Competencies and objectives

 

Course context for academic year 2016-17

This subject is the second in the sequence of Microeconomics and it follows the subject "Introduction to Microeconomics" of the first half of the first year. It belongs to the area of Economic Analysis.
The modern Economic Analysis is divided into two major fields of study: microeconomics and macroeconomics. Microeconomics studies the behavior of individual economic agents, i.e., any individual or entity performing any role in the functioning of the economy.
In the subject "Introduction to Microeconomics", we present the economic theories designed to explain the principles discovered in experimental classroom markets, and their applications. The subject "Intermediate Microeconomics" covers the contents not present in the first subject: consumer behavior and demand, producer behavior and market power, and non-competitive markets.

 

 

Course content (verified by ANECA in official undergraduate and Master’s degrees)

General Competences (CG)

  • CG3 : Capacity for self-learning.
  • CG5 : Capacity to take decisions by applying acquired knowledge to practical situations.
  • CG8 : Analyse problems using critical reasoning, without prejudices, precisely and rigorously.
  • CG9 : Capacity for synthesis.

 

Specific Competences (CE)

  • CE1 : Contribute towards the correct management of resource allocation in both the private and public context.
  • CE10 : Capacity to apply the knowledge and skills acquired to solve theoretical and applied economic problems.
  • CE11 : Analytical skills for developing theoretical frameworks that simplify study of the real economy and the capacity to set appropriate levels of abstraction when studying different economic questions.
  • CE12 : Be able to use the appropriate tools for the analysis, diagnosis and solution of economic questions and problems.
  • CE2 : Identify and anticipate relevant economic problems relating to resource allocation in general, in both the private and public context.
  • CE3 : Bring a rational approach to the analysis and description of any aspect of economic reality.
  • CE4 : Evaluate the consequences of different options for action and select the best one according to the objectives set.
  • CE9 : Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.

 

 

 

Learning outcomes (Training objectives)

  • To understand the role of incentives and strategic decisions in corporate and consumer behaviour, and their importance when designing economic policies and institutions.
  • To understand the dynamic nature of economic relations, the role of intertemporal decisions and the expectations of market participants.
  • To understand market structures and their implications with regard to efficiency.
  • To obtain basic knowledge of the problems that arise when market information is asymmetric.  

 

 

Specific objectives stated by the academic staff for academic year 2016-17

 

 

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General

Code: 35006
Lecturer responsible:
LOPEZ CUÑAT, JAVIER MATEO
Credits ECTS: 6,00
Theoretical credits: 1,50
Practical credits: 0,90
Distance-base hours: 3,60

Departments involved

  • Dept: FOUNDATIONS OF ECONOMIC ANALYSIS
    Area: FOUNDATIONS OF ECONOMIC ANALYSIS
    Theoretical credits: 1,5
    Practical credits: 0,9
    This Dept. is responsible for the course.
    This Dept. is responsible for the final mark record.

Study programmes where this course is taught