Course guide of Microeconomics 1 (2261118)

• Students should have appropriate skills on basic mathematical analysis: representation of functions, solving equations with one/two unknowns, partial derivatives, optimization subject to equality constraints.

• Consumer Choice
• Production and Costs
• Equilibrium: product market, factor market and general equilibrium.

• The purpose of this course is to provide basic concepts, objectives and instruments of Microeconomics: concept of preferences and utility function, budget constraint, optimal choice, firm technology and production choice.
• Students will be able to understand the concept of consumer demand and compute it for different utility functions. They will also understand and be able to solve the producer's problem for different technologies under the assumption of competitive markets.
• Additionally, students will be able to estimate the changes in the consumer demand caused by changes in the prices of the goods and/or in the income of the agent.

• CONSUMER THEORY
• Topic 1: Preferences and utility
• Topic 2: The budget constraint and optimal consumer choice
• Topic 3: Demand functions
• PRODUCER THEORY
• Topic 4: Theory of the firm (I): the single input model
• Topic 5: Theory of the firm (II): the long run, multiple inputs model
• Topic 6: Theory of the firm (III): the short run, multiple inputs model

• Seminars/Workshops
  • Practical workshops 1-2: Consumer Choice
  • Practical workshops 3: Demand
  • Practical workshops 4-6: Production

• Serrano, R. and Feldman, A.M. (2018), A Short Course in Intermediate Microeconomics with Calculus. Cambridge University Press.
• Jiménez, N. y Molis, E. (2013), Microeconomía I, segunda edición, Editorial Técnica AVICAM (in Spanish).
• Varian, H. (2009), Intermediate Microeconomics: A Modern Approach. Norton & Company.

• Frank, R.H. (2008): Microeconomics and Behaviour, seventh edition, McGraw Hill.
• Miller R.L. and R.E. Meiners (1991), Microeconomics, McGraw-Hill.
• Pindyck R.S and Rubinfeld D.L. (1995): Microeconomics, Prentice-Hall.

http://www.core-econ.org/

• MD01. Face-to-face teaching in the classroom 
• MD02. Individual work by the student; retrieval, consultation and processing of information; problem solving and practical case studies; and completion of assignments and presentations 
• MD03. Individual and/or group tutoring and evaluation  

• According to the Normativa de evaluación y de calificación de los estudiantes de la Universidad de Granada (last update approved on October 26, 2016), students' evaluation will be based on public and objective criteria and it will be primarily continuous.
• The evaluation will be structured as follows:
  • Final Exam, 60%. This exam will be a test questionnaire. Wrong answers will be penalized.
  • Evaluation of each thematic block, 30%. At the end of each thematic block, an individually evaluable test of knowledge will be carried out. There will be a total of 3 tests and each of them will score 10% of the overall grade.
  • Participation in classes and practical exercises, 10%.
• 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.

• According to Artículo 8 of the Normativa de Evaluación vigente, the student has the option to choose a unique final evaluation. The student will need to apply for this alternative in the first two weeks of the subject's teaching period (or in the first two weeks from his/her enrolment at the subject) and via procedimiento electrónico, to the head of the department, providing all reasons that justify the inadequacy of the continuous evaluation (labor, health, disability or any other plausible motive). Such evaluation is understood as the one made in a unique academic act in order to prove that the student has achieved all competences aforementioned.
• It will consist in a unique test exam. Incorrect answers will be penalized. The final grade will be exactly the score of this exam.

• It will consist in a unique test exam. Incorrect answers will be penalized. The final grade will be exactly the score of this exam.

• The department of Economic Theory and History, according to the Normativa para la atención al estudiantado con discapacidad y otras necesidades específicas de apoyo educativo (approved in 20th September, 2016), will encourage the right to education of those students with disabilities and other specific necessities of educative support. All necessary measures to ensure their effective inclussion will be adopted, warranting their right to an inclusive education, according to non-discrimination principles, equality of opportunities and universal access with the aim of deveoping their personal capacities as much as possible and, in general, to achieve the goals established for all students.
• Information contained in this course guide might be updated in case of unexpected events, normative changes or new guidelines adopted by health authorities, the University or the Faculty.