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 Microeconomic Theory 1 ECON5095

  • Academic Session: 2021-22
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 1
  • Available to Visiting Students: No
  • Available to Erasmus Students: No

Short Description

The course presents issues at the research frontier of microeconomic theory. Topics will vary from year to year to reflect the evolution of contemporary research, and will address for instance: decision under uncertainty, behavioural economics, game theory and its applications, general equilibrium, the economics of information, mechanism design, etc. The content of this course will be complementary with Topics in Microeconomic Theory 2.

Timetable

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

None

Co-requisites

None

Assessment

ILOs are assessed through a 2-hour degree exam (100%).

The assessment will be based on specific models and/or articles and will involve in depth critical analysis of their assumptions and conclusions.

Main Assessment In: December and April/May

Course Aims

The course introduces students to the current issues in microeconomic theory, as a stepping stone toward the development of their own research agenda. Emphasis will be placed on full technical treatment of the material and critical reading of current literature.

Intended Learning Outcomes of Course

By the end of the course students will be able to

1.  Demonstrate detailed knowledge and understanding of one or more state of the art research topic in microeconomics at the forefront of current research

2.  Identify, conceptualise and define open research questions and topics for further research in the covered sub-fields of microeconomics

3.  Demonstrate extensive, detailed, and critical understanding of the technical aspects of the presented models

4.  Undertake critical evaluation of the scientific contribution of a given research sample chosen from a wide range of microeconomic literature

Minimum Requirement for Award of Credits

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