Educational guide Faculty of Business and Economics |
english |
Double Degree in Business Admin. and Management and Finance Accountancy |
Subjects |
INTRODUCTION TO MICROECONOMICS |
Contents |
IDENTIFYING DATA | 2018_19 |
Subject | INTRODUCTION TO MICROECONOMICS | Code | 16904004 | |||||
Study programme |
|
Cycle | 1st | |||||
Descriptors | Credits | Type | Year | Period | ||||
6 | Basic Course | First | 1Q |
Competences | Learning outcomes | Contents |
Planning | Methodologies | Personalized attention |
Assessment | Sources of information | Recommendations |
Topic | Sub-topic |
BASIC CONCEPTS | |
1. Introduction | |
2. Demand | Components Elasticity Market demand |
3. Supply | Components Elasticity Market demand |
4. Market equilibrium | Equilibrium and market forces Comparative statics |
FIRMS AND CONSUMERS BEHAVIOR | |
5. The theory of consumer choice | The budget constraint Consumer's preferences The consumer's optimal choice |
6. Firms in competitive markets | The production function and total costs curve Profit maximization Competitive firm's supply curve |
EFFICIENCY AND WELFARE ECONOMICS | |
7. The efficiency of markets | Consumer surplus and producer surplus Market efficiency Efficiency and international trade |
8. Government intervention | Price ceilings and floors Taxes and subsidies on quantities Tax incidence over consumers and producers |
9. Income inequality | The measurement of inequality Policies to reduce poverty |
MARKET FAILURE | |
10. Externalities | Externalities and market inefficiency Public policies toward externalities Private solutions to externalities |
11. Public goods | The different kinds of goods The importance of property rights |
12. The problem of incomplete information | Different types of information failure Asymmetric information |