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Microeconomics - Stream B

Oggetto:

Microeconomics - Stream B

Oggetto:

Academic year 2020/2021

Course ID
MAN0259
Teacher
Nadia Campaniello (Lecturer)
Year
1st year
Type
Basic
Credits/Recognition
9
Course disciplinary sector (SSD)
SECS-P/01 - economia politica
Delivery
Formal authority
Language
English
Attendance
Obligatory
Type of examination
Written
Type of learning unit
corso
Prerequisites
Basic Math knowledge
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Sommario del corso

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Course objectives

The course is an introduction to economic analysis through elementary microeconomics.
Consumer decisions and firm choices are presented and discussed aiming at the understanding of a free market based system, particularly price formation and efficiency. The easiest models of oligopoly and monopolistic competition are presented as an introduction to more realistic tools for the knowledge of the real world of enterprises.

The course aims at introducing the logic of rational behaviour of consumers and firms, which is useful to recognize and understand relationships among economic agents.

 

 

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Results of learning outcomes

Elementary knowledge of concepts and methods of efficient decision making, graphic analysis of simple economic phenomena.

- Use of elementary but abstract microeconomic models, to judge what can happen in the real world of imperfect markets.
- Translate the logic of maximizing behaviour into the day-to-day language. Use of formulas and graphic analysis to explain possible consequences of economic phenomena.

 

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Program

- Preliminaris, basic concept

- Demand and supply

- Consumer behaviour

- Individual and market demand

- Production

- Costs

- Profit maximisation

- Competitive markets

- Monopoly and monopsony

- Pricing with market power

- Oligopoly

 

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Course delivery

Lectures and exercise classes included

 

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Learning assessment methods

Written exam. Multiple choice 20 minutes, 3 exercises 70 minutes

The format allows to assess the achievement of the desired goals. More precisely the format foresees an initial part consisting of multiple choices questions, which are intended to test the knowledge of the theoretical concepts and definitions, and then it features three open questions (exercises), which allow students to apply the appropriate tools (analytical and graphical analysis combined with economic intuition) to more specific problems.

The exam follows the following rules which will be strictly enforced with the goal of ensuring a fair evaluation process

- The exam lasts 90 minutes

- Registration via the ESSE3 system is required;

- Each student can take the exam three times in an academic year (from May to February);

- It is not possible to use books, handouts, notes, etc. during  the exam. Only a simple calculator is admitted;

- If the final mark is lower than 11/30, the student cannot resit at the  following exam;

 - During the exam it is not allowed going out of the room, talking to other students or to the teachers. Student should use at their best all the available information to answer the exam questions.

 

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Support activities

Exercises in class

 

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Suggested readings and bibliography

Microeconomics / Robert S. Pindyck, Daniel L. Rubinfeld.

 

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Notes


“Le modalità di svolgimento dell'attività didattica potranno subire variazioni in base alle limitazioni imposte dalla crisi sanitaria in corso. In ogni caso è assicurata la modalità a distanza per tutto l'anno accademico”

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  • Open
    Enrollment opening date
    01/03/2020 at 00:00
    Enrollment closing date
    31/12/2022 at 23:55
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