Course 2024-2025 a.y.

• Consumption Decisions. 
• Production Decisions and Profit Maximization.
• Competitive Equilibrium and Market Failures.
• Market power and Pricing in Monopoly and Oligopoly.
• Externalities and Public Goods.
• Asymmetric Information.
• Extra topic: Platform Competition

• Analyze market dynamics and decision-making processes of consumers and firms.
• Critically analyze how different competitive conditions affect market outcomes.
• Integrate microeconomic concepts to address contemporary economic challenges such as those presented by digital markets and sustainability.

• Evaluate the effect of public policies on consumers' and firms' incentives.
• Apply game theory to the analysis of firms' market strategies.
• Design regulatory interventions to achieve desirable market outcomes.

• Lectures
• Practical Exercises

The learning experience in this course includes face-to-face lectures, as well as Problem Sets assigned to students throughout the term. These exercises enable students to apply the analytical tools taught during the course. Additionally, students will participate, either individually or in groups, in creating a blog focused on global microeconomics news.

The exam is written and consists of open-ended and exercise questions. The open-ended questions assess students’ ability to:

• Conduct economic reasoning
• Identify various market structures
• Distinguish sources of economic inefficiency

The exercise questions evaluate students’ ability to:

• Apply analytical tools presented during the course
• Understand consumption decisions by individuals and production decisions by firms in markets with varying competitiveness
• Evaluate the effect of public policies on incentives for consumers and firms

Course performance can be evaluated in two ways:

1. A partial exam covering the first part of the course, followed by a final exam covering the second part. Each exam lasts 1 hour and includes exercises and open-ended questions. Each exam is graded on a scale of 0 to 30. The course is passed if both exam grades are at least 18, and the final grade is the average of the two, rounded up. Students who fail can retake the exam in the general format.
2. A general exam lasting 1 hour, covering the entire course, consisting of exercises and open-ended questions. The grade ranges from 0 to 30, and a minimum of 18 is required to pass. Students who fail can retake it in the general format.

Students can earn up to 1 extra point by writing a microeconomics article for the class blog, either individually or in groups of up to three. This assignment assesses their ability to apply course concepts to real-world economic situations and to design regulatory interventions for desirable market outcomes.

• B. DOUGLAS BERNHEIM, D. WHINSTON, Microeconomics, ISBN : 9781307298048.
• Microeconomics, Exercises, Egea, 2020.