09446 - Microeconomics

Academic Year 2022/2023

  • Moduli: Emanuele Bacchiega (Modulo 1)
  • Teaching Mode: Traditional lectures (Modulo 1)
  • Campus: Bologna
  • Corso: First cycle degree programme (L) in Information Science for Management (cod. 8014)

Learning outcomes

Upon completion of the course, the student has gained a detailed knowledge of: - the methodology of Microeconomics and the objects of its analysis; - Consumption theory (budget constraint, preferences, choice, revealed preferences, Slutsky equation, buying and selling); - Consumption under uncertainty (expected utility, risk attitudes); - Hints on welfare economics (1st and 2nd theorems of welfare economics).

Course contents

MODULE 1
  1. Introduction
  2. Consumer theory under certainty, individual and market demands, Notes on choice under uncertainty.
  3. Intertemporal choices and activity markets.
  4. Consumer surplus, revealed preferences and the Slutsky equation.
  5. Individual and market demand, exchange.

MODULE 2

  1. Technology: cost minimization, cost curves.
  2. Firm and industry supply.
  3. Competitive equilibrium.
  4. Monopoly.

Readings/Bibliography

  • Hal R. VARIAN, Microeconomia, Cafoscarina, Venezia, last edition.
  • Further references will be indicated when needed.

Teaching methods

Traditional lectures.

Assessment methods

Written, closed book, exam: multiple-choice and short free-response questions. The maximum mark (all answers correct and complete, with an appropriate level of formalization) is 30 e lode.

Mark scale:

<18         Fail.

18-23      Pass.

24-27      Good.

28-30      Distinction.

30 e lode Great Distinction.

If online, the exams will be held on the EOL platform and will have the same structure.

Calculators are allowed.

Teaching tools

The slides used in class as well as some sample exams will be posted on the e-learning platform.

Office hours

See the website of Emanuele Bacchiega

SDGs

No poverty Industry, innovation and infrastructure Responsible consumption and production

This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.