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ES52071: Microeconomics for finance

[Page last updated: 14 August 2024]

Academic Year: 2024/25
Owning Department/School: Department of Economics
Credits: 5 [equivalent to 10 CATS credits]
Notional Study Hours: 100
Level: Masters UG & PG (FHEQ level 7)
Period:
Semester 1
Assessment Summary: CWES 30%, EXCB 70%
Assessment Detail:
  • Take-home coursework (CWES 30%)
  • Unseen examination (EXCB 70%)
Supplementary Assessment:
ES52071 Reassessment examination (where allowed by programme regulations)
Requisites:
Learning Outcomes: Apply mathematical modelling to decision problems Assess the role of competition, asymmetric information, conflicting interests for market or agency outcomes Appreciate assumptions of economic models when applied to practical problems


Synopsis: Gain advanced knowledge of the theory and techniques of microeconomic analysis to help you prepare for the specialised study of economics. You'll learn how to present decision-making situation and strategic interactions as mathematical problems, and how to solve those problems. You'll also: - explore the role of information in different situations and strategic interactions - develop your understanding of theoretical benchmarks for comparative analysis and practical comparisons

Content: Individual Decision-Making: Preference and Choice, Choice under Uncertainty Information Economics: Adverse Selection, Market Failure, Signalling, Screening, Agency Theory Competitive and Monopolistic Markets, Oligopoly

Course availability:

ES52071 is Compulsory on the following courses:

Department of Economics

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.