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
The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Programme
1. Production: general elements.The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
Core Documentation
■ "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Type of evaluation
The examination consists of a written test lasting 1 hour and 30 minutes, with two essay questions, four short questions (sometimes closed questions) and two exercises. Students who have obtained a mark of at least 15/30 in the written test are admitted to the oral test, which lasts approximately 10 minutes per student.Canali
teacher profile teaching materials
The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Programme
1. Production: general elements.The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
Core Documentation
■ "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Type of evaluation
The examination consists of a written test lasting 1 hour and 30 minutes, with two essay questions, four short questions (sometimes closed questions) and two exercises. Students who have obtained a mark of at least 15/30 in the written test are admitted to the oral test, which lasts approximately 10 minutes per student.Canali
teacher profile teaching materials
The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Programme
1. Production: general elements.The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
Core Documentation
■ "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Type of evaluation
The examination consists of a written test lasting 1 hour and 30 minutes, with two essay questions, four short questions (sometimes closed questions) and two exercises. Students who have obtained a mark of at least 15/30 in the written test are admitted to the oral test, which lasts approximately 10 minutes per student.Canali
teacher profile teaching materials
The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Programme
1. Production: general elements.The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
Core Documentation
■ "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Type of evaluation
The examination consists of a written test lasting 1 hour and 30 minutes, with two essay questions, four short questions (sometimes closed questions) and two exercises. Students who have obtained a mark of at least 15/30 in the written test are admitted to the oral test, which lasts approximately 10 minutes per student.Canali
teacher profile teaching materials
The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Programme
1. Production: general elements.The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
Core Documentation
■ "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Type of evaluation
The examination consists of a written test lasting 1 hour and 30 minutes, with two essay questions, four short questions (sometimes closed questions) and two exercises. Students who have obtained a mark of at least 15/30 in the written test are admitted to the oral test, which lasts approximately 10 minutes per student.Canali
teacher profile teaching materials
The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Programme
1. Production: general elements.The production process. Production methods and their representation. The social production process. Subsistence economy. Economy with surplus.
2. Fundations of classical theory of distribution and relative price.
The real wage rate and other circumstances taken as given in the “core” of the theory. Profits and the general rate of profit. Distinction and relationship between “natural” prices and “market” prices. Price equations. The inverse wage-profit relationship. The theory of rent.
3. Fundations of marginalist theory of distribution and relative prices.
The data of the theory. Consumer theory. Demand functions for goods. Producer theory. Direct and indirect substitutability as an analytical basis for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with classical distribution theory. Pareto optimality of general economic equilibrium.
4. Analysis of individual industries and market forms.
Partial equilibrium analysis. Short- and long-run cost curves of individual firms. Firm and industry equilibrium under competition, in the short and long run. Determination of output and price in a monopolistic firm. Cournot and Stackelberg oligopoly models.
Core Documentation
■ "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1■ "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 {escluso § B2}
■ "La teoria marginalista della distribuzione" - Dispensa n.3
■ R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill:
Capitolo 3, Scelta razionale del consumatore
{Paragrafi: 3.1, 3.2, 3.3, 3.4 e Appendice 3}
Capitolo 4, Domanda individuale e domanda di mercato
{Paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5 e 4.6}
Capitolo 10, Costi
{Paragrafi: 10.1, 10.2, 10.5, 10.6, 10.7 e Appendice 10}
Capitolo 11, Concorrenza perfetta
{Paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.8, 11.9 e 11.12}
Capitolo 12, Il monopolio
{Paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6 e 12.8}
Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi
{Paragrafo 13.4, 13.5, 13.6}
Capitolo 15, Equilibrio generale ed efficienza dei mercati
{Paragrafi: 15.1, 15.2}
■ “Glossario ed Esercizi di Microeconomia” {Gli esercizi saranno svolti durante le esercitazioni}
Type of evaluation
The examination consists of a written test lasting 1 hour and 30 minutes, with two essay questions, four short questions (sometimes closed questions) and two exercises. Students who have obtained a mark of at least 15/30 in the written test are admitted to the oral test, which lasts approximately 10 minutes per student.