diff --git a/.changes/unreleased/Fixes-20241028-132751.yaml b/.changes/unreleased/Fixes-20241028-132751.yaml
new file mode 100644
index 00000000000..6e1f79b9b9c
--- /dev/null
+++ b/.changes/unreleased/Fixes-20241028-132751.yaml
@@ -0,0 +1,6 @@
+kind: Fixes
+body: 'Fix ''model'' jinja context variable type to dict '
+time: 2024-10-28T13:27:51.604093-04:00
+custom:
+  Author: michelleark
+  Issue: "10927"
diff --git a/core/dbt/materializations/incremental/microbatch.py b/core/dbt/materializations/incremental/microbatch.py
index da8930acb89..690083f3c3e 100644
--- a/core/dbt/materializations/incremental/microbatch.py
+++ b/core/dbt/materializations/incremental/microbatch.py
@@ -1,5 +1,5 @@
 from datetime import datetime, timedelta
-from typing import List, Optional
+from typing import Any, Dict, List, Optional
 
 import pytz
 
@@ -99,6 +99,26 @@ def build_batches(self, start: datetime, end: datetime) -> List[BatchType]:
 
         return batches
 
+    def build_batch_context(self, incremental_batch: bool) -> Dict[str, Any]:
+        """
+        Create context with entries that reflect microbatch model + incremental execution state
+
+        Assumes self.model has been (re)-compiled with necessary batch filters applied.
+        """
+        batch_context: Dict[str, Any] = {}
+
+        # Microbatch model properties
+        batch_context["model"] = self.model.to_dict()
+        batch_context["sql"] = self.model.compiled_code
+        batch_context["compiled_code"] = self.model.compiled_code
+
+        # Add incremental context variables for batches running incrementally
+        if incremental_batch:
+            batch_context["is_incremental"] = lambda: True
+            batch_context["should_full_refresh"] = lambda: False
+
+        return batch_context
+
     @staticmethod
     def offset_timestamp(timestamp: datetime, batch_size: BatchSize, offset: int) -> datetime:
         """Truncates the passed in timestamp based on the batch_size and then applies the offset by the batch_size.
diff --git a/core/dbt/task/run.py b/core/dbt/task/run.py
index 7a321e69d30..0700880c617 100644
--- a/core/dbt/task/run.py
+++ b/core/dbt/task/run.py
@@ -489,28 +489,29 @@ def _execute_microbatch_materialization(
         materialization_macro: MacroProtocol,
     ) -> List[RunResult]:
         batch_results: List[RunResult] = []
+        microbatch_builder = MicrobatchBuilder(
+            model=model,
+            is_incremental=self._is_incremental(model),
+            event_time_start=getattr(self.config.args, "EVENT_TIME_START", None),
+            event_time_end=getattr(self.config.args, "EVENT_TIME_END", None),
+            default_end_time=self.config.invoked_at,
+        )
+        # Indicates whether current batch should be run incrementally
+        incremental_batch = False
 
         # Note currently (9/30/2024) model.batch_info is only ever _not_ `None`
         # IFF `dbt retry` is being run and the microbatch model had batches which
         # failed on the run of the model (which is being retried)
         if model.batch_info is None:
-            microbatch_builder = MicrobatchBuilder(
-                model=model,
-                is_incremental=self._is_incremental(model),
-                event_time_start=getattr(self.config.args, "EVENT_TIME_START", None),
-                event_time_end=getattr(self.config.args, "EVENT_TIME_END", None),
-                default_end_time=self.config.invoked_at,
-            )
             end = microbatch_builder.build_end_time()
             start = microbatch_builder.build_start_time(end)
             batches = microbatch_builder.build_batches(start, end)
         else:
             batches = model.batch_info.failed
-            # if there is batch info, then don't run as full_refresh and do force is_incremental
+            # If there is batch info, then don't run as full_refresh and do force is_incremental
             # not doing this risks blowing away the work that has already been done
             if self._has_relation(model=model):
-                context["is_incremental"] = lambda: True
-                context["should_full_refresh"] = lambda: False
+                incremental_batch = True
 
         # iterate over each batch, calling materialization_macro to get a batch-level run result
         for batch_idx, batch in enumerate(batches):
@@ -532,9 +533,11 @@ def _execute_microbatch_materialization(
                         batch[0], model.config.batch_size
                     ),
                 )
-                context["model"] = model
-                context["sql"] = model.compiled_code
-                context["compiled_code"] = model.compiled_code
+                # Update jinja context with batch context members
+                batch_context = microbatch_builder.build_batch_context(
+                    incremental_batch=incremental_batch
+                )
+                context.update(batch_context)
 
                 # Materialize batch and cache any materialized relations
                 result = MacroGenerator(
@@ -547,9 +550,9 @@ def _execute_microbatch_materialization(
                 batch_run_result = self._build_succesful_run_batch_result(
                     model, context, batch, time.perf_counter() - start_time
                 )
-                # Update context vars for future batches
-                context["is_incremental"] = lambda: True
-                context["should_full_refresh"] = lambda: False
+                # At least one batch has been inserted successfully!
+                incremental_batch = True
+
             except Exception as e:
                 exception = e
                 batch_run_result = self._build_failed_run_batch_result(
diff --git a/tests/functional/microbatch/test_microbatch.py b/tests/functional/microbatch/test_microbatch.py
index 02c6976c848..46cbb2cdbfc 100644
--- a/tests/functional/microbatch/test_microbatch.py
+++ b/tests/functional/microbatch/test_microbatch.py
@@ -42,6 +42,31 @@
 select * from {{ ref('input_model') }}
 """
 
+invalid_batch_context_macro_sql = """
+{% macro check_invalid_batch_context() %}
+
+{% if model is not mapping %}
+    {{ exceptions.raise_compiler_error("`model` is invalid: expected mapping type") }}
+{% elif compiled_code and compiled_code is not string %}
+    {{ exceptions.raise_compiler_error("`compiled_code` is invalid: expected string type") }}
+{% elif sql and sql is not string %}
+    {{ exceptions.raise_compiler_error("`sql` is invalid: expected string type") }}
+{% elif is_incremental is not callable %}
+    {{ exceptions.raise_compiler_error("`is_incremental()` is invalid: expected callable type") }}
+{% elif should_full_refresh is not callable %}
+    {{ exceptions.raise_compiler_error("`should_full_refresh()` is invalid: expected callable type") }}
+{% endif %}
+
+{% endmacro %}
+"""
+
+microbatch_model_with_context_checks_sql = """
+{{ config(pre_hook="{{ check_invalid_batch_context() }}", materialized='incremental', incremental_strategy='microbatch', unique_key='id', event_time='event_time', batch_size='day', begin=modules.datetime.datetime(2020, 1, 1, 0, 0, 0)) }}
+
+{{ check_invalid_batch_context() }}
+select * from {{ ref('input_model') }}
+"""
+
 microbatch_model_downstream_sql = """
 {{ config(materialized='incremental', incremental_strategy='microbatch', unique_key='id', event_time='event_time', batch_size='day', begin=modules.datetime.datetime(2020, 1, 1, 0, 0, 0)) }}
 select * from {{ ref('microbatch_model') }}
@@ -324,6 +349,27 @@ def test_run_with_event_time(self, project):
         self.assert_row_count(project, "microbatch_model", 5)
 
 
+class TestMicrobatchJinjaContext(BaseMicrobatchTest):
+
+    @pytest.fixture(scope="class")
+    def macros(self):
+        return {"check_batch_context.sql": invalid_batch_context_macro_sql}
+
+    @pytest.fixture(scope="class")
+    def models(self):
+        return {
+            "input_model.sql": input_model_sql,
+            "microbatch_model.sql": microbatch_model_with_context_checks_sql,
+        }
+
+    @mock.patch.dict(os.environ, {"DBT_EXPERIMENTAL_MICROBATCH": "True"})
+    def test_run_with_event_time(self, project):
+        # initial run -- backfills all data
+        with patch_microbatch_end_time("2020-01-03 13:57:00"):
+            run_dbt(["run"])
+        self.assert_row_count(project, "microbatch_model", 3)
+
+
 class TestMicrobatchWithInputWithoutEventTime(BaseMicrobatchTest):
     @pytest.fixture(scope="class")
     def models(self):
diff --git a/tests/unit/materializations/incremental/test_microbatch.py b/tests/unit/materializations/incremental/test_microbatch.py
index 5c368f535a9..8581e074ee7 100644
--- a/tests/unit/materializations/incremental/test_microbatch.py
+++ b/tests/unit/materializations/incremental/test_microbatch.py
@@ -488,6 +488,33 @@ def test_build_batches(self, microbatch_model, start, end, batch_size, expected_
         assert len(actual_batches) == len(expected_batches)
         assert actual_batches == expected_batches
 
+    def test_build_batch_context_incremental_batch(self, microbatch_model):
+        microbatch_builder = MicrobatchBuilder(
+            model=microbatch_model, is_incremental=True, event_time_start=None, event_time_end=None
+        )
+        context = microbatch_builder.build_batch_context(incremental_batch=True)
+
+        assert context["model"] == microbatch_model.to_dict()
+        assert context["sql"] == microbatch_model.compiled_code
+        assert context["compiled_code"] == microbatch_model.compiled_code
+
+        assert context["is_incremental"]() is True
+        assert context["should_full_refresh"]() is False
+
+    def test_build_batch_context_incremental_batch_false(self, microbatch_model):
+        microbatch_builder = MicrobatchBuilder(
+            model=microbatch_model, is_incremental=True, event_time_start=None, event_time_end=None
+        )
+        context = microbatch_builder.build_batch_context(incremental_batch=False)
+
+        assert context["model"] == microbatch_model.to_dict()
+        assert context["sql"] == microbatch_model.compiled_code
+        assert context["compiled_code"] == microbatch_model.compiled_code
+
+        # Only build is_incremental callables when not first batch
+        assert "is_incremental" not in context
+        assert "should_full_refresh" not in context
+
     @pytest.mark.parametrize(
         "timestamp,batch_size,offset,expected_timestamp",
         [