The objective of this course is to introduce students to economic reasoning. The basic principles of economics 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 analyzed.
The whole course (12 ECTS) is composed of two parts:
- Demand, Supply and marketequilibrium. Elasticity
- Consumers' choice: demand curve, Engel curve, income and substitution effect. Labour market and intertemporal consumtion decision. Labour supply
- Firm production decision: production functions, cost functions.
For the second part of the course please consult the web-page related to Principles of Economics 2.
D. Bernheim e M. Whinston, Microeconomia, Mc-Graw Hill Italia, III Edizione 2017.
M.C. Molinari, Esercizi di Economia Politica, Cafoscarina, 2016.
Type of exam
written exam and non compulsory homeworks during the course
Students are strongly encouraged to actively attend classes and solve the exercises assigned every week.
Course with sustainable contents
University credits of sustainability: 1
Lecture notes, material for reference or for self-assessment available online or as e-book
E-learning, moodle platforms
Last update of the programme: 30/06/2017
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