Unit information: Intermediate Microeconomics in 2019/20

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	For 2019/20: Economic Principles 1(E) and Economic Principles 2(E) For 2020/21: Economics 1 and 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

The course is taught using 36 hours of lectures and exercise lectures and 9 hours of classes.

Assessment Information

Summative Assessment:

[1] Summative Coursework: A 45min online MCQ coursework assignment (25%), which assesses all learning outcomes.

[2] A 2h final exam during the May/June exam period (75%), which assesses all learning outcomes.

Reading and References

J. Perloff, Microeconomics. Pearson.

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

F. Cowell, Microeconomics, Oxford University Press.