Public University of Navarre



Academic year: 2023/2024 | Previous academic years:  2022/2023  |  2021/2022  |  2020/2021  |  2019/2020 
International Double Bachelor's degree in Economics, Management and Business Administration at the Universidad Pública de Navarra
Course code: 176204 Subject title: MICROECONOMICS
Credits: 6 Type of subject: Basic Year: 1 Period: 2º S
Department: Economía
Lecturers:
CORREA LOPERA, GUADALUPE (Resp)   [Mentoring ]

Partes de este texto:

 

Module/Subject matter

Economic Analysis. Microeconomics.

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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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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

SP01 Understand economic institutions are as a result and application of theoretical or formal representations about how the economy works.

SP04 Use professional criteria for economic analysis, preferably those based on the handling of technical instruments.

SP07 Contribute to the good management of resource allocation in both the private and public spheres.

SP09 Contribute rationality to the analysis and description of any aspect of economic reality.

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Learning outcomes

R_AE_01. Define resource scarcity and describe the most relevant resource allocation models in economics.

R_AE_02. Defining and interpreting prices in a market economy

R_AE_03. Use the fundamentals of consumer theory to represent and interpret the demand in a market for a particular good or service

R_AE_04. Use the fundamentals of production theory to represent and interpret the short-term supply in a market of a particular good or service.

R_AE_05. Define, obtain and interpret the balance in a perfectly competitive market.

R_AE_06. Describe and identify elements of a market that limit competition.

R_AE_07. Defining, obtaining and interpreting balance in a non-competitive market

R_AE_08. Define efficiency and optimality in economy and apply these concepts to different market structures.

R_AE_09. Know the main results of the welfare theory and use them to evaluate examples with real economies.

 

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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Evaluation

 

R_AE_01, R_AE_02, R_AE_03, R_AE_04, R_AE_05, R_AE_06, R_AE_07, R_AE_0, R_AE_09 Final Exam 70 Yes (exam) 3
R_AE_01, R_AE_02, R_AE_03, R_AE_04, R_AE_05, R_AE_06, R_AE_07, R_AE_0, R_AE_09 Intermediate exams and other activities 30 Yes (exam) 0

 

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Agenda

- Consumer theory.

- Technology

- Cost minimization

- Supply function of the competitive firm in the short run

- Industry supply

- Competitive equilibrium

- Imperfect competition

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Bibliography

Access the bibliography that your professor has requested from the Library.


Básica/obligatoria:

Besanko, D. and R. Braeutigam. "Microeconomics" (2020, Third Edition), International student version, Wiley ed.

Recomendada/complementaria:

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

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Languages

English.

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Location

Campus de Arrosadia.

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