Advanced Microeconomics

Module code: EC3000

Module co-ordinator: Dr Matthew Polisson

In this module you will further develop your knowledge of microeconomic theory within a more realistic ‘imperfect’ market environment, and, where appropriate, integrate this more advanced theory with issues of policy interest.

Topics covered

  • Key results in consumer theory
  • Concepts such as the Indirect Utility Function and the Expenditure Function
  • Contracts that elicit effort between a principal and multiple agents
  • Situations of asymmetric information (Moral Hazard and Adverse Selection)
  • Basic theory of auctions
  • Basic theory of market design


  • 20 one-hour lectures
  • 6 one-hour seminars


  • Coursework (30%)
  • Exam, 90 minutes (70%)