Objective of the course is to introduce the fundamentals of micro and macroeconomic theory through theoretical and practical lectures. The first part of the course is devoted to the analysis of the choices of economic agents and of the main market structures (perfect competition, monopoly and oligopoly). The second part is devoted to the study of the functioning of the economy as a whole. In particular, this part will deal with the main elements of national accounting and of financial and monetary economics in both closed and open economy.
Expected learning outcomes
Al the end of this course (composed by theoretical lectures and practical sessions) the student will be able to: (1) autonomously analyse and critically understand microeconomic situations, such as competition, and macroeconomic, such as inflation, unemployment, and growth of GDP in time; (2) to understand the maximizing rationale of economic agents; (3) to assess the impact of economic policies in the economy.
The purpose of the course is to introduce students to the basic principles of macroeconomics and microeconomics. On the microeconomic side, the course analyzes the functions of individual decision makers, both consumers and producers, covering three different types of market structures: perfect competition, monopoly and oligopoly. On the macroeconomic side, the course analyzes the aggregate supply and aggregate demand model, starting from the construction of the IS-LM model, in order to explain the determination of the equilibrium national output and the general price level, both in the short run and in the long run.
Prerequisites for admission
Foundations in algebra and geometry
Face-to-face classes with slides and electronic blackboard support.
N.G. Mankiw; M.P. Taylor, Principi di Economia, (7th italian edition), Zanichelli, 2018. N. Corrocher; T. Foresti Principi di Economia - Problemi di Micro e Macroeconomia, last edition, Egea. Further materials will be available on the course website.
Assessment methods and Criteria
Written exam, according to the official calendar. The exam consists of 8 "True/False" questions (16 points overall) and 4 problems (14 points overall).