Degree | Type | Year |
---|---|---|
2501572 Business Administration and Management | OB | 2 |
2501573 Economics | OB | 2 |
You can view this information at the end of this document.
Introduction to Economics
Mathematics I & II
The aim of this course is to understand the basic tools of microeconomic analysis and to become proficient in their use.
We will mostly focus on Consumer Theory (preferences, utility, consumption and demand) and briefly introduce the Production Theory (technology, costs).
Chapters (in parenthesis) refer to the 9th edition of the recommended textbook (Varian, Intermediate Microeconomics).
Topic I: Introduction to microeconomics
I.1 The criterion of rationality (Chapter 1)
I.2 The concepts of equilibrium and efficiency (Chapter 1)
I.3 The nature of economic models (Chapter 1)
Topic II: Consumer theory
II.1 The budget constraint (Chapter 2)
II.2 Preference relations and indifference curves (Chapter 3)
II.3 Utility Functions: properties and characteristics (Chapter 4)
Topic III: Theory of consumer demand
III.1 Optimal consumer choice (Chapter 5)
III.2 Changes in income: normal and inferior goods (Chapter 6)
III.3 Changes in prices: ordinary, Giffen, substitute, and complementary goods (Chapter 6)
III.4 Revealed preferences (Chapter 7)
III.5 Slutsky's decomposition: income and substitution effects (Chapter 8)
Topic IV: Applications of consumer and demand theory
IV.1 Endowment and demand functions: Slutsky decomposition with wealth effects (Chapter 9)
IV.2 The labour and leisure supply model (Chapter 9)
IV.3 Intertemporal Choice (Chapter 10)
IV.4 Election under uncertainty (chapter 12)
Topic V: Theory of the firm
V.I The technology: properties and characteristics (Chapter 19)
V.2 Examples of technologies: Leontief, Cobb-Douglas, CES (Chapter 19)
V.3 Cost minimisation and some properties of cost functions (Chapters 21-22)
Title | Hours | ECTS | Learning Outcomes |
---|---|---|---|
Type: Directed | |||
Exercises and group discussion | 17 | 0.68 | |
Lectures | 32.5 | 1.3 | |
Type: Supervised | |||
Tutorials | 15 | 0.6 | |
Type: Autonomous | |||
Study, preparation and discussion of exercises | 64 | 2.56 | |
Text reading | 15 | 0.6 |
The planned methodology includes study, preparation and discussion of exercises, text reading, group exercises, lectures and tutorials.
The proposed teaching methodology may undergo some modifications according to the restrictions that may be imposed by the health authorities on on-campus courses.
Annotation: Within the schedule set by the centre or degree programme, 15 minutes of one class will be reserved for students to evaluate their lecturers and their courses or modules through questionnaires.
Title | Weighting | Hours | ECTS | Learning Outcomes |
---|---|---|---|---|
Final Exam | 50 % | 2 | 0.08 | 3, 2, 4, 5, 1, 6, 7, 8, 15, 14, 13, 12, 9, 11, 10, 16 |
Tests during the semester | 50 % | 4.5 | 0.18 | 3, 2, 4, 5, 1, 6, 7, 8, 15, 14, 13, 12, 9, 11, 10, 16 |
This subject does not offer the option for comprehensive evaluation.
Evaluation process
The evaluation process includes both tests during the semester and a final exam.
Any modification of this process due to external causes (e.g. changes in the regulation by the health or UAB authorities) will be made public through Campus Virtual. The teaching team will adapt the evaluation activities to the most suitable and efficient format, including oral interviews and testing if needed.
Tests and exams schedule
Retake exam
According to the UAB regulation, to be eligible to participate in the retake process, students must:
The grading of the retake examination is qualitative, with two possible results: 'pass' or 'fail'. In the case of 'pass', the grade that will appear in the student's transcripts is 5. In the case of 'fail', the grade that will appear in the student's transcripts is the final grade prior to the retake examination.
Irregularities in evaluation activities
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.
Varian, H. Intermediate microeconomics: a modern approach, 9th edition. W.W. Norton and Company Inc.
Earlier editions are equally appropriate. However, please notice that chapters in the syllabus refer to the 9th edition and that the chapter numbering in the 9th ed. differs from previous editions.
There is no specific software for this course. However, some knowledge of Wolfram|Alpha may be useful. Wolfram|Alpha is available online.
Name | Group | Language | Semester | Turn |
---|---|---|---|---|
(PAUL) Classroom practices | 1 | Spanish | first semester | morning-mixed |
(PAUL) Classroom practices | 2 | Spanish | first semester | morning-mixed |
(PAUL) Classroom practices | 4 | English | first semester | morning-mixed |
(PAUL) Classroom practices | 8 | English | first semester | morning-mixed |
(PAUL) Classroom practices | 51 | Catalan/Spanish | first semester | afternoon |
(PAUL) Classroom practices | 52 | Catalan/Spanish | first semester | afternoon |
(PAUL) Classroom practices | 60 | Spanish | second semester | morning-mixed |
(TE) Theory | 1 | Spanish | first semester | morning-mixed |
(TE) Theory | 2 | Spanish | first semester | morning-mixed |
(TE) Theory | 4 | English | first semester | morning-mixed |
(TE) Theory | 8 | English | first semester | morning-mixed |
(TE) Theory | 51 | Catalan/Spanish | first semester | afternoon |
(TE) Theory | 52 | Catalan/Spanish | first semester | afternoon |
(TE) Theory | 60 | Spanish | second semester | morning-mixed |