Università Roma Tre

Part I: Introduction

Part II: Microeconomics
• Demand, supply and the market
• Consumer theory
• Introduction to behavioral economics
• Production theory
• Perfect competition and monopoly
• Imperfect competition and oligopoly
• Introduction to welfare economics

Part III: Macroeconomics
• National output and aggregate expenditure
• IS-LM model
• Monetary and fiscal policy
• Aggregate demand and aggregate supply
• Inflation and unemployment
• Economic growth
• Open economy macroeconomics

David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch, Anna Maria Bagnasco, Anngela Besana. Economics, Mc Graw Hill, VII edition.

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.

Feank, R.H., Cartwright, E. & Piras, R. Microeconomia. Mc Graw Hill (nona edizione), 2024.
Blanchard, Olivier, Alessia Amighini, and Francesco Giavazzi. Macroeconomia. Una prospettiva europea. (2020).

Part I - National accounts
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. Economic growth
Part V – Open economy
19. Balance of payments and exchange rates
20. Income-expenditure model in an open economy
21. IS-LM model in an open economy
22. Exchange rates regimes, European Economic and Monetary Union

O. Blanchard, A. Amighini, F. Giavazzi, Macroeconomia, Il Mulino, last edition, ch. 1, 2, 3, 4, 5, 7, 8, 10, 11, 17, 18, 19, 20
R. H. Frank, Microeconomia, McGraw Hill Italia, last edition, ch. 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 first part of the course is dedicated to the introduction of the fundamental notions of microeconomics analysis, understanding consumers’ and firms’ behaviour and the different types of market structures.
The second part of the course, concerning the study of macroeconomics, is dedicated to the analysis of the functioning of the economic system and economic aggregates such as output, consumption and investment expenditure, employment and inflation.

• Introduction: demand, supply and equilibrium
• Consumer theory: consumer constraints and choices, consumer and market demand
• Production technologies and firm costs
• Market structures: perfect and imperfect competition
• Markets and public intervention
• Introduction to macroeconomics and national accounting
• Unemployment, inflation, consumption and investment
• Financial system and markets
• The model of the multiplier
• The model AS-AD
• The model IS-LM
• Economic growth and development

P.A. Samuelson, W.D. Nordhaus, C.A. Bollino, ECONOMIA, McGraw-Hill, 21^ Edizione.
Additional teaching material prepared by the lecturer (e.g. slides, lecture notes, publications on scientific journals) will be available on the Moodle platform.