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General information |
Course unit name: Microeconomics II
Course unit code: 366722
Academic year: 2025-2026
Coordinator: Alexandrina Petrova Stoyanova
Department: Department of Economics
Credits: 6
Single program: S
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Estimated learning time |
Total number of hours 150 |
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Face-to-face and/or online activities |
60 |
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- Lecture with practical component |
Face-to-face |
60 |
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Supervised project |
40 |
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Independent learning |
50 |
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Competences / Learning outcomes to be gained during study |
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Ability to work in a team (capacity to collaborate with others and contribute to a common project, capacity to work in cross-disciplinary and multicultural teams). |
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Capacity to adapt to dynamic environments. |
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Capacity to take decisions from an economic perspective. |
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Ability to produce critical analyses of economic theories and models. |
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Learning objectives |
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Referring to knowledge
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Teaching blocks |
1. Introduction and course objectives
2. Monopoly
2.1. Characteristics of monopoly markets
2.2. Monopoly equilibrium
2.3. Natural monopoly
2.4. Regulation of monopolies
2.5. Extensions: Multi plant monopolies, multiproduct firms; durable goods, and network externalities
3. Price discrimination
3.1. First-, second- and third-degree price discrimination
3.2. Joint sales
4. Imperfect competition models (I)
4.1. Oligopolies: models with homogeneous products (Cournot, Stackelberg, Bertrand)
4.2. Dominant firm model
4.3. Collusion
5. Imperfect competition models (II). Oligopolies: models with differentiated products
5.1. The differentiated Bertrand model
5.2. Horizontal differentiation (Hotelling, Salop)
5.3. Vertical differentiation (quality-based competition)
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Teaching methods and general organization |
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This subject is taught through two main types of activity, following the teaching model adopted by the Faculty of Economics and Business. |
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Official assessment of learning outcomes |
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The main method of evaluation for this subject is continuous assessment.
Examination-based assessment The single assessment consists of a final examination worth 100% of the overall grade. The detailed format and requirements for this examination are published on the Virtual Campus at the beginning of the academic year. |
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Reading and study resources |
Check availability in Cercabib
Book
Cabral, L. (2000). Economía Industrial (2a ed.). McGraw-Hill.
Tirole, J. (1990). La Teoría de la Organización Industrial. Editorial Ariel.
Shy, O. (1998). Industrial organization: Theory and Applications. MIT Press.
Pepall, L; Richardson, D.; Norman, G. (2006). Organización Industrial: Teoría y Práctica Contemporáneas. Thomson Ed.
Pindyck, R.; Rubinfeld, D. (2013). Microeconomía (8a ed.). Pearson Prentice Hall.