Production theory, cost minimization, profit maximization. Firmsì behaviour under different market structures: perfect competition, monopoly, oligopoly, monopolistic competition. Natural monopoly and its regulation.
Detailed information will be provided at the beginning of the course.
Learning Objectives
Knowledge: at the end of the course each student should know the main concepts of economic theory regarding the analysis of firm behaviour. Moreover, each student should know the main market structures in which firms could operate. Skills: students should be able to illustrate simple economic models. They should also be able to solve elementary analytical exercises on the topics of the course.
Prerequisites
Basic concept of calculus and optimization.
Teaching Methods
Lectures, class excercises, meeting with experts of some industrial sector with environmental relevance.
Type of Assessment
Detailed information will be provided at the beginning of the course.