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- Term 1
A background in economics is important, though no mathematical ability is assumed.
Objectives and learning outcomes of the course
On successful completion of the course, students will be able to:
1. Summarise the critical assumptions behind theoretical models and their relevance for policy making in developing countries
2. Show an understanding of the relative merits of game theory, economics of asymmetric information and of externalities when applied to developing countries.
3. Illustrate through case studies examples of risk theory and theories of collective action and of general equilibrium and welfare economics
Method of assessmentAssessment weighting: Exam 70% / Coursework 30% (1 essay). All coursework is resubmittable.
- Kreps, Game Theory and Economic Modelling, Oxford University Press, 1990.
- Varian, H., Microeconomic Analysis, W.W. Norton & Co, London 1992.