Topics in Microeconomic Theory II
| Module title | Topics in Microeconomic Theory II |
|---|---|
| Module code | BEEM147 |
| Academic year | 2024/5 |
| Credits | 15 |
| Module staff | Dr Alejandro Robinson Cortes (Convenor) |
| Duration: Term | 1 | 2 | 3 |
|---|---|---|---|
| Duration: Weeks | 11 |
| Number students taking module (anticipated) | 5 |
|---|
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. understand 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. continue to 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
Object-allocation problems:
- House allocation and housing markets
- Kidney exchange
- Random allocations
Two-sided matching:
- Marriage market
- The medical match
- School choice
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 |
|---|---|---|
| Scheduled Learning and Teaching | 33 | Lectures (3 per week) |
| Guided Independent Study | 117 | Reading, research, reflection; preparation for lectures; completion of assessments |
Formative assessment
| Form of assessment | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|
| Practice Problems | Varies | 1-6 | Verbal/Written |
Summative assessment (% of credit)
| Coursework | Written exams | Practical exams |
|---|---|---|
| 100 | 0 | 0 |
Details of summative assessment
| Form of assessment | % of credit | Size of the assessment (eg length / duration) | ILOs assessed | Feedback method |
|---|---|---|---|---|
| Research Proposal | 40 | 3,000 words | 1-6 | Verbal/Written |
| 4 Problem Sets* | 20 | 5-10 Problems each | 1-6 | Verbal/Written |
| Presentation 1 | 20 | 30 min 1 hour | 1-6 | Verbal/Written |
| Presentation 2 | 20 | 30 min 1 hour | 1-6 | Verbal/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 |
|---|---|---|---|
| Research Proposal (40%) | Proposal (3,000 words, 40%) | 1-6 | Referral/Deferral period |
| Problem Sets (20%) | Problem set (5-10 problems, 20%) | 1-6 | Referral/Deferral period |
| Presentation 1 (20%) | Presentation 1 (20%) | 1-6 | Referral/Deferral period |
| Presentation 2 (20%) | Presentation 2 (20%) | 1-6 | Referral/Deferral period |
Re-assessment notes
*Deferral of an individual online test may result in an average being taken of tests that have been taken.
Deferral- if you have been deferred for an assessment, you will be expected to complete relevant deferred assessments as determined by the Mitigation Committee. The mark given for reassessment taken because of deferral will not be capped and will be treated as if it were your first attempt at the assessment.
Referral- if you have failed the module overall, you will be required to undertake reassessments as described in the table above for any of the original assessments you failed. The mark given for a reassessment taken because of referral will be capped.
Indicative learning resources - Basic reading
Haeringer, G., Market Design MIT Press 2018.
Roth, A. E. and Sotomayor, M. A., Two-Sided Matching: A Study in Game-Theoretic Modeling and Analysis. Econometric Society Monographs. Cambridge University Press 1990
| Credit value | 15 |
|---|---|
| Module ECTS | 7.5 |
| Module pre-requisites | BEEM137 & BEEM140. Only available to students on the MRes Economics and MRES Economics (PHD Pathway) programmes. |
| Module co-requisites | None |
| NQF level (module) | 7 |
| Available as distance learning? | No |
| Origin date | 24/06/2019 |
| Last revision date | 13/03/2024 |
