000131L - MICROECONOMICS

The course aims to introduce students to an intermediate knowledge of the main methods and results of traditional microeconomic analysis and, in part, to the most recent developments in the discipline. The object of microeconomics is the analysis of the economic behavior of agents such as individuals and firms, of their interaction and the equilibria that it generates, with the final objective of identifying the properties of those balances identified.


Expected learning outcomes:


1) Knowledge and understanding. At the end of the course, the student will be able to understand in depth the behavior of individuals and companies both in conditions of perfect competition and in conditions of imperfect competition, focusing attention on dynamic problems and situations characterized by imperfect information.


2) Ability to apply knowledge and understanding. At the end of the course, the student will be able to rigorously analyze and understand in depth some of the most important issues of microeconomics, with particular attention to the role of information and the strategic behavior of economic agents.


3) Making judgments. The student must be able to understand which of the models studied is the most appropriate for the analysis of real facts, which are the relevant aspects of the different models, which are their pros and cons in terms of usability to descriptive and forecasting purposes.


4) Communication skills. At the end of the course the students will be able to use the economic language in an adequate way, and to expose and rigorously discuss the mathematical relations underlying the models studied.