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Very basic notion of microeconomics as usually taught in a first introductory course.
Lectures and exercises
Final written exam: 2/3 open questions + 2/1 exercises ≡ 4 in total, each evaluated for 8 points [4x8=32 = 30 cum laude]
This module aims to provide students with:
a) a deep review of those basic notions concerning production functions, cost functions and market forms (competition, monopoly, monopolistic competition, oligopoly) preliminary to a course in industrial organisation;
b) a major review of the standard theory of the consumer and consequent theory of demand as well as of the distinction between partial equilibrium models and general equilibrium models;
c) a reasonably rigorous presentation of the theory of expected utility, as an essential tool to address the typical issues of the so-called economics of information (incentives to unfair behavior (moral hazard), information asymmetries, signaling, insurance contracts, auction mechanisms).
See page
"Organizzazione industriale e teoria degli incentivi a,a, Economia industriale e microeconomia avanzata a.a. 2023-24" in Moodle (e-learning)
