Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2017/2018
Partition: 
Cognomi M-Z
Teaching: 
Belonging course: 
Course of Bachelor's Degree Programme on ECONOMICS AND BUSINESS
Location: 
Napoli
Disciplinary sector: 
ECONOMICS (SECS-P/01)
Credits: 
9
Year of study: 
1
Teachers: 
Cycle: 
First Semester

Language

Italian

Course description

The course aims to provide students with the set of analytical tools necessary to be able to approach the study of economic problems , and understand the functioning of market economies . The student will acquire the basic analytical tools to analyze the outcomes of the different forms of the market , and evaluate the effects of government intervention to regulate markets, as well as the results of tax policy.

Prerequisites

Formally none. The knowledge of the basic tools of general mathematics ( Cartesian coordinates , Equation of a line , elementary functions , derivatives) is helpful for an understanding of the analytical aspects of the course.

Syllabus

session 1 (24 hours):
The first part of the program focuses on consumer theory. The concept of market equilibrium, the foundations of consumer choice (the budget constraint, consumer preferences, utility function) will be examined and then the optimal choice of the consumer will be analytically and graphically characterized.
session 2 (24 hours):
The second part of the program will examinethe behviour of firm. We will introduce the basic concepts for modeling firm's objectives and then proceed to cost analysis and revenue analysis. The study of technology, in graphic and analytical terms (marginal rate of technical substitution, isoquants) and the analysis of technology in the short and long term (marginal product and economies of scale) will complete this part of the lessons.
session 3 (24 hours):
In the third part of the course the different market regimes will be examined (perfect competition, monopoly) and some in-depth topics: information asymmetries and the credit market, intertemporal consumption and savings, e-commerce and market forms; state aid.

The contents of the course can be divided into four main topics:
1) The analysis of the market demand, namely: the modeling of the choices of the consumer; the derivation of the demand curve; the effects of price changes, also due to taxation, on the optimal choice and well-being of the consumer.
2) Analysis of supply, namely the analysis of firm behavior, its objectives (profit maximization) and constraints (the firm's technology and production costs).
3) The forms of the market, distinguishing the competitive market model (the firm that does not set the price) and market structure characterized by market power (monopoly and monopolistic competition, oligopoly). There will also be practical examples of functioning of the market, in particular e-commerce.
4) Market failures: Asymmetric information, especially with regard to the financial markets.

Teaching Methods

The course is organized in traditional lectures , analysis of case studies proposed by the textbook , case studies selected by the teacher, weekly tutorials.

Textbooks

Microeconomia 4/ed or , M. L: Katz, H. Rosen, W. Morgan, C. A. Bollino, McGrawHill.
Further teaching notes will be provided during the class by the teacher.

Learning assessment

During the course we will assess the degree of learning by asking students to perform exercises and develop case studies that will be evaluated through the e-learning platform of the University.
Final assessment is based on a written test consisting of open questions about the topics covered in the program .

More information