1. UNIVERSIDAD COMPLUTENSE DE MADRID D epartamento de Fundamentos del Análisis Económico I Microeconomics: Introduction Rafael Salas 2nd term 2014-2015

2. Microeconomics 2 nd Term 2014-15 Tuesday 12:30-14:30 Thursday 15:00-17:00 Room 109 Aulario Rafael Salas Office 308 Pabellón 3º r.salas@ucm.es Office hours Tuesday 10:00-11:30 Thursday 10:00-11:30 Website: www.salasweb.infowww.salasweb.info

3. Objectives Introduction to the method of analysis of the Economic Theory Becoming familiar with the use of models which reflect the behaviour of the economic agents and the forces that fix the prices in the markets. Producer behaviour: basic model, axioms

4. Organization and evaluation Lectures 4h a week Practical classes ½ a week 2 intermediate exams Final exam

5. Summary Production Cost of production Profit maximization and competitive firms Competitive markets Monopoly Oligopoly

6. References Basic bibliography zPindyck, R. and Rubinfeld, D. (2008): Microeconomics. 7 th Edition. Pearson- Prentice-Hall. Complementary bibliography zNicholson, W., Snyder, C. and Wood L. (2008): Intermediate Microeconomic. 11 th Edition. Cengage Learning. zVarian. H. R. (2009): Intermediate Microeconomics. A Modern Approach. 8 th Edition. Norton & Company.

7. UNIVERSIDAD COMPLUTENSE DE MADRID D epartamento de Fundamentos del Análisis Económico I Microeconomics II: Introduction Rafael Salas 2nd term 2014-2015