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Module Title LM Microeconomics
SchoolBirmingham Business School
Department Birmingham Business School
Module Code 08 06723
Module Lead Dr Siddhartha Bandyopadhyay
Level Masters Level
Credits 20
Semester Full Term
Pre-requisites
Co-requisites
Restrictions none
Contact Hours Lecture-0 hours
Seminar-0 hours
Tutorial-0 hours
Project supervision-0 hours
Demonstration-0 hours
Practical Classes and workshops-0 hours
Supervised time in studio/workshop-0 hours
Fieldwork-0 hours
External Visits-0 hours
Work based learning-0 hours
Guided independent study-0 hours
Placement-0 hours
Year Abroad-0 hours
Exclusions none
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 the student 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 06723-01 : Exercise 1 - SB : Coursework (20%)
06723-04 : Exercise 2 - GB : Coursework (20%)
06723-10 : Exam : Exam (Centrally Timetabled) - Written Unseen (60%)
Assessment Methods & Exceptions 2 hr written examination 60%, 1 hr test in January 20%, 2 x problem solving exercises 20% Reassessment: 2 hr examination (100%)
Other none
Reading List Mas-Collel A, Whinston M D & Green J R. Microeconomic Theory. OUP, 1995