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General information |
Course unit name: Microeconomics III
Course unit code: 366723
Academic year: 2025-2026
Coordinator: F. Xavier Raurich Puigdevall
Department: Department of Economics
Credits: 6
Single program: N
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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 and online |
45 |
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- Problem-solving class |
Face-to-face and online |
15 |
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Supervised project |
40 |
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Independent learning |
50 |
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Recommendations |
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Competences / Learning outcomes to be gained during study |
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Learning skills for independent further study of mathematics or other related scientific disciplines. |
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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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Ability to apply the knowledge acquired and analytical skills for solving academic and professional problems. |
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Capacity to take decisions from an economic perspective. |
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Capacity to manage and allocate resources in the private and public sectors. |
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Capacity to construct mathematical models of simple, real-life situations. |
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Capacity to analyse organizations and the environment in which they operate. |
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Ability to produce critical analyses of economic theories and models. |
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Understanding of the applications of mathematics in other branches of science and technology. |
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Knowledge and understanding of the nature, sources and uses of economic information and of the appropriate software for processing and analysing economic data. |
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Learning objectives |
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Referring to knowledge This subject comprises an in-depth and rigorous analysis of the behaviour of economic agents and their interaction within markets, as well as the social desirability of results achieved. It also serves as an introduction to formal analysis, in order to develop proficiency in the use of tools for economic analysis. |
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Teaching blocks |
1. Consumer and producer theory
1.1. Consumption, preferences and utility function
1.2. Demand
1.3. Possibilities for production and technology
1.4. Profit maximization
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General equilibrium and welfare
2.1. Pure exchange economies: existence and efficiency of Walrasian equilibrium
2.2. Economies with production: existence and efficiency of Walrasian equilibrium
2.3. Analysis of equilibrium: uniqueness, stability and core
2.4. Market failures and public economics
3. Uncertainty and asymmetric information
3.1. Uncertainty
3.2. Asymmetric information: principal and agent
3.3. Types of contracts
4. Extensions of market analysis
4.1. Imperfection in competitive markets
4.2. Non-cooperative strategies: predatory prices, disputed or contestable markets and entry barriers
4.3. Market structure and innovation
4.4. Information economics
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Teaching methods and general organization |
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Practical sessions, where the group is split in two subgroups. These sessions are used to complete various activities: continuous assessment tasks, problem-solving, presentations, group tutorials, discussion of texts related to the teaching blocks explained in the classroom, previously set as reading material. The schedule for these sessions is described in the subject’s programme. |
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Official assessment of learning outcomes |
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Students are asked to submit one or several exams done in class for assessment. Students may also be required to read a book or academic articles (and subsequently write a summary and commentary on it) and view a documentary film. The overall mark for these assignments is worth at least 40% of the final grade.
Examination-based assessment Single assessment consists of a final examination at the end of the course to show the objectives of the subject have been met. The examination contains long-answer questions and problems, which require students to provide reasoned responses with the appropriate demonstration or graphical illustration. |
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Reading and study resources |
Check availability in Cercabib
Book
VILLAR, Antonio (2006) : Microeconomía. McGraw Hill.
KREPS, David M. (1995): Curso de teoría microeconómica. McGraw-Hill.
MAS-COLELL, Andreu. [et al] (1995): Microeconomic theory. Oxford University Press.
MATÉ GARCÍA, Jorge ; PÉREZ D.Carlos (2007) : Microeconomía avanzada : cuestiones y ejercicios resueltos. Prentice Hall.
PASHIGIAN, B. Peter (1996): Teoría de los precios y aplicaciones. McGraw Hill.
VARIAN, Hal (1992): Análisis microeconómico. Antoni Bosch.
VILLAR, Antonio (1999): Lecciones de microeconomía. Antoni Bosch.
ALTMAN, Morris (2006): Handbook of contemporary behavioral economics : foundations and developments . Armonk, N.Y. : M.E. Sharpe, 2006
NICOLA, Dimitri ; BASILI, Marcelo. (2003) : Cognitive processes and economic behaviour .London : Routledge,
WILKINSON, Nick (2012): An Introduction to Behavioral Economics. Wiley.
FRANTZ, Roger ; SHU-HENG, Chen. [et al] (2017): Routledge handbook of behavioral econòmics. London : Routledge, Taylor & Francis Group
PERLOFF, Jeffrey M. (2007): Microeconomics. Pearson/Addison Wesley.