Undergraduate Course: Topics in Microeconomics (ECNM10070)

Course Outline
School	School of Economics	College	College of Humanities and Social Science
Credit level (Normal year taken)	SCQF Level 10 (Year 3 Undergraduate)	Availability	Available to all students
SCQF Credits	20	ECTS Credits	10
Summary	This course is designed to provide a coherent development of some important topics in microeconomic analysis at a more advanced level than that of standard intermediate courses. It thus extends and deepens the work of Economics 1 and Economics 2, bridging the gap between intermediate and graduate level courses in economics, and providing insight into some recent areas of economic research activity. Throughout there is an emphasis on the application of economic principles.
Course description	The course has a mathematical content and knowledge of basic calculus is assumed. Topics covered may include economics of asymmetric information, principal agent model, hidden action, moral hazard, hidden types adverse selection; topics in game theory; auctions; bargaining theory; topics in behavioural economics. The course is taught through a programme of lectures. Learning-by-doing, through exercise sets is an important ingredient of the course.

Entry Requirements (not applicable to Visiting Students)
Pre-requisites	Students MUST have passed: Economics 2 (ECNM08006)	Co-requisites	Students MUST also take: Essentials of Econometrics (ECNM10052)
Prohibited Combinations		Other requirements	Economics Honours entry or permission of the course organiser.

Information for Visiting Students
Pre-requisites	Visiting students should usually have at least 3 Economics courses at grade B or above (or be predicted to obtain this) for entry to this course. This MUST INCLUDE courses in both Macroeconomics and Microeconomics. We will only consider University/College level courses.
High Demand Course?	Yes

Course Delivery Information

Academic year 2015/16, Available to all students (SV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 30, Seminar/Tutorial Hours 8, Summative Assessment Hours 3.5, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 154 )
Assessment (Further Info)	Written Exam 100 %, Coursework 0 %, Practical Exam 0 %
Additional Information (Assessment)	A multiple choice exam in December 2 hour degree examination in April/May The overall mark for the course will be the higher of either the degree exam(weighted 75%) and the multiple choice exam (weighted 25%)or the degree exam (weighted 90%) and the multiple choice exam (weighted 10%). Visiting Student Variant Assessment Two problem-based assessments (30% each) and a multiple choice exam in December (40%).
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S1 (December)			1:30
Main Exam Diet S2 (April/May)			2:00

Academic year 2015/16, Part-year visiting students only (VV1)		Quota: None
Course Start	Semester 1
Timetable	Timetable
Learning and Teaching activities (Further Info)	Total Hours: 200 ( Lecture Hours 30, Seminar/Tutorial Hours 8, Summative Assessment Hours 1.5, Programme Level Learning and Teaching Hours 4, Directed Learning and Independent Learning Hours 156 )
Assessment (Further Info)	Written Exam 40 %, Coursework 60 %, Practical Exam 0 %
Additional Information (Assessment)	A multiple choice exam in December 2 hour degree examination in April/May The overall mark for the course will be the higher of either the degree exam(weighted 75%) and the multiple choice exam (weighted 25%)or the degree exam (weighted 90%) and the multiple choice exam (weighted 10%). Visiting Student Variant Assessment Two problem-based assessments (30% each) and a multiple choice exam in December (40%).
Feedback	Not entered
Exam Information
Exam Diet	Paper Name		Hours & Minutes
Main Exam Diet S1 (December)			1:30

Learning Outcomes
On completion of this course, the student will be able to: A knowledge and understanding of principles and models used in microeconomic analysis and associated mathematical and statistical techniques, along with applications and policy implications of those models. Research and investigative skills such as problem framing and solving and the ability to assemble and evaluate complex evidence and arguments. Communication skills in order to critique, create and communicate understanding. Personal effectiveness through task-management, time-management, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning. Practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis and general IT literacy.

Reading List
There are no required textbooks for this course. Details of required reading will be provided for the separate parts.In addition, for students who would like to supplement their reading with a textbook, we recommend: Walter Nicholson Microeconomic Theory: Basic Principles and Extensions

Additional Information
Graduate Attributes and Skills	See Learning Outcomes
Additional Class Delivery Information	3 lectures per week lasting 1 hour, 4 fortnightly tutorials lasting 2 hours to be arranged in addition.
Keywords	TiMicro

Contacts
Course organiser	Dr Ahmed Anwar Tel: (0131 6)50 8355 Email: Ahmed.Anwar@ed.ac.uk	Course secretary	Ms Dawn Hutcheon Tel: (0131 6)51 5958 Email: Dawn.Hutcheon@ed.ac.uk