96821 - MICROECONOMICS

Conoscenze e abilità da conseguire

At the end of the course the student grasps the basic knowledge of microeconomic theory and he/she can take part to the public debate with sufficient precision and independent judgement. In particular the student knows the theory of decisions under certainty, uncertainty and strategic interaction; he/she understands the working of the markets and can provide an assessment in terms of efficiency; he/she understands the various forms of market failures and the possible solutions.

Contenuti

Topics

• Market equilibrium and efficiency
• Consumption
• Production and perfect competition
• Strategic interaction
• Externalities
• Public goods and common resources
• Asymmetric information
• Monopoly
• Oligopoly
• Collective choices

The program written above is valid for ALL students (i.e. those attending classes, those who do not attend classes and those from previous years who still have to sit for the exam).

Testi/Bibliografia

The textbook is:

Microeconomics (2018, 5th Edition) Author(s): Paul Krugman and Robin Wells, Macmillan International.

Additional reading material will be provided in class.

ADDITIONAL RESOURCES

The Economy. Economics for a Changing World. First Edition. The CORE Team. Get a free online copy at the following website:

• https://www.core-econ.org/project/core-the-economy/

Other useful resources can be also found at the website: https://www.core-econ.org/

Metodi didattici

Lectures held by the teacher and exercise sessions held by the tutor.

Modalità di verifica e valutazione dell'apprendimento

There are three partial exams (written), each on specific topics of the course, and a final exam (written) which focuses on the entire program.
The final exam consists of a set of open questions. In this case, the final grade is a weighted average between the average grade of the three partial exams (whose weight is 0.8) and the final exam grade (whose weight is 0.2).

If the student does not participate in the partial exams or refuses the result, the total exam on the entire program.

Both the partial exams and the total exams consists of a combination of multiple choice questions, open questions and exercises.

In case online exams will be envisaged by the University of Bologna, the structure of the exam is the same. The exam will be run through Zoom and Exams Online (EOL). Detailed instructions on how to manage and hand in the online exam are available on the course page on the VIRTUALE platform.

The maximum possible score is 30 cum laude, in case all anwers are correct, complete and formally rigorous.

The grade is graduated as follows:

<18 failed
18-23 sufficient
24-27 good
28-30 very good
30 e lode excellent

Strumenti a supporto della didattica

Additional material will be published during the course on the platform Virtuale.

Orario di ricevimento

Consulta il sito web di Natalia Montinari