The course aims to introduce concepts and arguments that are the basis of the analysis of economic theory, with particular reference to the explanation of commodity relative prices and the functional distribution of income (wages, profits and rents).
The course addresses these issues by providing students with a pluralistic and critical view. In fact, the fundamental elements of the two main approaches to value and distribution are presented and compared: the surplus or classical approach and the marginalist or neoclassical theory. The study also includes the different relationships that both approaches establish between prices and levels of production and employment of resources, both at the aggregate level and at the level of individual production units.
The course addresses these issues by providing students with a pluralistic and critical view. In fact, the fundamental elements of the two main approaches to value and distribution are presented and compared: the surplus or classical approach and the marginalist or neoclassical theory. The study also includes the different relationships that both approaches establish between prices and levels of production and employment of resources, both at the aggregate level and at the level of individual production units.
Curriculum
Canali
teacher profile teaching materials
1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Programme
1. Theory of firm1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Core Documentation
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillType of delivery of the course
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityAttendance
Lectures in classType of evaluation
Written with exercises and questions teacher profile teaching materials
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programme
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Core Documentation
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Type of delivery of the course
The course is taught in the traditional way, with lessons and exercises.Type of evaluation
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
teacher profile teaching materials
1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Programme
1. Theory of firm1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Core Documentation
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillType of delivery of the course
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityAttendance
Lectures in classType of evaluation
Written with exercises and questions teacher profile teaching materials
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programme
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Core Documentation
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Type of delivery of the course
The course is taught in the traditional way, with lessons and exercises.Type of evaluation
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
teacher profile teaching materials
1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Programme
1. Theory of firm1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Core Documentation
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillType of delivery of the course
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityAttendance
Lectures in classType of evaluation
Written with exercises and questions teacher profile teaching materials
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programme
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Core Documentation
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Type of delivery of the course
The course is taught in the traditional way, with lessons and exercises.Type of evaluation
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
teacher profile teaching materials
1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Programme
1. Theory of firm1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Core Documentation
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillType of delivery of the course
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityAttendance
Lectures in classType of evaluation
Written with exercises and questions teacher profile teaching materials
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programme
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Core Documentation
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Type of delivery of the course
The course is taught in the traditional way, with lessons and exercises.Type of evaluation
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
teacher profile teaching materials
1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Programme
1. Theory of firm1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Core Documentation
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillType of delivery of the course
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityAttendance
Lectures in classType of evaluation
Written with exercises and questions teacher profile teaching materials
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programme
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Core Documentation
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Type of delivery of the course
The course is taught in the traditional way, with lessons and exercises.Type of evaluation
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
teacher profile teaching materials
1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Programme
1. Theory of firm1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare
5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.
6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition
Core Documentation
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillType of delivery of the course
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityAttendance
Lectures in classType of evaluation
Written with exercises and questions teacher profile teaching materials
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programme
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Core Documentation
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Type of delivery of the course
The course is taught in the traditional way, with lessons and exercises.Type of evaluation
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.