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DEGREE REGULATIONS & PROGRAMMES OF STUDY 2013/2014
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DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: Intermediate Microeconomics Intensive $ SGPE Summer School (ECNM11047)

Course Outline
SchoolSchool of Economics CollegeCollege of Humanities and Social Science
Course typeStandard AvailabilityAvailable to all students
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) Credits0
Home subject areaEconomics Other subject areaNone
Course website None Taught in Gaelic?No
Course descriptionThis course is designed to develop a solid understanding of the core economic models and insights from intermediate microeconomic syllabi in a two-week period. The course is structured as a combination of daily lectures and tutorials (exercise classes) with extra reading to prepare for each class. The work load is heavy and consistent, both to cover the material and to adapt students to the pace of a graduate course. The material covered includes the basics of consumer and producer theory, general equilibrium, intertemporal choice, game theory, and asymmetric information. Upon successful completion of the course, students will have the necessary analytical tools, knowledge and the work capacity to cope with a graduate-level microeconomics course.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Additional Costs None
Information for Visiting Students
Pre-requisitesIntroductory Microeconomics (though in exceptional cases, students with no economics background may be admitted)
Displayed in Visiting Students Prospectus?No
Course Delivery Information
Delivery period: 2013/14 Flexible, Available to all students (SV1) Learn enabled:  No Quota:  None
Web Timetable Web Timetable
Course Start Date 05/08/2013
Breakdown of Learning and Teaching activities (Further Info) Total Hours: 0 ( Lecture Hours 30, Seminar/Tutorial Hours 18, Formative Assessment Hours 6, Directed Learning and Independent Learning Hours 0 )
Additional Notes
Breakdown of Assessment Methods (Further Info) Written Exam 75 %, Coursework 25 %, Practical Exam 0 %
Exam Information
Exam Diet Paper Name Hours & Minutes
Outwith Standard Exam Diets August2:00
Summary of Intended Learning Outcomes
Students will be presented with core microeconomic theory that is covered in a typical intermediate undergraduate course in microeconomics. The essential tools and technical language (e.g. calculus) used in microeconomic analysis will be developed. The ultimate goal is that students will be able to take on the more advanced material covered in the MSc.
Assessment Information
Writing assignment (25%)
Exam(75%)
Special Arrangements
None
Additional Information
Academic description Not entered
Syllabus The course will be heavily based around the textbook in order to facilitate both self-study and group-learning. A tentative syllabus for the course will cover the following chapters of Pindyck & Rubinfeld&s Microeconomics:

Day 11: Ch1 (Preliminaries) & Ch2 (The Basics of Supply and Demand)
Day 12: Ch3 (Consumer Behavior)
Day 13: Ch4 (Individual and Market Demand)
Day 14: Ch6 (Production)
Day 15: Ch7 (The Cost of Production)

End of week 3; weekend reading / writing assignment

Day 16: Ch8 (Profit Maximization and Competitive Supply)
Day 17: Ch16 (General Equilibrium and Economic Efficiency)
Day 18: Ch5 (Uncertainty and Consumer Behavior)
Day 19: Ch13 (Game Theory and Competitive Strategy)
Day 20: Ch17 (Markets with Asymmetric Information)
Transferable skills Upon completion, students will improve their ability to develop a deep understanding of new concepts in a relatively short period of time. The tools of formal microeconomic analysis covered in this course can easily be applied to other quantitatively rigorous disciplines.
Reading list Pindyck & Rubinfeld&s Microeconomics
Study Abroad Not entered
Study Pattern Not entered
Keywordsmicroeconomics, Intermediate microeconomics, consumer theory, producer theory, general equilibrium,
Contacts
Course organiserProf Jonathan Thomas
Tel: (0131 6)50 4515
Email: Jonathan.Thomas@ed.ac.uk
Course secretaryMs Marie Craft
Tel: (0131 6)51 1764
Email: marie.craft@ed.ac.uk
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