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CODE 41126
ACADEMIC YEAR 2024/2025
CREDITS
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
  • PREREQUISITES
    Propedeuticità in uscita
    Questo insegnamento è propedeutico per gli insegnamenti:
    • Business Administration 8697 (coorte 2024/2025)
    • PUBLIC FINANCE - ECONOMICS OF TAXATION 64836
    • Business Administration 8697 (coorte 2024/2025)
    • MACROECONOMICS 55648 B
      MACROECONOMICS 55648 A
      MACROECONOMICS 55648 C
    • Business Administration 8697 (coorte 2024/2025)
    • ECONOMIC POLICY 64452
    • Maritime, Logistics and Transport Economics and Business 8698 (coorte 2024/2025)
    • MACROECONOMICS 55648 B
      MACROECONOMICS 55648 A
      MACROECONOMICS 55648 C
    • Maritime, Logistics and Transport Economics and Business 8698 (coorte 2024/2025)
    • TRANSPORT ECONOMICS 63739
    • Economics 8699 (coorte 2024/2025)
    • MARKET FORMS, PRICES, AND WAGES 64797
    • Economics 8699 (coorte 2024/2025)
    • ECONOMIC POLICY 60066
    • Economics 8699 (coorte 2024/2025)
    • MACROECONOMICS 55648
    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.

    AIMS AND LEARNING OUTCOMES

    The course aims to provide the background for the understanding of how the economic system works. In particular, the emphasis will be on the behaviour of economic agents (consumers and firms) and the role of the market in the allocation of resources, as well as on the analysis of different market forms

    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, VII edizione

    TEACHERS AND EXAM BOARD

    LESSONS

    LESSONS START

    September 2023

    Class schedule

    MICROECONOMICS A

    EXAMS

    EXAM DESCRIPTION

    Assessment

    Written exam

    ASSESSMENT METHODS

     The exam will assess students' ability to apply their knowledge to real cases and exercises

    FURTHER INFORMATION

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

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