Main themes

The aim, in this extension to microeconomics courses, is to analyse the imperfections and failures of the labour market with a view to determining the areas in which a form of organisation of economic relations is required, in order to correct the conditions of the market, or to complement its mechanisms.
To examine various aspects of anti-trust policy and industrial policy capable of dealing with the problems that often arise. The overall objective is to establish links between the functioning of industrial economies and the various forms of organisation that characterise them.

Content and teaching methods

Content
The main sections of the course will be:
1. the introduction (the economic crisis and new regulations);
2. the model of perfect competition and the Pareto optimum;
3. the imperfections of market structures in mixed economies;
4. anti-trust policies;
5. the limitations of the Pareto criterion;
6. the failures of the market economy in mixed economies:
a. external effects and the Coase theorems;
b. public goods;
c. natural monopoly;
d. increasing output and the Ramsey-Boiteux theorem;
e. distributive justice and the Rawls theorem;
f. risk and uncertainty;
7. the institutional setting of the concerted economy (kinds of public economic agent and the principal functions);
8. economic concertation;
9. industrial policies.
Methodology
The course is based on lectures complemented by reading.

Other credits in programs