2009_10
University
Rovira y Virgili
Educational guide 
Facultat de Ciències Econòmiques i Empresarials
A A 
 
 
Grau d'Administració i Direcció d'Empreses (2009)
 Subjects
  INTRODUCCIÓ A LA MICROECONOMIA
   Contents
Topic Sub-topic
Introduction
PART I. Competitive markets
1. Competitive market • Incentives to trade
• Market demand: consumption, relative prices and other factors
• Market supply: production, relative prices and other factors
• Equilibrium and market forces
• Comparative statics: law of supply and demand; elasticity
• Equilibrium evaluation: consumer surplus, producer surplus, efficiency
2. Intervention in competitive markets • Maximum and minimum prices
• Consumption (production) tax
• Tax burden on consumers and producers
• Subsidies and guaranteed prices
3. Global competitive markets • International integration of a small market
• International integration of a large market
• Tariffs, quotas, export subsidies
PART II. Market failures
4. Public goods • Public goods as a problem for markets
• Solutions to the insufficient private provision of a public good
5. Externalities • Externalities as a problem for markets
• Solutions
6. Incomplete information • Incomplete information as a problem for markets
• Solutions
7. Non-competitive markets • Imperfect competition (causes: economies of scale, barriers to entry)
• Monopoly
• Solutions (regulation, price discrimination)