Due to Covid-19 students should refer to the module Blackboard pages for assessment details
|Assessment length / details
|3 Hours Unseen written examination
|Coursework assignment (2000 words)
|3 Hours Unseen written examination Repeat failed elements
|Coursework assignment (2000 words) Repeat failed elements
|Group Work (Debate) (40 minutes)
On successful completion of this module students should be able to:
* Demonstrate an understanding of the analysis of choice under uncertainty;
* Demonstrate an understanding of game theoretic concepts;
* Employ the methodology of game theory to analyse strategic behaviour in various contexts;
* Demonstrate an understanding of the form and implications of asymmetric information in market situations;
* Demonstrate an understanding of potential solutions to the problems of adverse selectin and moral hazard.
This module treats a variety of advanced topics in theoretical and applied microeconomics, relating to choice under uncertainty, strategic decision making, and asymmetric information. It enables the incorporation of an increased theoretical core within the identified degree schemes providing the opportunity to better match content with benchmark guidelines. The module will selectively identify influential theoretical work from the major academic journals, introducing students to a range of research methods that will facilitate development of advanced analytical and research skills.
- Choice under uncertainty
- Game theoretic solution concepts for non-cooperative games
- Incomplete information and irrationality
- Repeated play: cooperation and reputation
- Bilateral bargaining and negotiation
- Moral hazard and incentives
- Adverse selection and market signalling
- Auction theory
|Application of Number
|Treatment of numerical problems in tutorial exercises, in assignment and examination.
|During tutorial class discussion and presentation.
|Improving own Learning and Performance
|In preparation for, attending and participating in and reflecting on tutorial classes. Preparation and production of assignment, and revision and preparation for the final examination.
|Appropriate accessing of the internet for reference material. Accessing course information and documents from Blackboard, and use of word-processing skills for the assignment.
|Personal Development and Career planning
|Development of various personal and interpersonal skills, generally transferable in career terms, including initiative, independence and self-awareness - in addition to skills listed above.
|Treated in lectures and applied in tutorials
|Obtaining, selecting, assimilating information from a variety of sources for use in tutorials, and production of notes and expanding on lecture material.
|Subject Specific Skills
|Application of models and ability to think in the abstract.
|Group oriented tutorial tasks.
This module is at CQFW Level 6