NEWCASTLE UNIVERSITY 
ECO3001: Advanced Microeconomics 
Final Examination Guide and Notes 2025 
 
Part A: About This Guide 
Part B: Sample Final Examination Paper 
Part C: Suggested Solutions to Final Exam Paper 
Part D: Final Examination - Hints and Tips 
 
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ECO3001: Advanced Microeconomics (Newcastle University)

£25.00

ACADEMIC YEAR 2025 - 2026

University	Newcastle University
Study Level	Undergraduate
Module Code	ECO3001
Module Name	Advanced Microeconomics
Notes Title	Final Examination Guide and Notes
Page Length	30

Get ready for ECO3001: Advanced Microeconomics at Newcastle University with a clear, focused exam guide. It explains the final exam format, what markers look for, and common question types. Inside you’ll find exam-style papers with full solutions, step-by-step explanations, and practical tips to avoid common mistakes. Use it as a quick reference to strengthen understanding and improve performance in the final exam. Fully updated for the current syllabus and the latest requirements.

Aims:

To introduce the method of game theory and to analyse key institutions of exchange that involve strategic behaviour.
To extend the analysis to allocation mechanisms that arise in situations characterised by asymmetric information.

Outline Of Syllabus:

Game Theory
Exchange and efficiency
Competitive price mechanism
Bargaining
Asymmetric information and contracts
Auctions
Search and matching
Assignment

Intended Knowledge Outcomes

Knowledge of the game theoretical method as applied in economic theory.
An understanding of the major allocation mechanisms present in market economies: price system, bargaining, implicit and explicit contracts, search, matching, assignment and auctions.
An awareness of the impact of market power, trade frictions and asymmetric information on economic behaviour and market outcomes.

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ECO3001: Advanced Microeconomics (Newcastle University)

INFORMATION

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