09446 - Microeconomics

Learning outcomes

The class aims to provide the basic analytical tools for the study of agents' economic behaviour and of market interactions.

At the end of the class, the student is able: - to analyse consumers' and firms' choices, - to understand agents' interactions in the different market structures, - to analyse the different types of government intervention to mitigate market failures.

Course contents

1. Introduction 2. Consumer theory 3. Production theory and cost theory 4. Perfect competition 5 General equilibrium 6. Monopoly 7. imperfect competition

More detailed versions of the program for the mid-term and the final exam will be provided online at the end of classes

Readings/Bibliography

Besanko, D.A., e R.R. Braeutigam, Microeconomia, IV ed., McGraw Hill, 2020. Edition II and III cover essentially the same material and can also be used.

Additional material is available on the textbook website.

Teaching methods

There will be 60 hours of classes.

There will be a mid-term exam, open only to first year students.

Assessment methods

There are two types of exams:

1. You can choose to take the mid-term sometime in April and a final exam in June - July.
2. You can choose to take a unique exam in June - July (or later on)

All the exams (mid-term and final) will be written. Exceptions are possible only if the student is in jail.

To take the exam, you must be enrolled on Almaesami. No exceptions.

You may choose not to accept a positive (18 or more) grade, and to retake the exam. You may do it just once. To do it, you must send me an e-mail before the deadline for the registration of the grades. 

Grades are expressed out of thirty. They should be interpreted as follows:

• <18: not sufficient
• 18−23: sufficient
• 24−27: good
• 28−30: very good
• 30 cum laude: excellent

Teaching tools

Class attendance is not mandatory, but strongly recommended

Office hours

See the website of Tito Pietra