Guías Docentes Electrónicas
1. General information
Course:
INTERMEDIATE MICROECONOMICS
Code:
53313
Type:
CORE COURSE
ECTS credits:
9
Degree:
316 - UNDERGRADUATE DEGREE IN ECONOMICS
Academic year:
2019-20
Center:
5 - FACULTY OF ECONOMICS AND BUSINESS
Group(s):
10  17 
Year:
2
Duration:
AN
Main language:
Spanish
Second language:
English
Use of additional languages:
English Friendly:
Y
Web site:
Bilingual:
N
Lecturer: CARMEN CORCOLES FUENTES - Group(s): 10  17 
Building/Office
Department
Phone number
Email
Office hours
Facultad de CC. Econ. y Empr., 3.02.
ANÁLISIS ECONÓMICO Y FINANZAS
926053012
Carmen.Corcoles@uclm.es
El horario de tutorías se anunciará en el espacio virtual de la asignatura

Lecturer: NURIA GOMEZ SANZ - Group(s): 10  17 
Building/Office
Department
Phone number
Email
Office hours
Facultad de CC. Econ. y Empr., 3.23
ANÁLISIS ECONÓMICO Y FINANZAS
926053549
Nuria.Gomez@uclm.es
Se informará del mismo en Campus Virtual

2. Pre-Requisites

This subject works on models built on the knowledge acquired in the introductory subject taught in first year.

3. Justification in the curriculum, relation to other subjects and to the profession

This subject of part of the module Economic Analysis, within the area of Microeconomics.

It will be taught along both semesters in the second course of the Economics Degree. During the first semester the subject focuses on the analysis of the consumer, building the demand function. During the second semester, the firm profile is analysed, individually and within its market context. How market characteristics shape firms behaviour is also studied in the second semester.


4. Degree competences achieved in this course
Course competences
Code Description
E04 Analytical skills to identify and anticipate relevant economic and legal issues and the different alternative solutions.
E05 Ability to contribute to the establishment of strategies which will allow for the efficient allocation of resources, the generation of wealth and a suitable distribution of income.
E06 Application of profesional criteria to the analysis of problems, based on the use of technical tools.
E10 Ability to design and implement policies and strategies promoting competition and market restructuring.
E14 Understand how a market economy works, determine output levels, employment and the general price level as well as equilibrium price in different market structures.
G01 Possession of the skills needed for continuous, self-led, independent learning, which will allow students to develop the learning abilities needed to undertake further study with a high degree of independence.
G03 Develop oral and written communication skills in order to prepare reports, research projects and business projects and defend them before any commission or group of professionals (specialised or non-specialised) in more than one language, by collecting relevant evidence and interpreting it appropriately so as to reach conclusions.
G04 Ability for the use and development of information and communication technology in the development of professional activity.
5. Objectives or Learning Outcomes
Course learning outcomes
Description
Know the main theories of economic analysis to understand the behaviour of economic agents at micro and macro level
Listen to and defend arguments orally or in writting
Work autonomously and with personal initiative.
Work out problems in creative and innovative ways.
Additional outcomes
Description
1. Understand the behaviour of the economy from a microeconomic perspective.
2. Determine the equilibrium for the consumer. Calculate the individual and the market demand function
3. To relate the firm production function to the cost functions for both short and long term.
4. To determine the productive factors demand that minimize costs and those that maximize benefits or the firm.
5. Calculate the production level that maximize benefits for the producer and the supply function for firms in a competitive market.
6. To understand the characteristics and implication of different market structures: perfect competition, monopoly and oligopoly.
7. Calculate equilibrium in different market structures: perfect competition, monopoly and oligopoly.
8. To think line an economist, considering two strands: a) Analyse the economic reality on the basis of the explained theoretical models referred to the behaviour of different economic agents and different market structures; b) Understand and assimilate the economic analysis method to be able to apply it to new problems: modelling by deductive logic.
9. Get to know a wide range of economic concepts and tools used in other subjects and professional studies: costs, demand, elasticity, equilibrium, interdependence, ¿
10. Use TIC
6. Units / Contents
  • Unit 1: Objetc, method, history and microeconomic models
  • Unit 2: Demand, supply and market: Revision of key concepts
  • Unit 3: Rational choce and consumer equilibrium
  • Unit 4: From consumer equilibrium to individual demand
  • Unit 5: Market demand
  • Unit 6: Alternative approaches, complements and applications
  • Unit 7: Production and technology
  • Unit 8: Costs and supply
  • Unit 9: Perfect competition
  • Unit 10: Monoply and its regulation
  • Unit 11: Oligopoly
7. Activities, Units/Modules and Methodology
Training Activity Methodology Related Competences (only degrees before RD 822/2021) ECTS Hours As Com R Description *
Class Attendance (theory) [ON-SITE] Lectures E04 E05 E06 E10 E14 2 50 N N N
Class Attendance (practical) [ON-SITE] Problem solving and exercises E04 E05 E06 E10 E14 1 25 Y N N
Writing of reports or projects [OFF-SITE] Self-study E04 E05 E06 E10 E14 G01 G03 G04 3 75 N N N
Practicum and practical activities report writing or preparation [OFF-SITE] Problem solving and exercises E04 E05 E06 E10 E14 G01 G03 G04 1.5 37.5 Y N Y
Study and Exam Preparation [OFF-SITE] Self-study E04 E05 E06 E10 E14 G01 1.38 34.5 N N N
Final test [ON-SITE] Assessment tests E04 E05 E06 E10 E14 G03 0.12 3 Y Y Y
Total: 9 225
Total credits of in-class work: 3.12 Total class time hours: 78
Total credits of out of class work: 5.88 Total hours of out of class work: 147

As: Assessable training activity
Com: Training activity of compulsory overcoming
R: Rescheduling training activity

8. Evaluation criteria and Grading System
  Grading System  
Evaluation System Face-to-Face Self-Study Student Description
Final test 70.00% 0.00% Witin the ordinary season a partial exam takes place in January and another in May-June.The second exam will be for the whole of the subject if the first exam did not achieved a minimum of 4 over 10. In the extraordinary season the exam is always global.
Assessment of problem solving and/or case studies 20.00% 0.00% Tasks provided by the teacher, and two controls, one per term.
Assessment of active participation 10.00% 0.00% Active participation in class and continuity in the tasks.
Total: 100.00% 0.00%  

Evaluation criteria for the final exam:
Exams have three parts: Multi-option questions, essay questions and numerical exercises. A minimum of 10 correct answers out of 20 is required in the multi-option part.
In the essay questions and the numerical exercises, the amount of questions answered and its quality will determine the mark.
Specifications for the resit/retake exam:
Evaluation criteria not defined
Specifications for the second resit / retake exam:
Evaluation criteria not defined
9. Assignments, course calendar and important dates
Not related to the syllabus/contents
Hours hours
Class Attendance (theory) [PRESENCIAL][Lectures] 50
Class Attendance (practical) [PRESENCIAL][Problem solving and exercises] 25
Writing of reports or projects [AUTÓNOMA][Self-study] 75
Practicum and practical activities report writing or preparation [AUTÓNOMA][Problem solving and exercises] 37.5
Study and Exam Preparation [AUTÓNOMA][Self-study] 34.5
Final test [PRESENCIAL][Assessment tests] 3

Global activity
Activities hours
10. Bibliography and Sources
Author(s) Title Book/Journal Citv Publishing house ISBN Year Description Link Catálogo biblioteca
FRANK, R.H. Microeconomía y conducta Madrid McGraw-Hill  



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