The course is aimed at introducing students to microeconomics. By the end of the course, students are supposed to get to know: the theoretical functioning of a competitive market; the basics of non-competitive markets; the most important assumptions by which the price system gives efficient information to economic agents.
Course Content - Last names M-Z
The topics are:
a) History of economic thoughts: Mercantilism and pre-Classics; The Classics; The Marginalists; The Neoclassical orthodox;
b)Microeconomics: Demand and supply; Consumer choice; Theory of production; Perfect competition and monopoly.
Course Content - Part A
This course will guide students throughout the process of national income formation and discuss the equilibrium theory by comparing the Keynesian instability theory with neoclassic model. Microeconomics foundations of markets’ efficiency will be discussed together with some elements of the history of economic thought. We will study the main failures of this theory and the links between micro and macroeconomic issues
Textbook
a) "Valore,distribuzione,moneta,un profilo di storia del pensiero economico "Pavanelli G.
FrancoAngeli ,2003. Capitoli 1,2,3,4,5,8 (1-2),9,11(1-4),16.
b) “Microeconomia” di Frank, R., McGraw-Hill, Quinta edizione, 2010. Capitoli: 1, 2, 3, 4, 5, 9, 10, 11, 12.
Students are invited to work on the neoclassical model as much as on the limits of it. Economics is presented as a social science.
Learning Objectives - Last names M-Z
The course aims at making the students acquainted with the basics of the History of economic thoughts and with Microeconomic theory.
Learning Objectives - Part A
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Prerequisites - Last names A-L
Students are supposed to be able to solve a first grade equation, a simple system of equations, to interpret a two dimensions graph.
Prerequisites - Last names M-Z
Although the course is self contained, students are invited to revise the basics of linear algebra and geometry
Prerequisites - Part A
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Teaching Methods - Last names A-L
Lectures are meant to explain what is included in the textbook as much as on what is not deeply explained. The last week of the course is usually used to go through some questions concerning the method used by traditional economists.
Teaching Methods - Last names M-Z
Front lectures (90%). Classroom assignments (10%)
Teaching Methods - Part A
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Further information - Last names M-Z
End of Module exams are not allowed
Further information - Part A
Other informations on: www.econp.blogspot.com
Type of Assessment - Last names A-L
Written examination with closed and open questions.
Type of Assessment - Last names M-Z
The written final exam is in the form of multiple choice
Type of Assessment - Part A
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Course program - Last names M-Z
Primo modulo: STORIA DEL PENSIERO ECONOMICO - Prof.ssa Gioli
"Valore,distribuzione,moneta,un profilo di storia del pensiero economico "Pavanelli G.
FrancoAngeli ,2003. Capitoli 1,2,3,4,5,8 (1-2),9,11(1-4),16.
Introduzione,Mercantilismo e preclassici,A.Smith e i fondamenti del
pensiero classico,Il marginalismo e C.Menger, L'ortodossia
neoclassica A.Marshall, J.M.Keynes.
Secondo e terzo modulo: MICROECONOMIA- Prof. Patrizii
“Microeconomia” di Frank, R., McGraw-Hill, Quinta edizione, 2010. Capitoli: 1, 2, 3, 4, 5, 9, 10, 11, 12.
Analisi marshalliana (domanda e offerta di mercato, surplus del consumatore e del produttore, elasticità della domanda e dell?offerta, equilibrio del mercato). Teoria della domanda (scelte di consumo delle famiglie). Teoria dell?offerta (impresa, costi, ricavi e dimensione dell'impresa, scelte dell'impresa nel breve e nel lungo periodo). Concorrenza perfetta. Monopolio.