De Vincenti C.- Saltari E.-Tilli R. Manuale di Economia Politica, Carocci editore
To obtain the basic microeconomic concepts and tools in order to understand and interpret reality economics
Knowledge of basic mathematical and statistical concepts and notions.
Traditional lectures, slides and class exercises
Additional information will be furnished attending lectures
Type of Assessment
written and oral exam
The nature of economic models. Perfect competitive market: general properties. The Smithian Invisible hand. Changes in the demand and supply curve. Consumer theory: optimal position, substitution and income effect, Engel curve. production theory: costs and nature of the firm. Perfect competitive markets of goods and factors. General Equilibirum and paretian optimality: The limits of invisible hand: asymmetric information , agent rationality, strategic behaviour, non-competive markets, externalities and public goods.