Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa
Public University of Navarre
| Course code: 178205 | Subject title: MICROECONOMICS II | ||||
| Credits: 6 | Type of subject: Mandatory | Year: 2 | Period: 1º S | ||
| Department: Economía | |||||
| Lecturers: | |||||
| LLORENTE ERVITI, LORETO (Resp) [Mentoring ] | |||||
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.
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
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)
Evaluation
| Learning outcome |
Assessment activity |
Weight (%) | It allows test resit |
Minimum required grade |
|---|---|---|---|---|
| All | Final exam | 70% | Yes | 3 |
| All | Exercises carried out individually and collectively, in-class and out-of-class. Periodical tests in the computer room. | 30% | Yes |
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.
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.
Location
Regular classroom for theoretical sessions and computer room for the practical sessions.