Microeconomics
PROF. CARSTEN KRABBE NIELSEN; PROF. FERDINANDO COLOMBO
COURSE AIMS
This course is a graduate level introduction to Microeconomics. It aims to provide
students with a firm grounding in the analytical methods of microeconomic theory
used by economists without being overly mathematical, and to develop a capacity
to apply economic concepts to real-world problems.
COURSE CONTENT
The first part of the course deals with the rational behaviour of the consumer (in
both a certain and an uncertain environment) and of the producer, and the
formation of prices in competitive markets (both in a partial and in a general
equilibrium framework) and in monopolistic markets. The second part of the
course focuses on the characterization of rational behaviour in a strategic
environment (game theory) and on the formation of prices when competition is
imperfect and/or when there is asymmetric information. Special emphasis will be
given to economic applications.
READING LIST
F. COWELL, Microeconomics: Principles and Analysis, Oxford University Press, Oxford-UK,
2006.
P.K. DUTTA, Strategies and Games. Theory and Practic, MIT Press, Cambridge-
Massachusetts, 1999.
A more detailed description of the course content and of the reading list will be made
available on the course web page in Blackboard (http://blackboard.unicatt.it). Some
notes will also be provided where textbook coverage is inadequate.
TEACHING METHOD
This course will put much emphasis on analytical methods of reasoning. Problemsolving exercises will be a crucial learning tool. Problem sets will be assigned on a regular
basis. Active attendance is strongly encouraged.
ASSESSMENT METHOD
There will be a written, closed book exam, which consists of both theoretical questions
and numerical exercises. The final grade may also be based on the results of two written
tests.