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MICROECONOMICS

CODE 41126
ACADEMIC YEAR 2022/2023
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 8698 ECONOMIA DELLE AZIENDE MARITTIME, LOGISTICA E TRASP.(L-18) - GENOVA
  • 9 cfu during the 2nd year of 8465 METODOLOGIE FILOSOFICHE (LM-78) - GENOVA
  • 6 cfu during the 1st year of 8465 METODOLOGIE FILOSOFICHE (LM-78) - 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)
    • MACROECONOMICS 55648
    • PUBLIC FINANCE - ECONOMICS OF TAXATION 64836
    • ECONOMIC POLICY 64452
    • Business Administration 8697 (coorte 2022/2023)
    • MACROECONOMICS 55648
    • ECONOMIC POLICY 64452
    • PUBLIC FINANCE - ECONOMICS OF TAXATION 64836
    • Maritime, Logistics and Transport Economics and Business 8698 (coorte 2021/2022)
    • MACROECONOMICS 55648
    • TRANSPORT ECONOMICS 63739
    • Maritime, Logistics and Transport Economics and Business 8698 (coorte 2022/2023)
    • MACROECONOMICS 55648
    • TRANSPORT ECONOMICS 63739
    • Economics 8699 (coorte 2022/2023)
    • MACROECONOMICS 55648
    • MARKET FORMS, PRICES, AND WAGES 64797
    • ECONOMIC POLICY 60066
    • Economics 8699 (coorte 2021/2022)
    • ECONOMIC POLICY 60066
    • MACROECONOMICS 55648
    • 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

    Students are expected to be proficient with microeconomic modelling.

    TEACHING METHODS

    Frontal lectures. Any changes  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

    1. Scarcity and economics; The coordination of individual choices. The evolution of economic thought. The economic models.
    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, 2017.
    Further teaching material provided during the lectures.

    TEACHERS AND EXAM BOARD

    Exam Board

    CONCETTA MENDOLICCHIO (President)

    LUCA BELTRAMETTI

    ANNA BOTTASSO

    MAURIZIO CONTI

    LESSONS

    LESSONS START

    First Sem.
    All class schedules are posted on the EasyAcademy portal.

    Class schedule

    MICROECONOMICS D

    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 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

    Assessment

    Written exam containing open questions and numerical/analytical exercise. 
    There will be partial exams.
    Further information will be provided during the course.

    Exam schedule

    Date Time Location Type Notes

    FURTHER INFORMATION

    Attendance is recommended but not required. Registration in the Unige learning platform Aulaweb is necessary.