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ECON44715: ADVANCED MICROECONOMICS

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Type	Tied
Level	4
Credits	15
Availability	Available in 2023/24
Module Cap
Location	Durham
Department	Economics

Prerequisites

None

Corequisites

None

Excluded Combinations of Modules

None

Aims

To develop knowledge and analytical skills in advanced microeconomic theory and its applications.

Content

Topics, reflecting the current state of the field, may include:
consumer theory;
producer theory;
decision making under risk and uncertainty;
incentives and strategic behaviour;
market equilibrium;
general equilibrium;
welfare economics.

Learning Outcomes

Subject-specific Knowledge:

be able to interpret scholarly literature in advanced microeconomics;
have had the opportunity to practice some applications of microeconomics in complex specialised contexts;
have explored, understood and appreciated the complexity and contradictions of the current relevant academic literature and be able to identify open questions for their own research.

Subject-specific Skills:

be able to apply problem-solving and analytical skills to complex issues in microeconomics.

Key Skills:

Written Communication;
Planning, Organising and Time Management;
Problem Solving and Analysis;
Using Initiative;
Numeracy;
Computer Literacy.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Lectures will present the topics in detail, give suggestions for further reading, give guidance for the problems for the seminars, and give students the necessary knowledge to read and understand the scholarly literature.
Workshops will train the students to solve analytical problems in economic theory, as well as giving students opportunity to identify research questions. The written exam will test students' ability to solve advance analytical problems in microeconomic theory.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total	Monitored
Lectures	10	1 per week	2 hour	20
Revision Lecture	1		2 hour	2
Workshops	8	Weekly	1 hour	8	Yes
Preparation & Reading				120
Total				150

Summative Assessment

Component: Examination		Component Weighting: 100%
Element	Length / Duration	Element Weighting	Resit Opportunity
One in-person written examination	2 hours	100	Same

Formative Assessment

One formative assignment will be assessed. This will be a set of analytical problems.

More information

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