MICROECONOMICS - 97R006

courses
ID:
97R006
Dettaglio:
SSD: Political Economy Duration: 72 CFU: 9
Located in:
BERGAMO
Url:
DATA ANALYTICS, ECONOMICS AND DIGITAL TECHNOLOGIES - 97-270R/PERCORSO COMUNE Year: 1
Year:
2025

Overview

Date/time interval

Secondo Semestre (16/02/2026 - 29/05/2026)

Syllabus

Course Objectives

The course aims to provide students with the basic analytical tools to study the behavior of economic agents (consumers, firms, and the state) and their interactions in markets.

By the end of the course, students will be able to:

  • analyze consumer spending decisions and firms’ production choices;
  • understand how consumers and firms interact under different market structures;
  • assess the main forms of public intervention aimed at correcting market failures.




Course Prerequisites

No specific prerequisites are required. However, a basic familiarity with fundamental mathematical concepts, especially derivatives and elementary optimization, is recommended.


Teaching Methods

Teaching will be delivered through in-person lectures and tutorial sessions/exercises. Lectures will be conducted by the course instructor, with particular attention to student interaction. During the lectures, students will be encouraged to propose topics for further exploration or discussion. The tutorial sessions/exercise classes aim to provide students with the opportunity to deepen their understanding of the topics covered in class through problem-solving and practical exercises.


Assessment Methods

Student learning will be assessed through a single final written exam (final grade expressed on a 30-point scale). The format and content of the exam are the same for attending and non-attending students.


The final written exam includes multiple-choice questions and open-ended questions, which may involve solving exercises.


Contents

Main course contents:

  • Choice theory;
  • Consumer theory: the choice set, rationality assumptions, and the utility function. Utility maximization: the consumer’s optimal choice and the resulting (Marshallian) demand functions. Expenditure minimization: compensated (Hicksian) demand functions, the Slutsky equation, and the duality theory in consumption;
  • Production: technological representation, the production function, and behavioral assumptions for firms. Profit maximization: derivation of the optimal choice; input demand and output supply functions. Cost minimization: the cost function, the envelope theorem, and the duality theory in production;
  • Market structures: monopoly, oligopoly, and perfect competition;
  • Introduction to general equilibrium: Walrasian equilibrium, first and second welfare theorems;
  • Introduction to game theory: Nash equilibrium, static and dynamic strategic interactions.

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MICROECONOMICS