EC487     
Advanced Microeconomics

This information is for the 2014/15 session.

Teacher responsible

Dr Erik Eyster 32L.4.29 and Prof Leonardo Felli 32L. 4.02

Availability

This course is compulsory on the MSc in Finance and Economics (Research). This course is available on the MSc in Applicable Mathematics, MSc in Econometrics and Mathematical Economics, MSc in Econometrics and Mathematical Economics (2 Year Programme), MSc in Economics and MSc in Economics (2 Year Programme). This course is available with permission as an outside option to students on other programmes where regulations permit.

Students on MSc Economics will need additional approval of lecturers. 

Pre-requisites

Students must have completed Introductory Course in Mathematics and Statistics (EC400).

Course content

The aim of this course is to: (i) introduce and develop the analytical tools of graduate level Microeconomics with a special emphasis on mathematical models; (ii) provide the students with a firm grounding in classical Microeconomic Theory as well as its modern development. Topics include: Consumer theory, producer theory, general equilibrium, welfare, choice under uncertainty, game theory, oligopoly, economics of information, topics in mechanism design, topics in behavioural economics.

Teaching

20 hours of lectures and 8 hours of seminars in the MT. 20 hours of lectures and 10 hours of seminars in the LT. 2 hours of seminars in the ST.

Formative coursework

Problem sets will be discussed in class and one marked assignment will be given in MT and LT. There will also be mock examinations at the end of the MT and at the beginning of ST.

Indicative reading

The main texts are A Rubinstein Lecture Notes in Economic Theory, Princeton University Press and Mas-Colell, Whinston & Green, Microeconomic Theory, OUP. Other sources include: D M Kreps, Microeconomic Foundations I: Choice and Competitive Markets, Princeton University Press; Fudenberg and Tirole, Game Theory, MIT Press.

Assessment

Exam (100%, duration: 3 hours) in the main exam period.

Key facts

Department: Economics

Total students 2013/14: 43

Average class size 2013/14: 14

Controlled access 2013/14: Yes

Lecture capture used 2013/14: No

Value: One Unit

Guidelines for interpreting course guide information

Course survey results

(2010/11 - 2012/13 combined)

1 = "best" score, 5 = "worst" score

The scores below are average responses.

Response rate: 81.7%

Question

Average
response

Reading list (Q2.1)

2.3

Materials (Q2.3)

2.1

Course satisfied (Q2.4)

2

Lectures (Q2.5)

2.2

Integration (Q2.6)

1.9

Contact (Q2.7)

2.2

Feedback (Q2.8)

2.5

Recommend (Q2.9)

Yes

58.5%

Maybe

35.9%

No

5.6%