Università Roma Tre

Introduction to Economics: Graphs in Economics; trade-offs and exchanges.
Demand and Supply: The demand curve; the supply curve; market equilibrium; consumer surplus and producer surplus; price and quantity controls; elasticity and taxation.
Decision-making processes of individuals: Factors behind the demand curve, preferences, prices, and income; factors behind the supply curve, inputs, and production costs.
Market structures: Perfect competition; monopoly; oligopoly; monopolistic competition.
Other market failures: Externalities and public goods.
Introduction to Macroeconomics: National accounting; unemployment; inflation.
Economic growth: The Solow model.
Aggregate demand and supply: The AD-AS model.
Fiscal policy.
Monetary policy.
International Economics (only for students in the "CdL Magistrale in Giurisprudenza" program): Comparative advantage; international trade; trade policies.

Krugman, Paul R., and Robin Wells, The Essentials of Economics, Bologna, Zanichelli editore, 2025, 4th Ed.
References in the textbook: Chapters 1-20, excluding Chapter 11 (print edition), with the addition of the Appendix "Consumer Theory" (ebook edition).

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.

ADDITIONAL INFORMATION
THE PART OF THE COURSE ON ECONOMIC ANALYSIS OF LAW IS NOT INCLUDED IN THE SYLLABUS OF THE STUDENTS ENROLLED IN SCIENZE DEI SERVIZI GIURIDICI, WHOSE ECONOMICS COURSE SHOULD CONSIST OF 9 CFU

THE TEXTBOOK IS:
David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch, Economia. Sesta edizione; Collana Create; McGraw-Hill Education; 2020. ISBN 978-13-075-3407-8.

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.

The slides presented during classes, a detailed syllabus, the past exam sheets are uploaded on the learning platform of department, called E-learning. Please, find the link on the department site.