Essentials of economics

A.Y. 2020/2021
6
Max ECTS
48
Overall hours
SSD
AGR/01
Language
Italian
Learning objectives
Essentials of economics and first knowledge of agriculture and agribusiness by applied instances.
Expected learning outcomes
Conoscenza del linguaggio, del metodo e dei fondamenti dell'economia; capacità di comprensione di articoli, saggi e discussioni inerenti questioni economiche (crescita, debito pubblico, prezzi, ecc.).
Course syllabus and organization

Single session

Lesson period
Second semester
Due to the COVID19, the lessons could be online in synchronous mode (on MicrosoftTeams platform), but also accesible via asynchronous mode (recorded lessons on STREAM).
Course syllabus
1) Introduction (0,5 CFU)
2) Microeconomics (3,5 CFU)
2a - Markets, Demand and Supply
2b - Demand
2c - Elasticity
2d - Markets in Action
2e - Production function, marginal returns, returns to scale
2f - The Supply Decision: costs, incomes and profits
2g - Market Structures
2h - Market Failures and Government Policy
3) Macroeconomics (2 CFU)
3a - The National Economy
3b - Unemployment, Inflation and Growth
3c - Fiscal Policy
3d - Money and Interest Rates
3e - International Trade. Balance of Payments; Exchange Rates.
Prerequisites for admission
No
Teaching methods
Frontal lessons (in italian). The slides of the lessons will be available on Ariel platform.
In order to develop the understanding of articles, essays and debate about economic themes, many examples regarding agribusiness and national/international economies will be proposed in the lessons.
Although not mandatory, class attendance is strongly recommended.
Teaching Resources
Sloman J., Garratt D. - Essentials of Economics, Pearson (also available in Kindle edition). The slides of the lessons are available on Ariel Platform.
Assessment methods and Criteria
A final test through a questionnaire with open and closed questions. Time: 60 minutes. No materials (books, dictionary, etc.) may be used.
Evaluation passes are awarded in thirties, taking into account accuracy (closed questions) and propriety (open questions) of the answers. Evaluation will be send by email. The student may refuse it and repeat the test in the next session.
Exam sessions: the first at the end of the lessons; another two before August; another two on September; another three ones on November, February and April.
AGR/01 - AGRICULTURAL ECONOMICS AND RURAL APPRAISAL - University credits: 6
Lessons: 48 hours