Department of Economics & International Development, Unit Catalogue 2007/08 |
EC30030 Advanced microeconomics |
| Credits: 6 |
| Level: Honours |
| Semester: 1 |
| Assessment: EX 100% |
| 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 facilitated 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; bargaining; asymmetric information and uncertainty; signalling and screening. Key texts: Gravelle, H. and H Rees. (2004). 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. |