Public University of Navarre



Academic year: 2022/2023 | Previous academic years:  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: 176306 Subject title: MICROECONOMICS II
Credits: 6 Type of subject: Mandatory Year: 2 Period: 1º S
Department: Economía
Lecturers
LLORENTE ERVITI, LORETO (Resp)   [Mentoring]

Partes de este texto:

 

Module/Subject matter

Economic Analysis. Microeconomics.

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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 analyse and summarize.

CG02: Capacity to organise and plan.

CG03: Oral and writing communication.

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

CE04 Use professional criteria for economic analysis, preferably those based on the handling of technical instruments.

CE07 Contribute to the good management of resource allocation in both the private and public spheres.

CE09 Contribute rationality to the analysis and description of any aspect of economic reality.

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Learning outcomes

R1: Define resource scarcity and describe the most relevant resource allocation models in economics. 

R2: Defining and interpreting prices in a market economy.

R3: Use the fundamentals of consumer theory to represent and interpret the demand in a market for a particular good or service.

R5: Define, obtain and interpret the balance in a perfectly competitive market.

R8: Define efficiency and optimality in economy and apply these concepts to different market structures.

R9: Know the main results of the welfare theory and use them to evaluate examples with real economies.

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Methodology

In the theoretical sessions, the lecturer will present the contents. In some cases, the lecturer will propose to the students a previous work so that, in the class, they can work on the contents more interactively. Likewise, exercises will be proposed and solved within the theoretical sessions, some of which will be collected for assessment.

In the practical sessions, which will be developed in computer classrooms, we will work on applying theory with exercises and interactive activities.

ALLOCATION OF THE ECTS

ACTIVITY / HOURS

PRESENTIAL: 60

- BIG GROUP: 46

- SMALL GROUP:14

NON-PRESENTIAL: 90

- PREPARATION AND STUDY OF CONTENTS: 40

- INDIVIDUAL HOMEWORK: 25

- WORK IN GROUP: Although group work is recommended, the writing and assessment will be individual. 20

- TUTORIAL SESSIONS: 3

- OTHER: 2 (Exam and possible revision)

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Relationship between formative activities and proficiencies

Theoretical sessions: CB1, CB2, CG01, CG02, CG07, CG08, CE01, CE04, CE07, CE09

Practical Sessions: CB1, CB2, CG01, CG02, CG05, CG07, CG08, CG18, CE01, CE04, CE07, CE09

Preparation of individual papers or exercises: CG01, CG02, CG03, CG05, CG07, CG08, CG18, CE01, CE04, CE07, CE09

Preparation of papers or exercises in group: CG01, CG02, CG03, CG05, CG07, CG08, CG09, CG18, CE01, CE04, CE07, CE09

Individualized or small group tutorial sessions: CG01, CG07, CE01, CE04, CE07, CE09

Personal study: CB1, CB2, CG01, CG02, CG05, CG07, CG08, CG18, CE01, CE04, CE07, CE09

Examination: CB1, CB2, CG01, CG02, CG03, CG07, CG08, CE01, CE04, CE07, CE09

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Languages

English.

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Evaluation

 

Learning
outcome
Assessment
activity
Weight (%) It allows
test resit
Minimum
required grade
R1, R2, R3, R5, R8, R9 Final exam 70% Yes 3
R1, R2, R3, R5, R8, R9 Exercises carried out individually and collectively, in-class and out-of-class. Periodical tests in the computer room. 30% Yes  

 

 

 

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Contents

The Consumer problem (Preferences, Utility and Consumer Demand). General Equilibrium Model. Efficiency and Fundamental Theorems of Welfare Economics. Market Failures: externalities, public goods and information problems.

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Agenda

The consumer problem.

Budget restriction and preferences.

Utility Maximization. Individual demand functions.

Comparative statics and types of goods.

Substitution and Income Effects.

Consumer surplus.

Labour supply.

Market demand. Interrelated markets.

General equilibrium pure exchange.

General equilibrium with production.

Market failures: Externalities and public goods.

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Bibliography

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


Course handbook:

"TheConsumer" App iOS / Android available on the App Store and Google Play

Besanko, D. Y Braeutigam, R. "Microeconomics". Wiley ed.

Other useful textbooks:

J. Puértolas y L. Llorente. "Microeconomía Interactiva II", Ed. Pirámide.

H. Varian. "Intermediate Microeconomics". Antoni Bosch.

W. Nicholson. "Microeconomic Theory". Thomson.

Pindyck and Rubinfeld. "Microeconomics". Prentice Hall.

J.M. Perloff. "Microeconomics". Pearson.

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Location

Regular classroom for theoretical sessions and computer room for the practical sessions.

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