Postgraduate Course: Microeconomics 2 (ECNM11025)
Course Outline
| School | School of Economics |
College | College of Arts, Humanities and Social Sciences |
| Credit level (Normal year taken) | SCQF Level 11 (Postgraduate) |
Availability | Available to all students |
| SCQF Credits | 10 |
ECTS Credits | 5 |
| Summary | To give students a command of the main tools of microeconomic analysis, so that they can undertake advanced work in areas such as industrial economics, public economics, labour economics, environmental economics, international economics and finance; and to show how such microeconomic analysis can be applied in making the transition from theoretical models to empirical/policy models. |
| Course description |
This is the second course in the MSc Microeconomics sequence. This course focuses on the causes and consequences of market failure. We will study the problem of market failure through the lens of game theory and information economics. We focus on adverse selection and moral hazard and apply the microeconomics tools from information economics to organizations, contracts, and games of strategic communication.
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Entry Requirements (not applicable to Visiting Students)
| Pre-requisites |
Students MUST have passed:
Microeconomics 1 (ECNM11023)
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Co-requisites | |
| Prohibited Combinations | |
Other requirements | Students should be enrolled on MSc Economics, MSc Economics (Econometrics), MSc Economics (Finance) or MSc Mathematical Economics and Econometrics.
Any other students must email sgpe@ed.ac.uk in advance to request permission.
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Information for Visiting Students
| Pre-requisites | Students should be enrolled on MSc Economics, MSc Economics (Econometrics), MSc Economics (Finance) or MSc Mathematical Economics and Econometrics.
Any other students must email sgpe@ed.ac.uk in advance to request permission.
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| High Demand Course? |
Yes |
Course Delivery Information
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| Academic year 2025/26, Available to all students (SV1)
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Quota: None |
| Course Start |
Block 3 (Sem 2) |
Timetable |
Timetable |
| Learning and Teaching activities (Further Info) |
Total Hours:
100
(
Lecture Hours 20,
Seminar/Tutorial Hours 12,
Feedback/Feedforward Hours 9,
Formative Assessment Hours 2,
Summative Assessment Hours 2,
Revision Session Hours 2,
Programme Level Learning and Teaching Hours 2,
Directed Learning and Independent Learning Hours
51 )
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| Assessment (Further Info) |
Written Exam
100 %,
Coursework
0 %,
Practical Exam
0 %
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| Additional Information (Assessment) |
Final exam 100% |
| Feedback |
Not entered |
| No Exam Information |
Learning Outcomes
On completion of this course, the student will be able to:
- Learn to formulate models of decision problems and games; apply a variety of mathematical tools and equilibrium concepts to study these models.
- Improve personal effectiveness through task-management, time-management, teamwork and group interaction, dealing with uncertainty and adapting to new situations, personal and intellectual autonomy through independent learning.
- Acquire practical/technical skills such as, modelling skills (abstraction, logic, succinctness), qualitative and quantitative analysis, and general IT literacy.
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Reading List
The basic textbooks to be used are:
- Mas-Colell, A., M.D. Whinston and J.R. Green, Microeconomic Theory (OUP, 1995).
- Osborne, M., An Introduction to Game Theory (OUP, 2003).
- Jehle, G.A. and P.J. Reny, Advanced Microeconomic Theory, 2nd ed. (AWL, 2001).
- Gibbons, R., Game Theory for Applied Economists (PUP, 1992) |
Additional Information
| Course URL |
http://www.sgpe.ac.uk |
| Graduate Attributes and Skills |
Not entered |
| Keywords | Not entered |
Contacts
| Course organiser | Dr Dimitri Migrow
Tel:
Email: dimitri.migrow@ed.ac.uk |
Course secretary | Miss Rico Chen
Tel:
Email: rico.chen@ed.ac.uk |
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