Identifying Data 2022/23
Subject (*) Microeconomics and Markets Code 611G01012
Study programme
Grao en Economía
Descriptors Cycle Period Year Type Credits
Graduate 1st four-month period
Second Obligatory 6
Language
Spanish
English
Teaching method Face-to-face
Prerequisites
Department Economía
Coordinador
Picatoste Novo, José María
E-mail
j.pnovo@udc.es
Lecturers
Novo Corti, Maria Isabel
Picatoste Novo, José María
E-mail
isabel.novo.corti@udc.es
j.pnovo@udc.es
Web
General description Estudo da microeconomía a nivel intermedio. Baseándose nos coñecementos adquiridos na materia de principios de microeconomía, se trata de ter unha visión do funcionamento dos mercados no marco da teoría económica.

Study programme competencies
Code Study programme competences
A1 CE1- Contribuír á boa xestión da asignación de recursos tanto no ámbito privado como no público.
A2 CE2-Identificar e anticipar problemas económicos relevantes en relación coa asignación de recursos en xeral, tanto no ámbito privado como no público.
A3 CE3-Aportar racionalidade á análise e á descripción de calquera aspecto da realidade económica.
A4 CE4-Avaliar consecuencias e distintas alternativas de acción e seleccionar as mellores, dados os obxectivos.
A5 CE5-Emitir informes de asesoramento sobre situación concretas da economía (internacional, nacional ou rexional) ou de sectores da mesma.
A6 CE6-Redactar proxectos de xestión económica a nivel internacional, nacional ou rexional. Integrarse na xestión empresarial.
A7 CE7-Identificar as fontes de información económica relevante e o seu contido.
A8 CE8-Entender as institucións económicas como resultado e aplicación de representacións teóricas ou formais acerca de cómo funciona a economía.
A9 CE9-Derivar dos datos información relevante imposible de recoñecer por non profesionais.
A10 CE10-Usar habitualmente a tecnoloxía da información e as comunicación en todo a seu desempeño profesional.
A11 CE11Leer e comunicarse no ámbito profesional en máis dun idioma, en especial en inglés.
A12 CE12-Aplicar á análise dos problemas criterios profesionais baseados no manexo de instrumentos técnicos.
A13 CE13-Comunicarse con fluidez no seu contorno e traballar en equipo.
B1 CB1 - Que os estudantes demostren posuir e comprender coñecementos nun área de estudo que parte da base da educación secundaria xeral, e que soe encontrar nun nivel que, ainda que se apoia en libros de texto avanzados, inclue tamén algúns aspectos que implican coñecementos procedentes da vangarda do seu campo de estudo.
B2 CB2 - Que os estudantes saiban aplicar os seus coñecementos ó seu traballo ou vocación dun xeito profesional e posúan as competencias que se demostran por medio da elaboración e defensa de argumentos e a resolución de problemas dentro da su entorna de traballo.
B3 CB3 - Que os estudantes teñan a capacidade de reunir e interpretar datos relevantes (normalmente dentro da su área de estudo) para emitir xuizos que inclúan unha reflexión sobre temas relevantes de índole social, científica ou ética
B4 CB4 - Que os estudantes poidan transmitir información, ideas, problemas e solucións a un público tanto especializado como non especializado
B5 CB5 - Que os estudantes desenvolvesen aquelas habilidades de aprendizaxe necesarias para emprender estudos posteriores cun alto grao de autonomía
B6 CG1- Que os estudantes formados se convertan en profesionais capaces de analizar, reflexionar e intervir sobre os diferentes elementos que constitúen un sistema económico
B7 CG2 - Que os estudantes coñezan o funcionamento e as consecuencias dos sistemas económicos, as distintas alternativas de asignación de recursos, acumulación de riqueza e distribución da renda e estean en condicións de contribuír ao seu bo funcionamento e mellora
B8 CG3 -Que os estudantes sexan capaces de identificar e anticipar os problemas económicos relevantes, identificar alternativas de resolución, seleccionar as máis axeitadas e avaliar os resultados aos que conduce.
B9 CG4 -Que os estudantes respecten os dereitos fundamentais e de igualdade de oportunidades, non discriminación e accesibilidade universal das persoas con minusvalidez.
C1 CT1-Expresarse correctamente, tanto de forma oral coma escrita, nas linguas oficiais da comunidade autónoma.
C2 Dominar a expresión e a comprensión de forma oral e escrita dun idioma estranxeiro.
C3 Utilizar as ferramentas básicas das tecnoloxías da información e as comunicacións (TIC) necesarias para o exercicio da súa profesión e para a aprendizaxe ao longo da súa vida.
C4 CT2-Desenvolverse para o exercicio dunha cidadanía aberta, culta, crítica, comprometida, democrática e solidaria, capaz de analizar a realidade, diagnosticar problemas, formular e implantar solucións baseadas no coñecemento e orientadas ao ben común.
C5 CT3-Entender a importancia da cultura emprendedora e coñecer os medios ao alcance das persoas emprendedoras.
C6 CT4-Valorar criticamente o coñecemento, a tecnoloxía e a información dispoñible para resolver os problemas cos que deben enfrontarse.
C7 CT5-Asumir como profesional e cidadán a importancia da aprendizaxe ao longo da vida.
C8 CT6-Valorar a importancia que ten a investigación, a innovación e o desenvolvemento tecnolóxico no avance socioeconómico e cultural da sociedade.

Learning aims
Learning outcomes Study programme competences
The student will learn the basic concepts and relationships of Microeconomics. A1
A2
A3
A4
A6
A7
A8
A9
A10
A11
A12
B1
B2
B3
B4
B5
B6
B7
B8
B9
C1
C2
C3
C4
C8
To undestand the existing relations between the different main microeconomic variables. A4
A5
A6
A7
A8
C1
C4
C6
Learn to work individually or in groups, independently and using various sources of information A12
A13
B6
C1
C5
C7
To develop the students' critical awareness and the value of effort. B9
C4
C6
C7
C8
Express critical and innovative thinking that allows efficient and versatile development of the profession while evaluating different normative and social welfare principles. A1
A5
A6
A7
A9
A10
A11
B2
B3
B4
B6
B7
B9
C1
C2
C3
C4
C6
C8

Contents
Topic Sub-topic
PART 1. INTRODUCTION 1. Introduction
PART 2. GENERAL EQUILIBRIUM 1. Competitive Markets and General Equilibrium
PART 3. MARKET POWER. MONOPOLY 1. Market Power and imperfect competition.
2. The social costs of monopoly power.
3. Natural monopoly and price regulation.
4. Price discrimination.
5. Monopsony and vertical chains.

PART 4. MONOPOLISTIC COMPETITION AND PRODUCT DIFFERENTIATION 1. Monopolistic competition.
2. Short and long run equilibrium.
PART 5. SOCIAL WELFARE. MARKET FAILURES. EXTERNALITIES AND PUBLIC GOODS. 1. Market failures.
2. Externalities.
3. Public goods.

Planning
Methodologies / tests Competencies Ordinary class hours Student’s personal work hours Total hours
Guest lecture / keynote speech A1 A2 A3 A4 A5 A6 A7 A8 A9 A10 A11 A13 B2 B1 B3 B4 B5 B6 B7 B8 B9 C1 C2 C4 C5 C6 C7 C8 17 25.5 42.5
Problem solving A1 A2 A3 A4 A8 A9 A12 A13 B1 B3 B8 C2 C6 10 15 25
Workbook A7 A9 C2 C7 0 15 15
Objective test B2 B1 B3 B4 B5 B7 B8 C3 4 32 36
Mixed objective/subjective test A7 A9 A12 B1 B3 B5 C1 6 0 6
ICT practicals A7 A9 A10 C2 C3 C6 C8 0 5 5
Seminar A5 A12 B3 C1 C4 C6 C7 C8 4 4 8
Student portfolio A5 B3 B5 C1 C8 0 4.5 4.5
 
Personalized attention 8 0 8
 
(*)The information in the planning table is for guidance only and does not take into account the heterogeneity of the students.

Methodologies
Methodologies Description
Guest lecture / keynote speech The teaching staff will explain each of the topics of the program. It consists on the exhibition of some contents by the teaching staff, complemented with audiovisual media and questions addressed to the students. They may be face-to-face or virtual.
Problem solving Through this methodology, the goal is that the look for a solution to a specific problem or situation, based on the knowledge previously worked on, which may have more than one solution. This situation will be proposed in the form of the issues or practical questions that students have to answer. It is a complement to the theoretical knowledge acquired through lectures and study. The students will come to a solution applying their academic background in working environments, in which the intervention and personal contribution of the students is the central axis.
They may be face-to-face or virtual.
Workbook Some readings about academic or current texts, related to the content of the subject so that students can analyze, interpret and understand on the basis of more economic analysis tools, which are studied in the subject.
Objective test This methodology consists of a test for learning assessment. It can combine different types of questions: multiple choice, ranking, short answer, discrimination, completion and/or association questions. It can also be made with just a kind of any of these questions. It may include both theoretical and practical questions or problems. Throughout the course, students must solve some objective tests. It can be done online through the Moodle platform or in person.
Mixed objective/subjective test It may consist of problem-solving, short questions, essay questions or multiple-choice questions. Throughout the course, the students will solve some mixed tests.
It can be done online through the Moodle platform or in person.
This is a part of the continuous evaluation.
ICT practicals Students will try to apply the use of ICT to learn effectively, through practical activities based on written, audiovisual and any kind of documentation related to the subject, through the use of information technologies and the communications. It is about expanding knowledge and obtaining information to facilitate autonomous learning and critical reasoning. The Moodle platform will be an essential vehicle for the application of this methodology.
Seminar Lectures in small groups of students for detailed analysis of specific problems of the syllabus. They will be made virtually.
Student portfolio Space for students to collect evidence of the work done

Personalized attention
Methodologies
Problem solving
Seminar
Description
The teaching team will be available to provide personalized attention to students, whenever they require it, for those topics they deem appropriate concerning the subject's content. Particularly for solving problems, readings, etc.

The Small Group Office hours (TGR), which can be taught in person or online, will be divided into 2 sessions of 2 hours, and it is expected that their programming period will take place around weeks 7 and 13 of the semester.

Assessment
Methodologies Competencies Description Qualification
Mixed objective/subjective test A7 A9 A12 B1 B3 B5 C1 The knowledge and abilities shown by the students in the tests proposed by the teaching team will be valued.
Some mixed tests will be done throughout the course.
All these tests can be done in person or online through the Moodle platform.
All these tests are a part of the continuous assessment.
25
Objective test B2 B1 B3 B4 B5 B7 B8 C3 Knowledge acquired throughout the course will be valued. The test may consist of theoretical or practical questions.
Some objective tests will be carried out throughout the course.
All these tests can be done in person or online through the Moodle platform.
This test will be held on the date established in the official academic calendar.
70
Student portfolio A5 B3 B5 C1 C8 All proofs of the student's work through the course will be assessed.
It is a part of the continuous assessment.
5
 
Assessment comments

The following observations are made:

A) EVALUATION REGULATIONS:

1. Evaluation conditions: It is prohibited to access the exam room with any device that allows communication with the outside and/or storage of information, except in the case of online exams or so indicated by the teaching team.

2. Student identification: The student must prove her personality in accordance with current regulations.

B) TYPES OF RATING:

1. Qualification of not presented ("no presentado"): Corresponds to the student, when she only participates in evaluation activities weighted less than 20% on the final qualification, regardless of the achieved qualification.

2. Students with recognition of part-time dedication and academic waiver of attendance exemption: Students with recognition of part-time dedication, even if they are exempt from attendance, will be evaluated with the same criteria as full-time students.

C) EVALUATION OPPORTUNITIES:

1. First opportunity: the evaluation criteria previously indicated in this section will be applied.

2. Second Opportunity: The evaluation criteria are the same for all evaluation opportunities. In the evaluation of the second chance (article 18, section 5, of the Norms of Evaluation, Review and Claims of Qualifications of Bachelor and Master Studies) students will have the opportunity to take a final test, consisting of a mixed quiz, equivalent to 100% of the evaluation, in which the students must demonstrate that they have achieved the competences of the subject.

3. In Advance call: the conditions of evaluation of the advanced opportunity (art. 19 of the Norms of Evaluation, Review and Claims of the Qualifications of the Studies of Degree and Master) will be specific for this opportunity. This will be evaluated through a mixed test that will represent 100% of the final grade.

D) OTHER EVALUATION OBSERVATIONS:

1. Attendance at classes is mandatory for the assessment of the Mixec objective/subjecti e tests, that are carried out during the course.

2. To pass the subject it will be necessary to achieve a final grade (CF) of 5 out of 10.

3. The final exams (EX) will be graded out of 10, and a minimum of 5 points must be obtained to pass. In this case, the final grade will be calculated using the following formula: CF=EC+EX(10-EC)/10, where EC indicates the score obtained in the continuous evaluation during the course, which represents 30%, that is, a maximum of 3 points.

4. Detection of fraud, whether plagiarism or any other action will result in a final score of 0 points.

OTHER RECOMMENDATIONS:

1. The delivery of the documentary works carried out in this subject:

a. It will be requested in virtual format and / or computer support

b. It will be done through Moodle, in digital format without the need to print them

2. The importance of ethical principles related to sustainability values in personal and professional behavior must be taken into account.

3. Work will be done to identify and modify prejudices and sexist attitudes and the environment will be influenced to modify them and promote values of respect and equality.

4.It will facilitate the full integration of students who, for physical, sensory, psychological or sociocultural reasons, experience difficulties to an adequate, equal and profitable access to university life. 

5. The principal of democratic debate will be supported in the class sessions: listening to and respecting all of the diverse opinions concerning the topics addressed, whether they are raised by teachers or students. 


Sources of information
Basic Varian, H.R. (1998). Análisis Microeconómico (3ª Ed.). Antoni Bosh
Sanchez de Paz, E.; Novo-Corti, I. & Barreiro-Gen, M. (). Apuntes básicos para un curso intermedio de microeco . EDaSS - A Coruña
Barreiro-Gen, M. & Novo-Corti, I. en Martínez Fernández et al (eds) (2016). Dixardin (Economía Social y creación de valor: casos prácticos de empresas). Galega de Economía Social
Fernández de Castro, J.; Tugores, J. (1997). Microeconomía. McGraw-Hill
Pindyck, Robert S.; Rubinfeld, Daniel L. (2013). Microeconomía. Pearson. Prentice Hall
Krugman, P & Wells, R. (2013). Microeconomía. Reverté
Goolsbee, A., Levitt, S. Syverson, C. (2015). Microeconomía. Reverté
Carrasco A. y otros (). Microeconomía Intermedia. Problemas y cuestiones. McGraw-Hill
Frank, Robert H. (). Microeconomía y Conducta (7ª Ed.). McGraw-Hill
Perloff, J. (2019). Microeconomics. Pearson

Complementary Gracia, Esperanza; Pérez, Rafaela (). Cuestiones Tipo Test de Microeconomía Intermedia. Prentice Hall
Fernández de Castro, J.; Duch Brown, N. (). Economía Industrial. McGraw-Hill
Schumacher, E.F. (2011). Lo pequeño es hermoso. Akal
Puértolas, J y Llorente L. (2013). Micreoconomía Interactiva. Pirámide
Estrin, Saul; Laidelr, David (). Micreoeconomía. Prentice Hall
Datz, Nichael, L.; Rosen, Harvey L. (). Microeconomía. Adison.Wesley Iberoamericana
Nicholson, Walter (). Microeconomía Intermedia y Aplicaciones. Thomson
Congregado, E. y otros (). Microeconomía. Cuestiones y problemas resueltos. Prentice Hall
Tugores, J.; Fernández de Castro, J. (). Microeconomía: Cuestiones y Problemas. McGraw-Hill
Nicholson, Walter (). Teoría Microeconómica. McGraw-Hill


Recommendations
Subjects that it is recommended to have taken before
Principles of Microeconomics/611G01001
Mathematics I/611G01009
Mathematics II/611G01010

Subjects that are recommended to be taken simultaneously

Subjects that continue the syllabus
Microeconomic Theory/611G01023

Other comments

It is recommended to follow regularly the indications and news of the MOODLE platform, since this platform, together with the face-to-face classes; It constitutes an essential communication system between the teaching team and the students.

Additionally, the next general observations and recommendations are made:

1. The delivery of the outstanding works for this subject will never be printed, and instead of, they should be delivered: 

a. by means of virtual/online procedure

b. through the Moodle platform

2. The ethic principles and values of personal and professional sustainable behaviour should be assumed.

3. Everyone should try to identify and modify sexist pre-judgements trying to avoid them and boosting equalitarian behaviours.

4. The full inclusion of disabled students should be facilitated and promoted. Regardless of the physical, psychologic, sensorial or socio-cultural reasons, discrimination must be avoided for all the university community and helping to achieve equalitarian university environments.




(*)The teaching guide is the document in which the URV publishes the information about all its courses. It is a public document and cannot be modified. Only in exceptional cases can it be revised by the competent agent or duly revised so that it is in line with current legislation.