Ateneo - UPO

The first part of the course introduces students to basic tools widely used in microeconomics for the analysis of: 1. the rational choices of consumers and firms; 2. the characteristics and mechanisms of a perfectly competitive market; 3. the characteristics and mechanisms of a monopoly, oligopoly and monopolistic competition market structure. At the end of the course students are introduced to the concepts of asymmetric information and uncertainty. The final issue relates to the analysis of input markets.

Robert H. Frank, Edward Carwright, ISBN: 8838669155, (2021), Microeconomia, McGraw-Hill Higher Education.

The objective of the course is to provide basic tools for the analysis and the understanding of the main microeconomic mechanisms which characterize: 1. the rational choices of consumers and firms. 2. how markets behave. This course introduces the students to the basic concepts and principles required to analyse and discuss an economic model and its application. This knowledge has to be conceived as a prerequisite for the development of positive and normative judgements on economic problems and economic policy issues.

Knowledge of the basic tools of mathematical analysis

Lectures

Further information can be found in the web page of the course at the URL: https://www.dir.uniupo.it/

It is a written examination. The exam consists in 50 multiple choice questions. The final grade is expressed in thirtieths and has to be equal or greater than 18/30. Within the year, students cannot sit more than three exams. The exam lasts 30 minutes.

Part 1 – Introductory Microeconomics
Chapter 1. Thinking like an Economist
Chapter 2. Supply and Demand
Chapter 3. Rational Consumer Choice
Chapter 4. Individual and Market Demand
Chapter 5. Applications of Rational Choice and Demand Theories
Chapter 9. Production
Chapter 10. Costs 
Chapter 11. Perfect Competition
Chapter 12. Monopoly 
Chapter 13. Imperfect Competition: A Game-Theoretic Approach

Part 2 – Advanced topics
Chapter 6. The economics of information and uncertainty
Chapter 14. The input markets

The development of positive and normative judgements on economic problems and economic policy issues.