This course has the main goal to provide the basic economic background the analysis the complexity of the modern economic theory. To this goals the course first analyzes the fundamental determinants of the behaviour of two types of economic agents: consumers (consumption choices) and firms (production choices). Then, the interactions of these agents will be studied in the context of different market structures: perfect competition, monopoly, oligopoly and monopolistic competition.
Expected learning outcomes
At the end of this course the students will be comfortable with the tools of the cost-benefit analysis applied to both the individual and the collective choices. Through exercises classes they will have the chance to move from the theory to the practice with specific applications, and this will help them to consolidate the cost-benefit analysis for future applications in other disciplines, as law or political science.
Chapters 1-14; 16, 17 of the book Microeconomia, Frank e Cartwright, Mc Graw Hill. The course and the book are in Italian
Prerequisites for admission
There is no formal requirement, but you are strongly recommend to take Mathematics.
Lectures and exercises classes. Some topics of the course will also be addressed with the help of interactive and/or experimental methods.
Frank. R.H. and Cartwright, E., Microeconomia, Mc Graw Hill, latest edition.
Assessment methods and Criteria
The exam is written and in Italian, and it includes 12 multiple choice questions (both theory-related and exercises). Every answer is worth 2.5 points, with a penalty of 0.625 for every wrong answer. The penalty is not applied in the first exam at the end of the course. The duration of the exam is 95 minutes.