
Microeconomics I
Code: 102337Credits: 6
| Degree programme | Type | Course |
|---|---|---|
| Business Administration | OB | 2 |
| Economics | OB | 2 |
Contact lecturer
- Name :
- Amedeo Piolatto
- Email :
- amedeo.piolatto@uab.cat
Teaching staff
- Johannes Gierlinger
- Amedeo Piolatto
- Marina Bannikova
Group languages
You can consult this information at the end of the document.
Prerequisites
Introduction to Economics
Mathematics I & II
Objectives
The aim of this course is to understand the basic tools of microeconomic analysis and to become proficient in their use.
We will focus on Consumer Theory (preferences, utility, consumption and demand).
Learning outcomes
Business Administration
- CM27 (Make consumption, production and investment decisions in changing environments based on microeconomic tools.) Make consumption, production and investment decisions in changing environments based on microeconomic tools.
- CM28 (Resolve equilibria by interpreting their meaning in the field of economics and business.) Resolve equilibria by interpreting their meaning in the field of economics and business.
- KM26 (Identify the determinants of demand and supply.) Identify the determinants of demand and supply.
- SM27 (Associate the company's technological structure with the cost structure, describing the translation processes.) Associate the company's technological structure with the cost structure, describing the translation processes.
- SM29 (Develop synthesis capacities in the microeconomic field.) Develop synthesis capacities in the microeconomic field.
Economics
- CM24 (Make consumption, production and investment decisions in changing environments based on microeconomic tools.) Make consumption, production and investment decisions in changing environments based on microeconomic tools.
- CM25 (Resolve equilibria by interpreting their meaning in the field of economics and business.) Resolve equilibria by interpreting their meaning in the field of economics and business.
- KM22 (Identify the determinants of demand and supply.) Identify the determinants of demand and supply.
- SM23 (Associate the company's technological structure with the cost structure, describing the translation processes.) Associate the company's technological structure with the cost structure, describing the translation processes.
- SM25 (Develop synthesis capacities in the microeconomic field.) Develop synthesis capacities in the microeconomic field.
Contents
Chapters (in parenthesis) refer to the 9th edition of the recommended textbook (Varian, Intermediate Microeconomics). The content of the textbook is complemented with additional material covered in class or uploaded on Campus Virtual.
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)
Learning activities and methodology
| Title | Hours | ECTS | Learning outcomes |
|---|---|---|---|
| Exercises and group discussion | 17 | 0.68 | |
| Lectures | 32.5 | 1.3 | |
| Tutorials | 1 | 0.04 | |
| Study of texts and videos | 25.5 | 1.02 | |
| Study, preparation and discussion of exercises | 72 | 2.88 |
The planned methodology includes study, preparation and discussion of exercises, study of texts and videos, group exercises, lectures and tutorials.
The proposed teaching methodology may undergo some modifications according to the specific needs.
Assessment
Continuous assessment activities
| Title | Weight | Hours | ECTS | Learning outcomes |
|---|---|---|---|---|
| Final Exam | 50 % | 1 | 0.04 | CM24, CM25, CM27, CM28, KM22, KM26, SM23, SM25, SM27, SM29 |
| Tests during the semester | 50 % | 1 | 0.04 | CM24, CM25, CM27, CM28, KM22, KM26, SM23, SM25, SM27, SM29 |
This subject/module does not provide for a single assessment system.
Assessment process The assessment process includes both tests during the semester and a final exam.
- Tests during the semester (50% of the final grade)
- Includes a partial test, which will account for 26% of the final grade.
- Also includes one or more additional activities/tests (written or oral) which, in total, will account for the remaining 24%. Details will be announced via the Virtual Campus before the start of the semester.
- Final exam (50% of the final grade)
Tests and exams:
- May include questions on all content covered in class, as well as the content of the textbook, videos, and all material published on the Virtual Campus.
- May include open-ended or multiple-choice questions and may be written or oral. Rescheduled tests/exams are, by default, oral.
In accordance with current academic regulations, the teaching staff may lower a student's grade by up to 2 points out of 10 in the event of failure to comply with conduct regulations during classes, tests, or exams.
Non-assessable: A student shall be considered "Non-assessable" (No avaluable) in the subject provided they have not participated in any of the assessment activities. Therefore, a student who completes any component of continuous assessment can no longer opt for a "Non-assessable" status.
Use of AI: In this subject, the use of Artificial Intelligence (AI) technologies is not permitted in any phase.
Assessment schedule
The dates of the different assessment tests (classroom exercises, submission of assignments, etc.) will be announced with sufficient notice during the semester. The date of the partial exam and the final exam is programmed in the Faculty's exam calendar.
"The schedule of assessment tests may not be modified, unless there is an exceptional and duly justified reason for which an assessment cannot be carried out. In this case, those responsible for the degree programmes, having consulted the teaching staff and the affected students, shall propose a new schedule within the corresponding teaching period" (Section 1 of Article 264, UAB Academic Regulations).
Students who, in accordance with the previous paragraph, need to change an assessment date must submit their request using the following form: https://eformularis.uab.cat/group/deganat_feie/nou-reprogramacio-de-proves
Grade review procedure
We will announce in due time the when and how final grades will be published. Likewise, information regarding the procedure, location, date, and time for exam reviews will be provided in accordance with University regulations.
Resit process
"To participate in the resit, students must have previously been assessed in a set of activities whose weight is equivalent to a minimum of two-thirds of the total grade of the subject" (Section 2 of Article 261, UAB Academic Regulations). Students must have obtained an average grade for the subject of 3.5 or higher and less than 5.
The date of this test will be programmed in the Faculty's exam calendar. The resit exam grade is qualitative, with two possible results: 'pass' or 'fail'. In the case of a 'pass', the grade that will appear on the transcript is a 5. In the case of a 'fail', the final grade will be the same as it was before the resit exam.
Irregularities in assessment acts
Any irregularity committed during any test, exam, or submission of practical work —which includes having access to prohibited material (documents, electronic devices, etc.) even if they have not been used— will result in the immediate failure of that assessment. Likewise, being caught with any electronic device during a test or exam, regardless of whether it was attempted to be used or not, will result in the direct failure of the entire subject.
The completion of assessment activities is subject to this teaching guide, as well as the "Faculty of Economics and Business Policy on the detection of irregularities during the completion of assessment activities". Students are advised to consult its content.
Bibliography
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.
Software
There is no specific software for this course. However, some knowledge of Wolfram|Alpha may be useful. Wolfram|Alpha is available online.
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 | 2 | Catalan | first semester | morning-mixed |
| (PAUL) Classroom practices | 2 | Catalan | first semester | morning-mixed |
| (TE) Theory | 4 | English | first semester | morning-mixed |
| (PAUL) Classroom practices | 4 | English | first semester | morning-mixed |
| (TE) Theory | 8 | English | first semester | morning-mixed |
| (PAUL) Classroom practices | 8 | English | first semester | morning-mixed |
| (TE) Theory | 51 | Catalan | first semester | afternoon |
| (PAUL) Classroom practices | 51 | Catalan | first semester | afternoon |
| (TE) Theory | 52 | Catalan | first semester | afternoon |
| (PAUL) Classroom practices | 52 | Catalan | first semester | afternoon |
| (TE) Theory | 60 | Catalan | second semester | morning-mixed |
| (PAUL) Classroom practices | 60 | Catalan | second semester | morning-mixed |