Intermediate Microeconomics (2225.YR.014856.2)

Datos generales

Tipo:	OPT	Curso:	2,3	Periodo:	S semestre
Créditos ECTS:	3 ECTS

Profesorado:

Grupo	Profesor	Departamento	Idioma
Year 2	Daniel Sanchez Moscona	Economía, Finanzas y Contabilidad	ENG

Grupo	Profesor	Departamento	Idioma
Year 3	Daniel Sanchez Moscona	Economía, Finanzas y Contabilidad	ENG

None.

Knowledge of elementary multivariable calculus is assumed. Moreover, it is desirable that students
have previously taken some previous course in introductory microeconomics.

50% in class
50% individual study

This course will introduce students to some of the topics that are central to
microeconomic analysis. We will rigorously examine the classical models of consumer
behaviour, general equilibrium, and market failures. We will study how these models
are built form first principles so that students can understand how economists construct
models to simplify complex problems

By the end of the course, students are expected to be able to:
- Understand the precise definitions of some fundamental concepts in
microeconomics (preferences, utility, competitive equilibrium, public goods,
externalities, etc)
- Rigorously analyse the assumptions and results of simple microeconomic
models.
- Understand technical literature in economic theory and other related fields.
- Understand the mathematical foundations behind the construction of
theoretical models in social sciences.
- Analyse the possible implications of different types of government interventions
in the context of a market economy.

1. Consumer Theory Utility, marshallian demand function and comparative statics.

2. General Equilibrium The 2x2 Exchange Economy: Pareto-efficiency and the core of the economy. The competitive equilibrium and the Welfare Theorems.

3. Market Failures Externalities and Public goods. Government infervention

The course will consist of weekly lectures in which attendance and participation is expected. Students will have to hand in solutions to
some proposed problem sets. These are a fundamental part of the learning process.
The instructor will provide solutions to these problem sets during the lectures.

Actividades de evaluación

The main reference text for this course is:
- Varian, H. Intermediate Microeconomics - A modern approach. Nineth Edition,
W.W. Norton & Company Ltd, 2019.
Supplementary material such as lecture notes, problem sets, and other readings will be
provided by the instructor.

Grupo	Profesor	Departamento
Year 2	Daniel Sanchez Moscona	Economía, Finanzas y Contabilidad

Grupo	Profesor	Departamento
Year 3	Daniel Sanchez Moscona	Economía, Finanzas y Contabilidad