Università Roma Tre

1. Theory of firm
1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality

2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements

3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand


4 Perfect competition
4.1 The firm in perfect competition
4.2 Aggregate supply function
4.3 Short and long run equilibrium
4.4 Pareto efficiency
4.5 Efficiency and welfare

5 Monopoly
5.1 Monopolistic firm
5.2 Profit maximization
5.3 First, second, and third degree price discrimination.

6 Oligopoly
6.1 Stackelberg competition
6.2 Cournot competition

R.H. Frank e E. Cartwright (2021) Microeconomia, VIII edizione. Milano: McGraw-Hill

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

i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini).
iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini).
iv) Frank Robert H.; Cartwright Edward; Piras R. Microeconomia. McGraw-Hill Libri Italia, Milano. 2021.
v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).