objective of the course is to furnish the basic elements of microeconomic and macroeconomics theories.
Knowledge and understanding: the student should be, first, able to analyse the behaviour of economic operators and the relationships among them in the different market types. The student should also know some key concept of macroeconomics.
Applying knowledge and understanding: the student should apply the acquired theoretical knowledge to real world.
Making judgements: the student should apply a critical approach in the study and should be able to increase autonomously his knowledge.
Comunication: the student must answer with correct use of economic language, in a concise and exhaustive way to the open-ended questions combining the answers (in the requested cases) with an accurate graphical analysis.
Lifelong learning skills: the students must have acquired the basic instruments of microeconomics and macroeconomics and prove to have a good learning level to face the subsequent exams of the course.
Knowledge of basic tools of the graphs’ analysis
Chapters 1,2,3,4,5 (except for paragraph 5.6),6,7,8 (except for paragraph 8.8), 17,18 (only paragraphs 1,2,3,5,6),20 (only paragraphs 1,2,3,5), 23 (only introduction), 24 (only paragraphs 1 and 2), 25 (only paragraphs 1 and 2, 3 and 4).
Additional reading will be provided during the course
I MODULE-26 hours
Consumer’s theory: preferences, utility maximization, optimal choice, individual demand curve; market demand.
II MODULE-26 hours
Firm theory: profit maximization, supply curve, competitive market, monopoly, oligopoly.
III MODULE-20 hours
National domestic product and aggregate expenditure. Money and monetary policies. Inflation. Unemployment. Balance of payment and exchange rate. Mock exam.
lectures and tutorials on some topics
Begg D., Vernasca G, Fisher S., Dornbusch R., Economia, VI edizione, McGraw-Hill
written final exam. The exam consists in open-ended questions on the course themes. It is possible also an oral examination (in some cases) in order to better evaluate the student’s knowledge.