Topics in Microeconomic Theory II

Module description

This is a topics course in advanced microeconomic theory. The course will cover topics in advanced microeconomics with emphasis on fundamentals, existing theoretical tools, constructing new theory for empirical analysis and applications to recent theoretical advances.

Assessment note: Deferral of an individual online test may result in an average being taken of tests that have been taken

Full module specification

Module title:	Topics in Microeconomic Theory II
Module code:	BEEM147
Module level:	M
Academic year:	2023/4
Module lecturers:	Dr Alejandro Robinson Cortes - Convenor
Module credit:	15
ECTS value:	7.5
Pre-requisites:	BEEM137 & BEEM140. Only available to students on the MRes Economics and MRES Economics (PHD Pathway) programmes.
Co-requisites:	None
Duration of module:	Duration (weeks) - term 2: 11

Module aims

The module explores burgeoning areas of modern microeconomics, with the aim of enabling students to write independent research in microeconomics at the research frontier.

ILO: Module-specific skills

1. Provide technical analysis and address complex questions at the frontier of microeconomic research.
2. Understand economic problems, provide mathematical representation and solution to the problem

ILO: Discipline-specific skills

3. demonstrate self-direction and originality in tackling and solving microeconomics problems.
4. advance their knowledge and understanding, and to develop new skills to a high level.

ILO: Personal and key skills

5. identify, tackle and solve relevant research problems
6. work independently and responsibly on complex research problems.

Learning activities and teaching methods (given in hours of study time)

Scheduled Learning and Teaching Activities	Guided independent study	Placement / study abroad
33	117	0

Details of learning activities and teaching methods

Category	Hours of study time	Description
Scheduled Learning and Teaching	33	Lectures (3 per week)
Guided Independent Study	117	Reading, research, reflection; preparation for lectures; completion of assessments

Formative assessment

Form of assessment	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Practice Problems	Varies	1-6	Verbal/Written

Summative assessment (% of credit)

Coursework	Written exams	Practical exams
80	20	0

Details of summative assessment

Form of assessment	% of credit	Size of the assessment (eg length / duration)	ILOs assessed	Feedback method
Research Proposal	40	3,000 words	1-6	Verbal/Written
4 Problem Sets*	20	5-10 Problems each	1-6	Verbal/Written
Presentation 1	20	30 min 1 hour	1-6	Verbal/Written
Presentation 2	20	30 min 1 hour	1-6	Verbal/Written
	0
	0

Details of re-assessment (where required by referral or deferral)

Original form of assessment	Form of re-assessment	ILOs re-assessed	Timescale for re-assessment
Research Proposal (40%)	Proposal (3,000 words, 40%)	1-6	August/September Reassessment Period
Problem Sets (20%)	Problem set (5-10 problems, 20%)	1-6	August/September Reassessment Period
Presentation 1 (20%)	Presentation 1 (20%)	1-6	August/September Reassessment Period
Presentation 2 (20%)	Presentation 2 (20%)	1-6	August/September Reassessment Period

Re-assessment notes

*Deferral of an individual online test may result in an average being taken of tests that have been taken

Syllabus plan

Object-allocation problems:

House allocation and housing markets
Kidney exchange
Random allocations

Two-sided matching:

Marriage market
The medical match
School choice

Indicative learning resources - Basic reading

Haeringer, G., Market Design MIT Press 2018.

Roth, A. E. and Sotomayor, M. A., Two-Sided Matching: A Study in Game-Theoretic Modeling and Analysis. Econometric Society Monographs. Cambridge University Press 1990

Module has an active ELE page?

Yes

Origin date

24/06/2019

Last revision date

26/08/2022