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Advanced microeconomics - Structure
Advanced microeconomics - Structure

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MASSIMILIANO BRATTI , responsible for the course

Degree in ECONOMICS AND POLITICAL SCIENCE (EPS) Classi LM-56/LM-62 Enrolled from 2014/2015 academic year - Laurea Magistrale - 2018/2019

Compulsory course or activityyes
Year of course1s
Term or semester2nd term
Scientific fields (settori scientifico-disciplinari)
  • SECS-P/01 - Economia politica
ECTS credits (CFU) compulsory6
ECTS credits - facultative-

General information

Aims and objectives: The course is designed to provide a rigorous introduction to the conceptual apparatus of modern microeconomics. Its objective is to equip first-year students with the basic analytical tools required to read and understand contemporary literature in theoretical and applied microeconomics and possibly to approach more advanced research topics in this area.

Language of instruction: English

Syllabus

Syllabus: 1. Preference and Utility
2. Demand Theory and Applications
3. Production Theory and Applications
4. Choice under uncertainty
5. Partial and General Equilibrium
6. Monopoly
7. Oligopoly

Short course description english flag

The aim of the course is to equip students with the key elements of economic reasoning to explain individuals’ and firms’ behaviours. Although the course is chiefly theoretical, an effort is made at applying micro-economic instruments to real world problems, through examples and applications. The course will start from individual decision making: after reviewing consumer and producer choice theory, we shall develop classical demand and production theory in a market economy. Then, we will introduce the notions of competitive equilibrium and Pareto efficiency. Last, we will study the working of imperfectly competitive markets (monopoly and oligopoly).

Readings: Textbooks and readings

Munoz-Garcia (2017), Advanced Microeconomic Theory. An intuitive approach with examples, The MIT Press, Cambridge Massachusetts, London England. [chapt. 1, 2, 3, 4, 5, 6, 7, 8.1-8.3]

A useful reading:
Hal Varian, Intermediate Microeconomics: A modern approach, 9th Edition (Last Edition).

Prerequisites, exams and assessment

Examunico
Type of assessmentEsame
Assessmentvoto verbalizzato in trentesimi

Prerequisites, exams and assessment The students are expected to fully master the topics dealt with in the course Mathematical Methods and Modelling (6 credits), i.e., linear algebra, intermediate calculus, and an introduction to static optimization. A reasonable acquaintance with introductory and intermediate microeconomics (consumer and producer theory, partial competitive equilibrium theory) is expected.

Problem sets will be handed out weekly throughout the course but the assessment will be based on a written final examination.

Propaedeutical courses Mathematical Methods and Modelling

Structure of the course

Scientific fields

  • SECS-P/01 - Economia politica - Credits: 6
Activities

Lezioni: 40 hours

Teachers ' office hours

Teacher's office hours
TeacherOffice location
MASSIMILIANO BRATTI , responsible for the courseLunedì 14.30-16.30, salvo diverso avviso postato in questo sito. Il ricevimento dell'11 marzo è spostato al 13 marzo stessa ora.stanza 21 (DEMM, Via Conservatorio 7)