objective of the course is to furnish the basic elements of microeconomic theory
Knowledge and understanding: the student shoud be, first, able to analyse the behaviour of economic operators; then, he should understand the relationships among the operators in the different market types.
Applying knowledge and understanding: the student should apply the acquired theoretical knowledge to real world.
Making judgements: the student should apply a critical approach in the study and should be able to increase autonomously his knowledge.
Comunication: the student must answer with correct use of economic language, in a concise and exhaustive way to the open-ended questions combining the answers (in the requested cases) with an accurate graphical analysis. Furthermore, he should be able to solve the exercises proposed in the final exam
Lifelong learning skills: the students must have acquired the basic instruments of microeconomics and prove to have a good learning level to face the subsequent exams of the course.
Knowledge of basic methodological tools of mathematics.
I MODULE-26 hours
Consumer’s theory: preferences, utility maximization, optimal choice, individual demand curve; market demand.
II MODULE-28 hours
Firm theory: profit maximization, supply curve, competitive market, monopoly, oligopoly.
III MODULE-18 hours
Factors markets, Externalities, definition of public goods, tutorials, mock exam.
lectures and tutorials.
R. H. Frank, Cartwright E., Microeconomics, McGraw-Hill
Additional reading will be provided during the course
Written and oral final exam. The exam consists in open-ended questions and exercises on the course themes. The oral examination begins with the discussion of the written exam in order to better evaluate the student’s knowledge.