Public University of Navarre
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| Course code: 176204 | Subject title: MICROECONOMICS | ||||
| Credits: 6 | Type of subject: Basic | Year: 1 | Period: 2ยบ S | ||
| Department: Economics | |||||
| Lecturers | |||||
| CASARES POLO, MIGUEL | |||||
Descriptors
Demand and Supply Analysis. Production and Cost Theory. Perfect Competition. Imperfect Competition.
General proficiencies
- Learning to solve simple economic problems.
- Reading, writing and speaking in English.
- Team work.
Specific proficiencies
- Analyze the main economic decisions of firms (output, pricing, labor demand).
- Examine how economic agents interact in the market.
- Discuss economic problems with a scientific perspective.
Methodology
- Three 90-minute lectures every two weeks. Single group.
- One 90-minute practice session every two weeks. Students will be split up into two small groups. Proactive and Interactive student work. Occasionally, exercises will be solved with software packages (Mathematica, Excel,…).
Contents
Part 1 - Introduction To Microeconomics
1. Analyzing Economic Problems
2. Demand and Supply Analysis
Part 2- Production and Cost Theory
3. Inputs and Production Functions
4. Costs and Cost Minimization
5. Cost Curves
Part 3 - Perfect Competition
6. Perfectly Competitive Markets
7. Competitive Markets: Applications
Part 4 - Market Power
8. Monopoly and Monopsony
9. Capturing Surplus
Bibliography
Besanko, D. and R. Braeutigam. “Microeconomics” (2008, Third Edition), International student version, Wiley ed.