Topics in Advanced Microeconomics

Module code: ECN301

This module is designed to further develop your understanding of core microeconomic principles by exploring a number of advanced topics in microeconomics. The course material will be predominately theoretical with a substantial mathematical component and some evaluation of empirical evidence.

Aims of the module

The module aims to:

  • introduce a number of new topics central to contemporary research in microeconomics
  • further develop your analytical and problem-solving abilities applied to economic principles
  • link economic theory with applied work and current policy debates

Learning objectives

By the end of the module you should demonstrate that you:

  • have further developed your analytical skills as applied in modern economics
  • understand new principles and models in microeconomics and be able to critically appraise these models
  • have the ability to critically evaluate empirical tests of theoretical models
  • are ready to undertake graduate level study in microeconomics or work as a professional economist

Syllabus

Indicative topics include: decision-making under uncertainty; insurance markets, principal-agent theory, risk aversion and risky asset holdings; cooperative and non-cooperative bargaining; economics of sporting contests

Teaching methods

One lecture per week (20 hours) and five workshops

Assessment

Unseen end-of-module exam (100%)

Basic reading

There is no book which adequately covers all the topics considered and thus separate reading lists including journal papers will be given for each individual topic

Prerequisites ECN201 and ECN202, and either ECN118, ECN119 or equivalent MAS units

Module leader Ian Gregory-Smith

Please note that the leader may change before the module begins

Semester Academic year

Credits 20