This unit should enable students to understand how firms and consumers take their decisions and how markets are organized. Recent developments in economic theory, useful to prepare students for applied economic courses, will also be presented. The teaching methods adopted consist of lectures and exercise classes. By the end of this course, students will know how to apply the toolbox of microeconomics to analyze markets and consumers’ and firms’ behavior.
Textbook: "Microeconomia" by Hal R. Varian, Cafoscarina, 2011.
Additional material is available on the e-learning website.
A. Consumer Theory:
• Budget constraint (Varian, Chapter 2).
• Preferences and indifference curves (Varian, Chapter 3).
• Utility (Varian, Chapter 4).
• Choice (Varian, Chapter 5).
• Demand (Varian, Chapter 6).
• Slutsky equation (Varian, Chapter 8).
• Exchange (Varian, Chapter 9).
• Intertemporal choice (Varian, Chapter 10).
• Choice under uncertainty (Varian, Chapter 12).
• Consumer's Surplus (Varian, Chapter 14).
• Market demand and elasticity (Varian, Chapter 15).
• Equilibrium (Varian, Chapter 16).
B. Production Theory:
• Technology (Varian, Chapter 18).
• Profit maximization (Varian, Chapter 19).
• Cost minimization (Varian, Chapter 20).
• Cost Curves (Varian, Chapter 21).
• Perfect competition in the short and the long term (Varian, Chapters 22 and 23).
• Monopoly (Varian, Chapter 24).
• Monopolistic behaviour (Varian, Chapter 25).
• Oligopoly (Varian, Chapter 27).
C. Game theory
• Game theory (Varian, Cap. 28)
• Game theory applications (Varian, Cap. 29)
Lectures will be online on Mondays and Tuesdays and blended on Thursdays. Students willing to participate to lectures on Thursdays are kindly asked to book a place via the dedicated App. Further info can be found on the e-learning webpage of the course.
|Cipriani G.P., Fioroni T.||Esercizi di Microeconomia (Edizione 4)||Giappichelli||2020||9788892109308|
|Varian H.||Microeconomia (Edizione 8)||Cafoscarina||2011||9788875433079|
The exam will be online. It is composed by a written and an oral part. The final grade will be the average between the grades of the written and oral parts.
- Multiple choice test composed of 15 questions. The test will be implemented via Moodle quiz and will be performed in streaming via Zoom.
- +2 points per correct answer, 0 points for each unanswered question or wrong answer.
- The written part lasts 60 minutes.
- Students must pass the written part with a grade of at least 18 to access to the oral part. The oral exam will also be via Zoom.
- The oral part will last approx. 15 minutes.