Topics in Applied Microeconoimcs 2 ECON5112

  • Academic Session: 2023-24
  • School: Adam Smith Business School
  • Credits: 20
  • Level: Level 5 (SCQF level 11)
  • Typically Offered: Semester 2
  • Available to Visiting 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 Applied Microeconomic Theory 1, as well as 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 this 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 (including examinations) of the course's summative assessment.