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ES30025: Advanced microeconomics

Follow this link for further information on academic years Academic Year: 2013/4
Further information on owning departmentsOwning Department/School: Department of Economics
Further information on credits Credits: 6
Further information on unit levels Level: Honours (FHEQ level 6)
Further information on teaching periods Period: Semester 1
Further information on unit assessment Assessment: CW 20%, EX 80%
Further information on supplementary assessment Supplementary Assessment: Reassessment not allowed
Further information on requisites Requisites: Before taking this unit you must take ES20011 and take ES20012
Further information on descriptions Description: 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.

The following are facilitated and assessed: abstract reasoning; information synthesis; diagrammatic skills; writing skills; numeracy skills.

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.
Further information on programme availabilityProgramme availability:

ES30025 is Compulsory on the following programmes:

Department of Economics
  • UHES-AFB03 : BSc (hons) Economics (Full-time) - Year 3
  • UHES-AKB03 : BSc (hons) Economics (Full-time with Thick Sandwich Placement) - Year 4

ES30025 is Optional on the following programmes:

Department of Economics
  • UHES-AFB02 : BSc (hons) Economics and International Development (Full-time) - Year 3
  • UHES-AKB02 : BSc (hons) Economics and International Development (Full-time with Thick Sandwich Placement) - Year 4
  • UHES-AFB01 : BSc (hons) Economics and Politics (Full-time) - Year 3
  • UHES-AKB01 : BSc (hons) Economics and Politics (Full-time with Thick Sandwich Placement) - Year 4

* This unit catalogue is applicable for the 2013/4 academic year only. Students continuing their studies into 2014/15 and beyond should not assume that this unit will be available in future years in the format displayed here for 2013/14.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.