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 - C
Derived from
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21210241 PRINCIPLES OF ECONOMICS in Economics and business administration L-18 A - C CAUSI MARCO
(syllabus)
Part I - Introduction and National accounts 0. Introduction to political economy. Organization of the class 1. National accounts 2. Economic indicators Part II - Macroeconomics (short run) 3. Income-expenditure model in a closed economy 4. Income-expenditure model in an open economy 5. Money and financial markets 6. IS-LM model in a closed economy 7. IS-LM model in an open economy Part III - Microeconomics (consumption, production, markets) 8. Consumption 9. Production and costs 10. Perfect competition 11. Monopoly 12. Oligopoly and introduction to game theory Part IV - Microeconomics (prices, labor market, wages) 13. Prices 14. Labor market 15. Wages Part V – Macroeconomics (medium run) 16. AD-AS and PS-WS models 17. Inflation and unemployment 18. Exchange rates regimes Part VI - Intermediate political economy 19. Economic growth 20. Economic general equilibrium, Keynes, classical theory
(reference books)
O. Blanchard, A. Amighini, F. Giavazzi, Macroeconomia, Il Mulino, last edition, cap. 1,2,3,4,5,7,8,10,11,17,18,19,20 R. H. Frank, Microeconomia, McGraw Hill Italia, last edition, cap. 3,4,9,10,11,12,13.4,13.5,15.2,15.7 The basic materials for studying are contained in the slide of the lectures, available on the Moodle site of the course
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Dates of beginning and end of teaching activities
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From 01/03/2023 to 31/05/2023 |
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: D - K
Derived from
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21210241 PRINCIPLES OF ECONOMICS in Economics and business administration L-18 A - C CAUSI MARCO
(syllabus)
Part I - Introduction and National accounts 0. Introduction to political economy. Organization of the class 1. National accounts 2. Economic indicators Part II - Macroeconomics (short run) 3. Income-expenditure model in a closed economy 4. Income-expenditure model in an open economy 5. Money and financial markets 6. IS-LM model in a closed economy 7. IS-LM model in an open economy Part III - Microeconomics (consumption, production, markets) 8. Consumption 9. Production and costs 10. Perfect competition 11. Monopoly 12. Oligopoly and introduction to game theory Part IV - Microeconomics (prices, labor market, wages) 13. Prices 14. Labor market 15. Wages Part V – Macroeconomics (medium run) 16. AD-AS and PS-WS models 17. Inflation and unemployment 18. Exchange rates regimes Part VI - Intermediate political economy 19. Economic growth 20. Economic general equilibrium, Keynes, classical theory
(reference books)
O. Blanchard, A. Amighini, F. Giavazzi, Macroeconomia, Il Mulino, last edition, cap. 1,2,3,4,5,7,8,10,11,17,18,19,20 R. H. Frank, Microeconomia, McGraw Hill Italia, last edition, cap. 3,4,9,10,11,12,13.4,13.5,15.2,15.7 The basic materials for studying are contained in the slide of the lectures, available on the Moodle site of the course
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Dates of beginning and end of teaching activities
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From 01/03/2023 to 31/05/2023 |
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: L - P
Derived from
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21210241 PRINCIPLES OF ECONOMICS in Economics and business administration L-18 L - P ROMANIELLO DAVIDE
(syllabus)
Introductory lesson 1. Origin and development of political economy: the classical school, the marginalist school and the Keynesian revolution Macroeconomics 1. National accounts 2. Economic and labor market indicators 3. The income-expenditure model 4. The IS-LM model 5. The WS-PS model and the Phillips curve 6. The IS-LM-PC model 7. Distribution, employment and growth: the post-Keynesian school Microeconomics 2. Theory of consumption to. The rational choice b. Individual and market demand 3. Theory of production to. Production b. Costs 4. Market forms to. The perfect competition b. Monopoly and oligopoly 5. Supply of production factors 6. General Equilibrium 7. Alternative theories: outline
(reference books)
Blanchard, O., Amighini, A., & Giavazzi, F. (2021). Scoprire la macroeconomia. I. Quello che non si può non sapere. Il mulino. https://www.pandoracampus.it/store/details/10.978.8815/366351 R. H. Frank, Microeconomia, McGraw Hill Italia, ultima edizione https://www.mheducation.it/microeconomia-8-ed-con-connect-9788838697067-italy Handouts and papers by the teacher
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Dates of beginning and end of teaching activities
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From 01/03/2023 to 31/05/2023 |
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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Group: Q - Z
Derived from
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21210241 PRINCIPLES OF ECONOMICS in Economics and business administration L-18 Q - Z 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 01/03/2023 to 31/05/2023 |
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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