Università Roma Tre

COURSE
Microeconomics: APPROACH economist; SHORTAGE AND EFFICIENCY, DEMAND AND
OFFER; EFFICIENT MARKETS AND REGULATION; CONSUMPTION, PRODUCTION AND COSTS; BUSINESS
AND MARKETS PERFECT COMPETITION, monopoly, oligopoly, monopolistic competition;
Public goods and externalities.
Macroeconomics: NATIONAL ACCOUNTS; GROWTH; CYCLE; DISEASES MACROECONOMIC
(UNDERDEVELOPMENT, INFLATION, UNEMPLOYMENT), ECONOMIC POLICIES, Macroeconomics
OF OPEN SYSTEMS.
PREREQUISITES
NO FORMAL REQUIREMENT, THE BEST BUT THE POSSESSION OF BASIC ALGEBRA
AND GEOMETRY.
REVIEW
DURING THE FIRST HALF OF TEACHING ARE MADE TWO INTERMEDIATE TESTS WHICH ARE
ELEMENT EVALUATION FOR THE FINAL EXAM. The FINAL EXAM IS MADE UP OF A
WRITTEN TEST AND A HEARING IN SEQUENCE.

DAVID BEGG, STANLEY FISHER, RUDIGER DORNBUSCH., ECONOMIA, MCGRAW HILL, ULTIMA EDIZIONE;
ERNESTO FELLI, INTRODUZIONE ALLA MACROECONOMIA, GIAPPICHELLI EDITORE, ult.ed.

THE COURSE CONSISTS OF TWO PARTS

MICROECONOMICS
ECONOMICS AS THE STUDY OF DECISIONS IN THE PRESENCE OF SCARCITY
MARKET DEMAND AND SUPPLY, EQUILIBRIUM PRICE
CONSUMER DECISION MAKING, MARGINAL UTILITY MAXIMIZATION, INDIVIDUAL AND MARKET DEMAND FUNCTION
PRODUCTION IN THE SHORT AND IN THE LONG RUN, PRODUCTION COSTS
PROFIT MAXIMIZATION, MARGINAL EQUALITY BETWEEN COSTS AND REVENUES
PERFECT COMPETITION, PRODUCTION SUPPLY BY A FIRM, FIRM AND MARKET SUPPLY FUNCTION, MARKET EQUILIBRIUM IN THE SHORT AND IN THE LONG RUN
MONOPOLY AND IMPERFECT COMPETITION
ECONOMIC EFFICIENCY AND EQUITY. THE ECONOMIC ROLE OF STATE, INCOME DISTRIBUTION, PUBLIC GOODS, EXTERNALITIES
ECONOMIC THEORY OF PROPERTY LAW. THEOREM OF COASE

MACROECONOMICS
THE SUBJECT AND METHODOLOGY OF MACROECONOMICS, AGGREGATION
GDP DEFINITION: THREE APPROACHES
AGGREGATE EXPENDITURE AND ECONOMIC FLUCTUATIONS, CONSUMPTION FUNCTION, EQUILIBRIUM GDP, EXPENDITURE MULTIPLIER
MONEY, CENTRAL BANK, MONEY MARKET, THE MONETARY POLICY REACTIONS TO FINANCIAL AND REAL SHOCKS
IS-LM MODEL. AGGREGATE DEMAND AND SUPPLY. THE SHORT-RUN EQUILIBRIUM OF PRICES AND OUTPUT. THE LONG-RUN ADJUSTMENT TO DEMAND AND SUPPLY SHOCKS. THE AGGREGATE SUPPLY SCHEDULE IN THE LONG-RUN
ECONOMIC GROWTH, THE ACCUMULATION OF PRODUCTIVE FACTORS, TECHNOLOGICAL PROGRESS
EXCHANGE RATE AND FOREIGN TRADE

TEXTS AND MATERIALS
THE TEXTBOOK IS:
BEGG D., VERNASCA G., FISCHER S., DORNBUSCH R., ECONOMIA, V EDIZIONE; MILANO, MCGRAW-HILL; 2014.

THE PART OF THE COURSE ON THE ECONOMIC ANALYSIS OF LAW WILL DRAW ON A SELECTION OF CHAPTERS FROM:
ROBERT COOTER, UGO MATTEI, PIER GIUSEPPE MONATERI, ROBERTO PARDOLESI, THOMAS ULEN, IL MERCATO DELLE REGOLE. ANALISI ECONOMICA DEL DIRITTO CIVILE. I. FONDAMENTI, SECONDA EDIZIONE; BOLOGNA: IL MULINO; 2006.
ADDITIONAL MATERIALS, SO AS A DETAILED SYLLABUS, WILL BE AVAILABLE IN THE RESERVED AREA OF FACULTY SITE, AT THE PAGE MATERIALE DIDATTICO

COURSE
Microeconomics: APPROACH economist; SHORTAGE AND EFFICIENCY, DEMAND AND
OFFER; EFFICIENT MARKETS AND REGULATION; CONSUMPTION, PRODUCTION AND COSTS; BUSINESS
AND MARKETS PERFECT COMPETITION, monopoly, oligopoly, monopolistic competition;
Public goods and externalities.
Macroeconomics: NATIONAL ACCOUNTS; GROWTH; CYCLE; DISEASES MACROECONOMIC
(UNDERDEVELOPMENT, INFLATION, UNEMPLOYMENT), ECONOMIC POLICIES, Macroeconomics
OF OPEN SYSTEMS.
PREREQUISITES
NO FORMAL REQUIREMENT, THE BEST BUT THE POSSESSION OF BASIC ALGEBRA
AND GEOMETRY.
REVIEW
DURING THE FIRST HALF OF TEACHING ARE MADE TWO INTERMEDIATE TESTS WHICH ARE
ELEMENT EVALUATION FOR THE FINAL EXAM. The FINAL EXAM IS MADE UP OF A
WRITTEN TEST AND A HEARING IN SEQUENCE.

STUDY TEXTS WILL BE INDICATED DIRECTLY BY THE PROFESSOR IN THE CLASSROOM