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AY2025/2026 Semester 1
In HE1001 Microeconomics I and HE2001 Microeconomics II, we have covered the core tenets of decision making by firms and individuals, and how perfect competition translates this into efficient outcomes under specific conditions. The main aim of this course is to extend our framework to contexts with less than ?perfect? settings. We will first study the basics of game theory, analysing strategic interactions between small numbers of agents and discuss its applications. Subsequently, we will study various kinds of market frictions and how they can lead to sub-optimal outcomes in the market, covering possible solutions. This will include classical ones like asymmetric information, classical externalities and common access and also newer ones like information technology. Lastly, we will also introduce behavioural economics and how social and psychological elements can be applied to traditional topics in Economics.
| AUs | 3.0 AUs |
| Categories | CoreMinorsBDE |
| Not Available To All Programme With | (Admyr 2011-2020) |
| Not Available As BDE/UE To Programme | ECMA, ECPP, ECPS |
| Mutually Exclusive With | HE3601 |
| Exam |
| Mon | Tue | Wed | Thu | Fri | |
|---|---|---|---|---|---|
| 930 | |||||
| 1000 | |||||
| 1030 | |||||
| 1100 | |||||
| 1130 | |||||
| 1200 | |||||
| 1230 | |||||
| 1300 | |||||
| 1330 | |||||
| 1400 | |||||
| 1430 | |||||
| 1500 | |||||
| 1530 | |||||
| 1600 | |||||
| 1630 | |||||
| 1700 | |||||
| 1730 | |||||
| 1800 |
| Mon | Tue | Wed | Thu | Fri | |||
|---|---|---|---|---|---|---|---|
| 930 | 19541 TUT (T1) 0930-1020 Wed TR+96, ONLINE Wk2-9,11-13, Teaching Wk10 | 19541 TUT (T1) 0930-1020 Wed TR+96, ONLINE Wk2-9,11-13, Teaching Wk10 | 19545 TUT (T5) 0930-1020 Thu TR+95, ONLINE Wk2-9,11-13, Teaching Wk10 | 19545 TUT (T5) 0930-1020 Thu TR+95, ONLINE Wk2-9,11-13, Teaching Wk10 | |||
| 1000 | |||||||
| 1030 | 19542 TUT (T2) 1030-1120 Wed TR+96, ONLINE Wk2-9,11-13, Teaching Wk10 | 19542 TUT (T2) 1030-1120 Wed TR+96, ONLINE Wk2-9,11-13, Teaching Wk10 | 19546 TUT (T6) 1030-1120 Thu TR+95, ONLINE Wk2-9,11-13, Teaching Wk10 | 19546 TUT (T6) 1030-1120 Thu TR+95, ONLINE Wk2-9,11-13, Teaching Wk10 | |||
| 1100 | |||||||
| 1130 | 19547 TUT (T7) 1130-1220 Thu TR+95, ONLINE Wk2-9,11-13, Teaching Wk10 | 19547 TUT (T7) 1130-1220 Thu TR+95, ONLINE Wk2-9,11-13, Teaching Wk10 | |||||
| 1200 | |||||||
| 1230 | 19548 TUT (T8) 1230-1320 Thu TR+95, ONLINE Wk2-9,11-13, Teaching Wk10 | 19548 TUT (T8) 1230-1320 Thu TR+95, ONLINE Wk2-9,11-13, Teaching Wk10 | |||||
| 1300 | |||||||
| 1330 | |||||||
| 1400 | |||||||
| 1430 | |||||||
| 1500 | |||||||
| 1530 | 19543 TUT (T3) 1530-1620 Wed TR+96, ONLINE Wk2-9,11-13, Teaching Wk10 | 19543 TUT (T3) 1530-1620 Wed TR+96, ONLINE Wk2-9,11-13, Teaching Wk10 | COMMON LEC (LEC1) 1530-1720 Thu LT5, ONLINE Wk1-9,11-13, Teaching Wk10 | COMMON LEC (LEC1) 1530-1720 Thu LT5, ONLINE Wk1-9,11-13, Teaching Wk10 | |||
| 1600 | |||||||
| 1630 | 19544 TUT (T4) 1630-1720 Wed TR+96, ONLINE Wk2-9,11-13, Teaching Wk10 | 19544 TUT (T4) 1630-1720 Wed TR+96, ONLINE Wk2-9,11-13, Teaching Wk10 | |||||
| 1700 | |||||||
