Microeconomics and Macroeconomics

A.Y. 2023/2024
12
Max ECTS
80
Overall hours
SSD
SECS-P/01 SECS-P/02
Language
Italian
Learning objectives
In line with the general objectives of the Degree Cours,this course aims to develop knowledge on the main themes and instruments of microeconomic and macroeconomic analysis.

The first module provides the basics of microeconomics so that students can understand the basics mechanism of consumption and production theory and the competitive market framework.
The second module provides the instruments of macroeconomics analysis: ISLM model of income determination and the role of fiscal and monetary policy.
Expected learning outcomes
At the end of the course, students will master: the theory of consumption; the theory of production; perfect competition, monopoly and oligopoly; model of income and employment determination in the short term; medium term analysis of inflation and income fluctuations; long term growth determinants.
Single course

This course can be attended as a single course.

Course syllabus and organization

Single session

Responsible
Lesson period
First trimester
Prerequisites for admission
No
Assessment methods and Criteria
Written exam with multiple choice questions, open questions and exercises.
Modulo 1
Course syllabus
MICROECONOMICS
(references in parentheses to chapters in the textbook)

Think like economists (chapter 1)
Supply and demand (chap. 2)
The rational choice of the consumer (chapter 3)
Individual demand and market demand (chap. 4)
Applications of rational choice and demand theories (chap. 5)
Production (chap. 9)
Costs (chap. 10)
Perfect competition (chapter 11)
The monopoly (chapter 12)
Factor Markets (chapter 14)
Notes on externalities and public intervention (chapters 16 and 17)
Teaching methods
Frontal lectures.
Teaching Resources
Textbook:
MICROECONOMIA 8/ED di Robert H. Frank, Edward Cartwright

Exercises
Exercises books will be suggested by the teacher at the beginning of the course and indicated on the ARIEL website of the course.
Modulo 2
Course syllabus
MACROECONOMICS

The Goods Market (chap. 3)
Financial Markets (chap. 4)
Goods and Financial Markets: the IS-LM Model (chap. 5)
Financial Markets II: the extended IS-LM Model (chap. 6)
The Labor Market (chap. 7)
The Phillips Curve, the Natural Rate of Unemployment, and Inflation (chap. 8)
From the Short to the Medium Run: the IS-LM-PC model (chap. 9)
Opening of the goods and financial markets (chap. 17)
The market for goods in an open economy (chap. 18)
Output, interest rate and exchange rate (chap. 19)
Exchange rate regimes (chap. 20)
Teaching methods
Frontal lectures.
Teaching Resources
Texbook
Olivier Blanchard, Alessia Amighini, Francesco Giavazzi. Macroeconomia Una prospettiva europea. Il Mulino.

Exercises
Exercises books will be suggested by the teacher at the beginning of the course and indicated on the ARIEL website of the course.
Modulo 1
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 40 hours
Modulo 2
SECS-P/02 - ECONOMIC POLICY - University credits: 6
Lessons: 40 hours
Educational website(s)
Professor(s)
Reception:
Wednesday 4.30pm-6.30pm by appointment, unless otherwise stated in "who and where". Office hours will resume on January 17th.
MS Teams or in presence (office nr. 21 DEMM)