Microeconomics (2016/2017)

Course partially running (all years except the first)

Course code
Maria Vittoria Levati
Academic sector
Language of instruction
Teaching is organised as follows:
Activity Credits Period Academic staff Timetable
lezione 7 primo semestre triennali Maria Vittoria Levati
esercitazione 2 primo semestre triennali Simona Cicognani

Lesson timetable

primo semestre triennali
Activity Day Time Type Place Note
lezione Monday 2:00 PM - 3:30 PM lesson Lecture Hall A  
lezione Tuesday 3:40 PM - 5:10 PM lesson Lecture Hall A  
lezione Wednesday 11:50 AM - 1:20 PM lesson Lecture Hall A  
lezione Thursday 10:10 AM - 11:40 AM lesson Lecture Hall A  

Learning outcomes

The aim of the course is to provide appropriate analytical tools for understanding and interpreting the choices of consumption and production in different institutional contexts. The teaching methodology consists of theoretical lectures and tutorials.


Textbook (recommended): "Microeconomia" by Hal R. Varian, Cafoscarina, 2007.
Additional material is available on the e-learning website.

The following program refers to the sixth edition of the textbook (2007).
Consumer Theory:
• Budget constraint (Varian, Chapter 2).
• Preferences and indifference curves (Varian, Chapter 3).
• Utility (Varian, Chapter 4).
• Choice (Varian, Chapter 5).
• Demand (Varian, Chapter 6).
• Slutsky equation (Varian, Chapter 8).
• Buying and selling (Varian, Chapter 9).
• Intertemporal Choice (Varian, Chapter 10).
• Choice under uncertainty (Varian, Chapter 12).
• Consumer's Surplus (Varian, Chapter 14).
• Market demand and elasticity (Varian, Chapter 15).
• Equilibrium (Varian, Chapter 16).

Production Theory:
• Technology (Varian, Chapter 18).
• Profit maximization (Varian, Chapter 19).
• Cost minimization (Varian, Chapter 20).
• Cost Curves (Varian, Chapter 21).

Market structure:
• Perfect competition in the short and the long term (Varian, Chapters 22 and 23).
• Monopoly (Varian, Chapter 24).
• Oligopoly (Varian, Chapter 27).

• Nash equilibrium and Game Theory (Varian, Chapter 28).
• Exchange (Varian, Chapter 31).
• Asymmetric information (Varian, Chapter 37).

Assessment methods and criteria

There will be an intermediate written exam (about halfway through the semester). This exam focuses on the topics covered up to that point. It consists of a test of multiple-choice questions (some of which will take the form of exercises).

The mid-term exam is optional. The score of the mid-term exam will count 50% of the final score. The aim of the intermediate exam is to encourage the students to a systematic study.

The final exam follows the same procedures as the intermediate exam: it consists of a test of multiple-choice questions.

In both the intermediate and final exams, a wrong answer in the multiple-choice questions will have a negative score.