Università Roma Tre

After a brief introduction on the object of anaysis economics, the course is divided into two parts. The first deals with the study of the fundamentals of microeconomics, the second of the fundamentals of macroeconomics.

INTRODUCTION
The principles of economics
The methodology of economic analysis: models and data
Causation and correlation

MICROECONOMICS
The principle of optimization
The model of demand and supply
Consumers and incentives
Consumer surplus and demand elasticity
Companies in a competitive market
Producer surplus and supply elasticity
Perfect competition and efficiency
Externalities and public goods
The role of the State: taxes and regulation
Labour demand
Firms in monopoly
Introduction to game theory and oligopoly
Information asymmetries and information economy

MACROECONOMICS
Macroeconomic aggregates
GDP and other measures of the welfare of nations
The determinants of economic growth: from the Solow model to the theory of endogenous growth
Employment and unemployment
The monetary and credit system
Short-term economic fluctuations: the model of aggregate demand and supply
The determinants of aggregate demand in a closed economy and an open economy: from the Keynesian cross to the IS-LM model

Daron Acemoglu, David Laibson and John A. List
Economics
Pearson
ISBN 9780321391582

Ernesto Lorenzo Felli
Introduzione alla macroeconomia
Giappichelli editore
ISBN 9788834899526

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:
BEGG D., VERNASCA G., FISCHER S., DORNBUSCH R., ECONOMIA, V EDIZIONE; COLLANA CREATE; MCGRAW-HILL EDUCATION; 2017. ISBN 9781307186055.

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

THE COURSE LEVEL APPLICATION, THE PURPOSE OF TEACHING THINKING OF ECONOMISTS. YOU PROVIDE THE NECESSARY TOOLS TO UNDERSTAND, AND INTERPRET CRITICAL ASSESSMENT OF THE MAJOR ECONOMIC PHENOMENA AND THEORIES EXPLAIN THEM. PRESENTS THE COURSE IS THE MACROECONOMIC ANALYSIS IS microeconomic analysis. PARTICULAR ATTENTION TO RECEIVE THE LATTER IS THE SIGNIFICANCE IN THE FIELD OF LAW.

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