EC201-Intermediate Microeconomics

Module Provider: School of Politics, Economics and International Relations
Number of credits: 20 [10 ECTS credits]
Level:5
Terms in which taught: Autumn term module
Pre-requisites: EC113 Introductory Microeconomics and EC114 Introductory Macroeconomics
Non-modular pre-requisites:
Co-requisites:
Modules excluded:
Current from: 2022/3

Module Convenor: Dr Carolyn Molesworth-St Aubyn
Email: c.molesworth-staubyn@reading.ac.uk

Type of module:

Summary module description:

This module builds on material covered in introductory microeconomic courses and introduces students to some of the more advanced topics in microeconomic theory, including intertemporal choice, decision-making under risk, game theory, and general equilibrium theory.

Aims:

The aim of this module is to provide students with a more in-depth and rigorous understanding of core concepts and methods of microeconomics. The module builds on topics familiar to students from the first year, such as consumer and producer theory, and introduces new topics including intertemporal choice, decision-making under uncertainty, game theory, general equilibrium and welfare.

Assessable learning outcomes:

At the end of the module, students should be able to: - demonstrate a sound understanding of microeconomic principles, theories and methods of analysis; - apply analytical methods to solve and interpret economic problems; - apply microeconomic concepts and methods to analyse and interpret real-world microeconomic phenomena.

Additional outcomes:

Outline content:

Topics to be covered include: - applications of the rational choice model - intertemporal choice - decision-making under uncertainty - markets and market structure - game theory - general equilibrium and welfare - missing markets

Global context:

This module is compulsory for all single and joint honours Economics degree programmes.

Brief description of teaching and learning methods:
Lectures will develop all the main material. Tutorials will cover exercise material designed to facilitate understanding of lecture topics. Office hours will be available for students to consult the lecturer on an individual basis.