Microeconomics - Spring 2025

B.A. in Economics, ESOMAS (Economics Department), UniTO 

SEM0158: First Year, Second Semester

Andrea Gallice, Dino Gerardi and Ignacio Monzón 

Textbook

The textbook for this class is Hal Varian, Intermediate Microeconomics: A Modern Approach, Norton & Company, 2019

Topics

I cover two topics:

1. Partial Equilibrium  (Chapters 1, 14, 15 and 16)

2. Production (Chapters 19, 20, 21, 22, 23 and 33)

Practice questions

• Partial Equilibrium (Chapters 14, 15 and 16, updated April 13th, 2025)

Selected answers (few)

• Technology and Profit Maximization (Chapters 19 and 20, updated May 12th, 2024)

Selected answers (few)

• Cost Minimization, Cost Curves and Firm Supply (Chapters 21, 22 and 23, updated May 12th, 2024)

Selected answers (few)

Exams from previous years

• 2024: Second Midterm and Answer Key for the Second Midterm

• 2023: Second Midterm and Answer Key for the Second Midterm

Slides - Partial Equilibrium

• Lecture A1a - Introduction

• Lecture A1b - What's the market (Ch. 1)

• Lecture A1c - The market for apartments (Ch. 1)

• Lecture A1d - Comparative statics (Ch. 1) 

• Lecture A2 - Consumer's surplus (Ch. 14)

• Lecture A3 - Market demand (Ch. 15)

Slides - Production

• Lecture B1 - Technology (Ch. 19)

• Lecture B2 - Profit Maximization 1 (Ch. 20)

• Lecture B3 - Profit Maximization 2 (Ch. 20) - Extra Exercises (Ch. 20)

• Lecture B4 - Cost Minimization (Ch. 21) - Extra Exercises (Ch. 21)

• Lecture B5 - Cost curves (Ch. 22)

• Lecture B6 - Firm Supply (Ch. 23)

Practice questions for topics from other years (not covered in 2025)

• Production (Chapter 33, updated May 12th, 2024)

Selected answers (few)