Corso di studio in Economia

The aim of the course in managerial economics is two-fold

-to provide a unifying theme and frame for managerial decision making. The topics are very similar to the micro industrial one, the same theory and models are at work, but the accent is more applied

-to identified and apply the basic decision-making process for managerial decision making

Hence students should be able to understand the basic concept of managerial decision making in a word of risk and uncertainty in application to demand market strategy incentives and asymmetric information. The textbook and the additional material of the course will be rich of cases and experiments in order to show application of the models and of the theory.

The student will understand apply and interpret the different methods and model used in managerial decision making. She will learn how to make judgements about economic systems how to evaluate  a managerial decision and how to deal with decision under risk.

1 Demand Theory CHP 1,2

2 Consumer behaviour and Rational choice 3

3 Estimating demand functions 4

4 Brief revision of production and cost 5,6

5 Market structures Competition (Market Experiment)  Monopoly and Oligiopoly (7,8,11)

6 The use of price discrimination and non linear pricing (9 10)

7 Game theory (theory and experiment)12 

8 Auction (theory and experiment) 13

9 Risk analysis (Theory Experiment and Bias) 14

10 Principal agent issues 15

11 Adverse selection 16

Classroom lectures, discussion of newspaper and scientific article and experiment will constitute the core of the classes. Exercises sessions in classroom and further clarifications during office hours, for students interested to contact the professor.

The exam is bilt over the discussions the partecipatipations in the esperiments run in class and in the  written report over the esperiments themselves. The final vote of the esam is going to be given by the sum of the scores of each of the activities. The students that are non able to follow classes will be do two essays and one report on one of the esperiments. The titles of the elaborates should be agreed before the exam with the professor and uploaded to moodle according to the instruction and format given.

see moodle for the material