Teacher
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FRATINI SAVERIO MARIA
(syllabus)
Elements of the theory of production - inputs, outputs and production methods - the subsistence economy - the economy with a surplus The surplus approach to commodity value and income distribution - the relevance of social and institutional elements to income distribution - the explanation of the real wage rate - the "core" of the classical approach - the link between profit rate and relative prices - the price equations - the classical theory of rent The theory of consumer choice - budget set and budget constraint - preferences - consumer choice - consumer-good demand curves The theory of firm choice - the function of production - profit maximisation - isoquants and isocosts - the output expansion path and long-term cost curves Production factors and the marginalist explanation of income distribution - marginal and average productivity of factors - the demand curves of factors of production - equilibrium between supply and demand for factors of production Market forms - perfect competition - monopoly - Cournot oligopoly - Stackelberg oligopoly Introduction to the welfare economics - allocations and Edgeworth box - Pareto improvements and Pareto optima - first theorem of welfare economics
(reference books)
i) "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n. 1 (teaching material written by R. Ciccone, S.M. Fratini e A. Trezzini). ii) "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n. 2 (teaching material written by R. Ciccone, S.M. Fratini e A. Trezzini). iii) "La teoria marginalista della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n. 3 (teaching material written by R. Ciccone, S.M. Fratini e A. Trezzini). iv) R.H. Frank, Microeconomia. McGraw-Hill Libri Italia, Milano. v) "Glossario ed Esercizi Svolti di Microeconomia" (teaching material written by S.M. Fratini e D. Pignalosa).
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