Microeconomics
A.Y. 2019/2020
Learning objectives
The course aims to provide students with the basics of microeconomics. It aims to provide students with a general understanding of the theory of consumer choice (in the context of utility maximizing), the theory of firms decisions as regards the dual problem of maximizing production and cost minimization. Finally, the course provides students with the knowledge of different market structures. The goal is to supply students with instruments to understand the actual markets where consumers and companies interact. The students, at the end of the course, will be able to define and to investigate the real world.
Expected learning outcomes
The students will be able to analyze the real markets where companies and consumers interact, with a special focus on imperfect competition due to the strong interdependence among companies that characterizes the majority of markets in the real world. The students will gain the critical capacity of evaluating information supplied by newspapers, TV and social network, as regards interactions between companies and consumers. The critical capacity obtained at the end of the course will allow students to compare different studies and different analyses: studies with an impartial interpretation of data and analyses where there are potential attempts to manipulate data. Moreover, the students should be able to develop their own analysis in a critical way.
Lesson period: Third trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
Single session
Responsible
Lesson period
Third trimester
Course syllabus
In the first part of the course, consumer's theory, from preferences and utility, up to derive optimal demand under budget constraints, will be presented. In the second part, the program focuses on firms optimizing behaviour, subject to technological constraints and its supply. Market demand-supply interactions and the concept of equilibrium are then investigated, together with the different market structures (perfect competition, monopoly and different types of oligopoly).
Prerequisites for admission
There are not particular requirements for attending the course. You need to revise some basic concepts of mathematics
Teaching methods
Attendance is very important for the final exam. Teaching is provided with slides uploaded on Ariel and with some online lessons on Teams, to maintain contact with students. Students also have additional hours with an assistant professor who will help them in solving microeconomics exercises. Additionally, online seminars ,with experts from the world of entrepreneurship, associations and institutions, are provided. This year the topic is about industrial policies and digital transformations the 29th May 2020.
Teaching Resources
the book Microeconomia Krugman e Wells, Edizioni Zanichelli
the slides uploaded by the teacher on ARIEL
the slides uploaded by the teacher on ARIEL
Assessment methods and Criteria
The final examen is a written examination. The examen will be a multiple choice test with exercises and theoretical questions.
SECS-P/01 - ECONOMICS - University credits: 9
Lessons: 60 hours
Professor:
Giorgetti Maria Letizia
Shifts:
-
Professor:
Giorgetti Maria LetiziaProfessor(s)
Reception:
11.30 a.m-13.30 a.m.,Thursday
aula 9- 2° piano via Conservatorio, 7