Checking date: 19/12/2017


Course: 2019/2020

Microeconomics I: markets and market failures
(16252)
Study: Master in Industrial Economics and Markets (270)
EPC


Coordinating teacher: CELENTANI , MARCO

Department assigned to the subject: Department of Economics

Type: Compulsory
ECTS Credits: 6.0 ECTS

Course:
Semester:




Students are expected to have completed
Basic calculus.
Competences and skills that will be acquired and learning results.
- Teaches students the standards of precision and rigor in economic analysis and professional communication. - Emphasizes autonomous and group learning. - Familiarizes students with a set of tools appropriate for economic analysis. - Teaches students a methodology to solve the most common decision problems economic agents' face, and explains the basics of competitive markets and general equilibrium theory, as well as the concepts of efficiency and welfare.
Description of contents: programme
1. The basics of supply and demand 2. Preferences and utility; budget constraints; consumer choice 3. Individual demand; income and Substitution effects; aggregate demand 4. Household production and consumption: labor supply 5. Production function; cost minimization 6. Profit maximization; supply function 7. Equilibrium in a competitive economy: exchange, production, efficiency and welfare 8. Applications.
Learning activities and methodology
-Lectures in which the basic material is presented and discussed. Basic textbook references are provided with to complete and deepen students understanding. - Discussion of the solution to practical exercises to provide students with feedback on their level of understanding and difficulties.
Assessment System
  • % end-of-term-examination 60
  • % of continuous assessment (assigments, laboratory, practicals...) 40
Basic Bibliography
  • Austan Goolsbee, Steven Levitt, Chad Syverson. Microeconomics. Worth Publishers. 2013
Recursos electrónicosElectronic Resources *
Additional Bibliography
  • R. Serrano, A. Feldman. A short course in intermediate microeconomics with calculus. Cambridge UP. 2013
  • T. Van Zandt. Firms, prices and markets. http://faculty.insead.edu/vanzandt/teaching/FPM-Aug2012.pdf.. 2013
(*) Access to some electronic resources may be restricted to members of the university community and require validation through Campus Global. If you try to connect from outside of the University you will need to set up a VPN


The course syllabus and the academic weekly planning may change due academic events or other reasons.