Teaching plan for the course unit

 

 

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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

 

 

Estimated learning time

Total number of hours 150

 

Face-to-face and/or online activities

60

 

-  Lecture with practical component

Face-to-face and online

 

45

 

-  Problem-solving class

Face-to-face and online

 

15

Supervised project

40

Independent learning

50

 

 

Recommendations

 


Microeconomics III closes the cycle of subjects in microeconomics of the bachelor’s degree and students are expected to have completed the previous subjects in order to take full profit of the contents. Mainly, students should have full understanding of the basic concepts in microeconomics analysis (demand, production, costs, market forms, etc.) and should master the mathematical and graphic analytical tools of microeconomics.

 

 

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.

Learning objectives

 

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.

 

 

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

2. 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

 

 

Teaching methods and general organization

 

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.

As a result of the project to promote teaching quality that is being implemented in the Faculty of Economics and Business (promoted by the Research, Innovation and Teaching and Learning Improvement [RIMDA] unit and the Office of the Vice-Rector for Teaching and Academic Planning), the teaching methodology for some subject groups may differ slightly from that described above.

 

 

Official assessment of learning outcomes

 

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.

Students who fail to submit one of the exercises are not entitled to continuous assessment and must instead take the single assessment option.

Students sit a final examination at the end of the course, which is worth the remaining 60% of the final grade, to show the objectives of the subject have been met. The examination contains long-answer questions, which require students to provide reasoned responses with the appropriate demonstration or graphical illustration. In their answers, students show whether they have acquired the appropriate knowledge.

If the group’s lecturer decides to consider the activities qualifying, students who pass the activities need not complete the final examination or may only answer questions on a section of the course’s teaching blocks. This is specified in each group’s programme.

The EUS and GIE groups may follow a different assessment procedure. In that case, the details are included in the subject’s programme.

In case methodological changes affect the assessment system established for the subject, the details will be announced to the groups that are involved in the project.

Repeat assessment

The marks for continuous assessment exams are not taken into account. Students repeating assessment sit a written examination containing questions and problems, worth 100% of the 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.

 

 

Reading and study resources

Check availability in Cercabib

Book

VILLAR, Antonio (2006) : Microeconomía. McGraw Hill.

Catāleg UB  Enllaç

KREPS, David M. (1995): Curso de teoría microeconómica. McGraw-Hill.

Catāleg UB  Enllaç

MAS-COLELL, Andreu. [et al] (1995): Microeconomic theory. Oxford University Press.

Catāleg UB  Enllaç

MATÉ GARCÍA, Jorge ; PÉREZ  D.Carlos (2007) :  Microeconomía avanzada : cuestiones y ejercicios resueltos. Prentice Hall.

Catāleg UB  Enllaç

PASHIGIAN, B. Peter (1996): Teoría de los precios y aplicaciones. McGraw Hill.

Catāleg UB  Enllaç

VARIAN, Hal (1992): Análisis microeconómico. Antoni Bosch.

Catāleg UB  Enllaç

VILLAR, Antonio (1999): Lecciones de microeconomía. Antoni Bosch.

Catāleg UB  Enllaç

ALTMAN, Morris (2006): Handbook of contemporary behavioral economics : foundations and developments . Armonk, N.Y. : M.E. Sharpe, 2006

Catāleg UB  Enllaç

NICOLA, Dimitri ; BASILI, Marcelo. (2003) : Cognitive processes and economic behaviour .London : Routledge,

Catāleg UB  Enllaç

WILKINSON, Nick (2012): An Introduction to Behavioral Economics. Wiley.

Catāleg UB  Enllaç

FRANTZ, Roger ; SHU-HENG, Chen. [et al]  (2017): Routledge handbook of behavioral econòmics. London : Routledge, Taylor & Francis Group

Catāleg UB  Enllaç

PERLOFF, Jeffrey M. (2007): Microeconomics. Pearson/Addison Wesley.

Catāleg UB  Enllaç