Topics in Microeconomic Theory I
| Module title | Topics in Microeconomic Theory I |
|---|---|
| Module code | BEEM144 |
| Academic year | 2020/1 |
| Credits | 15 |
| Module staff |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 11 |
| Number students taking module (anticipated) | 12 |
|---|
Module description
This is a topics course in advanced microeconomic theory. The course will cover topics in advanced microeconomics with emphasis on fundamentals, existing theoretical tools, constructing new theory for empirical analysis and applications to recent theoretical advances.
Module aims - intentions of the module
The module explores burgeoning areas of modern microeconomics, with the aim of enabling students to write independent research in microeconomics at the research frontier.
Intended Learning Outcomes (ILOs)
ILO: Module-specific skills
On successfully completing the module you will be able to...
- 1. Provide technical analysis and address complex questions at the frontier of microeconomic research.
- 2. evaluate economic problems, provide mathematical representation and solution to the problem
ILO: Discipline-specific skills
On successfully completing the module you will be able to...
- 3. demonstrate self-direction and originality in tackling and solving microeconomics problems.
- 4. advance their knowledge and understanding, and to develop new skills to a high level.
ILO: Personal and key skills
On successfully completing the module you will be able to...
- 5. identify, tackle and solve relevant research problems
- 6. work independently and responsibly on complex research problems.
Syllabus plan
i. Individual and Multi-person Decision Theory
ii. Bargaining
iii. Contract theory
iv. Mechanism Design
v. Auctions
vi. Coalition formation
Learning activities and teaching methods (given in hours of study time)
| Scheduled Learning and Teaching Activities | Guided independent study | Placement / study abroad |
|---|---|---|
| 33 | 117 | 0 |
Details of learning activities and teaching methods
| Category | Hours of study time | Description |
|---|---|---|
| Schedules learning and teaching | 33 (3 per week) | Lectures |
| Independent Study | 117 | Independent study |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Practice Problems | Varies | 1-6 | Oral/Written |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 45 | 55 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Exam | 55 | 3 hours | 1-6 | Oral/Written |
| 3 Problem Sets | 45 | 1-4 Problems each | 1-6 | Oral/Written |
Details of re-assessment (where required by referral or deferral)
| Original form of assessment | Form of re-assessment | ILOs re-assessed | Timescale for re-assessment |
|---|---|---|---|
| Examination | Examination 55% (3 hours) | 1-6 | August examination period |
| Problem Sets | Problem set 45% (1-4 problems) | 1-6 | August examination period |
Indicative learning resources - Basic reading
- Haeringer, G., Market Design Mit Press 2018.
- Muthoo, A. Bargaining Theory Cambridge Press 1999
- Gershkov, A. and Moldovanu, B. Dynamic Allocation and Pricing. Mit Press 2014
- Krishna V. Auction Theory Academic Press 2009
- Bolton P, Contract Theory Mit Press 2005
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| Module pre-requisites | Only available to MRes Economics PhD pathway students |
| Module co-requisites | None |
| NQF level (module) | 7 |
| Available as distance learning? | No |
| Origin date | 24/06/2019 |
| Last revision date | 24/06/2019 |
