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B030705 - ADVANCED MICROECONOMICS
Principali informazioni
Lingua Insegnamento
Contenuto del corso
Libri di testo consigliati
Obiettivi Formativi
Prerequisiti
Metodi Didattici
Modalità di verifica apprendimento
Programma del corso
Anno Accademico 2021-22
Coorte 2021 - Laurea Magistrale in ECONOMICS AND DEVELOPMENT- ECONOMIA POLITICA E SVILUPPO ECONOMICO
Anno di corso
Primo Anno - Secondo Semestre
Dipartimento di Afferenza
Scienze per l'Economia e l'Impresa
Tipo insegnamento
Attività formativa monodisciplinare
Settore Scientifico disciplinare
SECS-P/01 - ECONOMIA POLITICA
Crediti Formativi
6
Ore Didattica
48
Periodo didattico
21/02/2022 ⇒ 31/05/2022
Frequenza Obbligatoria
No
Tipo Valutazione
Voto Finale
Contenuto del corso
mostra
Programma del corso
mostra
Docenza
Lingua Insegnamento
English
Contenuto del corso
Monopoly and oligopoly theory. Repeated games. Asymmetric information and market failures.
Libri di testo consigliati (Cerca nel catalogo della biblioteca)
ecture notes provided by the instructor.
The two following textbooks can be useful references.
Jehle, G.A., Reny, P.J., 2011. Advanced Microeconomic Theory (3rd Edition), Pearson.
Mas-Colell, A., Whinston, M.D., Green, J.R., 1995. Microeconomic Theory, Oxford University Press
The two following textbooks can be useful references.
Jehle, G.A., Reny, P.J., 2011. Advanced Microeconomic Theory (3rd Edition), Pearson.
Mas-Colell, A., Whinston, M.D., Green, J.R., 1995. Microeconomic Theory, Oxford University Press
Obiettivi Formativi
The aim of the course is to present the basic theory of monopoly, oligopoly and asymmetric information in a formally rigorous framework.
Prerequisiti
Basic Probability Theory, Calculus for functions of several variables. Content of the course of Microeconomics I.
Metodi Didattici
Classroom lectures
Modalità di verifica apprendimento
Final written examination (two hours and a half) followed by a short oral exam. A mid-term exam will be held that will enable students to split the exam in two parts.
Programma del corso
Game Theory: Repeated games.
Monopoly: Basic theory. Price discrimination. Regulation of a natural monopoly. Oligopoly: Cournot and Bertrand competition.
Asymmetric information and market failures. Adverse selection. Signalling. Screening. Principal- agent models with i) hidden action ii) hidden information. Discussion and applications of the principal-agent model.
Monopoly: Basic theory. Price discrimination. Regulation of a natural monopoly. Oligopoly: Cournot and Bertrand competition.
Asymmetric information and market failures. Adverse selection. Signalling. Screening. Principal- agent models with i) hidden action ii) hidden information. Discussion and applications of the principal-agent model.