Fundamentals of Economics
A.Y. 2020/2021
Learning objectives
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.
Lesson period: Second trimester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
Single session
Responsible
Lesson period
Second trimester
The course will be held online. The students can follow the lectures as from the official time schedule by using the web platform TEAMS or other platforms if the teacher so requires; the updates on the teaching format shall be posted in due time in the website Ariel. unimi.it
Exams shall be held in class if the sanitary situation allows it. Updates on the examination form shall also be posted in the website ariel.unimi.it
Exams shall be held in class if the sanitary situation allows it. Updates on the examination form shall also be posted in the website ariel.unimi.it
Course syllabus
The first part is devoted to the Microeconomic analysis. Starting with an introduction of fundamental principles, the course will then dwell on how to use graphics in Economics, to the analysis of market functioning, to the decisional process of consumers and producers; monopoly and finally public goods and externalities.
The second part is devoted to Macroeconomics. It will clarify the concepts and aims of national accounting, then the long run growth pheomena and short run economic fluctuations. The role of money and of the banking system will be analyzed. Finally, fiscal and monetary policies shall be discussed.
The second part is devoted to Macroeconomics. It will clarify the concepts and aims of national accounting, then the long run growth pheomena and short run economic fluctuations. The role of money and of the banking system will be analyzed. Finally, fiscal and monetary policies shall be discussed.
Prerequisites for admission
No prerequirements.
Teaching methods
Lectures with slides and web platform TEAMS. Slides shall also be posted in the website Ariel.unimi.it in the dedicated page.
Teaching Resources
-Krugman, Paul e Robin Wells: "L'essenziale di economia". Zanichelli, Bologna 2018 (third italian edition)
- additional slides from Ariel.unimi.it
- additional slides from Ariel.unimi.it
Assessment methods and Criteria
Writen exam in the dates that will appear in the official calendar. The exam consits of multiple choice questions and one exercise.
SECS-P/01 - ECONOMICS - University credits: 12
Lessons: 80 hours
Professors:
Garella Paolo, Maltese Ila Stefania
Professor(s)