EC4025: ADVANCED MICROECONOMICS (2021-2022)

Last modified: 31 May 2022 13:05

Course Overview

This course develops mathematical methods for analyzing economic decisions and equilibrium behaviour at an advanced undergraduate level. One of the goals is to help prepare students for postgraduate work in economics. A good understanding of the methods studied in EC2003 and EC3023 is essential, since the course builds on and extends the mathematical and analytical skills developed in these courses to examine in a more rigorous way several key areas in microeconomics such as individual consumer and firm choices, decision-making under uncertainty, and applications of game theory.

Course Details

Study Type	Undergraduate	Level	4
Term	First Term	Credit Points	30 credits (15 ECTS credits)
Campus	Aberdeen	Sustained Study	No
Co-ordinators	Dr Mauro Papi

Qualification Prerequisites

Programme Level 4

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

EC2003 Intermediate Microeconomics (Passed)
EC3023 Mathematical and Statistical Methods in Economics (Passed)
Any Undergraduate Programme (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

This course examines a number of important topics in microeconomics in greater depth than the microeconomics course at level two. In the first part of the course both the consumer's and producer's problem are examined using a number of analytical tools developed in EC 3001. The second part of the course considers market structure and general equilibrium theory in more detail. The third section focuses on the economics of uncertainty and 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

Alternative Assessment

(25% each) 2x Online Tests comprising a mix of MCQ, True/False, Problem-Set questions.

(50%) Alternative Assessment, comprising a mix of problem-set and short-answer questions (500 words).

Alternative Resit Assessment

Resit: An alternative assessment (100%) comprising a mix of problem-set and short-answer questions (500 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.