Course Details in

Module Title	LM Microeconomics
School	Birmingham Business School
Department	Birmingham Business School
Module Code	07 28059
Module Lead	Ufuk Gunes Bebek
Level	Masters Level
Credits	20
Semester	Semester 1
Pre-requisites
Co-requisites
Restrictions	None
Exclusions
Description	Adopting a formal (i.e. mathematical) approach, the module deals with the foundations of economics, examining the behaviour of the two most basic agents of the economy, the consumer and the firm, their interaction in markets, and social decisions. The module emphasises the formal derivation of results and problem solving. The main theoretical devices employed are optimization theory and elements of game theory, while mathematical techniques with which students are unfamiliar will be explained during the module.
Learning Outcomes	By the end of the module students should be able to:demonstrate an in-depth understanding of advanced microeconomic principles, theories and methods of analysis;apply analytical methods to solve and interpret complex economic problems, for example choice and uncertainty;critically evaluate the use of microeconomic concepts and methods to analyse and interpret real-world microeconomic phenomena.
Assessment	28059-01 : 2 hour written exam : Exam (Centrally Timetabled) - Written Unseen (50%) 28059-02 : Problem Set : Coursework (50%)
Assessment Methods & Exceptions	Assessments: 2 hour written examination (50%); One problem set (50%) Reassessment: 2 hour examination (100%)
Other
Reading List