The course aims to provide the first elements for understanding the functioning of the economic system. Particular attention was paid to the study of the behavior of economic entities (consumers and businesses) and the analysis of the role of the market in the allocation process of resources.
Lectures
1. Scarcity and economics; The coordination of individual choices. The evolution of economic thought. The economic models. 2. The theory of consumer behavior. Price-consumption curve and income-consumption curve; individual demand and market demand. Elasticity and expenditure; introduction to behavioral economics. 3. Basic theory of the firm. Production and costs (long-run and short-run). Perfect competition: the individual and the market supply curve. The profit-maximisation hypothesis. The firm and the industry in the long run. 4 Factor demand and supply. Intertemporal choices and uncertainty choices. 5. Market power: monopoly, natural monopoly, product differentiation and monopolistic competition; price discrimination, duopoly (Cournot, Bertrand, Stackelberg). Collusion and prisoner dilemma; sequential games. Management theories. Oligopoly. 7. General equilibrium and welfare. 8. Asymmetric information (adverse selection and moral hazard), externalities, public goods.
Frank R H., Cartwright E., Microeconomics, last edition McGraw-Hill
Ricevimento: http://www.economia.unige.it/index.php/il-dipartimento/personale/docenti-ad-economia/173-angela-testi
Ricevimento: Thursday: 2,30 pm
Ricevimento: Wednesday 10.30
ANGELA TESTI (President)
LUCA BELTRAMETTI
ANNA BOTTASSO
SERENA SCOTTO
LUCA BELTRAMETTI (President)
ANGELA TESTI
SERENA SCOTTO (President)
ANNA BOTTASSO (President)
September 2017
MICROECONOMICS A
MICROECONOMICS B
MICROECONOMICS C
MICROECONOMICS D
Assessment
Written exam
Attendance is recommended. Registration in the Unige learning platform Aulaweb is recommended
