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Durham University

Faculty Handbook 2022-2023

Module Description

Please ensure you check the module availability box for each module outline, as not all modules will run each academic year.

Department: Economics and Finance

ECON3201: ADVANCED MICROECONOMIC THEORY

Type Open Level 3 Credits 20 Availability Available in 2022/23 Module Cap Location Durham

Prerequisites

  • Microeconomics (ECON2021)

Corequisites

  • None.

Excluded Combination of Modules

  • None.

Aims

  • To develop knowledge and analytical skills in advanced microeconomic theory, by building on the second-year microeconomics module.
  • To offer students the opportunity to develop some key skills.

Content

  • Topics, reflecting the current state of the field, may include:
  • consumer theory;
  • producer theory;
  • decision making under risk and uncertainty;
  • incentives and strategic behaviour;
  • market equilibrium;
  • general equilibrium;
  • welfare economics.

Learning Outcomes

Subject-specific Knowledge:
  • At the end of the module the students should:
  • be able to understand research contributions in microeconomics (journal publications).
  • have a deep understanding of some advanced theoretical models in microeconomics.
Subject-specific Skills:
  • be able to solve microeconomic problems at an advanced level.
Key Skills:
  • Written Communication - through summative assessment.
  • Planning, Organisation and Time Management - e.g. by revising relevant material and preparing for examinations.
  • Problem Solving and Analysis - e.g. by applying the necessary analytical and quantitative skills, as well as the ability to manipulate concepts in microeconomics, in undertaking assessed work.

Modes of Teaching, Learning and Assessment and how these contribute to the learning outcomes of the module

  • Teaching is by lectures and seminars. Learning takes place through attendance at lectures, preparation for and participation in seminar classes, and private study. Formative assessment is by means of an assignment. Summative assessment is by means of a written examination.

Teaching Methods and Learning Hours

Activity Number Frequency Duration Total/Hours
Lectures 20 1 Per Week 1 Hour 20
Revision Lectures 2 1 per week 1 hour 2
Seminars 8 Fortnightly 1 Hour 8
Preparation and Reading 170
Total 200

Summative Assessment

Component: Examination Component Weighting: 100%
Element Length / duration Element Weighting Resit Opportunity
One written examination 2 hours 100% Same

Formative Assessment:

Two formative assignments


Attendance at all activities marked with this symbol will be monitored. Students who fail to attend these activities, or to complete the summative or formative assessment specified above, will be subject to the procedures defined in the University's General Regulation V, and may be required to leave the University



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