ECN361 - Advanced Microeconomics (Advanced Micro)
Prerequisite: ECN211, ECN214
This module aims to help students to bridge the gap between undergraduate and postgraduate economics. It is therefore strongly recommended for all students who are considering continuing to a taught Masters degree in Economics. The module will attempt to develop students' capacity for strategic reasoning via the translation of economic stories into simple models, spelling out every step of each argument in detail. Topics covered include individual decision making, efficiency of competitive market economy and causes of market failure, social choice and welfare, and information economics.