Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa
Public University of Navarre
| Course code: 176204 | Subject title: MICROECONOMICS | ||||
| Credits: 6 | Type of subject: Basic | Year: 1 | Period: 2º S | ||
| Department: Economía | |||||
| Lecturers: | |||||
| ARLEGI PEREZ, RICARDO (Resp) [Mentoring ] | GARCIA POLA, BERNARDO (Resp) [Mentoring ] | ||||
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
Part 4 - Market Power
7. Monopoly, Monopsony and Oligopoly
Learning outcomes
RA01: Understand the principles of economic analysis, from its microeconomic and/or macroeconomic perspective, in order to contribute to efficient resource allocation.
RA02: Analyze economic institutions as the result and application of theoretical or formal representations of how the economy works.
RA07: Understand the relationship between verbal, graphical, mathematical, and econometric analysis in the study of economics.
RA13: Apply rationality to the analysis and description of any aspect of economic reality.
RA15: Apply mathematical tools to synthesize complex economic problems.
RA18: Work in a team, being able to argue their proposals and validate or reasonably refuse the arguments of others.
RA19: Organize work, in terms of good time management, order, and planning.
RA20: Select and generate the necessary information for each problem, analyze it, and make decisions based on it.
RA21: Value ethical, social, and environmental commitment in professional practice.
RA22: Continue learning in the future independently, deepening the knowledge acquired or starting in new areas of knowledge.
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)
Evaluation
| All | Final Exam | 70 | Yes (exam) | 3 |
| All | Intermediate exams and other activities | 30 | Yes (exam) | 0 |
Agenda
- Consumer theory.
- Technology
- Cost minimization
- Supply function of the competitive firm in the short run
- Industry supply
- Competitive equilibrium
- Imperfect competition
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.