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Programme & Unit Catalogues

ES50094: Advanced economic theory

[Page last updated: 02 August 2022]

Academic Year: 2022/23
Owning Department/School: Department of Economics
Credits: 6 [equivalent to 12 CATS credits]
Notional Study Hours: 120
Level: Masters UG & PG (FHEQ level 7)
Semester 2
Assessment Summary: EX 100%
Assessment Detail:
  • Exam (EX 100%)
Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
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.

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.

Skills: 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.

Content: Evolutionary game theory
Mechanism design
Dynamic games.

Programme availability:

ES50094 is Compulsory on the following programmes:

Department of Economics

ES50094 is Optional on the following programmes:

Department of Economics


  • This unit catalogue is applicable for the 2022/23 academic year only. Students continuing their studies into 2023/24 and beyond should not assume that this unit will be available in future years in the format displayed here for 2022/23.
  • Programmes and units are subject to change in accordance with normal University procedures.
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