Unit information: Intermediate Microeconomics in 2021/22

Unit name	Intermediate Microeconomics
Unit code	EFIM20033
Credit points	20
Level of study	I/5
Teaching block(s)	Teaching Block 4 (weeks 1-24)
Unit director	Dr. Tsur
Open unit status	Not open
Pre-requisites	EFIM10025 Economics 1 EFIM10027 Economics 2
Co-requisites	None
School/department	School of Economics
Faculty	Faculty of Social Sciences and Law

Description including Unit Aims

The course develops microeconomic theory at an intermediate level. It cover the fundamental concepts in game theory and its economic applications, including the impact of asymmetric information, adverse selection and moral hazard as well as uncertainty and strategic interaction.

Intended Learning Outcomes

1. Formalize an economic problem using the models presented and use the models to undertake analyses.
2. Demonstrate a good understanding of a variety of static and dynamic games, and demonstrate an understanding of the importance of information and beliefs.
3. Understand the implications of uncertainty and asymmetric information in a variety of economic settings

Teaching Information

Teaching will be delivered through a combination of synchronous and asynchronous sessions such as online teaching for large and small group, face-to-face small group classes (where possible) and interactive learning activities

Assessment Information

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MCQ (15%) Assesses all learning outcomes.

Coursework portfolio. Best 6 out of 8 MCQs(15%) Assesses all learning outcomes.

Exam (2 hours) (70%) Assesses all learning outcomes.

Resources

If this unit has a Resource List, you will normally find a link to it in the Blackboard area for the unit. Sometimes there will be a separate link for each weekly topic.

If you are unable to access a list through Blackboard, you can also find it via the Resource Lists homepage. Search for the list by the unit name or code (e.g. EFIM20033).

How much time the unit requires
Each credit equates to 10 hours of total student input. For example a 20 credit unit will take you 200 hours of study to complete. Your total learning time is made up of contact time, directed learning tasks, independent learning and assessment activity.

See the Faculty workload statement relating to this unit for more information.

Assessment
The Board of Examiners will consider all cases where students have failed or not completed the assessments required for credit. The Board considers each student's outcomes across all the units which contribute to each year's programme of study. If you have self-certificated your absence from an assessment, you will normally be required to complete it the next time it runs (this is usually in the next assessment period).
The Board of Examiners will take into account any extenuating circumstances and operates within the Regulations and Code of Practice for Taught Programmes.