Advanced Microeconomics of Consumers, Marketsand Welfare - ECON8020

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Module delivery information

Location Term Level1 Credits (ECTS)2 Current Convenor3 2023 to 2024
Canterbury
 Autumn Term 7 15 (7.5) Nizar Allouch checkmark-circle

Overview

This module examines the workings of the economic system from a disaggregated viewpoint. It is a standard module on advanced microeconomic theory and contains the basics of general equilibrium, including Walrasian equilibrium. It provides students with the toolbox essential for understanding further advanced modules in their programme of choice. Fundamental topics dealt with encompass utility theory and welfare. Special attention is given to risk and uncertainty. All these topics are presented in an advanced manner and all are developed in mathematical frameworks. The notion of the understanding of a number of mathematical proofs of economic ideas is central to the curriculum.

Details

Contact hours

Private Study: 120
Contact Hours: 30
Total: 150

Availability

Compulsory to:

• MSc Economics
• MSc Economics and Econometrics
• MSc Development Economics

Method of assessment

Main Assessment Methods:

Take-Home Test (60 minutes) 20%
Exam (2 Hours) 80%

Reassessment: 100% exam

Indicative reading

The University is committed to ensuring that core reading materials are in accessible electronic format in line with the Kent Inclusive Practices.

The most up to date reading list for each module can be found on the university's reading list pages.

See the library reading list for this module (Canterbury)

Learning outcomes

On successfully completing the module students will be able to:

1 Apply their improved economic and enhanced problem solving abilities to advanced microeconomic theory
2 Use rigorous mathematical tools commonly found in advanced microeconomic analysis
3 Extensively cover the following topics at an advanced level: preferences, utility and demand; duality; production; existence of general equilibrium;; price equilibrium; and uncertainty
4 Critically understand the notion of a mathematical proof compared to an intuitive explanation in economics.

Notes

  1. Credit level 7. Undergraduate or postgraduate masters level module.
  2. ECTS credits are recognised throughout the EU and allow you to transfer credit easily from one university to another.
  3. The named convenor is the convenor for the current academic session.
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