Department of Economics & International Development, Unit Catalogue 2006/07

EC30030 Advanced microeconomics

Credits: 6

Level: Honours

Semester: 1

Assessment: EX100

Requisites:

Before taking this unit you must take EC20010 and take EC20147

Aims: The aim of this unit is to build on intermediate microeconomics and to introduce some of the theory that underlies much of the more recent academic research.
Learning Outcomes:
The learning outcomes of the course unit are that on completion students will have acquired an:
* understanding of the scope of modern microeconomics and its applications;
* ability to read and understand current literature in microeconomics;
* ability to use advanced microeconomics concepts in analysing specific issues.
Skills:
The following are facilities and assessed: Abstract reasoning; information synthesis; diagrammatic skills; writing skills; numeracy skills.
Content:
The unit will focus on two interrelated issues vis. the theory of games and the economics of information. Topics will include Game theory, oligopoly theory; bargaining; asymmetric information and uncertainty; signalling and screening.
Key texts:
* Gravelle, H. and H Rees. (1992). Microeconomics.
* Hirshleifer, J. and J. G. Riley. (1992). The Analaytics of Uncertainty and Information.
* I. Molho (1997). The Economics of Information.
* Krepps, D. (1991), A Course in Microeconomic Theory.
* Rasmusen, E. (1996). Games and Information.

University | Catalogues for 2006/07