Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa
Public University of Navarre
| Course code: 177206 | Subject title: MICROECONOMICS | ||||
| Credits: 6 | Type of subject: Basic | Year: 1 | Period: 2º S | ||
| Department: Economía | |||||
| Lecturers: | |||||
| CORREA LOPERA, GUADALUPE (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: Identify relevant economic information sources for the company and their content.
RA02: Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.
RA04: Understand the nature of the company as an organization with different interdependent functional areas interacting with agents with different interests.
RA06: Know the principles of economic analysis to be able to contribute to the efficient allocation of resources.
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
| Learning outcome |
Assessment activity |
Weight (%) | It allows test resit |
Minimum required grade |
|---|---|---|---|---|
| Final Exam | 70 | Yes (exam) | 3 | |
| Intermediate exam and other activities | 30 | Yes (exam) | 0 |
Agenda
a. UNITIES
Demand. Production. The competitive market.
b. TOPICS
Introduction and basic concepts.
The individual consumer's problem (preferences, utility and individual demand).
Technology.
Cost Minimization.
Cost curves.
Competitive supply in the short term.
Industry supply. Long term equilibrium.
Imperfect competition models.
c. ACTIVITIES
Exercices and work with interactive figures made with Mathematica.
d. OTHER RESOURCES.
Internet, Aulario Virtual y Web Server.
Bibliography
Access the bibliography that your professor has requested from the Library.
Besanko, D. and R. Braeutigam. "Microeconomics" (2020, Third Edition), International student version, Wiley ed.
Pindyck, R. S. and Rubinsten. "Microeconomics" (2013, Eighth Edition), International edition. Pearson ed.