CODE  90892 

ACADEMIC YEAR  2020/2021 
CREDITS  9 credits during the 1st year of 8700 Economics and Financial Institutions (LM56) GENOVA 
SCIENTIFIC DISCIPLINARY SECTOR  SECSP/02 
LANGUAGE  English 
TEACHING LOCATION  GENOVA (Economics and Financial Institutions) 
SEMESTER  1° Semester 
TEACHING MATERIALS  AULAWEB 
The aim of the course is to provide the theoretical instruments that allow students to understand the rationale of microeconomic choices made apart and in strategic interaction frameworks by economic agents. Students will learn how to solve optimization problems (free and constrained) which will be applied to consumer and firm theory. Economic choices when strategic interaction is present will be analyzed with the game theory approach.
The objective of the course is to provide the theoretical instruments which allow students to understand the rationale of microeconomic choices made apart and in strategic interaction frameworks by economic agents. Students will learn how to solve optimization problems (free and constrained) which will be applied to consumer and firm theory. Economic choices when strategic interaction is present will be analyzed with the game theory approach.
Learning skills. Students should develop learning abilities in order to master economic theory both for academic and job markets.
Lectures
Introduction. Mathematical tools: static optimization (free and bounded) techniques.
Part I. Firm theory.
Technology and the production function, cost minimization, optimal production, firm response functions, comparative statics, long run choices, multiproduct firms.
Part II. Market Structure.
Perfect competition in the short and long run, monopoly theory, price discrimination, monopolistic competition.
Part III. Strategic Interaction.
Game theory, Nash equilibrium, subgame perfect Nash equilibrium, sequential games, repeated games, Folk theorem, Oligopoly theory: Cournot, Bertrand, Stackelberg, collusion and entry deterrence.
Part IV: Consumption theory.
Utility theory, primal and dual approach, response functions, comparative statics, consumer welfare, compensative and equivalent variation, consumer surplus.
F. Cowell “Microeconomics”, Oxford University Press. (Program details will be posted on Aulaweb
Office hours: Wednesday 10.30
ANNA BOTTASSO (President)
GABRIELE CARDULLO
Lectures
Term: 1°
Assesment method 
Exam ☒ written ☐ oral 
Resit 
No limits. 
Written
Date  Time  Location  Type  Notes 

11/01/2021  09:00  GENOVA  Scritto + Orale  
11/02/2021  09:00  GENOVA  Scritto + Orale  
31/05/2021  15:00  GENOVA  Scritto  
14/06/2021  15:00  GENOVA  Scritto  
05/07/2021  15:00  GENOVA  Scritto  
08/09/2021  10:30  GENOVA  Scritto 
Prerequisites 
Basic Microeconomics.

Learning Outcomes 

Duties 
Attendance is not compulsory but encouraged 