Skip to main content
CODE 97162
ACADEMIC YEAR 2024/2025
CREDITS
SCIENTIFIC DISCIPLINARY SECTOR ING-IND/35
LANGUAGE Italian
TEACHING LOCATION
  • GENOVA
SEMESTER 2° Semester
TEACHING MATERIALS AULAWEB

OVERVIEW

 

The course presents the main operating models of a company in a competitive market in terms of technological constraints, balance sheet, and objective function with real cases as an example.

AIMS AND CONTENT

LEARNING OUTCOMES

The course aims to provide: a basic and wide-ranging analysis of the company, its structure, its functioning and the conditions that regulate its survival and growth; a stylized representation of the company, which highlights its complexity while aiming at simplification. A compromise will be sought between the vastness of the subject and the limitation of a basic course.

AIMS AND LEARNING OUTCOMES

Understand and analyze, even graphically, the relationship between technology, the price of production factors and production costs for a company.

Understand and analyze, also graphically, the relationship between market forms, production level and prices set by a company.

Apply the theoretical concepts learned to the particular cases of the digital transition and environmental externalities.

Connect the theoretical concepts learned to the example cases referring to the Ligurian context.

PREREQUISITES

No prerequisites

TEACHING METHODS

Frontal lessons

SYLLABUS/CONTENT

 

The program of the course is divided into 12 weeks, two lessons per week, with alternation of theoretical contents and examples referring to the Ligurian context.

Week

Analysis and examples referring to the Ligurian context

Theoretical contents

1

Database of the Chamber system

- Tools of economic information and legality               

- Evolution of the Ligurian economic system               

The nature and purpose of the firm:

- the neoclassical theory of the firm

- the theory of transaction costs

- the theory of contracts

2

The material infrastructures:

- Highways        

- Railways        

- Airport        

- Port

-White book

Immaterial infrastructures

Complexity and interdependence in today's global economy:

- from organized Fordist capitalism to the deregulated market economy

- the chains of added value

- digital technology and network externalities

 

3

Planning of Funds POR FESR Liguria 

- PNRR: Coehsion Fund and Complementary Fund

- Progress and reschedulling               

- State of preparation of the program 2021-2027          

The neoclassical firm:

- technology and production functions

- costs

4

Planning of POR FSE Funds Liguria 

- Progress and reschedulling               

- State of preparation of the program 2021-2027               

The firm in a competitive market:

- revenue function

- supply function

- profit maximation

5

              

Competitive markets:

- general equilibrium

- efficiency and equity

6

Alternative forms of access to  credit:

- Financial engineering      

- Collective Credit Guarantee Bodies

- Problems related to the risk of bank default 

- Negotiated settlement

- ESG and sustainability    

Information asymmetries.

 - hidden features and adverse selection.

- hidden actions and moral hazard.

- the credit market

 

7

Entrepreneurial associations:

- The experience of “Centri integrati di via” and of business networks      

Market power and monopoly

- pricing in a monopoly

- less of efficiency

8

The “Punti di impresa digitale” of the Chamber system

Increasing returns, network effects and lock- in in the digital economy. 

Arthur model

9

The observatory of tourism of Region Liguria

GENOA GOURMET: A brand to promote the excellence of the territory

Case study I: digital investments, total productivity and substitutability of production factors.

International empirical evidence

10

The protection of historic centers and the enhancement of the artistic heritage and historical shops

Market power and oligopoly.

- Game theory and Nash equilibrium

- Cournot , Stackelberg and Bertrand models.

11

 

Positive and negative externalities. Externalities and efficiency.

The Coase theorem and policies to address externalities.

12

Crisis Management:

- Natural disasters: floods, storm surges

- Disasters caused by negligence:  the collapse of Ponte Morandi

- Health emergency: Covid 19

- Swine fever               

Case study II: greenhouse gas emissions as a negative production externality and economic policies to mitigate climate change.

 

RECOMMENDED READING/BIBLIOGRAPHY

Arthur B.W. (1996) Increasing returns and the new world of business. Harvard Business Review

Bernheim B.D., Whinston M.D. (2018) Microeconomia. McGrawHill https://www.mheducation.it/microeconomia-3-ed-edizione-custom-bocconi-9788838694561-italy

Elsner W., Heinrich T., Schwardt H. (2015). The Microeconomics of Complex Economies. https://shop.elsevier.com/books/the-microeconomics-of-complex-economies/linsley/978-0-12-411585-9

Haskel & Westlake (2017) Capitalism without Capital: The Rise of the Intangible Economy  https://press.princeton.edu/books/hardcover/9780691175034/capitalism-without-capital

TEACHERS AND EXAM BOARD

LESSONS

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

The exam consists in a written test and in the preparation of a short report.

ASSESSMENT METHODS

The written test is aimed at verifying the knowledge of the microeconomics topics presented in class by Prof. Raberto. Knowledge of the topics, combined with clarity and precision in the presentation, also with the aid of graphics, constitute the elements of evaluation of the written test.

The preparation of the report is aimed to assess the capacbility by the student to analyze and connect some of the topics covered in the lessons of Prof. Caviglia. The creation of links, comparisons and the ablity to synthesize  will be the main elements of evaluation.

FURTHER INFORMATION

Students who have valid certification of physical or learning disabilities on file with the University and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with COURSE PROFESSOR and with Professor Federico Scarpa (federico.scarpa@unige.it ), the School's disability liaison.

Agenda 2030 - Sustainable Development Goals

Agenda 2030 - Sustainable Development Goals
No poverty
No poverty
Good health and well being
Good health and well being
Quality education
Quality education
Gender equality
Gender equality
Clean water and sanitation
Clean water and sanitation
Affordable and clean energy
Affordable and clean energy
Decent work and economic growth
Decent work and economic growth
Industry, innovation and infrastructure
Industry, innovation and infrastructure
Reduce inequality
Reduce inequality
Sustainable cities and communities
Sustainable cities and communities
Responbile consumption and production
Responbile consumption and production
Climate action
Climate action