CODE 41126 ACADEMIC YEAR 2022/2023 CREDITS 9 cfu anno 1 ECONOMIA AZIENDALE 8697 (L-18) - GENOVA 9 cfu anno 1 ECONOMIA E COMMERCIO 8699 (L-33) - GENOVA 9 cfu anno 1 ECONOMIA DELLE AZIENDE MARITTIME, LOGISTICA E TRASP. 8698 (L-18) - GENOVA 9 cfu anno 2 METODOLOGIE FILOSOFICHE 8465 (LM-78) - GENOVA 6 cfu anno 1 METODOLOGIE FILOSOFICHE 8465 (LM-78) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/01 LANGUAGE Italian TEACHING LOCATION GENOVA SEMESTER 1° Semester SECTIONING Questo insegnamento è diviso nelle seguenti frazioni: A B C D PREREQUISITES Propedeuticità in uscita Questo insegnamento è propedeutico per gli insegnamenti: Business Administration 8697 (coorte 2021/2022) MACROECONOMICS 55648 D MACROECONOMICS 55648 C MACROECONOMICS 55648 B MACROECONOMICS 55648 A Business Administration 8697 (coorte 2021/2022) PUBLIC FINANCE - ECONOMICS OF TAXATION 64836 Business Administration 8697 (coorte 2021/2022) ECONOMIC POLICY 64452 Business Administration 8697 (coorte 2022/2023) MACROECONOMICS 55648 D MACROECONOMICS 55648 C MACROECONOMICS 55648 B MACROECONOMICS 55648 A Business Administration 8697 (coorte 2022/2023) ECONOMIC POLICY 64452 Business Administration 8697 (coorte 2022/2023) PUBLIC FINANCE - ECONOMICS OF TAXATION 64836 Maritime, Logistics and Transport Economics and Business 8698 (coorte 2022/2023) TRANSPORT ECONOMICS 63739 Maritime, Logistics and Transport Economics and Business 8698 (coorte 2022/2023) MACROECONOMICS 55648 D MACROECONOMICS 55648 C MACROECONOMICS 55648 B MACROECONOMICS 55648 A Maritime, Logistics and Transport Economics and Business 8698 (coorte 2021/2022) TRANSPORT ECONOMICS 63739 Maritime, Logistics and Transport Economics and Business 8698 (coorte 2021/2022) MACROECONOMICS 55648 D MACROECONOMICS 55648 C MACROECONOMICS 55648 B MACROECONOMICS 55648 A Economics 8699 (coorte 2021/2022) ECONOMIC POLICY 60066 Economics 8699 (coorte 2021/2022) MACROECONOMICS 55648 D MACROECONOMICS 55648 C MACROECONOMICS 55648 B MACROECONOMICS 55648 A Economics 8699 (coorte 2021/2022) MARKET FORMS, PRICES, AND WAGES 64797 Economics 8699 (coorte 2022/2023) ECONOMIC POLICY 60066 Economics 8699 (coorte 2022/2023) MACROECONOMICS 55648 D MACROECONOMICS 55648 C MACROECONOMICS 55648 B MACROECONOMICS 55648 A Economics 8699 (coorte 2022/2023) 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 behaviour of consumers and firms and the analysis of the role of the market in the resource 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. AIMS AND 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 behaviour of economic actors (consumers and firms) and the analysis of the role of the market in the resource allocation process. PREREQUISITES A sound understanding of the concept of a mathematical function, as well as the ability to solve simple linear equations and to reason abstractly is necessary for successful learning of the material covered in the course. TEACHING METHODS Frontal lectures. Should the Covid emergency persist, the lectures will be in blended modality, i.e. a mix of frontal and on line lectures. Any changes due to the COVID emergency will be announced on Aulaweb. In case of special requirements, students with disabilities and/or learning disabilities are requested to contact - at the beginning of the semester - the "Student Disability Services" and the teacher. SYLLABUS/CONTENT Scarcity and economics; The coordination of individual choices. The evolution of economic thought. Market demand and supply, applications. 2. The theory of consumer behaviour. Price-consumption curve and income-consumption curve; individual demand and market demand. Elasticity and expenditure; introduction to behavioural 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, 2020. Further teaching material provided during the lectures. TEACHERS AND EXAM BOARD ANNA BOTTASSO Ricevimento: Wednesday 10.30 Exam Board ANNA BOTTASSO (President) LUCA BELTRAMETTI CONCETTA MENDOLICCHIO SERENA SCOTTO ANGELA TESTI LESSONS LESSONS START LESSONS START First Sem. CLASS SCHEDULE All class schedules are posted on the EasyAcademy portal. Class schedule The timetable for this course is available here: Portale EasyAcademy EXAMS EXAM DESCRIPTION Written exam. The examination consists in numerical exercises designed to test understanding of the theoretical models discussed and open questions that often require the ability to draw graphs. The program is the same for attending and non-attending students. Any changes due to the COVID emergency will be announced on Aulaweb. In case of special requirements, students with disabilities and/or learning disabilities are requested to contact - at the beginning of the semester - the Student Disability Services and the teacher. ASSESSMENT METHODS Written exam containing open questions and numerical/analytical exercise. There will be partial exams. Exam schedule Data appello Orario Luogo Degree type Note 09/01/2023 11:00 GENOVA Scritto 23/01/2023 11:00 GENOVA Scritto 06/02/2023 11:00 GENOVA Scritto 10/05/2023 11:00 GENOVA Scritto 05/06/2023 11:00 GENOVA Scritto 19/06/2023 11:00 GENOVA Scritto 10/07/2023 11:00 GENOVA Scritto 11/09/2023 11:00 GENOVA Scritto FURTHER INFORMATION Attendance is recommended but not compulsory. Registration in the Unige learning platform Aulaweb is recommended.