MICROECONOMICS

iten
Code
41126
ACADEMIC YEAR
2021/2022
CREDITS
9 credits during the 1st year of 8697 Business Administration (L-18) GENOVA

9 credits during the 1st year of 8698 Maritime, Logistics and Transport Economics and Business (L-18) GENOVA

9 credits during the 1st year of 8699 Economics (L-33) GENOVA

SCIENTIFIC DISCIPLINARY SECTOR
SECS-P/01
LANGUAGE
Italian
TEACHING LOCATION
GENOVA (Business Administration)
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)
  • ECONOMIC POLICY 64452
  • PUBLIC FINANCE - ECONOMICS OF TAXATION 64836
  • MACROECONOMICS 55648
  • Business Administration 8697 (coorte 2020/2021)
  • ECONOMIC POLICY 64452
  • MACROECONOMICS 55648
  • 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 2020/2021)
  • TRANSPORT ECONOMICS 63739
  • MACROECONOMICS 55648
  • Economics 8699 (coorte 2020/2021)
  • ECONOMIC POLICY 60066
  • MACROECONOMICS 55648
  • LABOUR ECONOMICS 64797
  • Economics 8699 (coorte 2021/2022)
  • MACROECONOMICS 55648
  • MARKET FORMS, PRICES, AND WAGES 64797
  • ECONOMIC POLICY 60066
Teaching materials

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.

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

Office hours: Tuesday 10,30 during the lessons period (Dipartimento di Economia, Via Vivaldi 2, Darsena) or sending a mail to testi@economia.unige.it for other days or during the other periods.

Exam Board

ANGELA TESTI (President)

LUCA BELTRAMETTI

ANNA BOTTASSO

SERENA SCOTTO

LESSONS

TEACHING METHODS

Lectures

LESSONS START

September 2019

Class schedule

MICROECONOMICS A

EXAMS

ASSESSMENT METHODS

Assessment

Written exam

Exam schedule

Date Time Location Type Notes

FURTHER INFORMATION

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