Credits: 15
Module Convenor: Prof Alp Atakan
This module will give you a firm grounding in microeconomic theory. You are presented with a set of concepts and mathematical techniques which will enable you to achieve a better understanding of economic activity and outcomes. The module begins with the analysis of individual decision making, in particular choice under uncertainty and consumer choice, with special emphasis given to duality techniques. You will then move on to the analysis of multiperson decision making, both in the context of strategic interaction (game theory) and in competitive markets (general equilibrium). Lastly you will cover a general review of welfare economics and mechanism design.
Assessment: 80.0% Examination, 20.0% Coursework