ÒÁÈËÖ±²¥app
ECM602-Advanced Microeconomic Analysis
Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Level:7
Terms in which taught: Autumn term module
Pre-requisites:
Non-modular pre-requisites: A knowledge of intermediate microeconomics
Co-requisites:
Modules excluded:
Current from: 2021/2
Module Convenor: Dr Joo Young Jeon
Email: j.jeon@reading.ac.uk
Type of module:
Summary module description:
The module examines topics in microeconomics in an advanced manner incorporating mathematics. Topics will include consumer theory, production theory, general equilibrium and welfare, game theory, decision making under risk (expected utility theory), and behavioural economics. Further potential topics may include market failure and interactions under asymmetric information.
Aims:
To provide students with an advanced exposure to topics in microeconomics.
Assessable learning outcomes:
At the end of the module students should be able to:
- Critically assess microeconomic concepts and principles;
- Evaluate whether the empirical evidence supports the theoretical predictions;
- Appreciate theoretical concepts and the circumstances in which they apply.
Additional outcomes:
Problem sets and articles for discussion will be provided during the module. These will provide an opportunity for students to develop their analytical and problem-solving skills, as well as their ability to understand technical articles and apply theoretical knowledge to real-world situations.Ìý
Outline content:
Consumer theory, production theory, general equilibrium and welfare, game theory, decision making under risk (expected utility theory), and behavioural economics. Further potential topics may include market failure and interactions under asymmetric information.Ìý
Brief description of teaching and learning methods:
Detailed guidance on the topics covered will be provided in the weekly lectures, together with lecture slides and exercises to facilitate understanding of key concepts. Students will be expected to supplement the lectures with the recommended reading of articles and book chapters and to do some research using the library, internet or other resources. Office hours are available for students to consult the lecturer on an individual basis.
Ìý | Autumn | Spring | Summer |
Lectures | 20 | 2 | |
Guided independent study: | Ìý | Ìý | Ìý |
Ìý Ìý Other | 148 | 30 | |
Ìý | Ìý | Ìý | Ìý |
Total hours by term | 168 | 2 | 30 |
Ìý | Ìý | Ìý | Ìý |
Total hours for module | 200 |
Method | Percentage |
Written exam | 60 |
Set exercise | 20 |
Class test administered by School | 20 |
Summative assessment- Examinations:
One 2-hour unseen written paper.
Postgraduate examinations are held in the summer term.Ìý
Summative assessment- Coursework and in-class tests:
Coursework will count for 40% of the overall mark and comprise of a test and a problem set.
Formative assessment methods:
Penalties for late submission:
The below information applies to students on taught programmes except those on Postgraduate Flexible programmes. Penalties for late submission, and the associated procedures, which apply to Postgraduate Flexible programmes are specified in the policy 􀀓Penalties for late submission for Postgraduate Flexible programmes􀀔, which can be found here: