Academic year2016/17
CourseECONOMICS
Code259PP
Credits12
PeriodSemester 2
LanguageEnglish
Modules | Area | Type | Hours | Teacher(s) |
ADVANCED MICROECONOMICS | SECS-P/01 | LEZIONI | 84 | |
Programma non disponibile nella lingua selezionata
Knowledge
Students are expected to acquire
- the tools and concepts to understand and represent individual behaviour both as consumption units, investors and firms, in certain, uncertain and strategic environments
- the tools and concepts to understand and represent the working of single markets, in conditions of perfect and imperfect competition and the basic tools for intervention and regulation
- the tools and concepts to understand and interpret the working of the whole economy, its properties and limitations
- ability to solve problems conceerning individual and market behaviour
- critical and selective capacity to apply the above tools to analyze, interpret and represent real phenomena from the microeconomic point of view
- ability to autonomously read and understand advanced textbooks and academic articles at the frontier of economic literature in the field of microeconomics.
Assessment criteria of knowledge
The student will be assessed on
- his/her demonstrated ability to discuss the main course contents using appropriate terminology, proper concepts and rigorous thinking.
- his/her demonstrated ability to solve simple problems concerning the main contents of the course, applying the appropriate tools.
Methods:
Teaching methods
Delivery: face to face
Learning activities:
- attending lectures
- individual study
Attendance: Advised
Teaching methods:
- Lectures
- Task-based learning/problem-based learning/inquiry-based learning
Syllabus
Neoclassical consumer theory - Duality - Revealed preferences
Aggregation theory
Choices under uncertainty
Production theory - short and long run
Strategic decisions and game theory
Imperfectly competitive markets
Perfectly competitive markets - short and lung run
General equilibrium theory
Bibliography
- Jehle and Reny (2011), Advanced Microeconomic Theory. 3rd Ed. Prentice Hall.
- Mas-Colell, Whinston, and Green (1995), Microeconomic Theory, OUP.
Optional reading includes the following works;
Varian (1992), Microeconomic Analysis 3rd ed., Norton
Further bibliography will be indicated.
Updated: 14/11/2016 17:27