IDENTIFYING DATA 2022_23
Subject (*) ECONOMY AND INDUSTRIAL ORGANIZATION Code 20725201
Study programme
Technology and Engineering Management (2017)
 Cycle 2nd
Descriptors Credits Type Year Period
6 Optional 1Q
Language
Anglès
Department Economics
Coordinator
OSÓRIO DA COSTA , ANTÓNIO MIGUEL
 E-mail antonio.osoriodacosta@urv.cat
Lecturers
OSÓRIO DA COSTA , ANTÓNIO MIGUEL
Web
General description and relevant information <p>The course provides fundamental knowledge of economic theory, in particularly microeconomic analysis of markets. </p>

Competences
Type A Code Competences Specific
 A1.1 Apply knowledge of business managment to technology companies and their functional areas while taking into account the multidiscplinary and ill-defined nature of the process of scientific and technical innovation.
 A1.5 Analyse the complexity of the micro- and macroeconomic and legal environment of technology and innovation companies in a changing and ill-defined context.
Type B Code Competences Transversal
Type C Code Competences Nuclear

Learning outcomes
Type A Code Learning outcomes
 A1.1 Estimates in a basic manner the economic feasibility of investment projects.
 A1.5 Uses basic economic knowledge to analyse the socioeconomic context of business organisations.
Type B Code Learning outcomes
Type C Code Learning outcomes

Contents
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

Planning
Methodologies  ::  Tests
  Competences (*) Class hours
 Hours outside the classroom
 (**) Total hours
Introductory activities
2 1 3
Lecture
A1.1
A1.5
 26 0 26
Problem solving, exercises
A1.1
A1.5
 26 0 26
Personal attention
2 0 2
 
Practical tests
A1.1
 2 0 2
Mixed tests
A1.1
 2 0 2
 
(*) 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
Methodologies
  Description
Introductory activities Presentation of the course (program, method, evaluation, etc.)
Lecture Presentation in class of the theory and methods
Problem solving, exercises Analysis of problems and exercises related to the subjects of the course, made by the students (outside the classroom) and the professor (in class).
Personal attention Personalized attention to clarify doubts (at the beginning of the period of teaching, each professor will indicate specific weekly hours).

Personalized attention
Description
Personalized attention to clarify doubts (at the beginning of the period of teaching, each professor will indicate specific weekly hours).

Assessment
Methodologies Competences Description Weight        
Practical tests
A1.1
 Deliver exercises sets 45%
Mixed tests
A1.1
 Final Exam 55%
Others  
 
Other comments and second exam session

If the student does not carry out on continuous evaluation, the student will have a final exam with a 100% weighting.

Sources of information

Basic

BERNANKE, B. S. y FRANK, R. H.: Principles of Economics., 4th ed., McGraw-Hill, 2008.

Krugman, P.; Wells, R. i Graddy, K. (2014): Fundamentos de Economía. 3ª edició. Ed. Reverté, Barcelona

MANKIW, N. Gregory: Principles of Economics. 4th ed., Elsevier, 2008.

Samuelson, P. and Nordhaus, W. D., 17th ad., Economics., Ed. McGrawHill.

Schiller, B. R. and Hill, C., Essentials of Economics, 9th Edition. Ed. McGrawHill.
Complementary

Recommendations
(*)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.