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| Module Availability |
| Spring |
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| Assessment Pattern |
| Unit(s) of Assessment |
Weighting Towards Module
Mark (%)
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| 2 hour Examination |
70
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| Coursework test 1 |
10
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| Coursework test 2 |
20
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Qualifying Condition(s)
A weighted aggregated mark of 40% is required to pass the module |
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| Module Overview |
The first semester module on Microeconomic theory focused primarily on the behaviour of perfect markets. This module considers a number of cases which break these perfect conditions and examines how agents behave in these settings
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| Prerequisites/Co-requisites |
| None |
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| Module Aims |
To promote an understanding of how agents behave when markets are limited or non-existent. To investigate a number of deviations from the perfectively competitive case. |
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| Learning Outcomes |
At the end of the module students should:-
- understand the implications of different types of market failure for standard microeconoimc analysis
- be able to solve mathematical problems under these conditions
- be able to graphically and intuitively explain the theory they learn
- be able to apply the techniques they learn to unfamiliar situations
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| Module Content |
Topics covered are likely to include:-
- welfare
- externalities
- public goods
- intertemporal choice
- behaviour under certainty
- imperfect information
- auction theory
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| Methods of Teaching/Learning |
| Lectures (11) and Workshops (5) |
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| Selected Texts/Journals |
Varian, H. Intermediate Microeconomics: A Modern Approach, 7th edition, 2006, Norton
Morgan, Katz and Rosen, Microeconomics, 2nd edition, 2009, McGraw-Hill |
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| Last Updated |
10 March 2011 |
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