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
scheda docente
materiale didattico
Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Programma
Detailed program by chapters.Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Testi Adottati
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillModalità Erogazione
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityModalità Frequenza
Lectures in classModalità Valutazione
Written with exercises and questions
scheda docente
materiale didattico
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programma
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Testi Adottati
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Modalità Erogazione
The course is taught in the traditional way, with lessons and exercises.Modalità Valutazione
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
scheda docente
materiale didattico
Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Programma
Detailed program by chapters.Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Testi Adottati
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillModalità Erogazione
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityModalità Frequenza
Lectures in classModalità Valutazione
Written with exercises and questions
scheda docente
materiale didattico
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programma
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Testi Adottati
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Modalità Erogazione
The course is taught in the traditional way, with lessons and exercises.Modalità Valutazione
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
scheda docente
materiale didattico
Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Programma
Detailed program by chapters.Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Testi Adottati
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillModalità Erogazione
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityModalità Frequenza
Lectures in classModalità Valutazione
Written with exercises and questions
scheda docente
materiale didattico
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programma
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Testi Adottati
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Modalità Erogazione
The course is taught in the traditional way, with lessons and exercises.Modalità Valutazione
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
scheda docente
materiale didattico
Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Programma
Detailed program by chapters.Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Testi Adottati
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillModalità Erogazione
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityModalità Frequenza
Lectures in classModalità Valutazione
Written with exercises and questions
scheda docente
materiale didattico
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programma
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Testi Adottati
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Modalità Erogazione
The course is taught in the traditional way, with lessons and exercises.Modalità Valutazione
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
scheda docente
materiale didattico
Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Programma
Detailed program by chapters.Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Testi Adottati
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillModalità Erogazione
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityModalità Frequenza
Lectures in classModalità Valutazione
Written with exercises and questions
scheda docente
materiale didattico
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programma
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Testi Adottati
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Modalità Erogazione
The course is taught in the traditional way, with lessons and exercises.Modalità Valutazione
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.Canali
scheda docente
materiale didattico
Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Programma
Detailed program by chapters.Part 1. Introduction
Chapter 1. Thinking as an economist (all)
Chapter 2. Supply and Demand (All)
Part 2. Consumer theory.
Chapter 3. Rational consumer choice (all but par. 3.5)
Chapter 4. The utility function (all except par. 4.6.4)
Chapter 5. The applications of rational choice and demand: paragraphs 5.4 and 5.4.1 only.
Part 3. Business theory and market structure.
Chapter 9. Production (all). Appendix to Chapter 9: A.9.1, A.9.2, A.9.2 only
Chapter 10. Costs (all except Section 10.7)
Chapter 11. Perfect competition (all except 11.11.1, 11.12.1, 11.12.2, 11.12.3, 11.14)
Chapter 12. Monopoly (all but paragraph 12.9)
Testi Adottati
R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-HillModalità Erogazione
Written, oral examination at the discretion of the teacher. According to the guidelines of the UniversityModalità Frequenza
Lectures in classModalità Valutazione
Written with exercises and questions
scheda docente
materiale didattico
- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Programma
Elements of the theory of production- inputs, outputs and production methods
- the subsistence economy
- the economy with a surplus
The surplus approach to commodity value and income distribution
- the relevance of social and institutional elements to income distribution
- the explanation of the real wage rate
- the "core" of the classical approach
- the link between profit rate and relative prices
- the price equations
- the classical theory of rent
The theory of consumer choice
- budget set and budget constraint
- preferences
- consumer choice
- consumer-good demand curves
The theory of firm choice
- the function of production
- profit maximisation
- isoquants and isocosts
- the output expansion path and long-term cost curves
Production factors and the marginalist explanation of income distribution
- marginal and average productivity of factors
- the demand curves of factors of production
- equilibrium between supply and demand for factors of production
Market forms
- perfect competition
- monopoly
- Cournot oligopoly
- Stackelberg oligopoly
Introduction to the welfare economics
- allocations and Edgeworth box
- Pareto improvements and Pareto optima
- first theorem of welfare economics
Testi Adottati
i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).
Modalità Erogazione
The course is taught in the traditional way, with lessons and exercises.Modalità Valutazione
The examination of microeconomics involves a written test and an oral test. The written test lasts 1h 30' and consists of three parts: i) long questions; ii) short questions; iii) exercises. Admission to the oral test requires a grade of at least 15/30 on the written test. The oral test consists of a discussion of the written text and a question.