 - Year 1, L1P6 - Year 1, L1P7 - Year 1
- Optional Module
- G30B - Year 4
- Pre or Co-requisites
- The module demands a deep understanding of core undergraduate microeconomic principles, and a good understanding of mathematical methods such as constrained optimisation.
Assessment
- Assessment Method
- Coursework (10%) + Centrally-timetabled examination (On-campus) (90%)
- Coursework Details
- Centrally-timetabled examination (On-campus) (90%) , Test 1 Micro B (5%) , Test 2 Micro B (5%)
- Exam Timing
- January
Subject Specific Skills
- Applied Economics
- Economic Information
- Economic Principles
- Research and Debate
- Abstraction
- Analysis of Incentives
- Analysis of Optimisation
- Analytical Reasoning
- Analytical thinking and communication
- Concepts of Simultaneity and Endogeneity
- Creative Thinking
- Critical Thinking
- Policy Evaluation
- Problem Solving
- Strategic Thinking
- Understanding of Uncertainty and Incomplete Information
Transferable Skills
- IT skills
- Numeracy and Quantitative Skills
- Information Technology
- Mathematical, statistical, data-based research skills
- Oral Communication
- Written Communication
Exam Rubric
Time Allowed: 3 Hours, plus 15 minutes reading time during which you may make notes on the question paper. You must not start writing in your answer booklet until you are instructed.
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 ONE question in Section A (50 marks) and ONE question in Section B (50 marks).
Use a separate booklet for each Section.
• Use a GREEN booklet for Section A questions.
• Use a SEPARATE GREEN 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.