IDENTIFYING DATA 2015_16
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 Economia
Coordinator
OSÓRIO DA COSTA ., ANTÓNIO MIGUEL
LLOP LLOP, MARIA
MIRAVET ARNAU, DANIEL
PÉREZ LACASTA, MARIA JOSÉ
CANO BERLANGA, SEBASTIÁN
CARLES LAVILA, MISERICÒRDIA
 E-mail maria.llop@urv.cat
sebastian.cano@urv.cat
misericordia.carles@urv.cat
mariajose.perez@urv.cat
xavier.ponce@urv.cat
daniel.miravet@urv.cat
antonio.osoriodacosta@urv.cat
Lecturers
LLOP LLOP, MARIA
CANO BERLANGA, SEBASTIÁN
CARLES LAVILA, MISERICÒRDIA
PÉREZ LACASTA, MARIA JOSÉ
PONCE ALIFONSO, FRANCISCO JAVIER
MIRAVET ARNAU, DANIEL
OSÓRIO DA COSTA ., ANTÓNIO MIGUEL
Web
General description and relevant information The course provides fundamental knowledge of economic theory, in particularly microeconomic analysis of markets.

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
2. Demand • Components
• Elasticity
• Market demand
3. Supply • Components
• Elasticity
• Market demand
4. Market equilibrium • Equilibrium and market forces
• Comparative statics
• Equilibrium analysis: consumers’ surplus, producers’ surplus and efficiency
5. Government intervention • Price ceilings and floors
• Taxes and subsidies on quantities
• Tax incidence over consumers and producers
TOPICS IN MICROECONOMICS
6. Is it positive economic globalization?
7. The problem of externalities
8. The problem of public goods
9. The problem of incomplete information
10. Is there always competition in the markets?

Planning
Methodologies  ::  Tests
  Competences (*) Class hours
 Hours outside the classroom
 (**) Total hours
Introductory activities
A7
 2 1 3
Lecture
A7
 37 37 74
Problem solving, exercises
A7
B1
C1
C4
 13 34 47
Personal tuition
B1
 2 0 2
 
Objective multiple-choice tests
A7
B1
B7
 4 4 8
Practical tests
A7
B1
B7
C1
C4
 1 4 5
Mixed tests
A7
B1
B7
 1 10 11
 
(*) 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 tuition 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        
Mixed tests
A7
B1
B7
 Final exam on the official date: Resolution of multiple choice questions, short questions and/or exercises 50%
Objective multiple-choice tests
A7
B1
B7
 Resolution of multiple choice questions throughout the semester. 40%
Practical tests
A7
B1
B7
C1
C4
 Solving cases, experiments, etc., throughout the semester 10%
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 50% of the continuous evaluation. 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.

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.

During the conduct of examinations it is NOT allowed the use calculators, communication devices and other data transmission mechanisms.

Spelling and grammatical mistakes in the assessment tests will be penalized with a reduction of the grade.

Sources of information

Basic

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

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

Krugman, P., Wells, R. and Olney, M. L., Essentials of economics., 2007 - Worth Publ. - New York, NY.

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.