Microeconomics (2020/2021)

Learning outcomes

This unit should enable students to understand how firms and consumers take their decisions and how markets are organized. Recent developments in economic theory, useful to prepare students for applied economic courses, will also be presented. The teaching methods adopted consist of lectures and exercise classes. By the end of this course, students will know how to apply the toolbox of microeconomics to analyze markets and consumers’ and firms’ behavior.

Consumer choice Production and costs Perfect competition Monopoly Imperfect competition and strategic behaviour General economic equilibrium Decision-making with risk Asymmetric information Textbooks either H.R. Varian, Intermediate Microeconomics: A Modern Approach or D.A. Besanko & R.R. Braeutigam, Microeconomics Exercises can be found in many textbooks. An Italian textbook is: G.P. Cipriani & T. Fioroni, Esercizi di Microeconomia, Giappichelli, 2020.

Closed book examination including a multiple choice test.