09446 - Microeconomics (A-L)

Academic Year 2019/2020

Learning outcomes

At the end of the course the student grasps the basic knowledge of microeconomic theory and 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 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

1. Market Equilibrium and efficiency

2. Consumption decisions.

3. Production decisions and perfect competition.

4. Classical political economy: Smith, Ricardo and Marx

5. Strategic interaction.

6. Monopoly

7. Oligopoly

8. Externalities.

9. Public goods and common resources.

10. Asimmetric information.

11. Collective choices.

 

 

Readings/Bibliography

Lavanda Italo e Rampa Giorgio, Microeconomia. Scelte Individuali e Benessere Sociale, Carocci Editore, 2004.

Patel Raj, Il Valore delle Cose e le Illusioni del Capitalismo, Feltrinelli, 2009.

On some specific topics some further readings will be required.


Teaching methods

Traditional teaching methods will be used.

The detailed syllabus, the additional readings, the tutorials and the announcements will be available in the instructor's web site .

 


Assessment methods

  • Three written (partial) exams, each on specific parts of the syllbus, and a final written exam, on the whole syllabus.
  • The final grade is a weighted average of the three written (partial) exams and of the final exam (the weight of the latter is 52% ).
  • If the average grade of the partial exams is at least 18/30, the final exams consists of 4 questions; otherwise it consists of 6 questions. In any case the final exam lasts two hours.
  • The partial exams consist of 10 questions (multiple choice).
  • The final exam consists of open questions and excercises.

    • Teaching tools

    Tutorials.

    A web site with the teaching materials used.

    Office hours

    See the website of Giorgio Giovanni Negroni