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
|
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 |
|
42 |
63 |
105 |
Problem solving, classroom exercises |
|
11 |
22 |
33 |
Personal tuition |
|
0.5 |
0 |
0.5 |
|
Practical tests |
|
6 |
1.5 |
7.5 |
Mixed tests |
|
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
|
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, classroom exercises |
Formulation, analysis, resolution and debate of a problem or exercise related to the topic of the subject. |
Personal tuition |
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 |
|
This subject is divided in three parts. The students will take three exams throughout the course (15% each).
|
45% |
Mixed tests |
|
The students will take a final exam about all the contents of the subject. |
55% |
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 |
Gadner, R. , Juegos para empresarios y economistas, , Antoni Bosch
Gibbons, R. , Un primer curso en teoría de juegos, , Antoni Bosch
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
|
|
Complementary |
Gravelle, H. i R. Ress, Microeconomía, 3ª edició, Pearson Prentice Hall
|
|
Subjects that it is recommended to have taken before |
MATHEMATICS II/16204009 | MATHEMATICS I/16204008 | INTRODUCTION TO MICROECONOMICS/16204004 |
|
(*)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. |
|