Marginal analysis. Demand function. Monopoly and price discrimination. Basic game theory and oligopolistic markets.
Course Content
The course introduces to some mathematical tools required for intermediate level courses in economics. In particular the course will cover matrices, functions of several variables, differential calculus and static optimization. Applications to economic problems will be considered.
1) Microeconomia per manager, David M. Kreps, 2005, Egea.
2) Handouts
Learning Objectives
Introducing the essential ideas of the theoretical analysis of competition and some applications of microeconomics to business problems.
Learning Objectives
The goal is to provide the ability to deal with standard optimization problems found in economics.
Prerequisites
The basic ideas of calculus, probability and finance.
Prerequisites
Calculus for functions of one real variable.
Teaching Methods
Lectures and practice classes.
Teaching Methods
Lectures and practice classes.
Further information
None.
Further information
More info, handouts, and other resources are available online on the e-learning site of the University of Florence: http://e-l.unifi.it/.
Login using your enrollment number. At the first access a keyword is required. The keyword will be made known during the first lecture.
Type of Assessment
Written exam with questions and exercises. More informations are available on the course website: e-l.unifi.it
Type of Assessment
Written exam with questions and exercises.
Course program
Marginal analysis. Demand function. Monopoly and price discrimination. Basic game theory and oligopolistic markets. Incentives.
Course program
Choices under uncertainty.
The expected utility model.
Vectors and matrices.
Functions of several variable.
Differential calculus for functions of several variables.
Unconstrained maximization.
Constrained maximization
Applications: utility maximization and the demand functions, cost minimization and the supply function; adverse selection and moral hazard.