SECS-P/01 - 9 CFU - 2° Semester

Teaching Staff


Learning Objectives

Knowledge and understanding

The course aims at presenting the advanced economic models about production (in particular, the canonical dual theory of production under perfect competition) and the main (advanced) models of imperfect competition. A relevant part of the course resorts to game theory tools; Advanced models of consumer theory;

Applying knowledge and understanding

The student has to be able to apply the theoretical knowledge acquired in order to analyse specific case studies (concerning production choice and market strategies), and numerical exercises. The case studies and the numerical exercises are provided by the teacher during the lectures;

Making judgments

The student will be able to understand which theoretical model is the most appropriate to describe and analyse real situation. He/she will be also able to understand pros and cons of different models, along with their weakness and strength points;

Communication skills

During the course the student has to improve and develop the knowledge of a technical and economic language (with particular reference to production and market strategies) ; the student has to use it in an appropriate way as an useful instrument of communication, especially with the aim of introducing herself /himself in the job market;

Learning skills

The student will be able to understand which theoretical concept is appropriate to deal with specific cases from the real world and from experimental evidence: He/she will be able to solve and analyse numerical exercises.

Course Structure

Frontal lessons and exercises

Detailed Course Content

The production function.
Cost minimization and profit maximization.
The market forms.
Price dynamics under uncertainty.
The economics of contracts.
Market Design.
The consumer analysis according to the c.d. Experimental Economics.
The choices of economic agents under uncertainty.
The principal-agent theory.

Textbook Information

F. Munoz-Garcia, 2017, Advanced Microeconomic Theory: An Intuitive Approach With Examples. The MIT Press.
During the lectures further reference texts will be indicated (chapters of manuals and research papers).

Open in PDF format Versione in italiano