ECO0070 - MICROECONOMICS

insegnamento
Tipo Insegnamento:
Ins. uff. con erogazioni e cop.
Durata (ore):
60
CFU:
9
SSD:
ECONOMIA POLITICA
Sede:
BRESCIA
Url:
Business and Economics/percorso comune Anno: 1
Anno:
2025
Course Catalogue:
https://permalink.unibs.it/suacds/afcc/2025?corso=...

Dati Generali

Periodo di attività

Secondo Quadrimestre (02/03/2026 - 09/06/2026)

Syllabus

Obiettivi Formativi

Knowledge and understanding (KU). The course aims to provide the basic interpretive tools for the study of consumer and firm behavior in both partial equilibrium and general equilibrium. The analysis of imperfectly competitive markets and other reasons for market failure provides the rationale for the study of public interventions in markets.

Applying knowledge and understanding apply knowledge (AKU). The student should be able to use the acquired knowledge to solve exercises related to simple mathematical models of rational choice and strategic and competitive equilibrium. He/she should also be able to use the insights developed from the analysis of the models to interpret real facts related to such issues as consumer and business choices, market efficiency, and the role of the state in the economy.

Making judgments (MJ). The student should be able to use the acquired knowledge independently, as partial but useful tools, to form a critical view of the functioning of markets and the role of state intervention in the economy.

Communication skills (CS). The student should be able to understand and use simple logical-mathematical and graphical tools to explain concepts, ideas and implications about the topics covered in the course. He/she should also have the ability to argue logically statements related to the functioning of markets.

Learning skills (LS). The student should develop a study method that integrates theoretical understanding, the ability to solve logical and mathematical exercises, and the use of acquired knowledge to interpret economic facts.

Prerequisiti

In order to best approach this course, a working knowledge of mathematics (including basic calculus) is necessary. In particular, students are advised to review constrained maximization.

Metodi didattici

Teaching is delivered through weekly lectures and classes. Lectures are grounded in formal economic analysis and intended to: (i) provide a conceptual framework for addressing the fundamental questions of microeconomics and exploring specific applications and examples, (ii) help develop critical thinking by discussing models’ assumptions, implications, and limitations, (iii) guide students through the reading material. During the classes, formal problem sets, exercises and graphical tools will be used to help develop analytical skills and the ability to represent and interpret key concepts and results.

Verifica Apprendimento

The final test is a written onsite exam, preset at specific dates (“appelli d’esame”) during the academic year. It includes problem sets, exercises and multiple-choice questions. To pass the final test students need to score at least 18 points out of 31. Maximum point is 31 (equivalent to “Cum Laude”). Knowledge and understanding (KU), and making judgements (MJ) are evaluated via multiple choice questions and problem sets, which require for a correct answer the use of theoretical knowledge and an understanding of models’ underlying assumptions. Applying knowledge and understanding (AKU), learning skills (LS) and communication skills (CS) are evaluated through problem sets and exercises.

Testi

David Besanko and Ronald Braeutigam, Microeconomics, 6th Edition, John Wiley & Sons Inc, 2020. ISBN: 978-1-119-67081-0.

Contenuti

This course covers the fundamentals of microeconomics. It starts by examining how individuals, households and firms make economic choices. For example: if income rises, how will individuals spend their surplus income, and on what? If the price of goods changes, how will households' spending habits change? If energy prices rise, how will businesses react and what will be the impact on the price of goods and services? It then provides the basis for understanding how economic agents interact with each other giving rise to complex systems such as the markets, and how these systems work. Finally, it investigates the main reasons for market failure (market power, asymmetric information, externalities, public goods), and what public interventions can be put in place to address the problems associated with them.

The course is organized as follows:
PART A: The Competitive Equilibrium Model
- Demand and Supply Analysis
- Consumer Theory
- Production and Cost theory
- Market Equilibrium under Perfect Competition
- General Equilibrium Theory
PART B: Market Failures
- Monopoly and Price Discrimination
- Game Theory and Strategic Behaviour
- Oligopoly
- Risk and Information
- Externalities and Public Goods

Lingua Insegnamento

English

Altre informazioni

All relevant information and material (e.g. syllabus, lectures’ slides, problem sets and solutions) will be regularly uploaded on the Moodle page (comunità didattica) "Microeconomics (A.A. 2025)". Non-attendant students have the same requirements and responsibilities as attendant ones; in particular, the final test will be the same for everyone.

Corsi

Corsi

Business and Economics 
Laurea
3 anni
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