APPLIED MICROECONOMICS

APPLIED MICROECONOMICS

_
iten
Codice
90892
ANNO ACCADEMICO
2019/2020
CFU
9 cfu al 1° anno di 8700 ECONOMIA E ISTITUZIONI FINANZIARIE (LM-56) GENOVA
SETTORE SCIENTIFICO DISCIPLINARE
SECS-P/02
LINGUA
Inglese
SEDE
GENOVA (ECONOMIA E ISTITUZIONI FINANZIARIE )
periodo
1° Semestre
materiale didattico

OBIETTIVI E CONTENUTI

OBIETTIVI FORMATIVI

The objective of the course is to provide the theoretical instruments which allow students to understand the rationale of microeconomic choices made apart and in strategic interaction frameworks by economic agents. Students will learn how to solve optimization problems (free and constrained) which will be applied to consumer and firm theory. Economic choices when strategic interaction is present will be analyzed with the game theory approach.

OBIETTIVI FORMATIVI (DETTAGLIO) E RISULTATI DI APPRENDIMENTO

Learning Outcomes

  • Knowledge and understanding. Students should obtain the theoretical and methodological knowledge that allows them to understand the rationale for economic choices taken by isolated and interacting agents.
  • Applying knowledge and understanding. Students should be able to apply acquired knowledge and to solve problems associated to decision-making theory.
  • Making judgments.  Students should obtain the skills needed to independently tackle and solve problems, also in novel settings.
  • Communication skills. Students should learn technical language and economic terminology in order to properly communicate with field experts.
  • Learning skills. Students should develop learning abilities in order to master economic theory   both for academic and job markets.

Modalità didattiche

Teaching method

Lectures

Aulaweb

Yes   ☐  No ☐

Lectures

PROGRAMMA/CONTENUTO

Introduction. Mathematical tools: static optimization (free and bounded) techniques.

Part I. Firm theory.

Technology and the production function, cost minimization, optimal production, firm response functions, comparative statics, long run choices, multiproduct firms.

Part II. Market Structure.

Perfect competition in the short and long run, monopoly theory, price discrimination, monopolistic competition.

Part III. Strategic Interaction.

Game theory, Nash equilibrium, sub-game perfect Nash equilibrium, sequential games, repeated games, Folk theorem, Oligopoly theory: Cournot, Bertrand, Stackelberg, collusion and entry deterrence.

Part IV: Consumption theory.

Utility theory, primal and dual approach, response functions, comparative statics, consumer welfare, compensative and equivalent variation, consumer surplus.

TESTI/BIBLIOGRAFIA

F. Cowell “Microeconomics”, Oxford University Press. (Program details will be posted on Aulaweb)

DOCENTI E COMMISSIONI

Ricevimento: mercoledi ore 10.30

Commissione d'esame

ANNA BOTTASSO (Presidente)

GABRIELE CARDULLO

LEZIONI

Modalità didattiche

Teaching method

Lectures

Aulaweb

Yes   ☐  No ☐

Lectures

INIZIO LEZIONI

Term: 1°

ORARI

L'orario di tutti gli insegnamenti è consultabile su EasyAcademy.

Vedi anche:

APPLIED MICROECONOMICS

ESAMI

Modalità di accertamento

Assesment method

Exam    ☒ written ☐ oral   

Resit

No limits.

ALTRE INFORMAZIONI

Prerequisites

Basic Microeconomics.

 

Learning Outcomes

  • Knowledge and understanding. Students should obtain the theoretical and methodological knowledge that allows them to understand the rationale for economic choices taken by isolated and interacting agents.
  • Applying knowledge and understanding. Students should be able to apply acquired knowledge and to solve problems associated to decision-making theory.
  • Making judgments.  Students should obtain the skills needed to independently tackle and solve problems, also in novel settings.
  • Communication skills. Students should learn technical language and economic terminology in order to properly communicate with field experts.
  • Learning skills. Students should develop learning abilities in order to master economic theory   both for academic and job markets.

 

Duties

Attendance is not compulsory but encouraged