09446 - Microeconomics (F-N)

Learning outcomes

By the end of the couse the students will: - masterthe basic tools for thestudy of the behaviour of the main economic agents (consumers, firms, goverment) and of their interactions in the markets. - know the basic theoretical instrumentsfor the understandingof the redistributive effects of public policies, with particular reference to the Italiancase.

Course contents

INTRODUCTION
1. Preliminaries: themes of Microeconomics
2. Mathematical tools

PART I: CONSUMPTION AND PRODUCTION THEORY
Consumption Decisions
3. Consumer choice
4. Individual and market demand
Production Decisions
5. Production and technology
6. Production costs

PART II: MARKET STRUCTURE
Perfect Competition
7. Profit maximization and supply
8. Analysis of perfectly competitive markets
Monopoly
9. Market power and monopoly pricing
Oligopoly
10. Models of duopoly

PART III: GENERAL EQUILIBRIUM, EXTERNALITIES AND PUBLIC GOODS
11. General equilibrium in pure exchange: efficiency and equity
12. Externalities
13. Public Goods

Readings/Bibliography

Pindyck, R.S. e D.L. Rubinfeld: Microeconomics, Pearson, Prentice Hall, 2009.

Supplementary material on the course's website: www2.dse.unibo.it/burani/microeconomia2013.htm

Teaching methods

Lectures and tutorials

Assessment methods

The final assessment consists in awrittenexamination with multiple-choice questions, numerical exercises and theoretical questions.

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

Teaching tools

Tutorials will be provided on a weekly basis.

Office hours

See the website of Nadia Burani