09446 - Microeconomics (F-N)

Learning outcomes

By the end of the course the students will: - master the basic tools for the study of the behaviour of the main economic agents (consumers, firms, government) and of their interactions in the markets. - know the basic theoretical instruments for the understanding of the redistributive effects of public policies, with particular reference to the Italian case.

Course contents

ORGANIZATION OF LECTURES:

The course is organized with lectures taught in presence. 

Exams are exclusively in presence.

PROGRAM OF THE COURSE:

Introduction 
1. Preliminaries: themes of Microeconomics
2. Mathematical tools

Part I: Consumption and Production Decisions
Consumption Decisions

3. Consumer choice
4. Individual and market demand

Production Decisions 
5. Production and technology
6. Production costs

Part II: Market Structure

Perfect Competition
7. Profit maximization and supply
8. Analysis of perfectly competitive markets
Monopoly
9. Market power and monopoly pricing
Oligopoly
10. Models of duopoly

Readings/Bibliography

Pindyck, R.S. e D.L. Rubinfeld: Microeconomics, Pearson, Prentice Hall, 9th edition, 2018.

Supplementary material:

• Virtuale

Teaching methods

Lectures and tutorials

Assessment methods

The final assessment consists in awrittenexamination with multiple-choice questions, numerical exercises and theoretical questions.

Students who attend all lectures have the possibility to undertake a mid-term examination on the first part of the programme plus a final examination on the rest of thesyllabus.

Teaching tools

Tutorials will be provided, on a weekly basis.

Office hours

See the website of Nadia Burani