| CODE | ECN2061 | |||||||||
| TITLE | Intermediate Microeconomics 2 | |||||||||
| UM LEVEL | 02 - Years 2, 3 in Modular Undergraduate Course | |||||||||
| MQF LEVEL | Not Applicable | |||||||||
| ECTS CREDITS | 4 | |||||||||
| DEPARTMENT | Economics | |||||||||
| DESCRIPTION | Objectives: The course focuses on the study of firm and household economic behaviour. The aim is to enable students to analyse real world behaviour, at the microeconomic level, through the use of appropriate tools. The emphasis is on understanding likely market outcomes, why these may not be optimal from a welfare point of view, and ultimately, how the situation can be improved upon. Content: The study of strategic behaviour through the apparatus of Game Theory Optimal auction strategies and design Oligopoly models (Cournot, Bertrand, Stackelberg) Intertemporal choice and allocation of resources Asymmetric information Risk and expected utility theory Optimal insurance General equilibrium Welfare economics Reading List: - Varian Hal R. (1999) Intermediate Microeconomics - A Modern Approach, 5th edition, W.W. Norton & Company Inc., USA. - Mansfield E. and Yohe G. (2000) Microeconomics, 10th edition, W.W. Norton & Company Inc., USA. Students are expected to supplement their reading with economic journal articles. |
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| STUDY-UNIT TYPE | Lecture and Tutorial | |||||||||
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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 Units not attracting a sufficient number of registrations may be withdrawn without notice.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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