Level of study Second Year
Credit value 10
Pre-requisite modules None
Other pre-requisites Co-requisite - Microeconomics A - 03338
This course introduces elementary Game Theory and employs these notions to develop simple microeconomic models to highlight the link between Microeconomics and modern Business Cycle Theory. Topics such as Inter-temporal Household Behaviour, Macroeconomic Coordination Failure, Wage and Employment Bargaining between Industry and Labour Unions, Job Search and Unemployment, Bank Runs and Financial Crisis, and Rational Expectations and Effective Monetary Policy will be studied in depth and in response to Exogenous Macroeconomic Shocks.
Teaching and learning methods
2 x lectures per week, 1 x exercise class per fortnight