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ES50094: Advanced economic theory

Follow this link for further information on academic years Academic Year: 2019/0
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: EX-OB 100%*
Further information on unit assessment Assessment Detail:
  • Open book, 72 or more hours take-home exam* (EX-OB 100%)

*Assessment updated due to Covid-19 disruptions
Further information on supplementary assessment Supplementary Assessment:
ES50094 Reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
This unit aims to familiarise students with advanced tools in microeconomic theory and to enable students to apply these analytical tools to understand the mechanisms which generate economic data and the development and conduct of public policy. The appreciation of the analytical clarity will help the students to identify the important elements of the economic problems they are dealing with using the merited degree of complexity.

Learning Outcomes:
At the end of the unit students should:
* Be able to understand different ways of modelling microeconomic phenomena.
* Be able to understand the difference incentives faced by agents in a variety of situations.
* Be able to understand advanced economic theory papers and their applications.

Ability to develop logically rigorous arguments.
Ability to use effectively mathematical and statistical techniques to construct and interpret economic models.
Ability to think critically on the suitability of economic models.

Evolutionary game theory
Mechanism design
Dynamic games.
Further information on programme availabilityProgramme availability:

ES50094 is Compulsory on the following programmes:

Department of Economics

ES50094 is Optional on the following programmes:

Department of Economics