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MICROECONOMICS

CODE 41126
ACADEMIC YEAR 2021/2022
CREDITS
  • 9 cfu during the 1st year of 8697 ECONOMIA AZIENDALE(L-18) - GENOVA
  • 9 cfu during the 1st year of 8699 ECONOMIA E COMMERCIO(L-33) - GENOVA
  • 9 cfu during the 1st year of 8465 METODOLOGIE FILOSOFICHE (LM-78) - GENOVA
  • 6 cfu during the 2nd year of 8465 METODOLOGIE FILOSOFICHE (LM-78) - GENOVA
  • 9 cfu during the 2nd year of 8465 METODOLOGIE FILOSOFICHE (LM-78) - GENOVA
  • 9 cfu during the 1st year of 8698 ECONOMIA DELLE AZIENDE MARITTIME, LOGISTICA E TRASP.(L-18) - GENOVA
    		•
    SCIENTIFIC DISCIPLINARY SECTOR SECS-P/01
    LANGUAGE Italian
    TEACHING LOCATION
  • GENOVA
    		•
    SEMESTER 1° Semester
    SECTIONING This unit is divided into 4 sections:
    PREREQUISITES
    Prerequisites (for future units)
    This unit is a prerequisite for:
    • Business Administration 8697 (coorte 2021/2022)
    • PUBLIC FINANCE - ECONOMICS OF TAXATION 64836
    • ECONOMIC POLICY 64452
    • MACROECONOMICS 55648
    • Business Administration 8697 (coorte 2020/2021)
    • ECONOMIC POLICY 64452
    • MACROECONOMICS 55648
    • PUBLIC FINANCE - ECONOMICS OF TAXATION 64836
    • Maritime, Logistics and Transport Economics and Business 8698 (coorte 2021/2022)
    • TRANSPORT ECONOMICS 63739
    • MACROECONOMICS 55648
    • Maritime, Logistics and Transport Economics and Business 8698 (coorte 2020/2021)
    • TRANSPORT ECONOMICS 63739
    • MACROECONOMICS 55648
    • Economics 8699 (coorte 2020/2021)
    • ECONOMIC POLICY 60066
    • MACROECONOMICS 55648
    • LABOUR ECONOMICS 64797
    • Economics 8699 (coorte 2021/2022)
    • MACROECONOMICS 55648
    • ECONOMIC POLICY 60066
    • MARKET FORMS, PRICES, AND WAGES 64797
    TEACHING MATERIALS AULAWEB

    OVERVIEW

    Microeconomics provides basics for understanding the functioning of the economic system. Particular attention is paid to the study of the behavior of consumers and firms and the analysis of the role of the market in the resources allocation process.

    AIMS AND CONTENT

    LEARNING OUTCOMES

    The course aims to provide the first elements for understanding the functioning of the economic system. Particular attention is paid to the study of the behavior of economic actors (consumers and firms) and the analysis of the role of the market in the resources allocation process.

    PREREQUISITES

    The course in given in Italian. The textbook is available in English and other major languages. The exame can be in English upon request.

    TEACHING METHODS

    Lectures

    SYLLABUS/CONTENT

    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.

     

    RECOMMENDED READING/BIBLIOGRAPHY

    Frank R H., Cartwright E., Microeconomia, McGraw-Hill. English version available

    TEACHERS AND EXAM BOARD

    Exam Board

    LUCA BELTRAMETTI (President)

    ANNA BOTTASSO

    SERENA SCOTTO

    ANGELA TESTI

    LESSONS

    LESSONS START

    September 2021

    Class schedule

    MICROECONOMICS B

    EXAMS

    EXAM DESCRIPTION

    Written. (1 hour duration) in case on Covid limitation exam will be oral on Teams platform. The exam can be given in English upon request

    ASSESSMENT METHODS

    Assessment

    Written exam

    Exam schedule

    Date Time Location Type Notes
    19/01/2022 10:00 GENOVA Scritto
    09/02/2022 10:00 GENOVA Scritto
    15/06/2022 10:00 GENOVA Scritto
    30/06/2022 10:00 GENOVA Scritto
    13/07/2022 10:00 GENOVA Scritto
    07/09/2022 10:00 GENOVA Scritto

    FURTHER INFORMATION

    Attendance is recommended. Registration in the Unige learning platform Aulaweb is  recommended