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Single discipline educational activity
Course Sheet Academic Year of enrolment:
Professor and Collaborators:
Hours of classroom activity:
Objectives
Contents The Course is divided into four parts. In the first part some preliminary and methodological issues of political economy will be addressed. The second part will examine consumer behavior (Consumer Theory). In the third part, the supply side (Business theory and market structure) will be explored, first by examining the cost side of the firm, then its behavior in different market structures. In the fourth part, questions related to general equilibrium will be explored using the fundamental concepts of the welfare economy.
Extended Syllabus PART I - Introduction
Think like an economist
Supply and demand
PART II - Consumer theory
The rational choice of the consumer
Individual demand and market demand
Applications of rational choice and demand theories
The information economy and the choice in conditions of uncertainty
PART III - Business theory and market structure
Production
Costs
Perfect competition
The monopoly
Imperfect competition
Factor markets
PART IV - General balance and well-being
The general balance and efficiency of the markets
Recommended Bibliography Frank R., Microeconomia, McGraw-Hill
Methods of Provision
Teaching Methods The Course is structured in 72 hours of frontal teaching, divided into 2-hour lessons based on the academic calendar. Lectures are theoretical lessons. During the course, some learning tests are proposed to the students.
Attendance is optional, recommended, and the final exam will be the same for both attending and non-attending students.
Evaluation methods Verification of learning:
The verification of the preparation of the students will take place with a written exam consisting of four open questions. The student will have to answer to 3 of the 4 proposed questions. The total points (30) will be divided on the basis of the questions present in the test for importance and extension and announced in the examination. The final score will be given by the sum of the partial scores. There is no oral exam. The duration of the written test is 1 hour. The topics examined will reflect those covered during the teaching and present in the program. The evaluation is determined by the quality of the motivations, the argumentation, the presentation of the models (where possible) and the discussion.
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