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32424 - Advanced Microeconomics

Academic Year 2022/2023

                
                        Docente:
                        Nadia Burani
                    
                        Credits:
                        10
                    
                        SSD:
                        SECS-P/01
                    
                        Language:
                        Italian
                    
                        Teaching Mode:
                        Traditional lectures
                        
                            Campus:
                            Bologna
                        
                            Corso:
                            Second cycle degree programme (LM) in
                            Economics and Economic Policy (cod. 8420)

                            Teaching resources on Virtuale

Learning outcomes

The aim of this course is to provide a thorough knowledge of theoretical models and analythical methods of modern microeconomics.

Course contents

ORGANIZATION OF LECTURES:

The course is organized with all lectures taught in presence. Exams are in presence too.

COURSE CONTENT:

PART I: Consumer theory
1. Utility maximization
2. Expenditure minimization
3. Duality and comparative statics
4. Decisions under uncertainty: Expected utility theory

PART II: Theory of the firm
5. Technology and production function
6. Profit maximization
7. Cost minimization
8. Cost functions, geometry of costs, duality

PART III: General Equilibrium
9. Pure exchange economies
10. Economies with consumption and production

Readings/Bibliography

The main textbook is Jehle G.A. e P. Reny: "Advanced Microeconomic Theory, Prentice Hall, 2010.

Teaching methods

Lectures and tutorials.

As for mathematical prerequisites, a good knowlwdge of the following topics is needed:

linear algebra
functions of many variables
differential calculus
optimization subject to constraints

Students who lack such prerequisites are invited to catch up as soon as possible by attending the crash-course in Mathematics and by studying the mathematical appendices of the above-listed texts.

Assessment methods

The final assessment consists in awrittenexamination with analytical exercises and theoretical questions. Analytical exercises are worth 2/3 of the final grade while theoretical questions are worth 1/3.

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

No oral examinations are admitted.

Teaching tools

Theory will be complemented by tutorials to be added to the ordinary time schedule.

Office hours

See the website of Nadia Burani

SDGs

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