The syllabus for this Postgraduate certificate has been designed and created by a team of experts in the field to respond specifically to the needs of Business Science professionals. This compendium of content has also been designed with a focus on applied learning, which will allow professionals to successfully intervene by means of a broad vision connected to real environments in the profession. Thus, this syllabus will become the student's main asset when it comes to successfully entering a labor market that increasingly demands more and more specialized professionals who are knowledgeable of Microeconomics. 

What you study is very important. The skills and competencies you acquire are fundamental. You won't find a more complete syllabus than this one”

Syllabus

Microeconomics is a fragment of economics that analyzes the behavior of individual agents, such as consumers, companies, workers and investors, as well as their interrelation in various markets. Therefore, and understanding the importance that this has in the overall outcome of business economics, TECH offers students this complete Postgraduate certificate where they will gain a comprehensive understanding of Microeconomics.  

This Postgraduate certificate aims to provide business professionals with in-depth knowledge that will guide them when analyzing and successfully proposing measures at the microeconomic level. In this sense, the Postgraduate certificate will address the concept of Microeconomics, and will teach students to identify the basic variables involved, such as public intervention, externalities and public goods, and static and dynamic game theory. 

Likewise, throughout the program, students will analyze a multitude of practical cases through individual practice and teamwork that will allow them to gain an in-depth understanding of Microeconomics. This complete immersion in real situations will provide our students with a more complete and effective vision of this area and will help them understand how these operations will become the main professional asset when analyzing and predicting the status of an organization with a higher 
rate of success.   

Further, the content included in this Postgraduate certificate in Microeconomics is designed to develop skills that enable more rigorous decision-making in uncertain environments. This will enable professionals to make use of various fruitful and success-oriented mathematical operations. 

This Postgraduate certificate takes place over 6 weeks, and it consists of 1 module: 

Module 1. Microeconomics

A unique, key, and decisive educational experience to boost your professional development and make the definitive leap"

Where, When and How is it Taught?

TECH offers the possibility of developing this Postgraduate certificate in Microeconomics completely online. Over the course of 6 weeks, you will be able to access all the contents of this program at any time, allowing you to self-manage your study time.

Module 1. Microeconomics

1.1. Microeconomics: Welfare and Typology of Market Failures

1.1.1. Microeconomics

1.1.1.1. Microeconomics Principles and Concepts
1.1.1.2. Production
1.1.1.3. Consumer Sovereignty
1.1.1.4. Economic Agents

1.1.2. Welfare and Typology of Failures

1.1.2.1. Concept of Welfare
1.1.2.2. Net Present Value
1.1.2.3. Types of Failures and Market Constraints

1.2. Public Intervention. Externalities and Public Goods

1.2.1. Public Intervention

1.2.1.1. The Existence of Public Goods
1.2.1.2. State Intervention

1.2.2. Externalities

1.2.2.1. Internal Costs
1.2.2.2. External Costs or Negative Externality
1.2.2.3. External Benefits
1.2.2.4. Environmental Policy

1.3. Simultaneous Games: Normal Representation, Rationality and Information

1.3.1. Simultaneous Games

1.3.1.1. Concept
1.3.1.2. Representation
1.3.1.3. Applications

1.3.2. Types of Simultaneous Games

1.3.2.1. Symmetrical and Asymmetrical Simultaneous Games
1.3.2.2. Other Types

1.3.3. History of Game Theory

1.4. Dynamic Games: Extensive Representation, Perfect and Imperfect Information

1.4.1. Extensive Form Representation

1.4.1.1. From Extensive to Normal Form: Strategy

1.4.2. Backward Introduction and Sub-Game Perfect Nash Equilibrium

1.4.2.1. Sequential Rationality and Nash Equilibrium
1.4.2.2. Backward Introduction Procedure
1.4.2.3. Sub-Games with Perfect Information

1.4.3. Stackelberg's Duopoly Model

1.4.3.1. Concept
1.4.3.2. Applications

1.5. Oligopoly Characteristics and Models

1.5.1. Oligopoly Characteristics

1.5.1.1. Conceptualization
1.5.1.2. Difference between Oligopoly and Monopoly
1.5.1.3. Business Interdependence

1.5.2. Oligopoly Models

1.5.2.1. Differentiated
1.5.2.2. Concentrated
1.5.2.3. Duopolies

1.5.3. Barriers to Market Entry

1.5.3.1. Oligopoly Practices
1.5.3.2. Causes and Consequences

1.6. The Public Sector and Oligopolies

1.6.1. Different Models

1.6.1.1. Cournot Competition Model 
1.6.1.2. Stackelberg Competition Model

1.6.2. The Public Sector

1.6.2.1. Public Sectors and Innovation
1.6.2.2. Sector Failures
1.6.2.3. Oligopolies Worldwide

1.7. Monopolistic Competition

1.7.1. The Concept of Monopoly

1.7.1.1. Context
1.7.1.2. Concepts and Definitions

1.7.2. Characteristics of Markets

1.7.2.1. Examples of Markets
1.7.2.2. Imperfect Competition

1.8. Differentiation, Equilibrium and Comparison between Perfect and Monopolistic Competition

1.8.1. Differentiation

1.8.1.1. Concepts
1.8.1.2. Features
1.8.1.3. Highlights

1.8.2. Balance

1.8.2.1. Concept
1.8.2.2. Marginal Cost
1.8.2.3. Producers

1.8.3. Comparison

1.9. Consumer Choice Theory

1.9.1. Preferences

1.9.1.1. Consumer Choice Theory
1.9.1.2. Basket of Goods
1.9.1.3. Preferences and Restrictions
1.9.1.4. Binary Relation

1.9.2. Indifference Curve

1.9.2.1. Concept and Definitions
1.9.2.2. Curve Maps

1.9.3. Utility Function

1.9.3.1. Concept and Definitions
1.9.3.2. U-Level Functions
1.9.3.3. Formulation and Types of Axioms

1.10. Individual Demand Curves

1.10.1. Individual Demand

1.10.1.1. Conceptualization
1.10.1.2. Examples:

1.10.2. Demand Curves

1.10.2.1. Conceptualization
1.10.2.2. Determinants of Demand
1.10.2.3. Change in the Amount of Demand
1.10.2.4. Change in Demand

1.11. Intertemporal Choice

1.11.1. Intertemporal Preferences

1.11.1.1. Marginal Rate of Time Preference (MRTP)
1.11.1.2. Decreasing MRTP
1.11.1.3. Current Period and Uncertainty

1.11.2. Interest Rate and Discounted Value

1.11.2.1. Real Interest Rate
1.11.2.2. Present Value
1.11.2.3. Budget Constraint

1.12. Social Choice under Uncertainty and Risk

1.12.1. Risk Description

1.12.1.1. Analysis of Decisions
1.12.1.2. Expected Value
1.12.1.3. Fair Play
1.12.1.4. Variability
1.12.1.5. Deviations

1.12.2. Risk Preferences

1.12.2.1. Expected Utility
1.12.2.2. Risk-Averse Individuals
1.12.2.3. Risk-Neutral Individuals
1.12.2.4. Risk-Loving Individuals
1.12.2.5. Risk Premium and Value of Certainty

1.12.3. Risk Reduction

1.12.3.1. Diversification
1.12.3.2. Actuarial Justice
1.12.3.3. Reservation Price

1.13. Asymmetric Information

1.13.1. Asymmetric Information

1.13.1.1. Adverse Selection
1.13.1.2. Moral Hazard
1.13.1.3. Asymmetric Information Theory

A unique, key, and decisive educational experience to boost your professional development and make the definitive leap towards a better professional future” 

The objectives of this program are based on meeting the educational needs of Business Science professionals in the field of business Microeconomics in various sectors and at various scales. In this sense, a complete and optimal program has been realistically established to lead students to academic excellence and encourage them to achieve an efficient progression in their professional careers. For all these reasons, this program will be a journey of personal and professional growth for our students that will lead them to the highest quality in expert intervention in business calculations. 

International experience, ethical commitment, and business acumen are some of the most sought-after traits in executives in the digital age”  

TECH hace suyos los objetivos de sus alumnos.  
Trabajan conjuntamente para conseguirlos. 

The Postgraduate certificate in Microeconomics qualifies students to:  

1. Achieve a global and general vision of microeconomics and its implication in companies 
2. Identify the basic variables in microeconomics, such as public intervention Learn about externalities and public goods, static and dynamic game theory 
3. Integrate the effects of microeconomic variables within the business environment 
4. Thoroughly understand the fundamentals of microeconomics