The asignatura Economic Theory is an introductory course of Economy thought for students that have not seen previously at all of this matter. It is a course of Economic Analysis. Therefore, along the course will go seeing a series of models whose aim is to describe the essential shots of the economic processes. We will begin by things very simple and will go building every time models more complex. Also we will do frequent references to different empirical works. REQUIREMENTS: basic Knowledges of Calculation
The main aim of this asignatura is to give a panoramic wide of the main problems that studies the Economy. Since it is the first asignatura of Economy that see the students of the Degree of Mathematics, the asignatura has an introductory character. We will begin describing the process of construction of models in Economy. To continuation will go seeing to a basic level the classical models in Economy. In particular, the theory of the production, the theory of the consumption and the model of general balance.
Subject 1: Introduction to the Economy Positive and normative economy. The cost of opportunity. Economic analysis and cons-trucción of models. Example: the market of apartments.
Subject 2: Offer and demand Offer and demand. Balance of market. Efficiency. Comparative statics. Elasticities.
Subject 3: The trade The border of possibilities of production. Absolute advantage and comparative advantage. Gains of the specialisation. Igualación Of the prices of the factors.
Subject 4: Theory of the production The competitive company. Functions of production. Maximisation of the profit. Of-it commands of factors. Functions of costs. Economies of scale. Entrance and balance on a long-term basis.
Subject 5: Investment Current value. Investment. Investment with uncertainty. Extraction of resources. Optimum moment to harvest.
Subject 6: Theory of the consumption The budgetary group. Preferences. Maximisation of the utility. Effect replacement and effect income. Offer of work. Compensatory differences. The price of the house. Election intertemporal. Uncertainty. Research. The box of Edgeworth and the general balance.
Subject 7: Interventions in the market Effects of the taxes. Minimum prices and maximum prices. Quotas.
Subject 8: Extensions Externalities. Public goods. Monopoly. Asymmetric information. Dispersion of prices. Model of Hotelling. Theory of the agency.
There is crowd of manuals of Economic Theory. I will use like main reference the book of R. Preston McAfee %u201CIntroduction to Economic Analysis.%u201D I do it by four main reasons: 1) it Is an excellent book. 2) it Is especially adapted for students that do not have previous knowledges of Economy. 3) it Has a technical level advanced. 4) can download of free form of internet. The page web is http://www.introecon.com/
In any case, and since the book is in English, I will go publishing the transparencies of the course in the CV and in the page web of the asignatura. It is very recommended to download the transparencies and read them before the class.
Other interesting books: %u2022 Varian, H: Microeconomía intermediate, Antoni Bosch, 2006 (a big book of introduction to the Microeconomía. It is the one who uses in first of Economy) %u2022 But-Colell, To., M. Whinston And J. Green: Microeconomic Theory, Oxford University Press, 1995 (east is the book that uses in all the programs of North American doctorate. The level is quite high)