Consumer theory under certainty, and under risky conditions. Intertemporal choices. Production theory, costs minimization and profit maximizazion. Partial and general market equilibrium. Elements of game theory. Perfect and imperfect competitions. Price discrimination, externalities and public goods. Asymmetric information.
Course Content - Last names M-Q
Consumer theory under certainty, and under risky conditions. Intertemporal choices. Production theory, costs minimization and profit maximizazion. Partial and general market equilibrium. Elements of game theory. Perfect and imperfect competitions. Price discrimination, externalities and public goods. Asymmetric information.
Clo- Distefano-Doni-Ferrante-Luporini, Microeconomia, McGraw Hill- Create, Università degli Studi di Firenze, 3d Edition, 2024.
ISBN: 97813079663366
(Alternatively you can use the 1st or the 2nd edition)
(In alternative, 1st Ed., 2019, ISBN 9781307515824)
Learning Objectives - Last names C-E
The course aims to provide basic conceptual and formal tools to acquire capabilities to "view" subjects in a human society in an economic exchange of goods and services. At the end of the course students should know how economic theory represents i) the choices of firms and consumers, also in the presence of uncertainty or strategic interaction; ii) the determination of prices and quantities on the basis of a specific market characteristics; iii) the main causes of market failures. The knowledge of such models should allow students to solve basic economic problems.
Learning Objectives - Last names M-Q
The course aims to provide basic conceptual and formal tools to acquire capabilities to "view" subjects in a human society in an economic exchange of goods and services. At the end of the course students should know how economic theory represents i) the choices of firms and consumers, also in the presence of uncertainty or strategic interaction; ii) the determination of prices and quantities on the basis of a specific market characteristics; iii) the main causes of market failures. The knowledge of such models should allow students to solve basic economic problems.
Prerequisites - Last names C-E
The analytical comprehension of the main economic models requires the knowledge of the basic concepts of mathematical analysis (e.g. derivatives, optimization methods). Attendance and, possibly, positive examination of the math course is recommended.
Prerequisites - Last names M-Q
The analytical comprehension of the main economic models requires the knowledge of the basic concepts of mathematical analysis (e.g. derivatives, optimization methods). Attendance and, possibly, positive examination of the math course is recommended.
Teaching Methods - Last names C-E
The course includes lectures and exercises. Attendance of lectures should be accompanied by private study of texts and pratice of exercises.
Teaching Methods - Last names M-Q
The course includes lectures and exercises. Attendance of lectures should be accompanied by private study of texts and pratice of exercises.
Further information - Last names C-E
Attendance is reccommended.
Further information - Last names M-Q
Attendance is reccommended.
Type of Assessment - Last names C-E
The assessment of students' learning entails a written examination. In such examination the teacher evaluates the following skills: understanding, learning and ability to apply the main economic concepts, ability to make personal judgements on real economic facts. The final examination consists in a two-hours written test, and a short oral evaluation. In the standard test there are: i) 2 open questions in which students should prove their ability in illustrating some of the main economic issues presented during the course; ii) 4 exercises in which students should prove their ability to solve some basic economic questions by means of the the main models presented during the course.
A further optional question may be asked by students who want to obtain a grade higher than 28 or, at least, to increase the evaluation obtained with the ordinary test. In this optional question they have to demonstrate their reasoning ability by applying the analytical tools introduced during the course to problems not dealt with in the lectures.
Type of Assessment - Last names M-Q
The assessment of students' achievemnts is based on a written examination. In such examination the teacher evaluates the following skills: understanding, learning and ability to apply the main economic concepts, ability to make personal judgements on real economic facts. The final examination consists in a two-hours written test. In the standard test there are: i) 2 open questions in which students should prove their ability in illustrating some of the main economic issues presented during the course; ii) 4 exercises in which students should prove their ability to solve some basic economic questions by means of the the main models presented during the course.
A further optional question may be answered by those students who want to obtain a grade higher than 28 or, at least, to increase the evaluation obtained with the ordinary test. In this optional question they have to demonstrate their reasoning ability by applying the analytical tools introduced during the course to problems not dealt with in the lectures
Course program - Last names C-E
The detailed program corresponds to the whole index of the textbook with the exception of the ch. 19. A futher list with some paragraphs of the other chapters not included in the program is available on the e-learning page of the course.
Course program - Last names M-Q
The detailed program corresponds to the whole index of the textbook with the exception of the following paragraphs: ch. 2.5; ch. 4.3.1, 4.3.4, 4.4; ch. 5.2.4, 5.3.2 and 5.7; ch. 11.7; ch. 12.6;ch. 13.1.6; ch. 14.3-4; ch. 16(20).2-3 e 16(20).5; ch. 17(16).2-5; ch. 19.