Module Catalogues, Xi'an Jiaotong-Liverpool University   
 
Module Code: ECO220
Module Title: Microeconomics II
Module Level: Level 2
Module Credits: 5.00
Academic Year: 2017/18
Semester: SEM2
Originating Department: International Business School
Pre-requisites: N/A
   
Aims
This module in accordance with Microeconomics 1 aims to provide a solid foundation of intermediate level microeconomic theory. It develops and extends three of the topics introduced in first year Microeconomics that are welfare economics (including theory of externalities), asymmetric information and game theory. It prepares thestudents for the more advanced modules in the second and third year like GameTheory.
Learning outcomes 
By the end of the module the students should have the following skill

1) A thorough understanding of the core concepts and models used in welfare economics, asymmetric information and game theory and an ability to apply these to a range of markets and settings.

2) To think and apply themselves analytically to problems in the above-mentioned topics.

3) To gain problem solving skills using verbal, diagrammatic and mathematical methods to problems in the above topics.

4) To have a critical perspective regarding the assumptions underlying microeconomics models.
Method of teaching and learning 
This module will be delivered via a combination of lectures and tutorials. Lectures are designed to provide essential information and introduce students to the basic tools of analysis used in Microeconomics. Tutorials will provide students with a learning opportunity to extend the material introduced in the lectures through the in-depth analysis of specific problems from various topics covered in the module.
Syllabus 
1. Dynamics: equilibrium and time

2. Pricing under oligopoly, product differentiation, entry

3. Welfare economics

4. Economics of information: asymmetric information, moral hazard

5. Economics of information: adverse selection, signaling and screening

6. The principal-agent problem

7. Game theory

8. Game theory models of pricing

9. Trade theory and globalization


Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 26     12      112  150 

Assessment

Sequence Method % of Final Mark
1 Mid-Term Exam 30.00
2 Final Exam 60.00
3 Within-Class Presentation 10.00

Module Catalogue generated from SITS CUT-OFF: 10/22/2017 10:37:03 AM