ECON42250 Topics in Advanced Microeconomics

Academic Year 2020/2021

This module focuses on game theory, contract theory and auctions. In the first topic we analyze non-cooperative equilibrium considering different games. Then, we analyze economic situations where there is an asymmetry of information between players such as moral hazard or adverse selection. Finally, we consider bidding behavior in different types of auctions.

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Curricular information is subject to change

Learning Outcomes:

The students will be able to model situations involving conflicts of interest between players. They will be able to identify the source of any information asymmetry. Finally they should understand the economic implications created in such situations and propose a solution that best addresses the issue.

Student Effort Hours: 
Student Effort Type Hours
Lectures

24
Autonomous Student Learning

150
Total

174
Approaches to Teaching and Learning:
This course combines lectures on theory with detailed problem-based tutorials that allow students to work in detail on the material both to understand it more fully and in preparation for the test and exam. 
Requirements, Exclusions and Recommendations
Learning Requirements:

This module relies heavily on quantitative techniques and assumes that students are familiar with basic algebra.

Learning Recommendations:

Students must have completed Microeconomics I in semester one.


Module Requisites and Incompatibles
Not applicable to this module.
 
Assessment Strategy  
Description Timing Open Book Exam Component Scale Must Pass Component % of Final Grade
Assignment: Homework Week 6 n/a Graded No

40
Examination: Final examination 2 hour End of Trimester Exam No Graded No

60

Carry forward of passed components
No
 
Resit In Terminal Exam
Summer Yes - 2 Hour
Please see Student Jargon Buster for more information about remediation types and timing. 
Feedback Strategy/Strategies

• Feedback individually to students, on an activity or draft prior to summative assessment
• Feedback individually to students, post-assessment
• Group/class feedback, post-assessment

How will my Feedback be Delivered?

Students will be provided both individual and group feedback on their mid-term examinations with detailed advice on how to correct any deficiencies for the final exam.