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Teaching GuideTerm Faculty of Economics and Business |
| Grao en Economía |
 Subjects |
| Microeconomics and Markets |
| Contents |
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| Identifying Data | 2021/22 | |||||||||||||
| Subject | Microeconomics and Markets | Code | 611G01012 | |||||||||||
| Study programme |
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| Descriptors | Cycle | Period | Year | Type | Credits | |||||||||
| Graduate | 1st four-month period |
Second | Obligatory | 6 | ||||||||||
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| Topic | Sub-topic |
| 1. INTRODUCTION. COMPETITIVE MARKETS AND GENERAL EQUILIBRIUM. | 1.1. Introduction. Competitive markets and general equilibrium 1.2. Edgeworth box and Pareto efficiency |
| 2. MARKET POWER. MONOPOLY | 2.1. Market Power and imperfect competition. 2.2. Market Power: monopoly 2.3. The social costs of monopoly power. 2.4. Natural monopoly and price regulation. |
| 3. PRICE DISCRIMINATION | 3.1. First-degree discrimination. 3.2. Second-degree discrimination 3.3. Third-degree discrimination. |
| 4. MONOPSONY AND VERTICAL INTEGRATION | 4.1. Monopsony. 4.2. Vertical integration. |
| 5. MONOPOLISTIC COMPETITION AND PRODUCT DIFFERENTIATION | 5.1. Monopolistic competition. 5.2. Product differentiation. The role of advertisement. 5.3. Short and long run equilibrium. |
| 6. INTRODUCTION TO OLIGOPOLY AND STRATEGIC INTERDEPENDENCE | 6.1. Introduction to game theory: the Nash equilibrium. 6.2. Models of oligopolies: non-cooperative solutions: Cournot, Bertrand y Stackelberg. 6.3. Models of oligopolies: cooperative solutions. Collusion. |
| 7. SOCIAL WELFARE. MARKET FAILURES. EXTERNALITIES AND PUBLIC GOODS. | 7.1. Externalities and inefficiency. 7.2. Externalities, property rights and Coase's theorem. 7.3. Public goods, exclusion and rivalry. 7.1. Externalidades e ineficiencia. Regulación de las 7.3. Benes públicos, exclusión y rivalidad. |
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