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◄Faculty of Economics and Administration►

EQA 7003 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) Examine economic issues and problems analytically; and
(4) Propose solutions based or microeconomic principles.

Synopsis of Course This course will analyse microeconomic theory in terms of the
Contents 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%
Examination : 50%

Main Reference (1) Wetzstein, M. (2013). Microeconomic Theory: Concepts and
Connections 2 edition. Routledge.
nd
rd
(2) Varian, H.R. (1992). Microeconomics Analysis, 3 ed., W.W.
Norton & Co., New York.
(3) Mas-Colell, A., Winston, M.D., Green, J.R., (1995).
Microeconomic Theory. Oxford University Press, UK.
EQA 7004 ADVANCED MACROECONOMICS

Learning Outcomes At the end of this course, students are able to:

(1) Interpret fundamental macroeconomic theory
(2) Contrast the different macroeconomic approaches
(3) Apply macro models in analysis of economic problem
(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
generation’s 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
(3) Romer, David (2012) Advanced Macroeconomics.New York.
MacGraw Hill

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