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â—„Faculty of Economics and Administrationâ–ş
COURSE PRO FORMA
EXGA6120 ADVANCED MICROECONOMICS
Learning Outcomes At the end of this course, students are able to:
(1) Analyse the core topic areas of microeconomics at the
advanced level via the mathematical approach;
(2) Apply microeconomics theory to a variety of problems
and issues in economics;
(3) Demonstrate quantitative and analytical reasoning
skills; and
(4) Propose solutions based or microeconomics principles.
Synopsis of Course This course will analyse microeconomic theory in terms of
Contents the classical approach as well as modern microeconomic
theory. The course will focus on the core topic areas of
microeconomics such as the consumer theory, the theory of
the firm, market structures, public goods, externalities, risk
and uncertainty and asymmetric information. The combined
application basic mathematic tools and microeconomic
theory will give the student the opportunity to develop
quantitative and analytical reasoning skills.
Assessment Methods Continuous Assessment: 50%
Final Examination: 50%
Main Reference (1) Henderson, J.M. & Quandt, R.E., Microeconomics
Theory: A Mathematical Approach, Third Edition,
1990.
(2) Varian, H.R., Microeconomics Analysis, Third Edition,
1992.
EXGA6121 ADVANCED MACROECONOMICS
Learning Outcomes At the end of this course, students are able to:
(1) Analyse fundamental macroeconomic theory;
(2) Compare the different macroeconomic approaches;
(3) Apply macro models in analysis of economic problem;
and
(4) Evaluate the outcomes of macro-models.
Synopsis of Course This course encompasses the development of 2 basic
Contents neoclassical models namely the infinite horizon and
overlapping generations models. This is followed by
discussions on Real Business Cycle Theory, traditional
Keynesian Theory, New Keynesian Economics,
Consumption, Investment and Monetary.
Assessment Methods Continuous Assessment: 50%
Final Examination: 50%
Main Reference (1) Romer, D.(2001) Advanced Macroeconomics. Second
Edition. New York, McGraw Hill.
(2) Blanchard, O. And Fisher, S.(1989) Lectures on
Macroeconomics, Cambridge, Mass:MIT.
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