Advanced Microeconomics

Module Title:
Advanced Microeconomics
Module Code:

Module Content
  • Choice and rationality
  • General equilibrium
  • Efficiency in consumption and production
  • The pure exchange model
  • Individual welfare changes
  • Pareto optimality
  • Market failure, property rights and public goods
  • Expected utility and the insurance market
  • Adverse selection, moral hazard and principal agent theory
  • Game theory