Course Description
Course Name
Advanced Microeconomics
Session: VSRS3122
Hours & Credits
20 SCQF Credits
Prerequisites & Language Level
Intermediate Microeconomics
Taught In English
- There is no language prerequisite for courses at this language level.
Overview
Choice and rationality; individual welfare changes; the pure exchange model; trading at false prices; Pareto
optimality; social welfare functions and compensation tests; market failure, property rights and public goods;
expected utility and the insurance market; games and oligopoly; adverse selection, moral hazard and
principal-agent theory.
*Course content subject to change