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Docente
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PANACCIONE LUCA
(programma)
Syllabus
Demand and Supply Analysis
Consumer Preferences and the Concept of Utility
The Theory of Demand
Inputs and Production Functions
Costs and Cost Minimization
Cost Curves
Perfectly Competitive Markets
Competitive Markets: Applications
Monopoly
Externalities and Public Goods
General Competitive Equilibrium
Extended Syllabus
Analyzing Economic Problems
1.1 Why Study Microeconomics?
1.2 Three Key Analytical Tools
1.3 Positive and Normative Analysis
Demand and Supply Analysis
2.1 Demand, Supply, and Market Equilibrium
2.2 Price Elasticity of Demand
2.3 Other Elasticities
2.4 Elasticity in the Long Run versus the Short Run
Consumer Preferences and the Concept of Utility
3.1 Representations of Preferences
3.2 Utility Functions
3.3 Special Preferences
Consumer Choice
4.1 The Budget Constraint
4.2 Optimal Choice
4.3 Borrowing and Lending
The Theory of Demand
5.1 Optimal Choice and Demand
5.2 Change in the Price of a Good: Substitution Effect and Income Effect
5.3 Change in the Price of a Good: The Concept of Consumer Surplus
5.4 Market Demand
5.5 The Choice of Labor and Leisure
Inputs and Production Functions
6.1 Introduction to Inputs and Production Functions
6.2 Production Functions with a Single Input
6.3 Production Functions with More Than One Input
6.4 Substitutability Among Inputs
6.5 Returns to Scale
6.6 Technological Progress
Costs and Cost Minimization
7.1 Cost Concepts for Decision Making
7.2 The Cost-Minimization Problem
7.3 Comparative Statics Analysis of the Cost-Minimization Problem
7.4 Short-Run Cost Minimization
Cost Curves
8.1 Long-Run Cost Curves
8.2 Short-Run Cost Curves
Perfectly Competitive Markets
9.1 What Is Perfect Competition?
9.2 Profit Maximization by a Price-Taking Firm
9.3 How the Market Price Is Determined: Short-Run Equilibrium
9.4 How the Market Price Is Determined: Long-Run Equilibrium
9.5 Economic Rent and Producer Surplus
Competitive Markets: Applications
10.1 The Invisible Hand, Excise Taxes, and Subsidies
Monopoly
11.1 Profit Maximization by a Monopolist
11.2 The Importance of Price Elasticity of Demand
11.3 Comparative Statics for Monopolists
11.5 The Welfare Economics of Monopoly
11.6 Why Do Monopoly Markets Exist?
Risk and Information
15.1 Describing Risky Outcomesn
15.2 Evaluating Risky Outcomesn
15.3 Bearing and Eliminating Riskn
Externalities and Public Goods
17.1 Introduction
17.2 Externalities
17.3 Public Goods
General Economic Equilibrium
A. Pure Exchenge Economies
B. Production Economies
C. Welfare Theorems
 Main Textbook
D. Besanko and R. Braeutigam, Microeconomics (Fifth Edition), Wiley
Additional reference
H. Varian, Microeconomic Analysis (any edition), W.W. Norton & Company
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