ES22014: Microeconomics 2
[Page last updated: 03 June 2024]
| Academic Year: | 2024/25 |
| Owning Department/School: | Department of Economics |
| Credits: | 10 [equivalent to 20 CATS credits] |
| Notional Study Hours: | 200 |
| Level: | Intermediate (FHEQ level 5) |
| Period: |
- Semester 2
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| Assessment Summary: | EXCB 100% |
| Assessment Detail: |
- Closed-book written examination (EXCB 100%)
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| Supplementary Assessment: |
- Like-for-like reassessment (where allowed by programme regulations)
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| Requisites: |
Before taking this module you must take ES12001
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| Learning Outcomes: |
By the end of this unit students will be able to:
- Understand and analyse models of dynamic games and performing related equilibrium analysis
- Understand and evaluate different market structures, paying particular attention to the appropriate assumptions for the market structure under consideration
- Identify the concepts and theories relevant to the situation under consideration
- Analyse a model by employing systematic line of reasoning and draw meaningful conclusions
- Critically evaluate a model, especially the key assumptions, in light of the conclusions
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| Synopsis: | Explore key conceptual and theoretical frameworks for analysing different market structures, such as competitive equilibrium in exchange economies, markets with externalities, imperfect competition, and markets with asymmetric information.
Youll study formal game theoretic tools to model and analyse strategic interactions between individuals or economic entities in sequential settings with an extended time horizon and complete information (such as in sequential market entry by competing firms).
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| Content: | Dynamic games, pure exchange economy, externalities and public goods, homogeneous good monopoly, homogeneous good oligopoly, asymmetric information
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| Course availability: |
ES22014 is Compulsory on the following courses:
Department of Economics
- UHES-AFB10 : BSc(Hons) Economics (Year 2)
- UHES-AFB12 : BSc(Hons) Economics and Mathematics (Year 2)
- UHES-AKB12 : BSc(Hons) Economics and Mathematics with professional placement (Year 2)
- UHES-AKB12 : BSc(Hons) Economics and Mathematics with professional placement and study abroad (Year 2)
- UHES-AKB12 : BSc(Hons) Economics and Mathematics with study abroad (Year 2)
- UHES-AFB11 : BSc(Hons) Economics with Politics (Year 2)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement (Year 2)
- UHES-AKB11 : BSc(Hons) Economics with Politics with professional placement and study abroad (Year 2)
- UHES-AKB11 : BSc(Hons) Economics with Politics with study abroad (Year 2)
- UHES-AKB10 : BSc(Hons) Economics with professional placement (Year 2)
- UHES-AKB10 : BSc(Hons) Economics with professional placement and study abroad (Year 2)
- UHES-AKB10 : BSc(Hons) Economics with study abroad (Year 2)
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Notes: - This unit catalogue is applicable for the 2024/25 academic year only. Students continuing their studies into 2025/26 and beyond should not assume that this unit will be available in future years in the format displayed here for 2024/25.
- Courses and units are subject to change in accordance with normal University procedures.
- Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.
- Find out more about these and other important University terms and conditions here.
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