CODE 56962 ACADEMIC YEAR 2022/2023 CREDITS 10 cfu anno 1 SCIENZE INTERNAZIONALI E DIPLOMATICHE 8768 (L-36) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/01 LANGUAGE Italian TEACHING LOCATION GENOVA SEMESTER 2° Semester PREREQUISITES Propedeuticità in uscita Questo insegnamento è propedeutico per gli insegnamenti: International and Diplomatic Sciences 8768 (coorte 2022/2023) MACROECONOMICS 57133 TEACHING MATERIALS AULAWEB OVERVIEW The course aims to provide the first elements for understanding the functioning of the economic system, with particular attention to the study of consumer and business behavior and to the analysis of the role of the market in the allocation of resource. AIMS AND CONTENT LEARNING OUTCOMES At the end of the course students will be able to analyze consumers and firms’ behavior. They will be able to analyze firms’ behavior in different types of market (perfect competition, monopoly, monopolistic competition, oligopoly) and they will be able to understand the reasons for public intervention in the economy due to cases of market failure. AIMS AND LEARNING OUTCOMES At the end of the course the student will be able to: - understand the effects of changes in supply or demand on the equilibrium price of a good and on the well-being of producers and consumers. - summarize the elements that form the basis of the consumer's choices. In particular, understand the effects of changes in income or the prices of goods on consumer choices. - explain the behavior of producers. Based on the company's cost trends, the student will be able to analyze the company's decisions about how much to produce and when, if necessary, to exit from the market. - understand the different kinds of market, in particular perfect competition, monopoly and oligopoly. PREREQUISITES None TEACHING METHODS The course consists of lectures, for a total of 60 hours (10 CFU) aimed at explaining the main notions of Microeconomics. Graphs will be used, all of which will be explained and constructed in class. This explains the importance of attending classes. The slides of the course, together with exercises to prepare the exams, will be uploaded on Aulaweb. SYLLABUS/CONTENT The market economy The analysis of demand and supply The surplus of consumer and producer The theory of the consumer: The choice of the consumer Market demand and its elasticity Price changes and consumer well-being. Theory of the firm: Tecnology and production Costs Revenues and the maximization of profits Market structure: Perfect competition Monopoly Monopolistic competition Oligopoly Factor market and income distribution The case of perfect competition Market failures Asymmetric information Esternality Public goods RECOMMENDED READING/BIBLIOGRAPHY For attending students: Material uploaded on Aulaweb, supplemented by what was presented by the teacher in class and appropriately summarized in the notes taken in class. In the absence of good classnotes, students are required to use the following textbook: R. Frank, E. Cartwright, Microeconomia, McGraw Hill. For non attending students: Material uploaded on Aulaweb and the textbook: R. Frank, E. Cartwright, Microeconomia, McGraw Hill. TEACHERS AND EXAM BOARD ALESSIO REGHEZZA ELENA SEGHEZZA Ricevimento: Wednesday, 12.00 to 14.00 in the teacher's office located on the 5th floor of the West Tower in the Albergo dei Poveri, Piazzale Brignole 3 canc.. However, because of the pandemia, until further notice, office hours are held on the same day and at the same time via TEAMS, on the channel "Ricevimento SEGHEZZA", code o7oxqsu. In order to avoid overlaps and waits, please notify your request for an appointment in advance by email to seghezza@unige.it Exam Board ELENA SEGHEZZA (President) ALESSIO REGHEZZA GIOVANNI BATTISTA PITTALUGA (Substitute) LESSONS LESSONS START First week of the second semester. Class schedule MICROECONOMICS EXAMS EXAM DESCRIPTION The exam consists of a written test (multiple choice test, exercises and graphics) lasting an average of 35 minutes and an oral test lasting an average of 25 minutes. The oral exam is optional, however, it is not possible to obtain a grade higher than 26 without taking the oral exam. The final grade is the average of the written exam and the oral part. During the course it will be possible to take two intermediate tests. At the end of the course it is also possible to retrieve one of the two tests for those who failed it or were absent. The two intermediate tests replaces the written part of the exam. ASSESSMENT METHODS The written part aims to ascertain the student's preparation on the whole program. It consists of 24 multiple choice tests, which may also include exercises or graphs. The oral exam aims to ascertain the mastery and deepening of knowledge, the ability to establish links among different part of the program, the acquisition of technical economic language. During the oral exam the student must be able to reproduce and explain the graphs made in class. The following criteria are used to evaluate the oral examination: - the quality of the exposition -the correct use of the appropriate vocabulary - the ability to make and explain graphs Exam schedule Data appello Orario Luogo Degree type Note 17/01/2023 12:30 GENOVA Scritto 01/02/2023 12:30 GENOVA Scritto 22/05/2023 09:00 GENOVA Scritto 13/06/2023 11:00 GENOVA Scritto 11/07/2023 11:00 GENOVA Scritto 13/09/2023 11:00 GENOVA Orale FURTHER INFORMATION Students are required to register on the course's Aulaweb and consult it regularly. Attending classes is highly recommended. The subject can be difficult for those who do not have basic mathematics, but those who attend generally have no problems since all the steps are explained in class. Exams on TEAMS: Esami Dispo, find 56962 Economia Politica Classes on TEAMS: Economia Politica code: 09gr8yi We encourage students with dyslexia and other learning disabilities to be in touch with Professor Aristide Canepa (aristide.canepa@unige.it). Please communicate, at the start of the module, any learning disability to the module organizer so to arrange alternative learning and exam modalities in line with the aims of the course.
