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DRPS : Course Catalogue : School of Economics : Economics

Postgraduate Course: Intermediate Microeconomics Intensive SGPE Summer School (ECNM11047)

Course Outline
SchoolSchool of Economics CollegeCollege of Arts, Humanities and Social Sciences
Credit level (Normal year taken)SCQF Level 11 (Postgraduate) AvailabilityAvailable to all students
SCQF Credits0 ECTS Credits0
SummaryThis course covers what one would encounter in a typical intermediate undergraduate microeconomics course. Topics to be covered include consumption, production, uncertainty and strategic interaction in microeconomics.
Course description This course is designed to develop a solid understanding of the core economic models and insights from intermediate microeconomic syllabi in a two-week period. The course is structured as a combination of daily lectures and tutorials (exercise classes) with extra reading to prepare for each class. The work load is heavy and consistent, both to cover the material and to adapt students to the pace of a graduate course. In this course students will discover how economies grow, why some countries have high inflation while others maintain stable prices, and why all countries have positive unemployment rates and sometimes experience recessions.
Entry Requirements (not applicable to Visiting Students)
Pre-requisites Co-requisites
Prohibited Combinations Other requirements All students enrolled on the Summer school MUST hold an offer for MSc Economics (PTMSCECNSG1F/P) or MSc Economics (Econometrics) (PTMSCECNEC1F/P) or MSc Economics (Finance) (PTMSCECNF12F/3P) at the University of Edinburgh.
Information for Visiting Students
Pre-requisitesIntroductory Microeconomics (though in exceptional cases, students with no economics background may be admitted)
High Demand Course? Yes
Course Delivery Information
Academic year 2023/24, Available to all students (SV1) Quota:  None
Course Start Flexible
Timetable Timetable
Learning and Teaching activities (Further Info) Total Hours: 0 ( Lecture Hours 30, Seminar/Tutorial Hours 18, Formative Assessment Hours 6, Directed Learning and Independent Learning Hours 0 )
Assessment (Further Info) Written Exam 90 %, Coursework 10 %, Practical Exam 0 %
Additional Information (Assessment) Writing assignment (10%)
Exam (90%)
Feedback Not entered
Exam Information
Exam Diet Paper Name Hours & Minutes
Outwith Standard Exam Diets August2:00
Learning Outcomes
Students will be presented with core microeconomic theory that is covered in a typical intermediate undergraduate course in microeconomics. The essential tools and technical language (e.g. calculus) used in microeconomic analysis will be developed. The ultimate goal is that students will be able to take on the more advanced material covered in the MSc.
Reading List
Perfloff's Microeconomics with Calculus (3rd ed., ISBN: 0273789988)
Day 1: Ch2 (Supply and Demand)
Day 2: Ch3 (Consumption)
Day 3: Ch4 (Demand)
Day 4: Ch6 (Firms and Production)
Day 5: Ch7 (Costs)

End of week 1; weekend reading / writing assignment

Day 6: Ch8 (Competitive Markets)
Day 7: Ch10 (General Equilibrium)
Day 8: Ch13 (Game Theory)
Day 9: Ch16 (Uncertainty)
Day 10: Ch18 (Information)
Additional Information
Graduate Attributes and Skills Upon completion, students will improve their ability to develop a deep understanding of new concepts in a relatively short period of time. The tools of formal microeconomic analysis covered in this course can easily be applied to other quantitatively rigorous disciplines.
Keywordsmicroeconomics,Intermediate microeconomics,consumer theory,producer theory,general equilibrium
Course organiserDr Ana Nuevo-Chiquero
Tel: (0131 6)51 5937
Course secretaryMs Grace Oliver
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