Course guide of Microeconomics 4 (2391134)

Curso 2022/2023
Approval date: 20/06/2022

Grado (bachelor's degree)

Bachelor'S Degree in Economics

Branch

Social and Legal Sciences

Module

Análisis Económico

Subject

Microeconomía IV

Year of study

3

Semester

1

ECTS Credits

6

Course type

Compulsory course

Teaching staff

Theory

  • Ricardo Martínez Rico. Grupos: A, B, C y D
  • Ángel Solano García. Grupos: B, C y D

Practice

  • Jose Javier Dominguez Ramirez Grupos: 3, 4, 5, 6 y 8
  • Ignacio Jiménez Hernández Grupo: 6
  • Ángel Solano García Grupos: 1, 2, 7 y 8

Timetable for tutorials

Ricardo Martínez Rico

Email
  • First semester
    • Thursday
      • 10:30 a 12:30 (Empre. Desp. B317)
      • 15:30 a 17:30 (Empre. Desp. B317)
    • Friday de 10:30 a 12:30 (Empre. Desp. B317)
  • Second semester
    • Thursday
      • 10:30 a 12:30 (Empre. Desp. B317)
      • 15:30 a 17:30 (Empre. Desp. B317)
    • Friday de 10:30 a 12:30 (Empre. Desp. B317)

Ángel Solano García

Email
  • First semester
    • Tuesday de 10:00 a 14:00 (Empre. Desp B322)
    • Wednesday de 10:00 a 12:00 (Empre. Desp B322)
  • Second semester
    • Monday de 10:00 a 14:00 (Empre. Desp B322)
    • Tuesday de 10:00 a 12:00 (Empre. Desp B322)

Jose Javier Dominguez Ramirez

Email
  • First semester
    • Monday de 10:00 a 12:00 (Empre. Desp. B318)
  • Second semester
    • Monday de 10:00 a 12:00 (Empre. Desp. B318)

Ignacio Jiménez Hernández

Email
  • First semester
    • Tuesday
      • 09:00 a 10:30 (Empre. Desp. B318)
      • 12:30 a 14:00 (Empre. Desp. B318)
    • Thursday
      • 09:00 a 10:30 (Empre. Desp. B318)
      • 12:30 a 14:00 (Empre. Desp. B318)
  • Second semester
    • Tuesday de 14:30 a 15:30 (Empre. Desp. B318)
    • Wednesday
      • 09:00 a 10:30 (Empre. Desp. B318)
      • 11:30 a 14:00 (Empre. Desp. B318)
    • Thursday de 13:30 a 14:30 (Empre. Desp. B318)

Prerequisites of recommendations

Having passed the subjects on Mathematics and Microeconomics of the previous semesters

Brief description of content (According to official validation report)

  • Nash equilibrium: Basic concepts
  • Economics of information
  • Repeated games

General and specific competences

General competences

  • CG03. Ability to analyse and summarise.
  • CG05. Oral and written communication skills in Spanish.
  • CG08. Problem-solving skills.
  • CG11. Ability to work in an interdisciplinary team.
  • CG12. Ability to work in an international context.
  • CG15. Ability to communicate with other areas of knowledge.
  • CG16. Ability to engage in critical and self-critical reasoning.
  • CG17. Ability to learn and work autonomously.
  • CG24. Ability to apply knowledge to practice.
  • CG25. Ability to search for information and research.
  • CG26. Ability to design and manage projects.

Specific competences

  • CE17. Identify and anticipate economic problems relevant to the general allocation of resources in the public and private sector.
  • CE22. Bring rationality to the analysis and description of any aspect of economic reality.
  • CE23. Evaluate the consequences of alternative courses of action and select the best ones given the objectives.
  • CE24. Understand economic institutions as the result and application of theoretical or formal representations of how the economy works.
  • CE30. Issue advisory reports on specific situations in the economy (international, national or regional) or its sectors.
  • CE32. Communicate fluently in an environment and work in a team.
  • CE38. Derive from the data relevant information not accessible to non-professionals.
  • CE39. Regularly use Information and Communication Technologies (ICTs) in their professional activities.
  • CE40. Read and communicate professionally in more than one language, especially in English.
  • CE41. Apply professional criteria based on the use of theoretical instruments to the analysis of problems.
  • CE42. Ethical commitment at work. Ability to work in a team. Critical and self-critical reasoning. Work in an international context.
  • CE43. Motivation for quality.
  • CE59. Contribute to the proper management of resource allocation in both the private and public sectors.
  • CE64. Draft economic management projects at the international, national and regional level.
  • CE68. Understand the main microeconomic and macroeconomic models.
  • CE69. Understand the functioning of imperfectly competitive markets.
  • CE70. Understand the main models of industrial economy.
  • CE71. Understand the Game Theory.

Transversal competences

  • CT01. Through the knowledge and application of concepts learnt in the Bachelor's Degree (Grado), be able to identify and anticipate economic problems relevant to the allocation of resources, both in the public and private sectors.
  • CT02. Know, understand and apply the different economic models to provide rationality to the analysis and description of any aspect of reality, and be able to know the economic choice criteria of the different agents that make up society.
  • CT03. Learn to communicate fluently in an environment and to work in a team, both in a national and an international context.

Objectives (Expressed as expected learning outcomes)

  • Students will be able to understand and model the strategic behavior of different agents.
  • Students will be able to understand the principal-agent problem.

Detailed syllabus

Theory

  • Lesson 0. Introduction.
  • Lesson 1. Basic concepts.
  • Lesson 2. Decision under uncertainty
  • Lesson 3. Base model
  • Lesson 4. Moral hazard
  • Lesson 5. Adverse election

Practice

  • Lesson 0. Introduction.
  • Lesson 1. Basic concepts.
  • Lesson 2. Decision under uncertainty
  • Lesson 3. Base model
  • Lesson 4. Moral hazard
  • Lesson 5. Adverse election

Bibliography

Basic reading list

  • Macho-Stadler, I, Pérez.Castrillo, D. (2001): An introduction to the economics of information. OUP Oxford.

Complementary reading

  • Bolton, P., Dewatripoint, M. (2004) Contract Theory. MIT Press.
  • Gibbons, R. (1992) A primer in Game Theory. Pearson

Recommended links

Teaching methods

  • MD01. Docencia presencial en el aula 
  • MD02. Estudio individualizado del alumno, búsqueda, consulta y tratamiento de información, resolución de problemas y casos prácticos, y realización de trabajos y exposiciones. 
  • MD03. Tutorías individuales y/o colectivas y evaluación  

Assessment methods (Instruments, criteria and percentages)

Ordinary assessment session

  • Final exam, 70%. This exam will be a test questionnaire. Wrong answers will penalize.
  • Group assessment, 15%. It will be a presentation on applications of some of the models analyzed during the course.
  • Student participation, 15%. Student’s active participation will be evaluated according to her performance, behavior, quantity and quality of his comments/questions, etc.

In order to pass the subject, it is required to get a grade higher or equal to 3 (out of 10) in the final exam. Otherwise, the global mark will be "non passed", with the numeric grade resulting from the minimum between 2.5 and the weighted sum of the three components of the assessment.

Extraordinary assessment session

This exam will be a test questionnaire. Wrong answers will penalize. The grade of this assessment will be the mark obtained in this exam.

Single final assessment

This exam will be a test questionnaire. Wrong answers will penalize. The grade of this assessment will be the mark obtained in this exam.

Additional information

The Department of Economic Theory and History, in accordance with the Regulations for the attention to students with disabilities and other specific educational support needs (approved by the Governing Board of the University of Granada on 20th September 2016) will promote the right to education under conditions of equal opportunities to students with disabilities and other specific educational support needs. The necessary assistance actions will be established to achieve their full and effective inclusion, guaranteeing their right to inclusive education, in accordance with the principles of non-discrimination, equal opportunities and universal accessibility, so that they can achieve the maximum possible development of their personal and , in any case, the objectives established in general for all students.

The information in this guide may be modified due to supervening circumstances, changes in regulations or new guidelines that may be given by the health authorities, the University, or the School of Economics and Management.