Module

Topics in Microeconomic Theory I

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.

Full module specification

Module title:Topics in Microeconomic Theory I
Module code:BEEM144
Module level:M
Academic year:2020/1
Module lecturers:
Module credit:15
ECTS value:

7.5

Pre-requisites:

Only available to MRes Economics PhD pathway students

Co-requisites:

None

Duration of module: Duration (weeks) - term 1:

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. evaluate 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 ActivitiesGuided independent studyPlacement / study abroad
331170

Details of learning activities and teaching methods

CategoryHours of study timeDescription
Schedules learning and teaching33 (3 per week)Lectures
Independent Study117Independent study

Formative assessment

Form of assessmentSize of the assessment (eg length / duration)ILOs assessedFeedback method
Practice ProblemsVaries1-6Oral/Written

Summative assessment (% of credit)

CourseworkWritten examsPractical exams
45550

Details of summative assessment

Form of assessment% of creditSize of the assessment (eg length / duration)ILOs assessedFeedback method
Exam553 hours1-6Oral/Written
3 Problem Sets451-4 Problems each1-6Oral/Written

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

Original form of assessmentForm of re-assessmentILOs re-assessedTimescale for re-assessment
ExaminationExamination 55% (3 hours)1-6August examination period
Problem SetsProblem set 45% (1-4 problems)1-6August examination period

Syllabus plan

i. Individual and Multi-person Decision Theory
ii. Bargaining
iii. Contract theory
iv. Mechanism Design
v. Auctions
vi. Coalition formation

Indicative learning resources - Basic reading

- Haeringer, G., Market Design Mit Press 2018.
- Muthoo, A. Bargaining Theory Cambridge Press 1999
- Gershkov, A. and Moldovanu, B. Dynamic Allocation and Pricing. Mit Press 2014
- Krishna V. Auction Theory Academic Press 2009
- Bolton P, Contract Theory Mit Press 2005

Module has an active ELE page?

Yes

Origin date

24/06/2019

Last revision date

24/06/2019