Microeconomics

Learning Outcomes

Knowledge and Understanding

Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:

• theoretical and mathematical methods of microeconomic analysis
• research methods in microeconomics

Transferable and Generic Skills

Having successfully completed this module you will be able to:

• apply logical analysis to assumption-based models and make use of inductive reasoning

Subject Specific Intellectual and Research Skills

Having successfully completed this module you will be able to:

• recognise the role of assumptions in formulating models and deriving predictions
• formulate and manipulate models to address a variety of economic problems and questions
• use formal logical reasoning to address economic questions

The material is structured around the following two main topics:

General Equilibrium Theory: Foundations of Walrasian equilibrium; normative and positive Aspects of General Equilibrium Theory; Some applications;.

Game Theory: Static and dynamic games of complete information; foundations of Nash equilibrium; games with incomplete information.

Lectures and masterclasses

Summative

This is how we’ll formally assess what you have learned in this module.

Referral

This is how we’ll assess you if you don’t meet the criteria to pass this module.

Repeat

An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.