PRINCIPLES OF ECONOMICS
(objectives)
The main aim of the course is to provide the basic elements of political economy in the fields both of microeconomics (theories of consumption, of production, of prices and market forms) and macroeconomics (determination of national income, markets of goods, money and labor, introduction to the open economy and to international economic relations).
At the end of the course, students
- will have become familiar with the fundamental categories of economic analysis, also through the basic knowledge of approaches and differences within economic modeling;
- will be able to focus both in a micro and macro economic key the relevance of behaviors and choices of economic agents and the interdependence between markets in determining national income.
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Code
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21210241 |
Language
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ITA |
Type of certificate
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Profit certificate
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Credits
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10
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Scientific Disciplinary Sector Code
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SECS-P/01
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Contact Hours
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66
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Type of Activity
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Basic compulsory activities
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Group: A - D
Teacher
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CAUSI MARCO
(syllabus)
1. Introduction to political economy 2. A look to the global, European and Italian economy 3. National accounts and economic indicators Part I – Introduction to macroeconomics 4. Income-expenditure model 5. Money and financial markets 6. IS-LM model Part II – Introduction to microeconomics 7. Consumption 8. Production 9. Perfect competition 10. Monopoly 11. Monopolistic competition 12. Oligopoly 13. Labor market Part III – Intermediate macroeconomics 14. AD-AS model 15. Inflation, unemployment, Phillips curve 16. Exchange rates and balance of payments 17. Macroeconomics of open economies 18. Economic growth Part IV – Intermediate microeconomics 19. General equilibrium, equity and efficiency 20. Externalities and market failures 21. Public sector economics
(reference books)
David Begg, Gianluigi Vernasca, Stanley Fischer e Rudiger Dornbush, Economia, McGrawHill,Milano, 2018 Supplementary notes in the slides of lectures available in the Moodle page of the course
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Dates of beginning and end of teaching activities
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From 01/03/2022 to 31/05/2022 |
Delivery mode
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Traditional
At a distance
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Attendance
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not mandatory
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Evaluation methods
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Written test
Oral exam
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Group: E - O
Teacher
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Potestio Maria Paola
(syllabus)
The course consists of two modules.
First module: Microeconomics * Introduction to demand, supply and market * The elasticity of the demand curve * The theory of consumer choice and demand * The theory of supply: the basic categories * The theory of supply: technology and costs * Perfect competition and monopoly * Imperfect competition and oligopoly * Hints on welfare economics
Second module: Macroeconomcs * The national product. Aggregate expenditure * Money and money market equilibrium * The open economy * The IS-LM model. Action and effects of fiscal policy and monetary policy * The labor market. The aggregate supply and medium-term adjustments * Inflation
(reference books)
David Begg - Gianluigi Vernasca - Stanley Fischer - Rudiger Dornbusch Economics
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Dates of beginning and end of teaching activities
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From 01/03/2022 to 31/05/2022 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
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Group: P - Z
Teacher
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GIULI FRANCESCO
(syllabus)
Microeconomics: Part 1: Basic concepts (chapters 1, 2, 3) - The Central Concepts of Economic - Basic Elements of Supply and Demand
Parte 2: Supply, demand and competitive markets (chapters 4, 5, 6, 7) - Demand and consumer behavior - Production and technology - Analysis of costs - Competitive equilibrium
Part 3: Imperfect competition (chapters 8, 9, 10, 11, 12) - Imperfect competition and monopoly - Oligopoly and game theory - Factor markets
Macroeconomics Introduction - What is Macroeconomics - Some elements of the System of National Accounts
Part 1: The Short Run - The Goods Market - Financial Markets - The IS-LM Model
Part 2: The Medium Run - The Labor Market - The Phillips Curve, the Natural Rate of Unemployment, and Inflation - The IS-LM-PC Model
Part 3: Extensions - The open economy and the Exchange Rate Regimes
(reference books)
- Paul Samuelson and William Nordhaus "Economics" ed. Mc Graw Hill - Olivier Blanchard "Macroeconomics". ed. Pearson
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Dates of beginning and end of teaching activities
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From 01/03/2022 to 31/05/2022 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
Oral exam
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