Economics
Advanced Microeconomics
Module code: L1061
Level 5
15 credits in spring semester
Teaching method: Seminar, Lecture
Assessment modes: Unseen examination, Coursework
On this module, you’ll cover the topics of:
- general equilibrium
- welfare economics
- market failure.
You’ll explore:
- Sen’s entitlement approach to famines and international trade
- concepts of efficiency and their relationship to the market mechanism
- adverse selection and moral hazard
- health insurance
- environmental economics
- the second-hand car market.
Module learning outcomes
- Have demonstrated a critical understanding of the principles of economics
- Be able to use the power of abstraction to focus upon the essential features of an economic problem and to provide a framework for the critical understanding and evaluation of the effects of policy or other exogenous events.
- Be able to analyse an economic problem or issue using an appropriate theoretical framework, and recognise its limitations.
- Have learned to understand the importance of, and be able to construct and develop, rigorous argument to help evaluate ideas.