ULMS Electronic Module Catalogue |
The information contained in this module specification was correct at the time of publication but may be subject to change, either during the session because of unforeseen circumstances, or following review of the module at the end of the session. Queries about the module should be directed to the member of staff with responsibility for the module. |
Title | ADVANCED MICROECONOMICS | ||
Code | ECON342 | ||
Coordinator |
Professor M Lombardi Economics Michele.Lombardi@liverpool.ac.uk |
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Year | CATS Level | Semester | CATS Value |
Session 2021-22 | Level 6 FHEQ | First Semester | 15 |
Pre-requisites before taking this module (other modules and/or general educational/academic requirements): |
ECON222 MICROECONOMICS 2; ECON221 MICROECONOMICS 1 |
Modules for which this module is a pre-requisite: |
Programme(s) (including Year of Study) to which this module is available on a required basis: |
Programme(s) (including Year of Study) to which this module is available on an optional basis: |
Teaching Schedule |
Lectures | Seminars | Tutorials | Lab Practicals | Fieldwork Placement | Other | TOTAL | |
Study Hours |
12 |
6 |
12 6 |
36 | |||
Timetable (if known) |
60 mins X 1 totaling 12
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60 mins X 1 totaling 12
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120 mins X 1 totaling 24
60 mins X 1 totaling 6 |
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Private Study | 114 | ||||||
TOTAL HOURS | 150 |
Assessment |
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EXAM | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Assessment 2: Midterm Assessment Time: Unseen Examination Duration: 1 hour Weighting 20% Reassessment Opportunity: Yes Penalty for Late Submission: Standard UoL Penalty Applies Anonymous Assess | 1 hour | 20 | ||||
Assessment 1: Unseen Examination Assessment Type: Unseen Written Examination Duration: 2 Hours (1 hour additional admin time) Weighting: 80% Reassessment Opportunity: Yes Penalty for Late Submi | 2 hours | 80 | ||||
CONTINUOUS | Duration | Timing (Semester) |
% of final mark |
Resit/resubmission opportunity |
Penalty for late submission |
Notes |
Aims |
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This module aims to provide an understanding of the market failure resulting from asymmetric information. The course covers some of the canonical models of adverse selection and moral hazard focussing on the design of optimal contracts under informational asymmetries. |
Learning Outcomes |
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(LO1) Solve simple economic models |
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(LO2) Understand underlying assumptions |
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(LO3) Understand theorems and key proofs |
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(LO4) Predict the choices of economic agents |
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(S1) problem solving skills |
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(S2) numeracy |
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(S3) Communication skills |
Teaching and Learning Strategies |
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Teaching Method: Online Asynchronous Learning materials Teaching Method: Synchronous Lecture Teaching Method: Seminar Teaching Delivery: Group Study Self-Directed Learning Hours: 114 Costs Information: There are the following non-modular requirements: Skills/Other Attributes Mapping Skills / attributes: Communication skills Skills / attributes: numeracy Skills / attributes: problem solving skills |
Syllabus |
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Topic 1: Introduction |
Recommended Texts |
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Reading lists are managed at readinglists.liverpool.ac.uk. Click here to access the reading lists for this module. |