Economics 1

· Provide students with the foundational knowledge to understand the functioning of the economic system as a whole and the behaviour of individual economic agents
· Present the main models and analytical tools of macroeconomics and microeconomics necessary to analyse consumption, saving, production and investment decisions, as well as interactions between markets
· Apply the quantitative and analytical tools of economics to concrete problems, using theoretical models and empirical data to evaluate economic policies and individual behaviours
· Introduce the fundamental concepts of modern and contemporary economic history to understand the evolution of economic institutions, productive systems and economic policies over the long run
· Develop the ability to interpret current economic phenomena in light of theoretical foundations and historical evidence

· Know the fundamental principles of microeconomics and macroeconomics
· Understand the determinants of demand and supply, market structures and the role of public intervention
· Analyse the mechanisms that determine the levels of output, employment and inflation, and acquire the ability to read and interpret the main macroeconomic indicators
· Understand the historical processes of economic and institutional development that led to the formation of modern economies
· Apply theoretical models and historical knowledge to the interpretation of contemporary economic phenomena