Advanced Microeconomics 10 credits

This course provides you with a rigorous and analytical understanding of modern microeconomic theory and its applications. It helps you further develop the mathematical and analytical tools needed to analyse complex economic problems and to understand how individuals, firms, and institutions make decisions. The course strengthens your ability to think formally about economic relationships and equips you with techniques required for advanced economic modelling, preparing you for applied research and data-driven analysis in policy or business contexts. You will study topics central to microeconomic analysis, including consumer and producer theory, optimisation, duality, and comparative statics. You will apply these tools to model and interpret market structures, welfare outcomes, and efficiency implications. The course also explores externalities, public goods, and regulation, showing how theory informs real-world policy design and resource allocation. Strategic interaction is examined through game theory, focusing on Nash equilibrium, oligopoly behaviour, bargaining, and markets with asymmetric information. Numerical and computational methods are introduced to complement theoretical analysis and strengthen your ability to implement and interpret models in practice. By the end of the course, you will be able to formulate and solve advanced microeconomic models, critically evaluate theoretical and empirical research, and apply analytical tools to interpret complex market outcomes. You will also be prepared to use mathematical and computational techniques to connect theory with applied econometric and data analysis work in the wider programme.