ECON 7087 - Advanced Microeconomic Theory V
North Terrace Campus - Semester 2 - 2015
-
General Course Information
Course Details
Course Code ECON 7087 Course Advanced Microeconomic Theory V Coordinating Unit Economics Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 4 hours per week Available for Study Abroad and Exchange Y Prerequisites ECON 7025 or ECON 7121 Assessment Typically assignments, final exam Course Staff
Course Coordinator: Dr Dmitriy Kvasov
Office location: Nexus 10, Level 4, Room 4.09
Telephone: 8313 4928
Lecturer for Weeks 7-12:
Dr Duygu Yengin
Nexus 10, Level 4, Room 4.48
Telephone: 83134500
Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
-
Learning Outcomes
Course Learning Outcomes
On successful completion of this course students will be able to:
1 Understand the latest developments in microeconomic theory 2 Understand the economic modelling of human decisions under uncertainty 3 Analyse and evaluate the design of incentive mechanisms 4 Understand the modelling of one-sided markets such as auction markets University Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Knowledge and understanding of the content and techniques of a chosen discipline at advanced levels that are internationally recognised. 1-4 The ability to locate, analyse, evaluate and synthesise information from a wide variety of sources in a planned and timely manner. 2-4 An ability to apply effective, creative and innovative solutions, both independently and cooperatively, to current and future problems. 2-4 Skills of a high order in interpersonal understanding, teamwork and communication. 2-4 A commitment to continuous learning and the capacity to maintain intellectual curiosity throughout life. 2-4 -
Learning Resources
Recommended Resources
The material covered in the course will be inspired from the following textbooks:
- Advanced Microeconomic Theory, by Geoffrey Jehle and Philip Reny, Prentice Hall, 2011.
- Auction Theory, by Vijay Krishna, Academic Press, 2010.
- The Theory of Incentives: The Principal-Agent Model, by Jean-Jacques Laffont and David Martimort, Princeton University Press, 2002.
- Introduction to the Economics of Information, by Ines Macho-Stadler and David Perez-Castrillo, Oxford University Press, 2001.
- Microeconomic Theory, by Andreu Mas-Colell, Michael Whinston and Jeffrey Green, Oxford University Press, 1995.
- Microeconomic Analysis, by Hal Varian, Norton & Company.
Online Learning
Complementary lecture notes will be posted on MyUni. -
Learning & Teaching Activities
Learning & Teaching Modes
LECTURES: The purpose of the lectures is to provide a logical structure for the topics that make up the course, to emphasize the important concepts of each topic, and to provide relevant examples to which the concepts are applied.
WORKSHOPS: The purpose of the workshop is primarily to provide an opportunity for small group discussion of the concepts and methods covered in the lectures, and to use those concepts and methods to understand applied problems.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
Students of this course are expected to:
- attend all lectures and workshops
- commit approximately 8 hours per week to private study, that is, outside regular classes.
Learning Activities Summary
A tentative list of topics to be covered is the following:
· Choice under uncertainty
· Economics of information
· Moral Hazard
· Adverse Selection
· Signalling
· Auction Theory
· Mechanism Design
For Dr Yengin's part weeks 7-12
Matching
House allocation, school admission problems
Cooperative games
Networks
Equity, axiomatic allocation mechanisms design -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Mid-Term Examination: Weight: 30%, Learning objectives assessed: 1 to 4
This exam will be held on Monday September 16, during lecture time (same venue). It will assess the topics covered in Weeks 1 to 6 and will consist of exercises to be solved and short answer questions.
Assignments: Weight: 20%, Learning objectives assessed: 1 to 4
There will be one assignment which will consist in presenting and discussing a paper in class, during workshop time. Students will have the option to: (1) select a paper of their choice, conditional on having the lecturer’s agreement or (2) select a paper from a given list that will be distributed in the second week of lectures. In case of a large student enrolment, collaborative work will be encouraged.
Final Examination: Weight: 50%, Learning objectives assessed: 1 to 4
This exam will be held in the University examination period and will be two hours long. It will be on materials from the entire course though approximately 75% of the questions will be from post-midterm topics.Assessment Related Requirements
In order to pass this course, students must achieve:
· a composite mark of at least 50 out of 100,
· at least 45 out 100 in the final exam.Assessment Detail
Mid-Term Examination: Failure to sit the mid-term examination will result in receiving zero points, whether a medical certificate is provided or not. The grade of the final exam will then account for 80% of the overall grade.
Workshop: The mark obtained for the assignment will depend on the quality of the discussion of the paper selected by the student. General guidelines for the discussion will be provided at the outset of the course.
Final Examination: This exam will be held in the University examination period and will be two hours long. It will be on materials from the entire course though approximately 75% of the questions will be from post-midterm topics.Submission
No information currently available.
Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
Additional Assessment
If a student receives 45-49 for their final mark for the course they will automatically be granted an additional assessment. This will most likely be in the form of a new exam (Additional Assessment) and will have the same weight as the original exam unless an alternative requirement (for example a hurdle requirement) is stated in this semester’s Course Outline. If, after replacing the original exam mark with the new exam mark, it is calculated that the student has passed the course, they will receive 50 Pass as their final result for the course (no higher) but if the calculation totals less than 50, their grade will be Fail and the higher of the original mark or the mark following the Additional Assessment will be recorded as the final result. -
Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
-
Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
-
Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
-
Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
