"G. d'Annunzio"
Basic knowledge of matemathics.
The aim of the course is to provide students with the logical-analytical tools to understand individual consumption and production choices in different institutional contexts and in situations of certainty and uncertainty. During the course the functioning of the markets and their allocation capacities will be studied. This set of knowledge constitutes the basis for understanding and deepening the study of economic subjects and it is a valid support for the ability to analyze economic phenomena.
Consumer theory. Firm theory. Markets equilibrium. General equilibrium theory.
Consumer preferences and optima choice. Utility function, indifference curves. Utility maximization, individual demand function. The elasticity of the demand curve. The exchange and the Wedgeworth box, Pareto efficient allocations; Market trade and efficiency. Consumers intertemporal Choice. Uncertainty and consumers choice. The expected utility function; risk aversion. Techology and production function. Average and marginal productivity. Isoquants and isocosts. Return to scale. Cost curves; short run and long run costs. Pçrofit maximization and cost minimization. Factor demand curves. Demand and supply of labour. Market theory: Perfect competition; monopoly; oligopoly. Imperfect competition and price discrimination. Oligopoly and game theory.
Varian, H. (last edition), Microeconomia, Cafoscarina, Pandimiglio A. – Spallone M., Problemi di Microeconomia, CEDAM
The teaching is structured in 72 hours of frontal lectures about microeconomic theory, with applications and examples. The course is accompanied by exercises held in the classroom by the teacher, in which problems and exercises assigned in the classroom are performed and corrected. Attendance is optional, recommended, and the final exam will be the same for attending and not attending students.
The final exam will be divided into a written test on topics covered during the course and present in the program. The written test will consist of theoretical questions, exercises and problems, to which they will be attributed a total of 30 points.
E-mail: a.pandimiglio@unich.it Website: www.ch.unich.it/~pandimiglio
