PRINCIPLES OF ECONOMICS I (MICROECONOMICS)
Learning outcomes of the course unit
The goal of this course is to make students acquainted with principles, methods and objects of microeconomics.
Course contents summary
Introduction to Microeconomics
Theory of consumer choice
How markets work: demand and supply
Micro in practice: wages and labor supply, interest rates and savings, primary education in Kenya
Markets and welfare
Micro in practice: the cost of taxation, international trade
Firms and market structures
Micro in practice: antitrust policies, OPEC, advertising
Labor market functioning
Micro in practice: inequality, poverty, economics of discrimination
Mankiw, N.G., Principi di Economia - Microeconomia, Zanichelli editore, 2004 (3^ edizione), capp.1-2, 4-21, 22
Written exam. It can be split into two parts while the course is being taught. The marks obtained from the written exam can be integrated through an oral exam reserved to those who have earned at least 18/30 in the written exam. As a result of the oral exam, overall marks may vary by ± 2/30.