21210528 - Political economy

The main aim of the course is to provide the basic elements of political economy in the fields both of microeconomics (theories of consumption, of production, of prices and market forms) and macroeconomics (determination of national income, markets of goods, money and labor, introduction to the open economy and to international economic relations).

At the end of the course, students
- will have become familiar with the fundamental categories of economic analysis, also through the basic knowledge of approaches and differences within economic modeling;
- will be able to focus both in a micro and macro economic key the relevance of behaviors and choices of economic agents and the interdependence between markets in determining national income.

Canali

Fruizione: 21210241 ECONOMIA POLITICA in Economia e gestione aziendale L-18 A - C Feduzi Alberto

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Fruizione: 21210241 ECONOMIA POLITICA in Economia e gestione aziendale L-18 D - K D'AGOSTINO GIORGIO

Programme

Microeconomics - Chapters 1, 2, 3, 4, 9, 10, 11, 12, and 14
Macroeconomics - Chapters 3, 4, 5, 6, 7, 8, 9, 12, and 13

Core Documentation

Feank, R.H., Cartwright, E. & Piras, R. Microeconomia. Mc Graw Hill (nona edizione), 2024.
Blanchard, Olivier, Alessia Amighini, and Francesco Giavazzi. Macroeconomia. Una prospettiva europea. (2020).


Attendance

Not mandatory

Type of evaluation

Exam with multiple choice questions, open questions, and exercises.

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Fruizione: 21210241 ECONOMIA POLITICA in Economia e gestione aziendale L-18 L - P CAUSI MARCO, PALUMBO ANTONELLA, FRATINI SAVERIO MARIA

Programme

Part I - National accounts
1. National accounts
2. Numbers of the economy
Part II - Macroeconomics (short run, closed economy)
3. Income-expenditure model in a closed economy
4. Money and financial markets
5. IS-LM model in a closed economy
Part III - Microeconomics
6. Consumption
7. Production and costs
8. Perfect competition
9. Monopoly
10. Monopolistic competition, oligopoly, introduction to game theory
11. Free competition and prices
12. Further topics in microeconomics: market failures, uncertainty, asymmetric information, antitrust policies, regulation of natural monopolies, network externalities
13. Labor market
14. Wages
Part V – Macroeconomics (medium and long run, closed economy)
15. Demand and supply policies
16. Inflation and unemployment
17. Recession, inflation, deflation
18. Economic growth
Part V – Open economy
19. Balance of payments and exchange rates
20. Income-expenditure model in an open economy
21. IS-LM model in an open economy
22. Exchange rates regimes, European Economic and Monetary Union



Core Documentation

O. Blanchard, A. Amighini, F. Giavazzi, Macroeconomia, Il Mulino, last edition, ch. 1, 2, 3, 4, 5, 7, 8, 10, 11, 17, 18, 19, 20
R. H. Frank, Microeconomia, McGraw Hill Italia, last edition, ch. 3, 4, 6.2, 6.4.1, 6.4.2, 9, 10, 11, 12, 13.4, 13.5, 13.6.1, 15.2, 15.7


Attendance

Frequency is recommended but not mandatory

Type of evaluation

Final evaluation through written examination (exercises and compositions) and oral discussion

Fruizione: 21210241 ECONOMIA POLITICA in Economia e gestione aziendale L-18 L - P CAUSI MARCO, PALUMBO ANTONELLA, FRATINI SAVERIO MARIA

Fruizione: 21210241 ECONOMIA POLITICA in Economia e gestione aziendale L-18 L - P CAUSI MARCO, PALUMBO ANTONELLA, FRATINI SAVERIO MARIA

Fruizione: 21210241 ECONOMIA POLITICA in Economia e gestione aziendale L-18 Q - Z PAGLIALUNGA ELENA