Microeconomics (2011/2012)

Course code
4S00239
Name of lecturer
Martina Menon
Coordinator
Martina Menon
Number of ECTS credits allocated
6
Academic sector
SECS-P/01 - ECONOMICS
Language of instruction
Italian
Location
VERONA
Period
II semestre dal Mar 1, 2012 al Jun 15, 2012.

Lesson timetable

Learning outcomes

Aim of the course is to provide students with the basis of economic theory. Lectures will cover the following topics: 1) consumer theory, 2) firm theory, 3) market structures (perfect competition, monopoly and oligopoly) and 4) game theory.

Syllabus

1. Consumer choice
a. Preference and choice
i. Preference relations and utility functions
ii. Choice rules and budget sets
iii. Individual demand and reveald preference
b. Axiomatic treatment of preferences
i. Assumptions regarding preferences
ii. Equivalence of preferences and ordinal utility
iii. Existence of utility functions
iv. The relationship between rational preferences and utility functions
c. Lagrange multipliers and Constrained Optimization
d. Demand Behaviour
i. Utility maximization
ii. Expenditure Minimization
iii. Duality
iv. Indirect utility function
v. Comparative statics: substitution effects, income effect, Slutsky equation

2. Theory of the firm
3. Market
4. Game theory

Assessment methods and criteria

Tow-hour examination