IDENTIFYING DATA 2021_22
Subject (*) INTRODUCTION TO MICROECONOMICS Code 16204004
Study programme
Bachelor's Degree in Finances and Accounting
Cycle 1st
Descriptors Credits Type Year Period
6 Basic Course First 1Q
Language
Anglès
Castellà
Català
Department Economics
Coordinator
PÉREZ LACASTA, MARIA JOSÉ
OSÓRIO DA COSTA , ANTÓNIO MIGUEL
LLOP LLOP, MARIA
CARLES LAVILA, MISERICÒRDIA
E-mail maria.llop@urv.cat
misericordia.carles@urv.cat
mariajose.perez@urv.cat
antonio.osoriodacosta@urv.cat
mariajose.hernandez@urv.cat
Lecturers
LLOP LLOP, MARIA
CARLES LAVILA, MISERICÒRDIA
PÉREZ LACASTA, MARIA JOSÉ
OSÓRIO DA COSTA , ANTÓNIO MIGUEL
HERNÁNDEZ LEAL, MARÍA JOSÉ
Web
General description and relevant information <p><font><font>The course provides fundamental knowledge of economic theory, in particularly microeconomic analysis of markets</font></font></p>

Competences
Type A Code Competences Specific
 A7 Understand basic micro- and macroeconomic principles and their influence on the financial sector.
Type B Code Competences Transversal
 B1 Learning to learn
 B7 Sensitivity to environmental issues
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

Learning outcomes
Type A Code Learning outcomes
 A7 Explain and analyze the perfect competition market.
Analyze the effects of market failures in competitive markets.
Understand how local and national markets integrate into the international market.
Type B Code Learning outcomes
 B1 Put into practice the approaches, methods and experiments put forward by the teaching staff in a disciplined fashion.
 B7 Coneix el concepte de desenvolupament sostenible
Identify the problems and consequences of sustainable development.
Acquire the skills and attitudes required to integrate the concept of sustainable development into decision taking.
Type C Code Learning outcomes
 C1 Understand instructions about classes or tasks assigned by the teaching staff.
 C4 Produce written texts that are appropriate to the communicative situation

Contents
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 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
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. Intervenció de l'Estat Preus màxims i mínims
Impost i subsidis sobre la quantitat
MARKET FAILURE AND GOVERNMENT INTERVENTION
9. Market failures Externalities
Public goods
Information problems

Planning
Methodologies  ::  Tests
  Competences (*) Class hours
Hours outside the classroom
(**) Total hours
Introductory activities
A7
1 1 2
Lecture
A7
26 50 76
Problem solving, exercises
A7
B1
C1
C4
26 35 61
Self-monitoring activities
A7
B1
0 4 4
Personal attention
B1
3 0 3
 
Mixed tests
A7
B1
2 0 2
Short-answer objective tests
A7
B1
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).
Self-monitoring activities Activities proposed to the student that serve so that the student can self-regulate his learning.
This activity is part of the evaluation.
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        
Self-monitoring activities
A7
B1
Different tests to be developed in each of the parts of the program 10%
Mixed tests
A7
B1
Examination of all the contents of the subject. It consists of short questions, test-type questions and exercises.
60%
Short-answer objective tests
A7
B1
2 partial controls of the subject 30%
Others  
 
Other comments and second exam session

Comment about the 1st call (continuous evaluation): At the end of the semester there is a final exam representing 60% of the continuous evaluation (short-answer objective tests + self-monitoring activities). Regardless of what the marks obtained in the other tests of continuous evaluation, approving the final exam is a necessary condition to pass the subject. If this exam is not passed, the final grade of the first call will be the grade of this final exam.

Comment about the 2nd call: consist of an examination that will worth 100% of the final grade. This test is based on the resolution of multiple choice questions, short questions and/or exercises.


Sources of information

Basic

· Bernanke, B. i Frank, R. (2007): Principiosde economía. Ed.McGrawHill, Madrid.

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

· Mankiw, NG i Taylor MP (2017): Economía. Ed. Paraninfo, Madrid.

· Samuelson, P. i Nordhaus, WD (2010): Economía. Ed.McGrawHill, Madrid.

· Schiller, BR (2008): Principios de economía. Ed.McGrawHill, Madrid.

Complementary

Recommendations

Subjects that continue the syllabus
MICROECONOMY/16204103

Subjects that are recommended to be taken simultaneously
MATHEMATICS I/16204008

(*)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.