The course aims to introduce concepts and reasoning that are at the basis of economic analysis, with particular reference to the explanation of relative prices of commodities and the functional distribution of income (wages, profits and rents).
The course addresses these issues by offering students a pluralistic and critical view. In this perspective 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 resource employment, both at the overall level and at the level of individual production units.
The course addresses these issues by offering students a pluralistic and critical view. In this perspective 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 resource employment, both at the overall level and at the level of individual production units.
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
Fruizione: 21210056 MICROECONOMIA in Economia L-33 A - L SPINESI LUCA
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