Public University of Navarre



Academic year: 2019/2020 | Previous academic years:  2018/2019  |  2017/2018  |  2016/2017 
Double Bachelor's degree in Management, Business Administration and Law (international program) at the Universidad Pública de Navarra
Course code: 177206 Subject title: MICROECONOMICS
Credits: 6 Type of subject: Basic Year: 1 Period: 2º S
Department: Economía
Lecturers
ARLEGI PEREZ, RICARDO (Resp) FERREIRA MAGALHAES, ROSINDA MANUELA

Partes de este texto:

 

Module/Subject matter

Economic Analysis. Microeconomics.

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Descriptors

Demand and Supply Analysis. Production and Cost Theory. Perfect Competition. Imperfect Competition.

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General proficiencies

CB1: Students should prove that they have the knowledge of an area that is already studied at the high school level, but that in the university level is based on more advanced handbooks, including aspects in the vanguard of knowledge of the field.

CB2: Students should be able to apply their knowledge to their work in a professional way. They should be also able to show the usual proficiencies by means of making and defending their positions, and solving problems in their area of study.

CG01: Capacity to analyze and summarize.

CG02: Capacity to organize and planify

CG03: Oral and writing communication in their mother tong.

CG05: Knowledge of computing in relation with their area of study.

CG07: Capacity to solve problems

CG08: Capacity to make decisions

CG09: Capacity to work in a team

CG18: Capacity to adapt to new situations.

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Specific proficiencies

CE01: Understanding of the economic institutions as a result and application of theoretical or formal representations regarding the functioning of the economy.

CE04: Using professional criteria for the economic analysis, specially those based on the use of technical tools.

CE07: Contributing to the good management of the allocation of resources both in the private and in the public sectors.

CE09: Contributing with a rational analysis to the description of whatever aspect of the economy.

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Learning outcomes

R1: Scarcity and resource assignment, price system, theory of consumption and production, non-competitive markets, economic efficiency and theory of welfare.

R4: Theoretical basis of decision-making

R8: Microeconomic models, industrial economy, imperfect competition markets, and economic regulation

Content

Basic Model of perfect competition. The problem of production (technology, cost functions, benefit maximization, firm supply curve, partial equilibrium, Efficiency (Consumer, producer and social surplus), comparative statics (effects of changing taxes, imposing maximum prices etc.). Models of imperfect Competition (Monopoly, Oligopoly, Price discrimination).

All the learning outcomes are related to the training activities and evaluation systems mentioned in the corresponding sections.

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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. Exercises will be solved during the practice sessions.

ALLOCATION OF THE ECTs CREDITSATRIBUCIÓN DE LA CARGA ECTS

ACTIVITY / HOURS

PRESENTIAL 60

  • BIG GROUP 46
  • SMALL GROUP 14

NOT PRESENTIAL 90

  • PREPARATION AND STUDY OF CONTENTS 40
  • INDIVIDUAL HOMEWORK 25
  • WORK IN GROUP. Work in groups is recommended, but the evaluation will be individual. 20
  • TUTORIALS 3
  • OTHERS 2 (Exam and possible revision)

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Languages

English.

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Evaluation

Learning outcome Evaluation Method Weight (%) Recoverable
R1, R4, R8 Final Exam 70 Yes
R1, R4, R8 Intermediate exams and other activities 30 Yes

- During the course the student will be continuously evaluated. This evaluation will be part of the final exam with a weight of %30. However, depending on how the course evolves and the student get involved this percentage could change.

- The remaining qualification will be given by the final exam, which will have both a theoretical and a practical part.

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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, Monopsony and Oligopoly

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Agenda

- Market demand

- Technology

- Cost minimization

- Supply function of the competitive firm in the short run

- Industry supply

- Competitive equilibrium

- The consumer problem (preferences, utility and individual demand).

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Bibliography

Acceda a la bibliografía que su profesor ha solicitado a la Biblioteca.


Besanko, D. and R. Braeutigam. "Microeconomics" (2008, Third Edition), International student version, Wiley ed.

Pindyck, R. S. and Rubinsten. "Microeconomics" (2013, Eighth Edition), International edition. Pearson ed.

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Location

Campus de Arrosadia.

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