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|Course code: 176204||Subject title: MICROECONOMICS|
|Credits: 6||Type of subject: Basic||Year: 1||Period: 2º S|
|GARCIA PRADO, Ariadna María||OSES ERASO, Nuria|
|ALCALDE UNZU, Jorge|
Demand and Supply Analysis. Production and Cost Theory. Perfect Competition. Imperfect Competition.
- Learning to solve simple economic problems.
- Reading, writing and speaking in English.
- Team work.
- 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.
- 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,…).
- Homeworks, 20%
- Practical sessions, 20%
- Partial Exam(s), 20%
- Final Exam, 40%
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
Besanko, D. and R. Braeutigam. “Microeconomics” (2008, Third Edition), International student version, Wiley ed.