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Microeconomics III

Code: 102335
Credits: 6
2026/2027
Degree programme Type Course
Business Administration and Management OP 4
Economics OB 3

Contact lecturer

Name :
Johannes Gierlinger
Email :
johannes.gierlinger@uab.cat

Teaching staff

Anders Joakim Alderborn
Alex Sanz Fernández
Gianandrea Staffiero
Alejandro Felipe Lugon Ceruti

Group languages

You can consult this information at the end of the document.

Prerequisites

It is recommended that students have passed the following courses:

Introduction to Economics

Mathematics I and II

Microeconomics I and II

Objectives

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.

Learning outcomes

  1. A capacity of oral and written communication in Catalan, Spanish and English, which allows them to summarise and present the work conducted both orally and in writing.
  2. Select and generate the information needed for each problem, analyse it and make decisions based on this information.
  3. Organise work, in terms of good time management and organisation and planning.
  4. Capacity to adapt to changing environments.
  5. Capacity to continue future learning independently, acquiring further knowledge and exploring new areas of knowledge.
  6. Identify market failures and define the corrective mechanisms of public intervention.
  7. Recognize the role of uncertainty in the decision making of consumers and businesses.
  8. Relate the inter-temporal aspects to the processes of decision-making of economic agents.
  9. Weigh the impact of public sector on the activity of enterprises and consumers.
  10. Students must have and understand knowledge of an area of study built on the basis of general secondary education, and while it relies on some advanced textbooks it also includes some aspects coming from the forefront of its field of study.
  11. Students must be capable of applying their knowledge to their work or vocation in a professional way and they should have building arguments and problem resolution skills within their area of study.
  12. Students must be capable of collecting and interpreting relevant data (usually within their area of study) in order to make statements that reflect social, scientific or ethical relevant issues.
  13. Students must be capable of communicating information, ideas, problems and solutions to both specialised and non-specialised audiences.
  14. Students must develop the necessary learning skills in order to undertake further training with a high degree of autonomy.

Contents

SYLLABUS MICROECONOMICS III


(Note: In each topic we indicate the corresponding chapter of the book “Intermediate Microeconomics”, 9th edition, see Bibliography)


TOPIC I. General equilibrium with production (chap. 33)


I.1. The Robinson Crusoe economy

I.2. Consumption and Production

I.3. General equilibrium with production and the two theorems of welfare economics

I.4. Comparative advantage

I.5. Efficiency in the sense of Pareto

I.6. Decentralized allocation of resources


TOPIC II. Externalities (chap. 35)


II.1. Externalities in consumption

II.2. Coase's theorem

II.3. Externalities in production

II.4. Interpretation of efficiency conditions

II.5 The tragedy of the commons


TOPIC III. Public goods (chap. 37)


III.1. Public goods and the private provision of a public good

III.2. The free-rider problem

III.3. Voting systems

III.4. Vickrey, Clarke, and Groves mechanisms


TOPIC IV. Welfare and social choice


IV.1. Absolute welfare measures: compensatory variation and equivalent (chap. 14.8)

IV.2. Revealed preference, index numbers, measures of inequality (Chapter 7)

IV.3. Social choice (chap. 34)


TOPIC V. Other models of behavior and markets


V.1 Network goods (book Belleflamme & Peitz, chap. 3)

V.2 Network and platform economies (chap. 36)

Learning activities and methodology

Title Hours ECTS Learning outcomes
Practicum (exercise solving) 17 0.68
Office hours and follow-up 5 0.2
Theory 32.5 1.3
Study. Additional Readings. Preparing exercises. Team work. 90.5 3.62

Teaching will be offered on-campus.

In this subject we combine traditional lectures with ICT support with more applied sessions devoted to solving problem sets and exercises.

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.


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.

Assessment

Continuous assessment activities

Title Weight Hours ECTS Learning outcomes
Partial examination 30 per cent 1.5 0.06 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14
Other evaluation exercises 20 per cent 1.5 0.06 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14
Final exam 50 per cent 2 0.08 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14
  1. Evaluation process

The evaluation process will consist of a final examination with a weight of 50% (with a minimum grade of 3), a practical partial examination with a weight of 30%, and in-class evaluations (written or oral) during the course with a total weight of 20% whose details will be published on Campus Virtual before the start of the semester. If the grade in the final exam is lower than 3.0, any average grade above 4.5 will be reduced to 4.5, and the student may qualify for the re-evaluation test according to what is established in the section "Retake Process" below.


A student who takes part on any of the evaluation activities and turns in the activity for grading cannot be considered for a "Not Evaluable" status.


Calendar of evaluation activities

The dates of the evaluation activities (midterm exams, exercises in the classroom, assignments, ...) 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 264. 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: e-Formulari per a la reprogramació de proves.


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 andtime 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 2 of Article 261. The recovery (UAB Academic Regulations). Additionally, it is required that the student to have achieved an average grade of the subject greater than or equal to 3.5 and less than 5.

The date of the retake exam will be posted in the calendar of evaluation activities of the Faculty.

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

In spite of 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 11 of Article 266. Results of the evaluation. (UAB Academic Regulations).


The completion of assessment activities is subject to the provisions set out in this course guide and in the "Policy of the School of Economics and Business on the Detection of Irregularities during Assessment Activities", which regulates the conditions under which assessment tasks are conducted and the procedures applicable in cases where indications of irregularities are detected. Students are encouraged to consult the policy.


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.


Use of Artificial Intelligence

Prohibited use: “In this subject, the use of Artificial Intelligence (AI) technologies is not allowed in any of its phases. Any work that includes fragments generated with AI will be considered a lack of academic honesty and may lead to a partial or total penalty in the grade of the activity, or greater sanctions in serious cases.


2. Comprehensive Evaluation (Art. 265 of the UAB Academic Regulations)

By requesting the comprehensive evaluation the student waives the option of continuous evaluation.

The comprehensive evaluation must be requested at the Academic Management (Gestió acadèmica) of the Campus where the degree/master's degree is taught. The request must be filed according to the procedure and the deadline established by the administrative calendar of the Faculty of Economics and Business.

Attendance :

  • Student attendance is mandatory on the day of the comprehensive assessment. The date will be the same as that of the final exam of the semester as per the evaluation calendar published by the Faculty of Economics and Business and approved by the Faculty's Teaching and Academic Affairs Committee. The duration of the comprehensive assessment must be specified in the characteristics of such activity.
  • 100% of the evaluation evidences must be handed in by the student on the day of the comprehensive assessment.
  • The evaluation evidences carried out in person by the student on the same day of the comprehensive assessment must have a minimum weight of 70%.

There will be an examination of all the material included in the syllabus of the course and the grade of this examination will represent 100% of the grade of the course (2.5 hours).

\"For the retake procedure, no distinction is made between students who have followed the continuous evaluation and those who have opted for the comprehensive evaluation. All will be re-assessed using the same test or evaluation evidence.\"

\"The review of the final qualification will follow the same procedure as for the continuous evaluation\".

Bibliography

Varian, Hal. Intermediate Microeconomics. W. W. Norton & Company Inc. 9th Edition.

Belleflamme, P. & Peitz, M. (2021). The economics of platforms: concepts and strategy. Cambridge University Press.

Software

No special software is needed.

Course groups and languages

The information provided is provisional until November 30. After this date, you will be able to consult the language of each group through this link. To access the information, you will need to enter the course CODE

Type of teaching Group Language Semester Shift
(TE) Theory 1 Catalan first semester morning-mixed
(PAUL) Classroom practices 1 Catalan first semester morning-mixed
(TE) Theory 8 English first semester morning-mixed
(PAUL) Classroom practices 8 English first semester morning-mixed
(TE) Theory 51 Spanish first semester afternoon
(PAUL) Classroom practices 51 Spanish first semester afternoon