- Docente: Giorgio Giovanni Negroni
- Credits: 10
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Forli
- Corso: First cycle degree programme (L) in International relations and diplomatic affairs (cod. 8048)
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from Feb 20, 2024 to May 24, 2024
Learning outcomes
At the end of the course the student grasps the basic knowledge of microeconomic theory and can take part to the public debate with sufficient precision and independent judgement. In particular, the student knows the theory of decisions under certainty and strategic interaction; she understand the working of the markets and can provide an assessment in terms of efficiency; she understands the various forms of market failures and the possible solutions.
Course contents
The following arguments will be covered:
+ The working of the markets: demand, supply, equilibrium;
+ The determinants of demand: consumption decisions;
+ The determinants of supply: technology and cost;
+ The origin of "value": a comparison between alternative approaches
+ Market structure and efficiency: perfect competition, monopolistic competition, oligopoly and monopoly;
+ Market failures: externalities, public goods, common resources;
+ Factor markets, income distribution and inequality
Readings/Bibliography
The text book adopted is: KRUGMAN P., WELLS R., Microeconomics, Zanichelli; latest edition.
Some specific points will be supplemented by HILL R. and MYATT T., The Economics Anti-Textbook. A Critical Thinker’s Guide to Microeconomics, Zed Books, 2010.
Additional readings will be communicated at due time.
The detailed program and its final bibliography will be communicated at the beginning of the course.
Teaching methods
The course is based on traditional teaching methods
Assessment methods
The assessment method is based on three partial exams and in a final exam. Each partial exam covers specific parts of the syllabus; the final exam covers the whole syllabus. All exams are written.
The partial exams consist of 10 questions (multiple choice). The final exam consists of open questions and exercises. If the average grade of the partial exams is at least 18/30, the final exam consists of 2 questions; in all the other cases (including the case of not-attending students), the final exam consists of 3 questions. In any case the final exam lasts one hour.
The final grade is a weighted average of the three written (partial) exams and of the final exam (the weight of the latter is 49% ).
Teaching tools
slides
Office hours
See the website of Giorgio Giovanni Negroni