Form C4
Heriot-Watt University - Course Descriptor
1. Course
Code
C29AG
2. Course
Title
Advanced Economics 2
3. SCQF
Level
5. School
Management and Languages
7. Delivery:
Location &
Semester
Edin
SBC
Orkney
Dubai
IDL
Collaborative Partner
Approved Learning Partner
Sem 2
Sem…….
Sem………..
Sem……..
Sem….
Name…………………….....Sem..…...
Name …………………………………Sem………..
6. Course
Co-ordinator
9
4. Credits
15
R. Mochrie
8. Pre-requisites
Advanced Economics 1
9. Linked Courses
(specify if synoptic)
10. Excluded Courses
11. Replacement Courses
None
None
Code:
Date Of Replacement:
13. The course may be
delivered to:
UG only
PG only
C29AE
1st Sept, 2013
12. Degrees for which
this is a core course
UG & PG
All programmes within the undergraduate discipline of
economics
14. Available as an Elective?
Yes
No
15. Aims
To introduce students to important techniques of microeconomic analysis in sufficient depth that they are able to approach a wide range of problems that have been
subjected to detailed analysis in the primary literature, with the technical skills to understand these thoroughly.
16. Syllabus
Price theory, with applications to inter-temporal choice, and choice under uncertainty
Introduction to economics of incomplete information: adverse selection and moral hazard
Game theory: Nash equilibrium in strategic games of complete information (in pure and mixed strategies)
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Form C4
Heriot-Watt University - Course Descriptor
17. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)
Subject Mastery
Personal Abilities
Understanding, Knowledge and Cognitive
Skills
Scholarship, Enquiry and Research (Research-Informed Learning)
Understanding of advanced microeconomic models regarding choices made by individuals in respect of investments in education, labour supply, and
mitigation of risk and uncertainty.
Awareness of the impact of imperfect information on market behaviour.
Understanding of modelling approaches used in situations where strategic interdependencies affect outcomes.
Ability to solve a range of complex problems that emerge from recent research in microeconomic theory.
Industrial, Commercial & Professional Practice
Autonomy, Accountability & Working with Others
Communication, Numeracy & ICT
Application of standard mathematical methods used in microeconomic analysis.
Solution techniques for problems of theoretical macroeconomic modelling
Ability to solve analytical problems, with enhanced ability to present solutions to peers
Understanding of the impact of theoretical insights for the development of policy and applied economic practice
18. Assessment Methods
Method
19. Re-assessment Methods
Duration of Exam
Weighting (%)
Synoptic courses?
Method
(if applicable)
Assignments
Examination
2 hrs
Duration of Exam
Diet(s)
(if applicable)
40%
60%
Examination
2 hrs
No
20. Date and Version
Date of Proposal
March, 2013
Date of Approval by
School Committee
Date of
Implementation
September, 2013
Version
Number
2/2
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