Educational guide Faculty of Business and Economics |
english |
Bachelor's Degree in Business Administration and Management (2009) |
Subjects |
INTRODUCTION TO MICROECONOMICS |
Contents |
IDENTIFYING DATA | 2019_20 |
Subject | INTRODUCTION TO MICROECONOMICS | Code | 16214004 | |||||
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 | Definition of economy Market economy Model development The perfect competition Model |
DEMAND and SUPPLY | |
2. Demand fundamentals | Budgetary restriction Consumer Preferences Consumer's Choice Demand function |
3. Demand | Demand Movements Market demand Elasticity |
4. Supply fundamentals in a competitive environment | Production function and costs of producing Profit maximization Supply function |
5. Supply | Supply Movements Market supply Elasticity |
EFFICIENCY AND COMPETITIVE MARKETS | |
6. Market equilibrium | Equilibrium and market forces Comparative statics |
7. The efficiency of markets | Consumer surplus and producer surplus Market efficiency Efficiency and international trade |
MARKET FAILURE AND GOVERNMENT INTERVENTION | |
8. Economic inequality and income distribution | Income inequalities Measure of economic inequality State intervention: Maximum and minimum prices State intervention: Tax and subsidies on the quantities |
9. Market Failures | Externalities Public goods Information problems |
10. State interventions on market failures | Pigou taxes Property rights Provision of public goods |