Type A
|
Code |
Competences Specific | | A1 |
Understand the basic micro-and macroeconomic principles involved in business management.
|
Type B
|
Code |
Competences Transversal | | B2 |
Effective solutions to complex problems |
Type C
|
Code |
Competences Nuclear | | C1 |
Have an intermediate mastery of a foreign language, preferably English |
| C4 |
Be able to express themselves correctly both orally and in writing in one of the two official languages of the URV |
Type A
|
Code |
Learning outcomes |
| A1 |
Analyze the behavior of producers in different market structures.
Analyze individual decision making in situations of uncertainty.
Analyze situations of strategic interaction.
Analyze situations in which information is asymmetric.
|
Type B
|
Code |
Learning outcomes |
| B2 |
Draw up strategies to solve problems.
Find appropriate solutions.
|
Type C
|
Code |
Learning outcomes |
| C1 |
Understand instructions about classes or tasks assigned by the teaching staff.
Understand routine information and articles.
Understand the general meaning of texts that have non-routine information in a familiar subject area.
Take notes during a class.
| | C4 |
Produce well-structured, clear and rich written texts
|
Topic |
Sub-topic |
Part I: GAME THEORY |
|
Unit 1. Static games
|
1.1 Normal-form game
1.2 Rationality and information
1.3 Solutions of static games in pure strategies
1.4 Solutions of static games in mixed strategies
|
Unit 2. Dynamic games |
2.1 Extensive-form games
2.2 Solutions of dynamic games
2.3 Repeated games |
Part II: MARKETS AND MARKET STRUCTURES |
|
Unit 3. Monopoly |
3.1 Concept and causes of monopoly
3.2 Monopoly profit maximization
3.3 Comparing monopoly and perfect
competition: Welfare cost of monopoly
3.4 Price discrimination
3.5 Natural monopoly
|
Unit 4. Oligopoly |
4.1 Cournot model of duopoly
4.2 Collusion
4.3 Cartel stability
4.4 Stackelberg model of duopoly
4.5 Entry barriers
4.6 Bertrand model of duopoly |
Part III: DECISION THEORY UNDER UNCERTAINTY AND ASYMMETRIC INFORMATION |
|
Unit 5. Choice under uncertainty |
5.1 Expected utility theory
5.2 Risk aversion
5.3 Applications |
Unit 6. Asymmetric information |
6.1 Moral hazard
6.2 Adverse selection
6.3 Signaling
6.4 Principal-agent problem |
Methodologies :: Tests |
|
Competences |
(*) Class hours
|
Hours outside the classroom
|
(**) Total hours |
Introductory activities |
|
1 |
1 |
2 |
Lecture |
|
39 |
66 |
105 |
Problem solving, exercises in the classroom |
|
11 |
20 |
31 |
Personal attention |
|
0.5 |
0 |
0.5 |
|
Practical tests |
|
6 |
1 |
7 |
Mixed tests |
|
2 |
0 |
2 |
Oral tests |
|
0.5 |
2 |
2.5 |
|
(*) On e-learning, hours of virtual attendance of the teacher. (**) The information in the planning table is for guidance only and does not take into account the heterogeneity of the students. |
Methodologies
|
Description |
Introductory activities |
Activities designed to make contact with students, collect information from them and introduce the subject. |
Lecture |
Description of the contents of the subject. |
Problem solving, exercises in the classroom |
Formulation, analysis, resolution and debate of a problem or exercise related to the topic of the subject. |
Personal attention |
Time that each teacher has to speak to pupils and resolve their doubts.
|
Description |
On the first day of classes students will receive information about how and when can they contact the professors to solve queries and questions of the subject. |
Methodologies |
Competences
|
Description |
Weight |
|
|
|
|
Practical tests |
|
Continuing assessment. The students will take two exams throughout the course regarding all the theoretical and practical contents of the subject (15% each). |
30% |
Mixed tests |
|
The student will take a final exam about all the contents of the subject. It is necessary to pass the final exam to get the average with the continuing assessment (i.e., the student can only pass the course if at least a 5 on the final exam is obtained). |
60% |
Oral tests |
|
10 minuts group exposition in the class-room about one of the 6 chapters of the subject. The groups and the selection of chapters will be held during the first lecture. The grade of the group will depend on the exposition, which can be made by any of the components of the group. The presenter will be chosen by the teacher the day of the presentation. Furthermore, the teacher will make some question to the others members of the grup. Henceforth, the grade of each of the components of the group may be different. |
10% |
Others |
|
|
|
|
Other comments and second exam session |
It is not allowed the use or possession of communication and data transmission devices during the exams. There will be an exam (second call) with a weight of 100% of the final mark. |
Basic |
José Manuel Giménez Gómez , Maria Llop Llop , Carolina Manzano Tovar, Problemas resueltos de microeconomía intermedia, Primera, Ediciones Pirámide
Nicholson, W. , Teoría Microeconomica: Principios básicos y aplicaciones, 7ª edició, McGraw-Hill
Pindyck, R. S. i D. L. Rubinfeld , Microeconomía, 7ª edició, Prentice Hall
Varian, Hal R. , Microeconomía intermedia: un enfoque actual, 7ª edició, Antoni Bosch
Mochrie, R., Intermediate Microeconomics, , Palgrave
|
|
Complementary |
Gravelle, H. i R. Ress, Microeconomía, 3ª edició, Pearson Prentice Hall
|
|
Subjects that it is recommended to have taken before |
INTRODUCTION TO MICROECONOMICS/16214004 | MATHEMATICS II/16214009 |
|
(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation. |
|