MICROECONOMICS 1
Syllabus
EN
IT
Learning Objectives
LEARNING OUTCOMES:
KNOWLEDGE AND UNDERSTANDING: knowledge and understading of the main hypothesis and results of neoclassical theory of consumption and production, and of choice under uncertainty
APPLYING KNOWLEDGE AND UNDERSTANDING: ability to use the neoclassical theory of consumption and production, and of choice under uncertainty to illustrate the behavior of economic agents in markets
MAKING JUDGEMENTS: ability to evaluate the robustness of economic arguments in the light of the robustness of the underlying modeling choices
COMMUNICATION SKILLS: ability to illustrate the hypothesis and results of the neoclassical theory of consumption and production, and choice under uncertainty, being aware of limitations and possible applications
LEARNING SKILLS: ability to read, comprehend and evaluate advanced economic theory manuals and papers
KNOWLEDGE AND UNDERSTANDING: knowledge and understading of the main hypothesis and results of neoclassical theory of consumption and production, and of choice under uncertainty
APPLYING KNOWLEDGE AND UNDERSTANDING: ability to use the neoclassical theory of consumption and production, and of choice under uncertainty to illustrate the behavior of economic agents in markets
MAKING JUDGEMENTS: ability to evaluate the robustness of economic arguments in the light of the robustness of the underlying modeling choices
COMMUNICATION SKILLS: ability to illustrate the hypothesis and results of the neoclassical theory of consumption and production, and choice under uncertainty, being aware of limitations and possible applications
LEARNING SKILLS: ability to read, comprehend and evaluate advanced economic theory manuals and papers
Prerequisites
Microeconomics (intermediate), Mathematics
Program
1. Consumer theory
2. Choice under uncertainty
3. Firm theory
4. General equilibrium
2. Choice under uncertainty
3. Firm theory
4. General equilibrium
Books
Main textbooks are:
1. [MWG] Mas-Colell, Whinston and Green (1995). "Microeconomic Theory", Oxford University Press
2. [JR] Jehle and Reny (2011 - 3rd Edition). "Advanced Microeconomic Theory", Pearson
3. [DK] Kreps (2012). "Microeconomic Foundations I - Choice and Competitive Markets", Princeton University Press
1. [MWG] Mas-Colell, Whinston and Green (1995). "Microeconomic Theory", Oxford University Press
2. [JR] Jehle and Reny (2011 - 3rd Edition). "Advanced Microeconomic Theory", Pearson
3. [DK] Kreps (2012). "Microeconomic Foundations I - Choice and Competitive Markets", Princeton University Press
Teaching methods
Traditional lectures plus practice classes for the discussion of the applications of lectures' materials.
Weekly workload is comprised of self-study and problem sets eventually proposed.
Weekly workload is comprised of self-study and problem sets eventually proposed.
Exam Rules
Written exam, with exercises and essay-type questions, which accounts for 60% of the fianle grade. Periodic assessments during the practice classes which account for 40% of the final grade.
The students will be evaluated in their capacity to understand and logically solve complex problems, to apply suitable concepts and definitions to the problems' characteristics, and to develop solutions and proofs solidly grounded in logic arguments.
The final exam will be comprised of questions and exercises on all topics discussed during the course.
The students will be evaluated in their capacity to understand and logically solve complex problems, to apply suitable concepts and definitions to the problems' characteristics, and to develop solutions and proofs solidly grounded in logic arguments.
The final exam will be comprised of questions and exercises on all topics discussed during the course.