316-402 Advanced Microeconomics

Credit Points

12.5

HECS Band

2

Coordinator

Professor P Bardsley

Prerequisites

316-312 Macroeconomics and 316-313 Microeconomics.

Semester

2 (view timetable)

Contact

Three hours of lectures and seminars per week

Subject Description

An introduction to advanced microeconomics and to the economics of information and strategic behaviour. Topics to be covered include decision making under uncertainty, the interaction of primal and dual methods of modelling producer and consumer behaviour, the existence and welfare properties of general equilibrium, the theory of market failure and public goods, models of strategic behaviour in oligopoly, an introduction to the economics of information.

Assessment

A 3-hour end-of-semester examination (70%) and class assignments totalling not more than 3000 words (30%).

Prescribed Texts

To be advised.



Status:                   Official 2003
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