Course Details

Country: United Kingdom
Course Title: Advanced Microeconomics
Course Number: EC3000
Course Description: By the end of this module, successful students should be able to: - Compare choices and decisions that involve risk and uncertainty; - Identify preferences towards risk from individual realised choices and predict individual choices from preferences towards risk; - Explain and analysis risk-mitigating strategies; - Discuss how and when financial and insurance markets can be useful for the economy; - Identify, explain and analyse moral hazard in theory and in practical situations; - Identify, explain and analyse adverse selection in theory and in practical situations; - Analyse problems of uncertainty and information through the lens of economic theory.
Language: English
Approved Equivalent: ECON 306
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