Course Details for A.Y. 2015/2016

The information on this page refer to the academic year 2015/2016. Therefore, several links are not available and data may be incomplete. To read the current information on the course, if it is still available, go to the university course catalogue . To read information relating other academic years, use the list at the bottom of this page.

A. Year:

2015/2016

Name:

Economia Applicata All'ingegneria / Engineering Economics

Type:

Course

Basic information

Code:

I0648

Sector:

ING-IND/35

Credits:

: Laurea in Ingegneria dell'Informazione 6 CFU (c)

Term:

1^st semester

Degree(s):

Laurea in Ingegneria dell'Informazione 3^rd anno curriculum Automatica Elective

Language:

Italian

Teacher(s):

Massimo Gastaldi

Course Objectives

The goal of this course is to provide the fundamentals of microeconomics and investment decision. The course begins with an introduction to supply and demand and the basic forces that determine an equilibrium in a market economy. Next, it introduces the study of consumer behavior and analyze consumer decisions. Then we turn our attention to firms and their decisions about optimal production and the impact of different market structures on firm’s behavior. The final section of the course provides an introduction to the more important criteria utilized in investment decisions.

Course Content

Introduction to microeconomics: the market, the demand curve and the supply curve, market equilibrium, Pareto efficiency.
Consumer behavior: the budget constraint, consumer preferences, utility, marginal utility, indifference curves, marginal rate of substitution, consumer optimal choices and consumer demand curve, the inverse demand function, Slutsky equation, consumer’s and producer’s surplus, market equilibrium, Elasticity.
Firm behavior: input and outputs, technological constraints, properties of technology, the marginal product, the technical rate of substitution, profit maximization in the short run and in the long run, cost minimization, cost curves, firm and industry supply.
Market structures: competitive market, monopoly, price discrimination, monopolistic competition, factor market, oligopoly and basic game theory.
Investment decisions: basic criteria for investment analysis such as: Net Present Value, Internal Rate of substitution, Payback period

Learning Outcomes (Dublin Descriptors)

On successful completion of this course, the student should

understand consumer behavior, understand firm behavior
analyze different types of market structures (competitive market, monopoly, oligopoly), have knowledge and understanding of how to apply economic principles to a range of policy questions
demonstrate capacity for reading and understand investment decisions.

Prerequisites and Learning Activities

The student must know the basic notions of Calculus contained in the exams Calculus I and II

Assessment Methods and Criteria

Written and oral exam.

Textbooks

Varian, Microeconomia , Cafoscarina . 2010.

Course page updates

This course page is available (with possible updates) also for the following academic years:

To read the current information on this course, if it is still available, go to the university course catalogue .

Course information last updated on: 21 febbraio 2014, 14:23