- Docente: Giancarlo Gozzi
- Credits: 8
- SSD: SECS-P/01
- Language: Italian
- Moduli: Giancarlo Gozzi (Modulo 1) Giancarlo Gozzi (Modulo 2)
- Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
- Campus: Bologna
- Corso: First cycle degree programme (L) in Business Economics (cod. 0891)
Course contents
1) Equilibrium analysis and comparative statics: economic efficiency and welfare.
2) Game theory and strategic behaviour: the notion of non-cooperative equilibrium.
3) Demand analysis and the theory of consumer behaviour.
a) Rational choice and consumer's decisions.
b) Consumer's choices and comparative statics: demand, prices and welfare.
c) The analysis of saving decisions: the model of intertemporal choices of the consumer.
d) The model of consumer choices in situations of risk and uncertainty.
4) Theory of the firm and the analysis of supply.
a) Technology and the cost curves of the firm.
b) The organization of the firm, resources and objectives.
c) The firm and the product market.
5) Market mechanism and efficiency: the competitive model of the market.
a) Perfect competition and market equilibrium; short run vs long run equilibrium of the competitive market.
b) Economic efficiency and market equilibrium.
c) Economic efficiency and market equilibrium with asymmetric information.
d) Economic efficiency and market equilibrium with externalities and public goods.
6) Non competitive markets and firms'strategies.
a) Monopoly power and barriers to entry.
b) Monopolistic competition and product differentiation.
c) Oligopolisitc markets and firms'competition: prices and quantities strategies.
d) Oligopolisitc markets and firms'competition: non prices strategies.
e) Competition, regulation and welfare.
Assessment methods
Written examination
Office hours
See the website of Giancarlo Gozzi