Knowledge of theoretical foundations explaining the existence of firms. Knowledge and understanding of the economic model of the firm and of the market context where it operates
Lectures and practice
Why do firms exist? Theory of production: technology; total, average and marginal costs Demand; demand elasticity; total, average and marginal revenues Market types and allocative efficiency: perfect competition vs market power (oligopoly, monopoly) Informational asymmetries and market failures Economics of transaction costs and the theory of the firm Introduction to corporate finance: evaluation of investments Business game
Main book: D.M. Kreps, Microeconomia per Manager, Egea (2005) Optional Reading List: D. Laise, La Natura dell’Impresa Capitalistica, Egea (2015) W. Elsner, T. Heinrich, H. Schwardt, The Microeconomics of Complex Economies, Academic Press (2015)
MARCO RABERTO (President)
SILVIA MASSA
LINDA MADDALENA PONTA
STEFANIA TESTA
BUSINESS CULTURE
Oral examination + evaluation of business game practice
Pre-requisites :
None
