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ECON3201: ADVANCED MICROECONOMIC THEORY

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Type	Tied
Level	3
Credits	20
Availability	Available in 2024/2025
Module Cap
Location	Durham
Department	Economics

Prerequisites

For the academic year 2024/2025: Microeconomics (ECON2021) OR Economic Theory (ECON2291). For the academic year 2025/2026 onwards: Microeconomics (ECON2021)

Corequisites

None.

Excluded Combinations of Modules

None.

Aims

To develop knowledge and analytical skills in advanced microeconomic theory, by building on the second-year microeconomics module.
To offer students the opportunity to develop some key skills.

Content

Topics, reflecting the current state of the field, may include:
Consumer & Producer Theory
Decision making under risk and uncertainty
Incentives theory
Contest theory
General equilibrium
Welfare economics.

Learning Outcomes

Subject-specific Knowledge:

At the end of the module the students should:
be able to understand research contributions in microeconomics (journal publications).
have a deep understanding of some advanced theoretical models in microeconomics.

Subject-specific Skills:

be able to solve microeconomic problems at an advanced level.

Key Skills:

Written Communication - through summative assessment.
Planning, Organisation and Time Management - e.g. by revising relevant material and preparing for examinations.
Problem Solving and Analysis - e.g. by applying the necessary analytical and quantitative skills, as well as the ability to manipulate concepts in microeconomics, in undertaking assessed work.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

Teaching is by lectures and workshops. Learning takes place through attendance at lectures, preparation for and participation in workshops, and private study. Formative assessment to help prepare for the examamination. Summative assessment is an on-person examination.

Teaching Methods and Learning Hours

Activity	Number	Frequency	Duration	Total	Monitored
Revision Lectures	2	2 in term 3	1 hour	2
Workshops	16	8 in term 1, 8 in term 2	2 hours	32	Yes
Preparation and Reading				166
Total				200

Summative Assessment

Component: Examination		Component Weighting: 100%
Element	Length / Duration	Element Weighting	Resit Opportunity
One in-person written examination	2 hours	100	Same

Formative Assessment

One written piece of work to prepare students for the summative examination.

More information

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