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ECON3201: ADVANCED MICROECONOMIC THEORY

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Type Open
Level 3
Credits 20
Availability Available in 2023/24
Module Cap
Location Durham
Department Economics

Prerequisites

  • Microeconomics (ECON2021) OR Economic Theory (ECON2291)

Corequisites

  • None.

Excluded Combinations of Modules

  • None.

Aims

  • To develop knowledge and analytical skills in advanced microeconomic theory, by building on the second-year microeconomics module.
  • To offer students the opportunity to develop some key skills.

Content

  • Topics, reflecting the current state of the field, may include:
  • Consumer & Producer
  • Theory
  • Decision making under risk and uncertainty
  • Incentives theory
  • Contest theory
  • General equilibrium
  • Welfare economics.

Learning Outcomes

Subject-specific Knowledge:

  • At the end of the module the students should:
  • be able to understand research contributions in microeconomics (journal publications).
  • have a deep understanding of some advanced theoretical models in microeconomics.

Subject-specific Skills:

  • be able to solve microeconomic problems at an advanced level.

Key Skills:

  • Written Communication - through summative assessment.
  • Planning, Organisation and Time Management - e.g. by revising relevant material and preparing for examinations.
  • Problem Solving and Analysis - e.g. by applying the necessary analytical and quantitative skills, as well as the ability to manipulate concepts in microeconomics, in undertaking assessed work.

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

  • Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminar classes, and private study. Formative assessment to help prepare for summative exam. Summative assessment is an online examination.

Teaching Methods and Learning Hours

ActivityNumberFrequencyDurationTotalMonitored
Lectures201 Per Week1 Hour20 
Revision Lectures22 in term 31 hour2 
Seminars84 in term 1, 4 in term 21 Hour8Yes
Preparation and Reading170 
Total200 

Summative Assessment

Component: ExaminationComponent Weighting: 100%
ElementLength / DurationElement WeightingResit Opportunity
One written online examination2 hours, 3,000 words max100Same

Formative Assessment

One written piece of work to prepare students for the summative exam.

More information

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