BU5061: ECONOMIC ANALYSIS (2020-2021)

Last modified: 05 Aug 2021 13:04

Course Overview

The course will cover the main elements of Microeconomic Theory. Consumer theory will be examined by discussing how consumers choose under the constraint of a budget to generate demands. This theory will then be extended to include choice under uncertainty and intertemporal choice. Some basic elements of competitive markets will also be presented. Producer theory will be examined to understand how firms decide the quantity to be produced under the constraint of a technology. Other relevant topics, such as public goods, externalities, and auctions, will be covered.

Course Details

Study Type	Postgraduate	Level	5
Term	First Term	Credit Points	15 credits (7.5 ECTS credits)
Campus	Aberdeen	Sustained Study	No
Co-ordinators	Dr Mauro Papi Dr Agathe Rouaix

What courses & programmes must have been taken before this course?

Any Postgraduate Programme (Studied)
One of MRes Finance (Studied) or MSc (Econ) in Petroleum, Energy Economics and Finance (Studied) or MSc (Econ) in Finance and Investment Management (Studied) or MSc (Econ) in Finance and Investment Management (Includes Cfa Exam) (Studied) or MSc in Accounting and Finance (Studied) or MSc (Econ) in Accounting and Finance (Studied) or MSc Economics of Health (Studied)

What other courses must be taken with this course?

None.

What courses cannot be taken with this course?

None.

Are there a limited number of places available?

Course Description

An introduction to techniques of used in microeconomic modelling. Topics covered include consumer theory, theory of the firm, market structure, choice under uncertainty, and an introduction to game theory.

Contact Teaching Time

Information on contact teaching time is available from the course guide.

Teaching Breakdown

More Information about Week Numbers

Details, including assessments, may be subject to change until 30 August 2024 for 1st term courses and 20 December 2024 for 2nd term courses.

Summative Assessments

Two pieces of alternative assessments (50% each): mix of problem-set questions and short answers (250 word limit per short answer).

Alternative Resit Arrangements for students taking course in Academic Year 2020/21

Resit: An alternative assessment (100%) comprising a mix of problem-set and short-answer questions (250 words).

Formative Assessment

There are no assessments for this course.

Course Learning Outcomes

Knowledge Level	Thinking Skill	Outcome

Factual	Remember	ILO’s for this course are available in the course guide.