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 D - K D'AGOSTINO GIORGIO
(syllabus)
Part I– Microeconomics: I. Economic Choice; II. Goods and services; III. Markets; IV. Economic equilibrium; V. Demand; VI. Supply; VII. Perfect competition; VIII. Imperfect competition; IX. Labor market; X. Factor markets. Part II – Macroeconomics: I. National accounting; II. The Income-expenditure model; III. Money and financial markets; IV. The IS-LM model; V. Demand-side policies; VI. Inflation and unemployment; VII. Economic growth; VIII. The open economy.
(reference books)
Saltari, Enrico, Giovanni Di Bartolomeo, and Riccardo Tilli. Principi di economia politica. Carocci, 2019.
Blanchard, Olivier, Alessia AMIGHINI, and Francesco Giavazzi. "Macroeconomia. Una prospettiva europea." (2020).
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Dates of beginning and end of teaching activities
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From 01/03/2024 to 31/05/2024 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Group: D - K
Teacher
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D'AGOSTINO GIORGIO
(syllabus)
Part I– Microeconomics: I. Economic Choice; II. Goods and services; III. Markets; IV. Economic equilibrium; V. Demand; VI. Supply; VII. Perfect competition; VIII. Imperfect competition; IX. Labor market; X. Factor markets. Part II – Macroeconomics: I. National accounting; II. The Income-expenditure model; III. Money and financial markets; IV. The IS-LM model; V. Demand-side policies; VI. Inflation and unemployment; VII. Economic growth; VIII. The open economy.
(reference books)
Saltari, Enrico, Giovanni Di Bartolomeo, and Riccardo Tilli. Principi di economia politica. Carocci, 2019.
Blanchard, Olivier, Alessia AMIGHINI, and Francesco Giavazzi. "Macroeconomia. Una prospettiva europea." (2020).
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Dates of beginning and end of teaching activities
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From 01/03/2024 to 31/05/2024 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Group: L - P
Teacher
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CAUSI MARCO
(syllabus)
Part I - Introduction and National accounts 0. Introduction to economics. Organization of the class 1. National accounts 2. Numbers of the economy Part II - Macroeconomics (short run, closed economy) 3. Income-expenditure model in a closed economy 4. Money and financial markets 5. IS-LM model in a closed economy Part III - Microeconomics 6. Consumption 7. Production and costs 8. Perfect competition 9. Monopoly 10. Monopolistic competition, oligopoly, introduction to game theory 11. Free competition and prices 12. Further topics in microeconomics: market failures, uncertainty, asymmetric information, antitrust policies, regulation of natural monopolies, network externalities 13. Labor market 14. Wages Part V – Macroeconomics (medium and long run, closed economy) 15. Demand and supply policies 16. Inflation and unemployment 17. Recession, inflation, deflation 18. Monetary policy rules, algebra of public debt 19. Economic growth Part V – Open economy 20. Balance of payments and exchange rates 21. Income-expenditure model in an open economy 22. IS-LM model in an open economy 23. Exchange rates regimes, European Economic and Monetary Union
(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, 6.2, 6.4.1, 6.4.2, 9, 10, 11, 12, 13.4, 13.5, 13.6.1, 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 01/03/2024 to 31/05/2024 |
Delivery mode
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Traditional
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Attendance
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not mandatory
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Group: Q - Z
Teacher
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SALUSTRI FRANCESCO
(syllabus)
Part I 1. Introduction
Parte II. Microeconomics 3. Consumer theory 4. Production theory 5. Game theory and economics of information 6. Market structure 7. Economic agents behaviour
Part II. Macroeconomics 8. The wealth of nations 9. Growth theory 10. Employment and unemployment 11. Monetary system 12. International trade 13. Open economy
(reference books)
The contents of this course can be found on any microeconomics and macroeconomics textbook for undergraduates. This course will be mostly based on: [ALL] Acemoglu, D., D. Laibson, J.A. List (2020). Principi di economia politica. Teoria ed evidenza empirica. 2a ed., Pearson.
Other suggested readings: [SNB] Samuelson, P.A., D.W. Nordhaus, C.A. Bollino (2006). Economia. Mc Graw Hill, XXI ed. [BBZ] Becchetti, L., L. Bruni, S. Zamagni (2014). Microeconomia. Un testo di economia civile. Il Mulino. [BAG] Blanchard, O., A. Amighini, F. Giavazzi (2020). Macroeconomia. Una prospettiva Europea. Il Mulino.
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Dates of beginning and end of teaching activities
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From 01/03/2024 to 31/05/2024 |
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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