Module Catalogues, Xi'an Jiaotong-Liverpool University   
 
Module Code: MTH407
Module Title: Microeconomics for Financial Mathematics
Module Level: Level 4
Module Credits: 5.00
Academic Year: 2016/17
Semester: SEM1
Originating Department: Mathematical Sciences
Pre-requisites: N/A
   
Aims
We are trying to set up an economic discipline considering the behavior of individual agents and building from this foundation to a theory of aggregate economic outcomes.
Learning outcomes 
By the end of this module students should be able to understand, analyze, and apply the following:


(a) Preference and choice, especially the role of the decision maker, the preference-based and the choice- based approaches.

(b) Consumer choice: the consumption set, the consumer’s Walrasian budget set and the consumer’s Walrasian demand function.

(c) Fundamentals of classical demand theory: utility maximization, expenditure minimization, and duality

(d) Aggregate demand and production: aggregate demand as a function of prices and aggregate wealth, the weak axiom, and welfare significance.

(e) Choice under uncertainty (expected utility theory), especially the theory of the individual’s and firm’s decision making.


Method of teaching and learning 
Lectures and homework exercises
Syllabus 
Personal Lecture notes:

- Preference and choice

- Consumer choice

- Fundamentals of classical demand theory

- Aggregate demand and production

- Choice under uncertainty (expected utility theory)

Delivery Hours  
Lectures Seminars Tutorials Lab/Prcaticals Fieldwork / Placement Other(Private study) Total
Hours/Semester 39    13      98  150 

Assessment

Sequence Method % of Final Mark
1 Assignment 25.00
2 Class Test 15.00
3 Final Exam 60.00

Module Catalogue generated from SITS CUT-OFF: 8/20/2019 6:24:21 PM