Alberto BENNARDO | ECONOMIC AND FINANCIAL ANALYSIS
Alberto BENNARDO ECONOMIC AND FINANCIAL ANALYSIS
cod. 0212400024
ECONOMIC AND FINANCIAL ANALYSIS
| 0212400024 | |
| DEPARTMENT OF ECONOMICS AND STATISTICS | |
| EQF6 | |
| ECONOMICS | |
| 2021/2022 |
| YEAR OF COURSE 3 | |
| YEAR OF DIDACTIC SYSTEM 2016 | |
| SPRING SEMESTER |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/01 | 10 | 60 | LESSONS |
| Objectives | |
|---|---|
| THE COURSE COVERS SOME CLASSICAL THEMES OF MICROECONOMICS AND ILLUSTRATES THE BASIC ANALYTICAL TOOLS USED IN THE DISCIPLINE TO STUDY THESE TOPICS. THE COURSE IS DIVIDED IN TWO PARTS. THE FIRST PART IS DEVOTED TO THE ANALYSIS OF INTERTEMPORAL CHOICES AND OFINDIVIDUAL CHOICES UNDER UNCERTAINTY. TO SEOND PARTS OF THE COURSE PRESENTS THE MAIN CONCEPTS OF GAME THEORY, AND USES THESE CONCEPTS TO STUDY STRATEGIC INTERACTIONS AMONG ECONOMIC AGENTS. IN PARTICULAR, THE GAME THEORETIC APPROACH WILL BE USED TO STUDY TE EQUILIBRIUM EFFECTS OF MARKET POWER AND EXTERNALITIES. THE COURSE AIMS TO PROVIDE STUDENTS WITH A SOLID BACKGROUND IN THE ANALYSIS OF MICROECONOMIC PHENOMENA. STUDENTS WILL LEARN HOW TO USE THE BASIC CONCEPTUAL AND ANALYTIC TOOLS NECESSARY TO STUDY INDIDIVIDUAL CHOICES AND INTERACTIONS WITHIN REAL MARKETS AND ECONOMIC INSTITUTIONS, AND TO INTERPRET SOME OF THE MAIN STYLIZED FACTS FEATURED BY THESE INSTITUTIONS. FINALLY, ECONOMIC APPLICATIONS PRESENTED DURING THE COURSE WILL ALSO ENABLE STUDENTS TO CRITICALLY ASSESS THE POSITIVE AND THE NORMATIVE PROPERTIES OF SOME FUNDAMENTAL ECONOMIC INSTITUTIONS THAT CONTRIBUTE TO DETERMINE PRIVATE AND SOCIAL INCENTIVES OF ECONOMIC AGENTS. |
| Prerequisites | |
|---|---|
| students are required to take the microeconomics exam |
| Contents | |
|---|---|
| TOPICS PART 1 – 1. INTERTEMPORAL CHOICES. 2CHOICE UNDER UNCERTAINTY. STATES OF THE WORLD, OUTCOMES OF INDIVIDUAL CHOICES AND ATTITUDES TOWARD RISK. 3. THE RISK RETURN TRADE-OFF AND DIVERSIFICATION. COMPETITVE MARKETS FOR INTERTEMPORAL TRANSFERS. CREDIT MARKETS, INSURANCE MARKETS AND ASSET MARKETS. 5. WALRASIAN EQUILIBRIUM AND “NO ARBITRAGE EQUILIBRIUM”. PARTE 2 6.GAMES IN STRATEGIC FORM AND EQUILIBRIUM CONCEPTS FOR GAMES IN STRATEGIC FORM. 7.GAMES IN EXTENDED FORM AND EQUILIBRIUM CONCEPTS FOR GAMES IN EXTENDED FORM. 8. MONOPOLISTIC COMPETITION AND MARKET ENTRY 9. MARKET POWER AND WELFARE 10 EXTERNALITIES AND WELFARE. |
| Teaching Methods | |
|---|---|
| FRONTAL LECTURES, EXERCISES' SESSIONS AND GROUP PRESENTATIONS. |
| Verification of learning | |
|---|---|
| WRITTEN AND ORAL EXAM. THE WRITTEN EXAM LASTS TWO HOURS. THE ORAL EXAM LASTS TWENTY MINUTES, APPROXIMATELY. ONLY STUDENTS PASSING THE WRITTEN EXAM ARE ADMITTED TO THE ORAL EXAM. THE WRITTEN EXAMS INCLUDE OPEN QUESTIONS, AIMED AT VERIFYING THE STUDENT'S UNDERSTANDING OF THE CONTENTS OF THE COURSE, AND EXERCISES INTENDED TO ASCERTAIN THE ABILITY TO APPLY FORMAL KNOWLEDGE TO THE ANALYSIS OF INDIVIDUAL BEHAVIOR WITHIN MARKETS. THE ORAL EXAM VERIFIES THE STUDENT'S ABILITY TO IDENTIFY AND ARTICULATE THE CONNECTIONS BETWEEN THE ANALYTICAL RESULTS PRESENTED IN THE COURSE, AND TO PRESENT THEIR IMPLICATIONS FOR THE MARKET BEHAVIOR OF INDIVIDUALS AND INSTITUTIONS. |
| Texts | |
|---|---|
| ROBERT GIBBONS "GAME THEORY FOR APPLIED ECONOMISTS", 1992. HAL VARIAN "INTERMEDIATE MICROECONOMICS: A MODERN APPROACH (9TH ED.) W.W: NORTON & COMPANY, 2014. |
| More Information | |
|---|---|
| NONE. |
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