| CODE | ECN5112 | ||||||
| TITLE | Advanced Theoretical and Applied Microeconomics | ||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||
| MQF LEVEL | Not Applicable | ||||||
| ECTS CREDITS | 16 | ||||||
| DEPARTMENT | Economics | ||||||
| DESCRIPTION | The study-unit is intended to present recent developments in Microeconomic Theory and its Applications at an advanced level. The study-unit will cover consumer behaviour (including decision making under uncertainty and of an intertemporal nature and game theory; production (including general equilibrium analysis); welfare economics; market failure; applied policy and the study of small states; policy and applications, accompanied by an exposition of the mathematical techniques necessary to assimilate and apply such concepts. The study-unit also covers the main mathematical concepts in the area, primarily static and dynamic optimisation and set theory. The study-unit is also intended to equip students with the techniques necessary to conduct postgraduate research. Besides familiarising students with the core elements of microeconomic theory which form the basis for advanced work, the study-unit will also introduce students to a number of topics in applied microeconomics so as to identify and explore the issues and problems which arise in making the transition from theoretical models to empirical and other applied work founded on microeconomic analysis. Reading List - Varian, Hal R. Microeconomic Analysis – A Modern Approach. W. W. Norton Co. - Mas-Colell, A. and others. Microeconomic Theory, Oxford University Press - Kreps, D. M. A Course in Microeconomic Theory, New York: Harvester Wheatsheaf - Dixit, Avinash K. Optimisation in Economic Theory, Oxford University Press - Gibbons, R. A Primer in Game Theory, New York: Harvester Wheatsheaf |
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| STUDY-UNIT TYPE | Lecture | ||||||
| METHOD OF ASSESSMENT |
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| LECTURER/S | Malcolm Bray Lino Briguglio Gordon Cordina Jana Farrugia Stephanie Vella |
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The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2025/6. It may be subject to change in subsequent years. |
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