IDENTIFYING DATA 2011_12
Subject (*) INTRODUCTION TO MICROECONOMICS Code 16214004
Study programme
Degree of Business Administration and Management (2009)
 Cycle 1st
Descriptors Credits Type Year Period
6 Basic Course First First
Language
Anglès
Castellà
Català
Department Economia
Coordinator
PÉREZ LACASTA, MARIA JOSÉ
DAHM ., MATTHIAS
LLOP LLOP, MARIA
PONCE ALIFONSO, FRANCISCO JAVIER
 E-mail maria.llop@urv.cat
sebastian.cano@urv.cat
mariajose.perez@urv.cat
xavier.ponce@urv.cat
matthias.dahm@urv.cat
patricia.esteve@urv.cat
Lecturers
LLOP LLOP, MARIA
CANO BERLANGA, SEBASTIÁN
PÉREZ LACASTA, MARIA JOSÉ
PONCE ALIFONSO, FRANCISCO JAVIER
DAHM ., MATTHIAS
ESTEVE GONZÁLEZ, PATRICIA
Web
General description and relevant information L'assignatura proporciona els coneixements fonamentals de la teoria econòmica, en particular l'anàlisi microeconòmica dels mercats.

Competences
Type A Code Competences Specific
 A1 Students understand the basic micro-and macroeconomic principles involved in business management.
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
 A1 Students can explain and analyze the perfect competition market.
Students can analyze the effects of market failures in competitive markets.
Students 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
Introduction
PART I. Competitive markets
1. Competitive Markets: demand • Incentives and Exchange
• Market demand,
• The law of demand and price elasticity of demand
2. Competitive Markets: supply and equilibrium • Market supply, production, factor prices and other factors
• The law of supply and price elasticity of supply
• Equilibrium and market forces
• Comparative static analysis
• Welfare analysis: consumer surplus, producer surplus and efficiency
3. Intervention in Competitive Markets • Price ceilings and minimum wages
• Taxes and subsidies
• Tax incidence
4. International Trade • Integration of a small market
• Integration of a large market
• Tariffs, import quotas, export subsidies
PART II. Market failures
5. Externalities, Public Goods and Incomplete Information • Externalities: a problem for markets
• Solutions
• The problem of providing public goods through markets
• Solutions to the insufficient private provision of public goods
• The lack of information: a problem for markets
• Solutions
6. Market Power • Imperfect competition
• Monopoly
• Solutions

Planning
Methodologies  ::  Tests
  Competences (*) Class hours
 Hours outside the classroom
 (**) Total hours
Introductory activities
A1
 2 1 3
Lecture
A1
 37 44 81
Problem solving, exercises
A1
B1
C1
C4
 13 45 58
Personal tuition
B1
 2 0 2
 
Practical tests
A1
B1
C1
C4
 4 0 4
Objective short-answer tests
A1
B1
C1
C4
 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, worked out by students (outside the classroom) and the professor (in class).

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        
Objective short-answer tests
A1
B1
C1
C4
 A final exam on all subjects (short open questions or multiple choice). 70%
Practical tests
A1
B1
C1
C4
 A series of tests in class on the problems and exercises worked out by students outside the classroom. 30%
Others  
 
Other comments and second exam session

In the second examination period (2a convocatòria) the evaluation will consist of a comprehensive exam (short open questions or multiple choice) which will determine 100% 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.

Complementary

Recommendations


 
Other comments
More details as classes begin.
(*)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.