Identifying Data 2016/17
Subject (*) Microeconomía. Mercados e Competencia Code 611G02012
Study programme
Grao en Administración e Dirección de Empresas
Descriptors Cycle Period Year Type Credits
Graduate 1st four-month period
Second Obligatoria 6
Language
Spanish
English
Teaching method Face-to-face
Prerequisites
Department Análise Económica e Administración de Empresas
Coordinador
Sanchez De Paz, Elena
E-mail
elena.sanchez@udc.es
Lecturers
Barreiro Gen, María
Calo Blanco, Aitor
Mendez Naya, Jose
Novo Peteiro, Jose Antonio
Sanchez De Paz, Elena
E-mail
maria.gen@udc.es
aitor.calo@udc.es
jose.mendez@udc.es
jose.novop@udc.es
elena.sanchez@udc.es
Web
General description Estudo da microeonomía a nivel intermedio. Baseándose nos coñecementos adquiridos na materia de principios de microeconomía trátase de ter unha visión do funcionamento dos mercados no marco da teoría económica.

Study programme competencies
Code Study programme competences
A4 Elaborate advisory reports on specific situations of companies and markets
A6 Identify the relevant sources of economic information and to interpret the content.
A7 Understand economic institutions as a result and application of theoretical or formal representations which explain the evolution of the economy.
A8 Derive, based on from basic information, relevant data unrecognizable by non-professionals.
A10 Read and communicate in a professional environment at a basic level in more than one language, particularly in English
A11 To analyze the problems of the firm based on management technical tools and professional criteria
A12 Communicate fluently in their environment and work by teams
B1 CB1-The students must demonstrate knowledge and understanding in a field of study that part of the basis of general secondary education, although it is supported by advanced textbooks, and also includes some aspects that imply knowledge of the forefront of their field of study
B2 CB2 - The students can apply their knowledge to their work or vocation in a professional way and have competences typically demostrated by means of the elaboration and defense of arguments and solving problems within their area of work
B3 CB3- The students have the ability to gather and interpret relevant data (usually within their field of study) to issue evaluations that include reflection on relevant social, scientific or ethical
B4 CB4-Communicate information, ideas, problems and solutions to an audience both skilled and unskilled
B5 CB5-Develop skills needed to undertake further studies learning with a high degree of autonomy
B6 CG1-Perform duties of management, advice and evaluation in business organizations
B7 CG2-Know how to use the concepts and techniques used in the various functional areas of the company and understand the relationships between them and with the overall objectives of the organization
B8 CG3- Know how to make decisions, and, in general, assume leadership roles.
B9 CG4-Learn to identify and anticipate opportunities, allocate resources, organize information, select and motivate people, make decisions under conditions of - uncertainty, achieve the proposed objectives and evaluate results
B10 CG5-Respect the fundamental and equal rights for men and women, promoting respect of human rights and the principles of equal opportunities, non-discrimination and universal accessibility for people with disabilities.
C1 Express correctly, both orally and in writing, in the official languages of the autonomous region
C4 To be trained for the exercise of citizenship open, educated, critical, committed, democratic, capable of analyzing reality and diagnose problems, formulate and implement knowledge-based solutions oriented to the common good
C5 Understand the importance of entrepreneurial culture and know the means and resources available to entrepreneurs
C6 Assess critically the knowledge, technology and information available to solve the problems and take valuable decisions
C7 Assume as professionals and citizens the importance of learning throughout life.
C8 Assess the importance of research, innovation and technological development in the economic and cultural progress of society.

Learning aims
Learning outcomes Study programme competences
The student will learn the basic concepts and relationships of Microeconomics. A6
A7
A10
A11
A12
B1
B2
B3
B4
B5
B9
C1
C4
C8
To undestand the existing relations between the different main microeconomic variables. A4
A8
B6
B7
B8
B9
C5
C6
To develop the students' critical awareness and the value of effort. B2
B4
B10
C4
C6
C7
C8
To learn how to work in groups. A10
A12
B6
B8
B9
B10
C1
C7

Contents
Topic Sub-topic
INTRODUCTION 0. Introduction
PART I: MARKET POWER 1. Market Power: Monopoly

2. The social costs of monopoly power. Price regulation

3. Price discrimination

4. Asymmetric Information.

5. Monopsony and factor markets
PART II: GAME THEORY AND ITS APPLICATIONS 5. Theoretical framework and definitions. The Nash equilibrium

6. Oligopolies: Non-cooperative games

7. Cooperative and repeated games

Planning
Methodologies / tests Competencies Ordinary class hours Student’s personal work hours Total hours
Problem solving A7 A8 A11 B1 B9 C6 10 20 30
Directed discussion A12 B2 B4 B10 C1 C4 C6 8 16 24
Case study A4 A11 B2 B6 B8 B9 C5 7 10.5 17.5
Objective test A6 A8 A11 B3 B5 C1 4 32 36
Seminar A6 A10 A12 C1 C4 C6 C7 C8 4 0 4
Workbook A10 C1 C4 C5 C6 C7 C8 0 5 5
Guest lecture / keynote speech A6 A7 A8 A11 B1 B2 B3 B4 B5 B6 B7 B8 B9 B10 C6 C7 17 8.5 25.5
 
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
Problem solving Practical issues to be solved during the interactive sessions.
Directed discussion Theoretical and practical issues to be solved during the ineteractive sessions.
Case study Students must face particular problems (the case) that describe real or
supposed professional situations. Students must be able to analyse and
solve such problems.
Objective test Written test that may combine multiple choice questions, sorting, shortanswer
and/or discrimination.
Seminar Students are divided into two subgroups. Seminars will consist of four hours for each subgroup during the course.
Workbook Lecturas de artigos de difusión, prioritariamente en lingua estranxeira
Guest lecture / keynote speech Lectures with media support that may be completed with the introduction of
questions to students to encourage interactive learning.

Personalized attention
Methodologies
Problem solving
Directed discussion
Case study
Seminar
Description
Interactive sessions aim to deal individually with all students in order to monitor their
performance.

Assessment
Methodologies Competencies Description Qualification
Problem solving A7 A8 A11 B1 B9 C6 The handing over of the solution to the exercises proposed by the teachers will be assesed. 10
Directed discussion A12 B2 B4 B10 C1 C4 C6 The handing over of the solution to the exercises proposed by the teachers will be assesed. 10
Case study A4 A11 B2 B6 B8 B9 C5 The handing over of the solution to the exercises proposed by the teachers will be assesed. 10
Objective test A6 A8 A11 B3 B5 C1 In addition to the January and July written tests, midterm exams will be set. These exams will count for the final mark of the course. 70
 
Assessment comments

In order to pass the subject the student must obtain, at least, 5 points of a maximum of 10. Additionally, it is also necessary to obtain at least 3 points (of a maximum of 7) in the final written exams.

The student will get the "No Presentado" final mark in the case in which
she/he does not take part in at least 20% of the assessments activities.

All the issues that we will cover all trough the term are described in the syllabus. The sources of information are detailed in the suggested references.

Those who have to make use of the second
opportunity to pass the subject will be evaluated exactly as those who
have passed the subject in the first opportunity.

Those who have to make use of the "early opportunity" must get at least 5, out of 10, to pass the subject. The same criterion would be applied to the part time students and to those who have "dispensa académica de exención de asistencia" according to UDC's regulation.


Sources of information
Basic Gibbons, R. (). A Primer in Game Theory. Prentice Hall
Antelo, Manuel (2014). Economía de la Información. McGraw-Hill
Vega Redondo, F (2000). Economía y Juegos. Antoni Bosch
Vega-Redondo, F (). Economics and the Theory of Games. Cambridge
Varian, H R (2010). Intermediate Microeconomics. Norton
Goolsbee, Austan; Levitt, Steven; Suverson, Chad (2015). Microeconomía. Reverte
Pindyck, R S and Rubinfeld, D L (2013). Microeconomía. Pearson
Varian, H R (2011). Microeconomía intermedia. Antoni Bosch
Frank, Robert H. (2009). Microeconomía Intermedia. Análisis y comportamiento económico. McGraw-Hill
Carrasco A. y otros (2013). Microeconomía. Ejercicios y cuestiones. McGraw-Hill
Pindyck, R S and Rubinfeld (2013). Microeconomics. Pearson
Krugman, P and Wells, R (2013). Microeconomics.
Gibbons, Robert (1993). Un primer curso de teoría de juegos. Antoni Bosch

Complementary Gracia, Esperanza; Pérez, Rafaela (). Cuestiones Tipo Test de Microeconomía Intermedia. Prentice Hall
Fernández de Castro, J.; Duch Brown, N. (). Economía Industrial. McGraw-Hill
Estrin, Saul; Laidelr, David (). Micreoeconomía. Prentice Hall
Datz, Nichael, L.; Rosen, Harvey L. (). Microeconomía. Adison.Wesley Iberoamericana
Fernández de Castro, J.; Tugores, J. (1997). Microeconomía. McGraw-Hill
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
Nicholson, Walter (). Teoría Microeconómica. Principios Básicos y Ampliaciones. Thomson


Recommendations
Subjects that it is recommended to have taken before
Principios de Microeconomía/611G02001
Matemáticas I/611G02009
Matemáticas II/611G02010

Subjects that are recommended to be taken simultaneously
Matemáticas II/611G02010

Subjects that continue the syllabus

Other comments

Students are encouraged to attend the lectures and to show an important level of participation in them. We strongly recomend the use of the references mentioned in sources of information. Additionally, students should try to solve all the exercises set during the lectures.



(*)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.