Degree | Type | Year | Semester |
---|---|---|---|
2501572 Business Administration and Management | OT | 4 | 0 |
2501573 Economics | OB | 3 | 1 |
It is recommended that students have passed the following courses:
Introduction to Economics
Mathematics I and II
Microeconomics I and II
This course is the last one on the topic of microeconomics and, therefore, its main objective is to go beyond the understanding of basic knowledge by means of the more advanced concepts related to individual decision making and the functioning of markets.
MICROECONOMICS III
Contents
1. Consumer Theory
a) Preferences and utility function
b) Consumer behavior
c) Duality and applications
d) Variations of prices and welfare analysis
2. Theory of choice under uncertainty
a) Representation of alternatives under uncertainty: lotteries
b) Preferences on lotteries
c) vonNeumann-Morgenstern Expected Utility Theory
d) Monetary lotteries and risk aversion
3. Theory of the Firm
a) Technology and production function
b) The behavior of the firm
c) Duality and applications
4. General Equilibrium Theory
a) Pure exchange economies
b) Economies with production
c) Welfare theorems
5. Externalities
a) Positive and negative externalities
b) Externalities in production and consumption
c) Market inefficiency
d) Solutions: creation of markets, taxation, property rights
6. Public Goods
a) Types of public goods
b) Efficient provision of discrete public goods
c) Voting mechanisms
d) Efficient provision of continuous public goods
e) Lindhal equilibrium
7. Information Economics
a) Adverse selection and applications
b) Moral hazard and applications
The methodology includes study, preparation and discussion of exercises, text reading, group exercises, lectures and tutorials.
Title | Hours | ECTS | Learning Outcomes |
---|---|---|---|
Type: Directed | |||
Practicum (exercise solving) | 11.5 | 0.46 | |
Theory | 33 | 1.32 | 2, 1, 3, 4, 6, 9 |
Type: Supervised | |||
Office hours and follow-up | 5 | 0.2 | 2, 1, 3, 4, 6, 9 |
Type: Autonomous | |||
Study. Additional Readings. Preparing exercises. Team work. | 95.5 | 3.82 | 2, 1, 3, 4, 6, 9 |
Evaluation process
The evaluation process will consist of a final examination with a weight of 50%, a practical partial examination with a weight of 30%, and the delivery of several problem sets during the course with a total weight of 20%.
A student that takes part on any of the evaluation activities and turns in the activity for grading cannot be considered for a "Not Evaluable" status.
Schedule of evaluation activities
The dates of the different evaluation activities will be announced well in advance during the semester.
The date of the final exam is scheduled in the assessment calendar of the Faculty.
"The dates of evaluation activities cannot be modified, unless there is an exceptional and duly justified reason why an evaluation activity cannot be carried out. In this case, the degree coordinator will contact both the teaching staff and the affected student, and a new date will be scheduled within the same academic period to make up for the missed evaluation activity." Section 1 of Article 115. Calendar of evaluation activities (Academic Regulations UAB).
Students of the Faculty of Economics and Business, who in accordance with the previous paragraph need to change an evaluation activity date must process the request by filling out an Application for exams' reschedule https://eformularis.uab.cat/group/deganat_feie/application-for-exams-reschedule
Grade revision process
After all grading activities have ended, students will be informed of the date and way in which the course grades will be published. Students will be also be informed of the procedure, place, date and time of grade revision following University regulations.
Grade revision process
After all grading activities have ended, students will be informed of the date and way inwhich the course grades will be published. Students will also be informed of the procedure, place, date and time of grade revision following University regulations.
Retake Process
"To be eligible to participate in the retake process, it is required for students to have been previously been evaluated for at least two thirds of the total evaluation activities of the subject." Section 3 of Article 112 ter. The recovery (UAB Academic Regulations).
Additionally, for a student to participate in the retake process, it is required that he or she to have achieved an average grade of the subject between 3.5 and 4.9.
The date of the retake exam will be posted in the calendar of evaluation activities of the Faculty.
Students who take this exam and pass, will get a grade of 5 for the subject. If the student does not pass the retake, the grade will remain unchanged, and hence, student will fail the course.
The grading of the retake examination will be qualitative, with two possible results: “pass” or “no pass”. If the grade is “pass”, the grade will be equal to 5. If the grade is "no pass", the student will not pass the subject and his final grade will be the existing grade prior to the retake examination.
Irregularities in evaluation activities
Apart from any other disciplinary measures deemed appropriate, and in accordance with current academic regulations, "in the case that the student makes any irregularity that could lead to a significant variation in the grade of an evaluation activity, it will be graded with a 0, regardless of the disciplinary process that can be instructed. In case of various irregularities occur in the evaluation of the same subject, the final grade of this subject will be 0". Section 10 ofArticle 116. Results of the evaluation. (UAB Academic Regulations).
Standards of behavior
Aside of any other disciplinary measures that may be considered pertinent, and in line with the current academic rules, the professor may reduce the average grade obtained in the "additional evaluation activities" by up to 2 points out of 10 to any student who repeatedly does not follow the rules of behavior in class. The professor will announce these rules at the beginning of the course.
Title | Weighting | Hours | ECTS | Learning Outcomes |
---|---|---|---|---|
Final exam | 50 per cent | 2 | 0.08 | 2, 1, 3, 4, 5, 6, 10, 7, 8, 9 |
Other evaluation exercises | 20 per cent | 1.5 | 0.06 | 1, 3, 5, 6, 10, 7, 8, 9 |
Partial examination | 30 per cent | 1.5 | 0.06 | 1, 3, 4, 6, 9 |
Bibliography
Basic
Complementary
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