Course guide of Microeconomics 2 (2391124)

Curso 2023/2024
Approval date: 26/06/2023

Grado (bachelor's degree)

Bachelor'S Degree in Economics

Branch

Social and Legal Sciences

Module

Análisis Económico

Subject

Microeconomía II

Year of study

2

Semester

1

ECTS Credits

6

Course type

Compulsory course

Teaching staff

Theory

  • Carlos Aller Arranz. Grupos: A, B, C y D
  • Ignacio Jiménez Hernández. Grupos: C y D
  • Ricardo Martínez Rico. Grupos: A, B, C y D

Practice

  • Carlos Aller Arranz Grupos: 1 y 2
  • Ignacio Jiménez Hernández Grupos: 3, 4, 5, 6, 7 y 8

Timetable for tutorials

Carlos Aller Arranz

Email
  • First semester
    • Wednesday de 14:30 a 20:30 (Fac. Económicas. B314)
  • Second semester
    • Wednesday de 14:30 a 20:30 (Fac. Económicas. B314)

Ignacio Jiménez Hernández

Email
  • First semester
    • Tuesday de 09:30 a 13:30 (Fac. Económicas B318)
    • Thursday de 11:30 a 13:30 (Fac. Económicas B318)
  • Second semester
    • Tuesday de 16:30 a 17:30 (Fac. Económicas B330)
    • Wednesday de 17:30 a 20:00 (Fac. Económicas B330)
    • Thursday de 17:30 a 20:00 (Fac. Económicas B330)

Ricardo Martínez Rico

Email
  • First semester
    • Wednesday de 10:30 a 12:30 (Fac. Económicas. B-309)
    • Thursday de 08:30 a 10:30 (Fac. Económicas. B-309)
    • Friday de 08:30 a 10:30 (Fac. Económicas. B-309)
  • Second semester
    • Wednesday de 10:30 a 12:30 (Fac. Económicas. B-309)
    • Thursday de 08:30 a 10:30 (Fac. Económicas. B-309)
    • Friday de 08:30 a 10:30 (Fac. Económicas. B-309)

Prerequisites of recommendations

Not required

Brief description of content (According to official validation report)

  • Perfect competition
  • Monopolistic and oligopolistic competition
  • Introduction to game theory
  • General equilibrium and market failures

General and specific competences

General competences

  • CG03. Ability to analyse and summarise.
  • CG05. Oral and written communication skills in Spanish.
  • CG08. Problem-solving skills.
  • CG10. Ability to work in a team.
  • CG11. Ability to work in an interdisciplinary team.
  • CG13. Skills in interpersonal relationships.
  • CG15. Ability to communicate with other areas of knowledge.
  • CG16. Ability to engage in critical and self-critical reasoning.
  • CG17. Ability to learn and work autonomously.
  • CG24. Ability to apply knowledge to practice.
  • CG25. Ability to search for information and research.
  • CG26. Ability to design and manage projects.

Specific competences

  • CE17. Identify and anticipate economic problems relevant to the general allocation of resources in the public and private sector.
  • CE22. Bring rationality to the analysis and description of any aspect of economic reality.
  • CE23. Evaluate the consequences of alternative courses of action and select the best ones given the objectives.
  • CE24. Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.
  • CE30. Issue advisory reports on specific situations in the economy (international, national or regional) or its sectors.
  • CE32. Communicate fluently in an environment and work in a team.
  • CE38. Derive from the data relevant information not accessible to non-professionals.
  • CE39. Regularly use Information and Communication Technologies (ICTs) in their professional activities.
  • CE40. Read and communicate professionally in more than one language, especially in English.
  • CE41. Apply professional criteria based on the use of theoretical instruments to the analysis of problems.
  • CE42. Ethical commitment at work. Ability to work in a team. Critical and self-critical reasoning. Work in an international context.
  • CE43. Motivation for quality.
  • CE59. Contribute to the proper management of resource allocation in both the private and public sectors.
  • CE68. Understand the main microeconomic and macroeconomic models.
  • CE69. Understand the functioning of imperfectly competitive markets.
  • CE70. Understand the main models of industrial economy.
  • CE71. Understand the Game Theory.

Transversal competences

  • CT01. Through the knowledge and application of concepts learnt in the Bachelor's Degree (Grado), be able to identify and anticipate economic problems relevant to the allocation of resources, both in the public and private sectors.
  • CT02. Know, understand and apply the different economic models to provide rationality to the analysis and description of any aspect of reality, and be able to know the economic choice criteria of the different agents that make up society.
  • CT03. Learn to communicate fluently in an environment and to work in a team, both in a national and an international context.

Objectives (Expressed as expected learning outcomes)

  • As a result of successfully completing this course unit, the student will be able to:
  • Analyse empirical facts related to the strategic behaviour of agents representing a market, using the models described on the unit
  • Understand what market power is and what consequences it can have for the wellbeing of society
  • Be familiar with the effects of externalities, in terms of both production and consumption, on the wellbeing of society.

Detailed syllabus

Theory

  • Lesson 1. Perfect Competition
  • Lesson 2. Monopoly and Monopolistic Competition
  • Lesson 3. Duopoly
  • Lesson 4. The Exchange Economy
  • Lesson 5. Externalities and Market Failures
  • Lesson 6. Public Goods

Practice

  • Lesson 1. Perfect Competition
  • Lesson 2. Monopoly and Monopolistic Competition
  • Lesson 3. Duopoly
  • Lesson 4. The Exchange Economy
  • Lesson 5. Externalities and Market Failures
  • Lesson 6. Public Goods

Bibliography

Basic reading list

  • Serrano, R., & Feldman, A. (2018). A Short Course in Intermediate Microeconomics with Calculus (2nd ed.). Cambridge: Cambridge University Press.

Complementary reading

  • Varian, H.L. (2015), Microeconomía Intermedia. Novena edición, Antoni Bosch
  • Pindyck, R.S. y Rubinfeld D.L. (2022, 9th edition), Microeconomcs, Pearson Education, UK

Recommended links

Teaching methods

  • MD01. Docencia presencial en el aula 
  • MD02. Estudio individualizado del alumno, búsqueda, consulta y tratamiento de información, resolución de problemas y casos prácticos, y realización de trabajos y exposiciones. 
  • MD03. Tutorías individuales y/o colectivas y evaluación  

Assessment methods (Instruments, criteria and percentages)

Ordinary assessment session

  • Final exam, 70%. This exam will be a test questionnaire. Wrong answers will penalize.
  • Group assessment, 15%. It will be a presentation on applications of some of the models analyzed during the course.
  • Student participation, 15%. Student’s active participation will be evaluated according to her performance, behavior, quantity and quality of his comments/questions, etc.

In order to pass the subject, it is required to get a grade higher or equal to 3 (out of 10) in the final exam. Otherwise, the global mark will be "non passed", with the numeric grade resulting from the minimum between 2.5 and the weighted sum of the three components of the assessment.

Extraordinary assessment session

  • This exam will be a test questionnaire. Wrong answers will penalize. The grade of this assessment will be the mark obtained in this exam.

Single final assessment

  • This exam will be a test questionnaire. Wrong answers will penalize. The grade of this assessment will be the mark obtained in this exam.

Additional information

The Department of Economic Theory and History, in accordance with the Regulations for the attention to students with disabilities and other specific educational support needs (approved by the Governing Board of the University of Granada on 20th September 2016) will promote the right to education under conditions of equal opportunities to students with disabilities and other specific educational support needs. The necessary assistance actions will be established to achieve their full and effective inclusion, guaranteeing their right to inclusive education, in accordance with the principles of non-discrimination, equal opportunities and universal accessibility, so that they can achieve the maximum possible development of their personal and , in any case, the objectives established in general for all students.

Likewise, according to article 11 current Rules for Assessment of students at the University of Granada, the evaluation systems will be adapted to students with disabilities or other specific needs of educational support, guaranteeing in any case their rights and favouring their inclusion in university studies

The information in this guide may be modified due to supervening circumstances, changes in regulations or new guidelines that may be given by the health authorities, the University, or the School of Economics and Management.