Year of entry: 2018
Course unit details:
Microeconomic Analysis 2
|Unit level||Level 1|
|Teaching period(s)||Semester 2|
|Offered by||School of Social Sciences|
|Available as a free choice unit?||No|
See course Blackboard pages.
|Unit title||Unit code||Requirement type||Description|
|Microeconomic Analysis 1||ECON10171||Pre-Requisite||Compulsory|
This course unit is for BA Econ, BSc Econ and PPE students only.
NOT available to students who have previously taken ECON10041/42 or ECON10081/82.
The aims of this course are: to provide a further introduction to the fundamental concepts and techniques of microeconomic analysis and expose students to a range of applications.
The objectives of this course are that students will be able to:
- Have developed a solid grasp of microeconomic theory and quantitative methods.
- Demonstrate knowledge of important areas of application.
- Analyse and use analytical models for applications.
Evaluate and critically analyse microeconomic arguments, theories and policies.
A brief overview of the syllabus/topics:
- Competitive firms and markets (perfect competition, profit maximization, short and long run competition).
- General equilibrium and economic welfare (trade only, production and trade economies, efficiency and equity).
- Monopoly (profit maximization, market power and welfare, regulation).
- Pricing (price discrimination, bundling, advertising).
- Game theory (static games, dynamic games, examples and applications).
Oligopoly models (Cournot models, Bertrand models, monopolistic competition).
Teaching and learning methods
Lectures and tutorial/exercise classes; independent study; group learning, and online learning.
- Analytical skills
- Synthesis and evaluation of data.
- Problem solving
- Ability to independently locate and assess relevant literature, and to draw on these in developing understanding and constructing arguments.
- Time management and working to deadlines.
Presentations in class (10%).
Mid-Term Test - problem solving questions (15%).
For information about feedback please follow this link:
- Feedback in tutorials/classes.
- Office hours.
- Informal talk with the lecturer and tutor.
- Discussion board.
Jeffrey Perloff (2014) “Microeconomics with Calculus, Global Edition” (ISBN-10: 0273789988; ISBN-13: 9780273789987). Chapters 8-14.
|Scheduled activity hours|
|Assessment written exam||1.5|
|Independent study hours|
|Carlo Reggiani||Unit coordinator|