CODE 41126 ACADEMIC YEAR 2024/2025 CREDITS 9 cfu anno 1 SCIENZE ECONOMICHE E FINANZIARIE 11662 (L-33) - GENOVA 9 cfu anno 1 ECONOMIA AZIENDALE 8697 (L-18) - GENOVA 6 cfu anno 1 METODOLOGIE FILOSOFICHE 8465 (LM-78) - GENOVA 9 cfu anno 1 ECONOMIA DELLE AZIENDE MARITTIME, LOGISTICA E TRASP. 8698 (L-18) - 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 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 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 LUCA BELTRAMETTI Ricevimento: Wednesday 10.30 Exam Board LUCA BELTRAMETTI (President) ANNA BOTTASSO CONCETTA MENDOLICCHIO LESSONS 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. ASSESSMENT METHODS The written exam consists of the answer to open questions which often require the ability to draw graphs and/or consists of the solution of numerical exercises aimed at testing the understanding of some theoretical models presented in class. The program does not differentiate between attending and non-attending students. In case of particular needs, students with disabilities and/or learning disorders must contact - at the beginning of the semester - the Disabled Students and Students with DSA Services office and the teacher. Written exam with open theory questions and possible exercises. Intermediate tests are scheduled. Exam schedule Data appello Orario Luogo Degree type Note 17/12/2024 10:00 GENOVA Scritto 14/01/2025 10:00 GENOVA Scritto 28/01/2025 10:00 GENOVA Scritto 28/05/2025 10:00 GENOVA Scritto 17/06/2025 10:00 GENOVA Scritto 10/07/2025 10:00 GENOVA Scritto 11/09/2025 10:00 GENOVA Scritto FURTHER INFORMATION Attendance is recommended but not compulsory. Registration in the Unige learning platform Aulaweb is recommended. Agenda 2030 - Sustainable Development Goals Decent work and economic growth Industry, innovation and infrastructure Reduce inequality Climate action