Teacher
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GIANFREDA Giuseppina
(syllabus)
The course will provide the basic theoretical concepts related to individual choices and to their impact on the market process. In particular, the course will deal with the determinants of consumers' and firms' decision-taking with a focus on the relevance of information for economic choice and market equilibrium. The focus of the course is communication in the marketplace. On the one hand the course will analyse the process of information spreading, thus highlighting those factors which favour communication; on the other hand, it will focus on the effects of the accrued information on market equilibrium. The first part of the course will provide the tools for the analysis of market equilibrium, i.e. demand and supply analysis, market mechanisms and consequences of government intervention on prices, the working of the firm within different market structures – competition, oligopoly, monopoly. The second part will deal with the relationship between information and competition.
Lesson plan 1. Consumers behaviour 2. Firms behaviour 3. Market equilibrium 4. Market structure: competition vs. market power 5. Communication and advertising 6. Anti-trust issues
(reference books)
• R.S. Pinkyck and Daniel L. Rubinfeld, Microeconomics, 9th Edition, Pearson (selected chapters). • A list of selected readings, which will be provided on UniTusMoodle.
For information or to be given access to the UniTusMoodle course page please contact the course teacher.
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