Course Syllabus

Export
Export

The course is an introduction to advanced microeconomic analysis. Topics will be covered in a rigourous formalised way but with continuous reference to economic intuition and graphic tools.

Students will familiarise with instruments that are the building blocks of economic theory and that they will encounter in future courses.

-Choice and Demand

-Uncertainty and Strategy

-Production and Supply

-Competitive Markets

-Market Failures

1) CHOICE AND DEMAND

  • Preferences and Utility
  • Utility Maximization and Choice
  • Income and Substitution Effects
  • Demand Relationships among Goods
  1. UNCERTAINTY AND STRATEGY
  • Uncertainty
  • Game Theory
  1. PRODUCTION AND SUPPLY
  • Production Functions
  • Cost Functions
  • Profit Maximization
  1. COMPETITIVE MARKETS
  • The Partial Equilibrium Competitive Model
  • General Equilibrium and Welfare
  1. MARKET FAILURE
  • Monopoly

This course in microeconomics relies on graphical analysis, elementary algebra as well as basic calculus. Hence some mathematical prerequisite are needed (references will be provided).
An introductory microeconomics course is useful but not necessary.

The course consists of 42 lecture hours. Strong interaction between teacher and students is expected. The course also benefits from the application of the relevant concepts through targeted exercises.

Slides of lectures will be posted on the elearning page, as well as tutorials.

Solutions to tutorials will be posted as we solve exercises during classes.
Lectures will be in presence, occasionally some may be streamed and possibil.y recorded. (contact the lecturer in advance if you have troubles attendind)

Written exam. Duration: approximately 1,5 hours.

No midterm exam but an exam will be available during the break in november

Walter Nicholson and Christopher Snyder

Microeconomic Theory: Basic Principles and Extensions, 12th Edition

(Cengage Learning)

first semester

english

Enter

Key information

Field of research
SECS-P/01
ECTS
6
Term
First semester
Activity type
Mandatory
Course Length (Hours)
42
Degree Course Type
2-year Master Degreee
Language
English

Staff

    Teacher

  • Michela Cella
    Michela Cella

Enrolment methods

Self enrolment (Student)
Manual enrolments