MICROECONOMICS

Description

The course aims to introduce the foundations of economic theory. The course studies the decision-making process of individuals and companies and their interactions in both competitive and imperfectly competitive markets. The course also looks at the effects of various business decisions and policy actions on the way firms compete. After the presentation of different topics, through exercises and discussions of actual cases, you will be able to understand various problems related to the functioning of markets. The Market Forces of Supply and Demand Elasticity and Its Application Government Policies The Costs of Production Firms in Competitive Markets Monopoly Monopolistic Competition Game Theory Oligopoly Collusion Mergers Antitrust Policies Exchange/course-load context: The official incoming exchange catalogue states that 30xxx codes refer to undergraduate courses, 20xxx and 21xxx codes refer to graduate courses, and 50xxx codes refer to the Integrated Master of Arts in Law. Undergraduate exchange students are allowed to select undergraduate-level courses only; graduate students can choose both undergraduate and graduate level courses. Bocconi credits are ECTS-equivalent. Each Bocconi credit corresponds to 25 hours of workload, including 8 lecture hours.