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Learning Objectives


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


Microeconomics (intermediate), Mathematics


1. Consumer theory
2. Choice under uncertainty
3. Firm theory
4. General equilibrium


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

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.

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.