Postgraduate Course: Intermediate Microeconomics Intensive $û SGPE Summer School (ECNM11047)
Course Outline
| School | School of Economics |
College | College of Humanities and Social Science |
| Course type | Standard |
Availability | Available to all students |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Credits | 0 |
| Home subject area | Economics |
Other subject area | None |
| Course website |
None |
Taught in Gaelic? | No |
| Course description | This 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.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | None |
| Additional Costs | None |
Information for Visiting Students
| Pre-requisites | Introductory Microeconomics (though in exceptional cases, students with no economics background may be admitted) |
| Displayed in Visiting Students Prospectus? | No |
Course Delivery Information
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| Delivery period: 2013/14 Flexible, Available to all students (SV1)
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Learn enabled: No |
Quota: None |
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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 )
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| Additional Notes |
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| Breakdown of Assessment Methods (Further Info) |
Written Exam
75 %,
Coursework
25 %,
Practical Exam
0 %
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| Exam Information |
| Exam Diet |
Paper Name |
Hours & Minutes |
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| Outwith Standard Exam Diets August | | 2:00 | |
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%)
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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)
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| 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 |
| Keywords | microeconomics, Intermediate microeconomics, consumer theory, producer theory, general equilibrium, |
Contacts
| Course organiser | Prof Jonathan Thomas
Tel: (0131 6)50 4515
Email: Jonathan.Thomas@ed.ac.uk |
Course secretary | Ms Marie Craft
Tel: (0131 6)51 1764
Email: marie.craft@ed.ac.uk |
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© Copyright 2013 The University of Edinburgh - 13 January 2014 3:54 am
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