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 Academic Year: | 2016/7 |
| Owning Department/School: | Department of Economics |
| Credits: | 6 [equivalent to 12 CATS credits] |
| Notional Study Hours: | 120 |
| Level: | Honours (FHEQ level 6) |
| Period: |
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| Assessment Summary: | CW 20%, EX 80% |
| Assessment Detail: |
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| Supplementary Assessment: |
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| Requisites: | Before taking this module you must take ES20011 AND take ES20012 |
| Description:
| Aims: To build on intermediate microeconomics and to introduce some of the theory that underlies much of the more recent academic research. Learning Outcomes: On completion students will have acquired an: * understanding of the scope of modern microeconomics and its applications; * ability to read and understand current literature in microeconomics; * ability to use advance microeconomics concepts in analysing specific issues. Skills: The following are facilitated and assessed: abstract reasoning; information synthesis; diagrammatic skills; writing skills; numeracy skills. Content: The unit builds on key tools and concepts covered in Intermediate Microeconomics. It extends the analysis in three different directions. The first set of topics examines how market outcomes are affected when agents lack full information. Some of the key topics in the economics of information like screening and signalling will be covered. The second set revisits the theories of the firm to examine the internal structure of the firm and the nature of the firm-market boundaries. The third set introduces various non-price mechanisms like matching and bargaining. |
| Programme availability: |
ES30025 is Compulsory on the following programmes:Department of Economics
ES30025 is Optional on the following programmes:Department of Economics
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Notes:
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