Please note: there may be some adjustments to the teaching arrangements published in the course catalogue for 2020-21. Given current circumstances related to the Covid-19 pandemic it is anticipated that some usual arrangements for teaching on campus will be modified to ensure the safety and wellbeing of students and staff on campus; further adjustments may also be necessary, or beneficial, during the course of the academic year as national requirements relating to management of the pandemic are revised.

Topics in Applied Microeconomics ECON5094

  • Academic Session: 2022-23
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Either Semester 1 or Semester 2
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

The course presents issues at the research frontier of applied microeconomics. Topics will vary from year to year to reflect the evolution of contemporary research, and will address for instance: markets, games and institutions with boundedly rational agents, inequality and poverty, political economy, financial crises. The content of this course will be complementary with Topics in Microeconomic Theory 1 and 2.


20 hours of lectures (2 hours per week, during 10 weeks)

Requirements of Entry

Completion of the 1st year MRes in Econometrics, or equivalent qualification as decided by the course instructor

Excluded Courses





ILOs are assessed through a written assignment (50% of the grade, 1,500-2,500 words), and individual projects (50% of the grade, 1,500-2,500 words). The assessments will be based on specific models and/or articles and will involve in depth critical analysis of their assumptions and conclusions.

Course Aims

The ability to apply rigorous economic analysis to real-world problems continues to be a key skill valued by employers and students. This module aims to highlight the use of microeconomic techniques including micro-econometrics and mathematical modelling to understand topics in applied microeconomics, such as the study of markets, games and institutions with boundedly rational agents, inequality and poverty, political economy, financial crisis.  The balance between econometrics and mathematics will vary depending on the topics taught in a particular year. The module aims to equip students to analyse and discuss important economic issues with the benefit of a rigorous foundation and deep knowledge of applied microeconomics.

Intended Learning Outcomes of Course

By the end of the course students will be able to

1. discuss the main insights from the frontier theory together with the relevant evidence,

2. select and apply the relevant microeconomic tools to examine real world issues,

3. discuss and critically evaluate microeconomic policies.

Minimum Requirement for Award of Credits

Students must submit at least 75% by weight of the components of the course's summative assessment.