Unit information: Intermediate Microeconomics in 2020/21

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. De Magalhaes
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 considers the impact of asymmetric information, adverse selection and moral hazard as well as uncertainty and strategic interaction including Bayesian games.

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

Summative coursework (12.5%)

one x best 3 out of 6 problem sets (12.5%)

Online exam (75%)

Reading and References

J. Perloff, Microeconomics. Pearson.

R. Gibbons, A Primer in Game Theory, Prentice Hall.

F. Cowell, Microeconomics, Oxford University Press.

Game Theory an Introduction by Steven Tadelis; and Microeconomics: Competition, Conflict, & Coordination by Samuel Bowles & Simon Halliday.