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ES30025: Advanced microeconomics

Follow this link for further information on academic years Academic Year: 2014/5
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 2
Further information on unit assessment Assessment Summary: CW 20%, EX 80%
Further information on unit assessment Assessment Detail:
  • Coursework (CW 20%)
  • Examination (EX 80% - Qualifying Mark: 35)
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:
To build on intermediate microeconomics and to introduce some of the theory that underlies much of the more recent academic research.

Learning Outcomes:
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 advance 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 builds on key tools and concepts covered in Intermediate Microeconomics. It extends the analysis in three different directions. The first set of topics examines how market outcomes are affected when agents lack full information. Some of the key topics in the economics of information like screening and signalling will be covered. The second set revisits the theories of the firm to examine the internal structure of the firm and the nature of the firm-market boundaries. The third set introduces various non-price mechanisms like matching and bargaining.
Key texts:
* Gravelle, H. and Rees, H. (2004) Microeconomics
* Krepps, D. (1991) A Course in Microeconomic Theory
* Cowell, F. (2006) Microeconomics
Other useful references:
* Hart, O. (1997) Firms, Contracts and Financial Structure
* Hirshleifer, J. and J. G. Riley. (1992). The Analytics of Uncertainty and Information
* Molho (1997). The Economics of Information
* Rasmusen, E. (1996). Games and Information.
Further information on programme availabilityProgramme availability:

ES30025 is Compulsory on the following programmes:

Department of Economics

ES30025 is Optional on the following programmes:

Department of Economics
  • UHES-AFB02 : BSc(Hons) Economics and International Development (Year 3)
  • UHES-AKB02 : BSc(Hons) Economics and International Development with Year long work placement (Year 4)
  • UHES-AFB01 : BSc(Hons) Economics and Politics (Year 3)
  • UHES-AKB01 : BSc(Hons) Economics and Politics with Year long work placement (Year 4)

Notes:
* This unit catalogue is applicable for the 2014/15 academic year only. Students continuing their studies into 2015/16 and beyond should not assume that this unit will be available in future years in the format displayed here for 2014/15.
* 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.