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Oggetto:
Oggetto:

Microeconomics - Stream B

Oggetto:

Microeconomics - Stream B

Oggetto:

Academic year 2022/2023

Course ID
MAN0259
Teachers
Nadia Campaniello (Lecturer)
Alessandro Stanchi (Tutor)
Giacomo Rosso (Tutor)
Donald Richard Williams (Lecturer)
Margherita Agnoletto (Tutor)
Samuele Ialenti (Tutor)
Sara Ciarlantini (Tutor)
Year
1st year
Teaching period
Second term
Type
Basic
Credits/Recognition
9
Course disciplinary sector (SSD)
SECS-P/01 - economics
Delivery
Formal authority
Language
English
Attendance
Obligatory
Type of examination
Written
Prerequisites
Basic Math knowledge
Oggetto:

Sommario del corso

Oggetto:

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.

 

L’obiettivo del corso è introdurre la logica del comportamento razionale di consumatori e imprese, utile a riconoscere e comprendere le relazioni tra gli agenti economici.

Le decisioni dei consumatori e le scelte delle aziende sono presentate e discusse al fine di comprendere un sistema basato sul libero mercato, con particolare attenzione alla formazione dei prezzi e all’efficienza. Semplici modelli di oligopolio e competizione monopolistica sono presentati con l’obiettivo di introdurre strumenti più realistici utili alla conoscenza del mondo reale delle imprese.

Oggetto:

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.

 

Conoscenza base di concetti e metodi per prendere decisioni efficienti, analisi grafica di semplici fenomeni economici.

- Uso di modelli microeconomici elementari ma astratti, per valutare cosa può accadere nel mondo reale caratterizzato da mercati imperfetti.

- Tradurre la logica del comportamento di massimizzazione nel linguaggio di tutti i giorni. Uso di formule e analisi grafica per spiegare le possibili conseguenze dei fenomeni economici.

Oggetto:

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

 

  • Concetti base preliminari
  • Domanda e offerta
  • Comportamento del consumatore
  • Domanda individuale e di mercato
  • Produzione
  • Costi
  • Massimizzazione del profitto
  • Mercati competitivi
  • Monopolio e monopsonio
  • Prezzi in presenza di potere di mercato
  • Oligopolio

Oggetto:

Course delivery

Lectures and exercise classes included

 

Lezioni ed esercitazioni

Oggetto:

Learning assessment methods

Written exam. 10 multiple choice (15 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.

INSTRUCTIONS FOR THE ONLINE EXAM (DURING THE COVID 19 PANDEMIC)

To be able to do the online exam in Moodle you must have access to a fully charged mobile phone with camera and a laptop (or a desktop computer). You also need an internet connection, sheets of paper, and a pen. 

You also need to have your student ID (“numero di matricola”).

 Since exam answers are submitted online, there will be checks for cheating. Therefore, make sure that you do your own work, as you would normally do.

 You can quit the exam (in this case you simply do not submit your answers to the exercises) and the exam will not be counted as taken. 

 In Moodle you will find a section called “MICROECONOMICS-ONLINE EXAM” with the links you need to use to start the online exam.

 Questions will be randomly assigned.

The total score that you can achieve is 100.

The online written exam will be structured as follows: 

    - 10 multiple choices (max. 10  points). 

 Each answer counts 1  if correct, -0.25 if incorrect, and 0 if no answer is given.

Time allowed: 15 minutes

      - 3 exercises (max 23 points). The number of points assigned to each exercise is clearly displayed in Moodle. 

Time allowed: 70 minutes (including the time you need to upload the files).

 If you are a student who is entitled to extra time you will have 20 minutes for the multiple choices and 91 minutes for the exercises.

 Students who pass the written exam are admitted to the oral exam. A group of randomly selected students will be examined orally.

 FIRST PART: MULTIPLE CHOICES

 The day and hour of the exam (Italy time), the multiple choices will be available in Moodle. 

 You have 15 minutes to answer the 10 multiple choices. There is one multiple choice in each page. The questions are sequential (you must progress through the quiz in order and may not return to previous pages nor skip ahead).  In other words, once you press the button "next" to go to the next question you are not allowed to go back to the previous questions and change your answers.

 After you finish you have to press the button “SUBMIT ALL AND FINISH”. Please remember that you just have one attempt (you cannot submit and then try again even if you still have time)!

 There is a grace period of 5 minutes when open attempts can be submitted, but you cannot answer  any question.

SECOND PART: EXERCISES

The day and hour of the exam (Italy time), the 3 exercises will be available in Moodle. 

You have 70 minutes to finish and submit the answers. The exercises are sequential (you must progress through the quiz in order and may not return to previous pages nor skip ahead). In other words, once you press the button "next" to go to the next exercise you are not allowed to go back to the previous exercises and change your answers.

If necessary rounding must be done at the second decimal place.

 You have to write your answers on sheets of paper by handwriting (neatly). Take pictures of your answers using for example a mobile phone, upload them to the device you use to access Moodle in order to be able to upload  them into Moodle. It would be great if you could upload a single file for each exercise. On that regard you may want to consider downloading the App: https://www.camscanner.com (it is free at the moment)​. That App makes your mobile phone able to scan document and so it creates a single file of your handwritten answers that can be uploaded to Moodle. ​ If you cannot produce a single file for each exercise you have to number the pages.

The HTML editor has been disabled. 

 On EACH sheet of paper that you use to write your answer make sure to write your full name and student ID. 

 Furthermore you have to name the file you upload to Moodle using your full name and student ID.

 If you do not press the button "SUBMIT AND FINISH" it will be considered as a withdrawal from the exam.

There is a grace period of 5 minutes when open attempts can be submitted, but you cannot answer  any question.

EMAILS WILL NOT BE CONSIDERED FOR EVALUATION.   

Esame scritto. 10 domande a risposta multipla (15 minuti) e 3 esercizi (70 minuti)

Questa modalità permette di valutare il raggiungimento degli obiettivi desiderati. Più precisamente, la modalità d’esame prevede una parte iniziale costituita da domande a risposta multipla, che hanno l’obiettivo di testare la conoscenza di concetti di teoria e definizioni, e tre domande aperte (esercizi) che permettono agli studenti di applicare gli strumenti appropriati (analisi matematica e grafica combinata all’intuizione economica) a problemi più specifici.

L’esame presenta le seguenti regole che verranno rigorosamente applicate per assicurare un processo di valutazione corretto

- L’esame dura 90 minuti;

- E’ richiesta la registrazione tramite il sistema ESSE3;

- Ogni studente può sostenere l’esame per un massimo di tre volte in un anno accademico (da maggio a febbraio);

- Non è possibile utilizzare libri, dispense, appunti, ecc. durante l’esame. E’ ammessa solo una calcolatrice non programmabile;

- Durante l’esame non è permesso uscire dall’aula, parlare con altri studenti o i docenti. Gli studenti devono utilizzare al meglio tutte le informazioni disponibili per rispondere alle domande d’esame.

Oggetto:

Support activities

Exercises in class

 

Esercizi in aula

Suggested readings and bibliography

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