Microeconomics
A.Y. 2020/2021
Learning objectives
The course aims to provide students with the basic principles of Microeconomics, exposing them to rigorous albeit simple mathematical formalization of decision making processes, and with an exposure to the perspective of behavioral economics.
Expected learning outcomes
Undefined
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
Introduction. Thinking like an economist. Cost-Benefit Analysis (Ch.1)
Supply and Demand. (Ch.2)
Consumer choice: the budget constraint (Ch.4)
Consumer choice: Preferences (Ch.4)
Consumer choice: Utility maximization (Ch.4)
Individual Demand (Ch.5)
Income and substitution effect (Ch.5)
Elasticity (Ch.5)
Taxation, Consumer Surplus (Ch. 6)
Information (Ch. 7)
Choice under risk (Ch. 7)
Cognitive limitations and consumer behaviour (Ch. 9)
Introduction to Game TheoryOther regarding behaviour (Ch. 8)
Production, short and long run (Ch. 10)
Costs, short and long run (Ch. 11)
Relationship between cost curves (Ch. 11)
Profit maximization and market equilibrium in the short run (Ch. 12)
Adjustment in the long run (Ch. 12)
Monopoly (Ch. 13)
Price discrimination (Ch. 13)
Cournot Model (Ch. 14)
Bertrand Model, Collusion (Ch. 14)
Externalities (Ch. 18)
Supply and Demand. (Ch.2)
Consumer choice: the budget constraint (Ch.4)
Consumer choice: Preferences (Ch.4)
Consumer choice: Utility maximization (Ch.4)
Individual Demand (Ch.5)
Income and substitution effect (Ch.5)
Elasticity (Ch.5)
Taxation, Consumer Surplus (Ch. 6)
Information (Ch. 7)
Choice under risk (Ch. 7)
Cognitive limitations and consumer behaviour (Ch. 9)
Introduction to Game TheoryOther regarding behaviour (Ch. 8)
Production, short and long run (Ch. 10)
Costs, short and long run (Ch. 11)
Relationship between cost curves (Ch. 11)
Profit maximization and market equilibrium in the short run (Ch. 12)
Adjustment in the long run (Ch. 12)
Monopoly (Ch. 13)
Price discrimination (Ch. 13)
Cournot Model (Ch. 14)
Bertrand Model, Collusion (Ch. 14)
Externalities (Ch. 18)
Prerequisites for admission
A successful attendance of the course relies upon basic mathematical tools such as systems of linear equations. Knowledge of differential calculus though not mandatory is very useful.
Teaching methods
Teaching consists in a theoretical part coupled with practical exercises and some experiments in class
Teaching Resources
Frank R. and E. Cartwright Microeconomics and Behaviour, 3rd Ed., McGraw Hill (2020)
Assessment methods and Criteria
Written exam
SECS-P/01 - ECONOMICS - University credits: 9
Lessons: 60 hours
Professors:
Gamba Simona, Massaro Domenico
Professor(s)