Microeconomic Analysis

Module code: ECN6510

Microeconomics is concerned with the behaviour of individuals, households and firms, and their interactions. This module aims to:

  • Develop the skills required for you to analyse microeconomic problems and theories.
  • Provide an introduction to recent developments in advanced microeconomics.
  • Develop your mathematical and analytical skills.
  • Further develop your skills of critical evaluation and appraisal in the context of advanced microeconomic theory.

This is a core module for:

Learning objectives

By the end of this module students will be expected to demonstrate:

  • A comprehensive understanding of constrained optimisation and equilibrium;
  • The ability to use mathematical techniques to analyse the decision-making of economic agents;
  • The ability to evaluate and critically assess alternative models

Syllabus

The syllabus will aim to include the following topics:

  • Consumer Theory
  • Choice Under Uncertainty and Insurance
  • The Theory of the Firm
  • Imperfect Competition: Oligopoly
  • Competitive General Equilibrium

Teaching methods

Ten two-hour lectures and five one-hour workshops spread over the semester.

Assessment

The final examination will account for 100% of the overall module mark

Basic reading

We advise you not to buy books before the module begins, as the reading list may change. If you wish to read in advance, look for these texts in the University library

The following textbooks can be used as background reading:

Gravelle, H. and R. Rees (2004), Microeconomics, Third Edition, Harlow. CORE/SLC 338.5 (G).

Nicholson, W. (2005), Microeconomic Theory: Basic Principles and Extensions, 9th edition. Thomson, South-Western. CORE/SLC 338.5 (N).

Prerequisites Knowledge of advanced microeconomics at undergraduate level. Especially consumer and producer theory, calculus and optimisation techniques.

Module leader Dr Dan Gray

Please note that the leader may change before the module begins

Semester Autumn

Credits 15