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CODE 56962
ACADEMIC YEAR 2022/2023
CREDITS
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)
  • MICROECONOMICS 56962 2022
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

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 Ora 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.