Microeconomics 1 (2022/2023)

Learning outcomes

The aim of the course is to provide students with the main analytical tools to develop microeconomic analysis.
At the end of the course students should be able to apply the relevant mathematical technique for the analysis of consumption, production and choices under risk and develop a critical assessment of theoretical research on these subject.

The course provides students with the main notions of microeconomic theory characterizing the first part of an advanced course on the subject. In particular, it is organized in three main parts:
1) Theory of consumer’s behaviour and welfare,
2) Theory of production,
3) Choices under uncertainty.
The approach is formal and mathematical, and is aimed not only at delivering the main elements of microeconomic theory but also at providing students with the necessary tools to address theoretical problems grounded in choice theory. Basic mathematical concepts and familiarity with logical and abstract reasoning are therefore a prerequisite of this course. Lectures will be supplemented by exercise classes to further develop the technical skills required.
Attention will also be played to place in context the analysis with possible applications of the concepts discussed for theoretical research or for policy analysis. Detailed references will be provided during the lectures.

Written exams with separate questions on the three parts covered on the course