Microeconomics

BUSINESS ADMINISTRATION Microeconomics

0212100004
DEPARTMENT OF ECONOMICS AND STATISTICS
EQF6
BUSINESS ADMINISTRATION
2022/2023



OBBLIGATORIO
YEAR OF COURSE 1
YEAR OF DIDACTIC SYSTEM 2016
SPRING SEMESTER
CFUHOURSACTIVITY
1060LESSONS


ExamDate
MICROECONOMIA08/02/2023 - 09:00
Objectives
(KNOWLEDGE AND UNDERSTANDING). THIS IS THE FIRST TAUGHT A COURSE IN ECONOMICS AIMED TO EXAMINE THE BASIC ELEMENTS CHARACTERIZING THE FUNZIONING OF AN ECONOMIC SYSTEM AND THE DECISIONAL MODELS OF ECONOMIC AGENTS (FAMILIES AND FIRMS). THE COURSE AIMS TO PROVIDE THE MAIN THEORETICAL AND METHODOLOGICAL ISSUES TO UNDERSTAND THE MAIN ECONOMIC PROBLEMS IN THE REAL LIFE OF FAMILIES AND FIRMS. THE COURSE WILL FOCUS ON: DEMAND AND SUPPLY, MARKET EQUILIBRIUM, CONSUMER THEORY, FIRM THEORY, COMPETING AND MONOPOLISTIC MARKETS.

(APPLYING KNOWLEDGE AND UNDERSTANDING). STUDENTS WILL BE MORE CONFIDENT IN ANALYSING AND SOLVING THE FOLLOWING PROBLEMS:
I) CONSUMER DECISIONS (I.E., THE CHOICE BETWEEN CONSUMPTION AND SAVING, LABOUR OFFER) ;
II) FIRMS DECISIONS(I.E., THE CHOICE OF THE APPROPRIATE TECHNOLOGY AND INPUTS, THE CHOICE OF THE LEVEL OF OUTPUT MAXIMIZING PROFITS, ETC.)
III) MARKET FUNCTIONING ( I.E. MARKET EQUILIBRIUM AND DEMAND OR SUPPLY SHOCKS).
Prerequisites
MATEMATHICS FOR ECONOMISTS
Contents
THE BEHAVIOR OF PRODUCERS, CONSUMERS AND MARKETS. MARKET STRUCTURE AND COMPETITIVE STRATEGY. PRICE MAKER AND PRICE TAKER FIRMS.

MORE DETAILS (NUMBER OF LESSON/CLASS HOURS):
FIRST PART:
1) ECONOMIC ANALYSIS PROBLEMS (4 HOURS);
2) MARKET EQUILIBRIUM (12 HOURS);
3) CONSUMER THEORY (12 HOURS).
SECOND PART:
1)PRODUCTION AND COST THEORY (10 HOURS);
2)PERFET COMPETITION (6 HOURS);
3) MONOPOLISTIC MARKETS (8 HOURS);
4) IMPERFECT COMPETITION AND STRATEGIC BEHAVIOR (8 HOURS).
Teaching Methods
LECTURES AND CLASSES
Verification of learning
THE EXAMINATION CONSISTS OF A WRITTEN TEST AND AN ORAL EXAMINATION . A SUCCESSFULL COMPLETION OF THE WRITTEN TEST IS CONDITION REQUIRED FOR REACHING THE ORAL STAGE. EACH OF THE TWO STAGES CAN BE PASSED WITH A MINIMUM OF 18/30. THE FINAL GRADE IS SIMPLY THE AVERAGE OF THE TWO PARTIAL RESULTS.
THE WRITTEN EXAMINATION IS AIMED AT DETERMINING IN A CLEAR AND UNAMBIGUOUS MANNER THE STUDENTS’ KNOWLEDGE AND THE ABILITY TO UNDERSTAND BOTH THEORETICAL AND METHODOLOGICAL CONTENTS AS TARGETED IN THE PROGRAMME. FINALLY, IT VERIFIES HOW THE STUDENTS CAN APPLY THE THEORETICAL KNOWLEDGE. THE WRITTEN EXAMINATION COMPRISES TREE SECTIONS.
THE FIRST SECTION CONSISTS OF TRUE/FALSE QUESTIONS.
THE SECOND SECTION CONSISTS OF MULTIPLE CHOICE QUESTIONS OR OPEN ENDED QUESTIONS; THE STUDENT MUST EXPLAIN THE CORRECT ANSWER WITH A SHORT COMMENT. FINALLY, THE LAST SECTION CONSISTS OF EXERCISES. THE TEXT OF THE WRITTEN EXAM SHOWS THE HIGHEST SCORE THAT CAN BE OBTAINED ON EACH QUESTION/EXERCISE.
THE QUESTIONS ARE SIMILAR TO THOSE RESOLVED DURING THE COURSE. COMPUTERS, TEXTS AND MOBILES ARE NOT ALLOWED DURING THE EXAMINATION.
THE OBJECTIVE OF THE WRITTEN EXAMINATION IS TO VERIFY THE OVERALL KNOWLEDGE OF THE CONSUMER THEORY, DEMAND, SUPPLY AND MARKET FUNCTIONING, FIRM THEORY.
THE ORAL EXAMINATION CONSISTS OF AN INTERVIEW AIMED AT DEEPENING THE CORRECT RESPONSE OF THE FIRST PART OF THE WRITTEN EXAMINATION. IN THIS WAY ONA CAN TEST STUDENTS’ KNOWLEGE AND ABILITY TO UNDERSTAND ACHIEVED, AND , AT THE SAME TIME, THE EXPERTISE IN THE FIELD.
Texts
BESANKO D.A. , BRAEUTIGAM R.R., MICROECONOMIA, IV ED., ISBN 978-88-386-9555-1.
PROGRAMMA CDS IN ECONOMIA AZIENDALE: CHAPTERS: 1, 2 ,3 ,4, 5(EXCLUDING 5.2.4 , 5.3.2, 5.5, 5.7), 6 , 7 (EXCLUDING 7.4.4), 8, 9, 10, 11 (EXCLUDING 11.4 , 11.7, 11.8), 12 (EXCLUDING 12.3, 12.4, 12.5, 12.6),13(ONLY 13.1.1, 13.1.2,13.1.3), 14(EXCLUDING 14.3, 14.4).
More Information
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