TBC

This course is compulsory on the BSc in Economics and Economic History, BSc in Environmental Policy with Economics, BSc in Finance, BSc in Geography with Economics, BSc in International Social and Public Policy and Economics, BSc in Mathematics and Economics, BSc in Mathematics with Economics, BSc in Philosophy and Economics, BSc in Philosophy, Politics and Economics and BSc in Politics and Economics. This course is available on the BSc in Accounting and Finance, BSc in Environment and Development, BSc in Mathematics, Statistics and Business and Diploma in Accounting and Finance. This course is available as an outside option to students on other programmes where regulations permit. This course is available with permission to General Course students.

Students must have completed Microeconomics I (EC1A3).

In this course, we use the tools you learned in Microeconomics I (EC1A3) to provide an in-depth analysis of microeconomic theory, as well as applications of the tools of microeconomics to concrete economic problems. We will analyse the demand and supply side in depth, then bring the two sides together in the analysis of general equilibrium. Market failures arising from asymmetric information are also considered and we will use game theory, including sequential games, to study oligopoly markets, as well as public goods and externalities. In this course, you will learn tools that are useful in a wide range of topics in a wide variety of fields, such as public economics, management, and finance.

20 hours of lectures and 10 hours of classes in the MT.

There are weekly assignments and feedback will be given on two. Also Moodle quizzes.

• Perloff, J.M. Microeconomics: Theory and Applications with Calculus, 4th edition Pearson 2018 (or earlier editions).
• Snyder, C., Nicholson, W. and Stewart, R. Microeconomic Theory: Basic Principles and Extensions, Europe, Middle East and Africa Edition, Cengage Learning, 2015
• Nicholson, W and Snyder, C. Microeconomic Theory: Basic Principles and Extensions, 11th edition, Cengage Learning 2011.
• M Anthony & N L Biggs, Mathematics for Economics and Finance: Methods and Modelling, CUP, 1996.
• Jacques, I.  Mathematics for Economics and Business, Pearson, 2012 (or earlier editions).

Exam (90%, duration: 2 hours) in the summer exam period.
Class participation (10%).

Some departments have produced short videos to introduce their courses. Please refer to the course selection videos index page for further information.