MICROECONOMICS-1

Academic year
2017/2018 Syllabus of previous years
Official course title
ECONOMIA POLITICA - 1
Course code
ET0031 (AF:252861 AR:145878)
Modality
On campus classes
ECTS credits
6 out of 12 of POLITICAL ECONOMICS
Subdivision
Surnames A-La
Degree level
Bachelor's Degree Programme
Educational sector code
SECS-P/01
Period
3rd Term
Course year
1
Where
VENEZIA
The objective of this course is to introduce students to economic reasoning. The basic principles of microeconomics will be presented. In particular, after introducing the notion of market equilibrium as the crossing point between demand and supply, consumer choices in various contexts and the optimal strategies of the firms with reference to their cost structures and the characteristics of the markets in which they operate will be analysed.
It is advisable to have a course in Mathematics
FIRST PART
- Demand, supply and market equilibrium. Elasticity.
- Consumer choice: demand curve and Engel curve, income and substitution effects. Labour supply. Intertemporal choices.
- Firm choice: production function and returns to scale, cost function, average and marginal cost, economies of scale.

SECOND PART
- Profit maximization for a price-taker firm
- Competitive equilibrium.
- Market intervention: taxes and subsidies, price floors, tariffs and quotas.
- Monopoly: equilibrium and deadweight loss. Regulation of monopolies.
- Pricing policies: perfect price discrimination, two-part tariffs, multimarket discrimination.
- Game theory: dominance and Nash equilibrium in static games. Sequential games.
- Oligopoly: Cournot models with homogeneous goods.
- Introduction to choices under uncertainty.
- Asymmetric information: adverse selection and moral hazard.
D. Bernheim and M. Whinston, Microeconomia (third edition), Mc-Graw Hill Italia, 2017.
M.C. Molinari, Esercizi di Economia Politica (second edition), Cafoscarina, 2017.

On the e-learning platform you can find a detailed syllabus.
written
Written exam with theory questions and exercises similar to those presented in the practice session and available on the course website.
Lectures and practice sessions.
Italian
Course website:
A-La: http://moodle.unive.it/course/view.php?id=709
Lb-Z: http://moodle.unive.it/course/view.php?id=708

Students are strongly encouraged to actively follow the course, attending classes and solving the exercises assigned every week.
  • E-learning, moodle platforms
Last update of the programme: 30/06/2017