Component

MA Public Opinion and Political Behaviour
MSc Behavioural and Experimental Economics options

Year 1, Component 01

EC903-7-AU or EC402-7-AU or EC403-7-AU
EC402-7-AU
Introductory Microeconomics
(20 CREDITS)

Microeconomics studies the economic behaviour of individual economic decision makers such as consumers, workers, firms, or managers. You will be looking at decision-making and markets when all agents have perfect information about goods and prices and individual agents cannot affect prices through their own actions. Later in the module you will turn to the concept of market equilibrium with more detailed understanding of demand and supply in order to derive properties of market behaviour.

EC403-7-AU
MREs Microeconomics
(20 CREDITS)

This module covers the concepts and methods of modern microeconomics. You will begin with an overview of the competitive economy and develop the two fundamental theorems of welfare economics. You will then study various types of imperfections in markets such as differential information and strategic interaction with a view to understanding the potential role for government policy. Topics covered include contract theory (with moral hazard and adverse selection problems), equilibrium concepts in game theory, and market signalling.

EC903-7-AU
Microeconomics
(20 CREDITS)

What are the concepts and methods of modern microeconomics? And how can you apply economic reasoning to this? Understand the main principles and theories of modern microeconomics, looking at topics like contract theory, equilibrium concepts in game theory, and market signalling. Learn to apply economic reasoning to these arguments.

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