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2010/1 Module Catalogue
 Module Code: ECOM020 Module Title: MICROECONOMICS
Module Provider: Economics Short Name: EC601A
Level: M Module Co-ordinator: LOMBARDI M Dr (Economics)
Number of credits: 15 Number of ECTS credits: 7.5
Module Availability


Assessment Pattern
Unit(s) of Assessment

Weighting Towards Module Mark %

2 Hour Examination




Qualifying Condition(s)
A weighted aggregated mark of 50% is required to pass the module
Module Overview

The module examines how agents and firms behave in a formal framework with strict assumptions. This will demonstrate the art of formal modeling which requires simplifying a problem by identifying the key elements of an agent's behaviour without trivializing the issue. Thinking in a structured framework and the importance of rigorous arguments will be highlighted



Module Aims

This module aims to familiarise students with advanced conceptual and appropriate mathematical tools in microeconomics theory.

Learning Outcomes

By the end of the module the student will

  • Be able to explain and discuss core principles in microeconomic theory
  • Be able to use key mathematical techniques common in micreconomic theory
  • Have experience in applying these techniques to economic problems
  • Have been exposed to some of the strengths and weaknesses of using formal methods to analyse economic problems and
  • Have sufficient familiarity with the above tools and principles that they can begin to follow articles in leading economics journals







Module Content

  • The theory of consumer choice
  • General equilibrium and the fundamental welfare theorems
  • Asymmetric information - adverse selection
  • Game theory (basic solution concepts)
  • Game theory applications   



  • Methods of Teaching/Learning

    Lectures (20 hrs), Tutorials (10 hrs)

    Selected Texts/Journals
    Varian, H. (1992) Microeconomic Analysis, Norton, London 3rd edition
    Laffont, J. J., and Martimort, D (2002) The Theory of Incentives: The Principle-Agent Model, Princeton University Press.


    Last Updated

    28 September 2010