Salvatore FARACE | Microeconomics
Salvatore FARACE Microeconomics
cod. 0212700005
MICROECONOMICS
| 0212700005 | |
| DIPARTIMENTO DI SCIENZE AZIENDALI - MANAGEMENT & INNOVATION SYSTEMS | |
| EQF6 | |
| BUSINESS MANAGEMENT | |
| 2017/2018 |
| OBBLIGATORIO | |
| YEAR OF COURSE 1 | |
| YEAR OF DIDACTIC SYSTEM 2014 | |
| SECONDO SEMESTRE |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/01 | 10 | 60 | LESSONS |
| Objectives | |
|---|---|
| THIS COURSE IS AN INTRODUCTION ON MICROECONOMIC THEORY. THE STUDENT WILL ACQUIRE THE FUNDAMENTAL METHODOLOGICAL AND THEORETICAL TOOLS OF MICROECONOMICS, RELATING TO INDIVIDUAL DECISIONS OF HOUSEHOLD AND BUSINESSES AND TO THE FUNCTIONING OF THE MARKET, UNDERSTOOD AS A MECHANISM FOR COORDINATING CHOICES. THE STUDENT WILL BE ABLE TO USE BASIC MICROECONOMIC MODELS TO EXPLAIN CASES AND ECONOMIC PHENOMENA RELATED TO HOUSEHOLDS AND BUSINESSES IN DIFFERENT, COMPETITIVE AND NON-COMPETITIVE CONTEXTS, BOTH IN THE SHORT AND LONG TERM. IN ADDITION THE STUDENTS WILL BE ABLE TO IDENTIFY AND UNDERSTAND EXAMPLES AND DETERMINANTS OF MARKET FAILURES. |
| Prerequisites | |
|---|---|
| MATHEMATICS FOR ECONOMICS (MANDATORY) |
| Contents | |
|---|---|
| - INTRODUCTION TO THE METHODOLOGICAL TOOLS AND BASIC CONCEPTS OF MICROECONOMICS; THE FUNDAMENTAL PRINCIPLES OF HOUSEHOLD AND BUSINESS DECISIONS, THEIR INTERACTIONS AND THE ECONOMIC ROLE OF THE STATE - WHAT IS BUSINESS ECONOMICS?; ECONOMICS AND BUSINESS DECISIONS; THE CONTEXT OF ENTREPRENEURIAL ACTIVITY - HOW MARKETS WORK: DEMAND, SUPPLY AND THEIR INTERACTIONS. - ELASTICITY OF DEMAND, ELASTICITY OF SUPPLY AND THEIR APPLICATIONS - CASES OF EXTERNALITY; INFORMATIONS; THE ECONOMIC ROLE OF THE STATE - THE CONSUMER CHOICE MODEL - BUSINESS OBJECTIVES AND DECISIONS: PRODUCTION FUNCTION, COST FUNCTION IN THE SHORT AND LONG-TERM. CASES - THE DIFFERENT MARKET STRUCTURES: PERFECT COMPETITION, MONOPOLY, MONOPOLY COMPETITION, OLIGOPOLY AND INTRODUCTION TO GAME THEORY. CASES |
| Teaching Methods | |
|---|---|
| LECTURES; CLASSES AIMED TO CORRECT THE SETS OF QUESTIONS AND EXERCISES DISTRIBUTED DURING THE COURSE, AND TO DISCUSS SOME REAL CASES. |
| Verification of learning | |
|---|---|
| THE LEVEL OF ACHIEVEMENT OF THE TEACHING OBJECTIVES IS CERTIFIED BY PASSING AN EXAM: THE EVALUATION IS BASED ON A SCALE FROM 18 TO 30. THE FINAL EXAM IS A WRITTEN TEST THAT IS PROPEDEUTIC TO THE ORAL EXAM. THE WRITTEN TEST (DURATION TWO HOURS) IS PASSED WITH A MINIMUM SCORE OF 18/30. IT IS ARTICULATED INTO THREE PARTS: TRUE/FALSE QUESTIONS; MULTIPLE ANSWER QUESTIONS TO BE EXPLAINED IN DETAIL AND NUMERIC EXERCISES. THE QUESTIONS ASKED ARE SIMILAR TO THOSE PRESENTED DURING THE COURSE. THE ORAL TEST CONSISTS OF A DISCUSSION ON THE THEORETICAL AND METHODOLOGICAL CONTENT OF THE COURSE. IT IS AIMED AT VERIFYING THE KNOWLEDGE OF SPECIFIC TOPICS AND TO LINK INDIVIDUAL ARGUMENTS AND MODELS OF ANALYSIS, AND THE ABILITIES TO ARGUE. THE EVALUATION OF THE ORAL TEST RANGES FROM A MINIMUM OF -3 POINTS (NEGATIVE SCORE) UP TO A MAXIMUM OF 3 POINTS. THE FINAL EVALUATION IS CALCULATED AS THE SUM OF THE SCORES FROM THE WRITTEN TEST AND THE ORAL TEST. |
| Texts | |
|---|---|
| N.G. MANKIW, M.P. TAYLOR, A. ASHWIN (2015), PRINCIPI DI ECONOMIA PER L'IMPRESA, ED. ZANICHELLI, TORINO, CAPP.1-13 |
| More Information | |
|---|---|
| FREQUENCY NOT MANDATORY, BUT RECOMMENDED. FURTHER INFORMATION AND MATERIALS WILL BE AVAILABLE ON THE TEACHER'S WEB PAGE. |
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