THE UNIVERSITY of EDINBURGH

DEGREE REGULATIONS & PROGRAMMES OF STUDY 2017/2018

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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
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityAvailable to all students
SCQF Credits0 ECTS Credits0
SummaryThis 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.
Course description 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)
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements None
Information for Visiting Students
Pre-requisitesIntroductory Microeconomics (though in exceptional cases, students with no economics background may be admitted)
High Demand Course? Yes
Course Delivery Information
Academic year 2017/18, Available to all students (SV1) Quota:  None
Course Start Flexible
Timetable Timetable
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 )
Assessment (Further Info) Written Exam 75 %, Coursework 25 %, Practical Exam 0 %
Additional Information (Assessment) Writing assignment (25%)
Exam(75%)
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Outwith Standard Exam Diets August2:00
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.
Reading List
Pindyck & Rubinfeld's Microeconomics
Additional Information
Graduate Attributes and 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.
Keywordsmicroeconomics,Intermediate microeconomics,consumer theory,producer theory,general equilibrium
Contacts
Course organiserMs Anna Babloyan
Tel: (0131 6)51 5992
Email: Anna.Babloyan@ed.ac.uk
Course secretaryMiss Carole-Anne Marshall
Tel: (0131 6)51 1795
Email: Carole-Anne.Marshall@ed.ac.uk
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