21210241 - PRINCIPLES OF ECONOMICS

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.

Curriculum

Canali

teacher profile | teaching materials

Programme

Part I: Introduction

Part II: Microeconomics
• Demand, supply and the market
• Consumer theory
• Introduction to behavioral economics
• Production theory
• Perfect competition and monopoly
• Imperfect competition and oligopoly
• Introduction to welfare economics

Part III: Macroeconomics
• National output and aggregate expenditure
• IS-LM model
• Monetary and fiscal policy
• Aggregate demand and aggregate supply
• Inflation and unemployment
• Economic growth
• Open economy macroeconomics


Core Documentation

David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch, Anna Maria Bagnasco, Anngela Besana. Economics, Mc Graw Hill, VII edition.

Attendance

Attendance is recommended but not mandatory.

Type of evaluation

The assessment consists of a written exam, divided into three questions.

teacher profile | teaching materials

Programme

Part I– Microeconomics: I. Economic Choice; II. Goods and services; III. Markets; IV. Economic equilibrium; V. Demand; VI. Supply; VII. Perfect competition; VIII. Imperfect competition; IX. Labor market; X. Factor markets.
Part II – Macroeconomics: I. National accounting; II. The Income-expenditure model; III. Money and financial markets; IV. The IS-LM model; V. Demand-side policies; VI. Inflation and unemployment; VII. Economic growth; VIII. The open economy.


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

Optional attendance

Type of evaluation

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

teacher profile | teaching materials

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

teacher profile | teaching materials

Programme

The first part of the course is dedicated to the introduction of the fundamental notions of microeconomics analysis, understanding consumers’ and firms’ behaviour and the different types of market structures.
The second part of the course, concerning the study of macroeconomics, is dedicated to the analysis of the functioning of the economic system and economic aggregates such as output, consumption and investment expenditure, employment and inflation.

• Introduction: demand, supply and equilibrium
• Consumer theory: consumer constraints and choices, consumer and market demand
• Production technologies and firm costs
• Market structures: perfect and imperfect competition
• Markets and public intervention
• Introduction to macroeconomics and national accounting
• Unemployment, inflation, consumption and investment
• Financial system and markets
• The model of the multiplier
• The model AS-AD
• The model IS-LM
• Economic growth and development


Core Documentation

P.A. Samuelson, W.D. Nordhaus, C.A. Bollino, ECONOMIA, McGraw-Hill, 21^ Edizione.
Additional teaching material prepared by the lecturer (e.g. slides, lecture notes, publications on scientific journals) will be available on the Moodle platform.


Attendance

Attendance is not compulsory but strongly recommended.

Type of evaluation

The expected learning outcomes will be assessed by means of a final written test that will consist of open-ended and multiple-choice questions and exercises. The test will require the argumentation of questions covered during the course, supported by graphs to explain the required topics. The assessment criteria are: the level of mastery of knowledge, the degree of articulation of the answer, the degree of adequacy and accuracy of the explanation, and the ability to synthesise.

Canali

teacher profile | teaching materials

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

Programme

Part I: Introduction

Part II: Microeconomics
• Demand, supply and the market
• Consumer theory
• Introduction to behavioral economics
• Production theory
• Perfect competition and monopoly
• Imperfect competition and oligopoly
• Introduction to welfare economics

Part III: Macroeconomics
• National output and aggregate expenditure
• IS-LM model
• Monetary and fiscal policy
• Aggregate demand and aggregate supply
• Inflation and unemployment
• Economic growth
• Open economy macroeconomics


Core Documentation

David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch, Anna Maria Bagnasco, Anngela Besana. Economics, Mc Graw Hill, VII edition.

Attendance

Attendance is recommended but not mandatory.

Type of evaluation

The assessment consists of a written exam, divided into three questions.

teacher profile | teaching materials

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

Programme

Part I– Microeconomics: I. Economic Choice; II. Goods and services; III. Markets; IV. Economic equilibrium; V. Demand; VI. Supply; VII. Perfect competition; VIII. Imperfect competition; IX. Labor market; X. Factor markets.
Part II – Macroeconomics: I. National accounting; II. The Income-expenditure model; III. Money and financial markets; IV. The IS-LM model; V. Demand-side policies; VI. Inflation and unemployment; VII. Economic growth; VIII. The open economy.


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

Optional attendance

Type of evaluation

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

teacher profile | teaching materials

Mutuazione: 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

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

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

teacher profile | teaching materials

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

Programme

The first part of the course is dedicated to the introduction of the fundamental notions of microeconomics analysis, understanding consumers’ and firms’ behaviour and the different types of market structures.
The second part of the course, concerning the study of macroeconomics, is dedicated to the analysis of the functioning of the economic system and economic aggregates such as output, consumption and investment expenditure, employment and inflation.

• Introduction: demand, supply and equilibrium
• Consumer theory: consumer constraints and choices, consumer and market demand
• Production technologies and firm costs
• Market structures: perfect and imperfect competition
• Markets and public intervention
• Introduction to macroeconomics and national accounting
• Unemployment, inflation, consumption and investment
• Financial system and markets
• The model of the multiplier
• The model AS-AD
• The model IS-LM
• Economic growth and development


Core Documentation

P.A. Samuelson, W.D. Nordhaus, C.A. Bollino, ECONOMIA, McGraw-Hill, 21^ Edizione.
Additional teaching material prepared by the lecturer (e.g. slides, lecture notes, publications on scientific journals) will be available on the Moodle platform.


Attendance

Attendance is not compulsory but strongly recommended.

Type of evaluation

The expected learning outcomes will be assessed by means of a final written test that will consist of open-ended and multiple-choice questions and exercises. The test will require the argumentation of questions covered during the course, supported by graphs to explain the required topics. The assessment criteria are: the level of mastery of knowledge, the degree of articulation of the answer, the degree of adequacy and accuracy of the explanation, and the ability to synthesise.

Canali

teacher profile | teaching materials

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

Programme

Part I: Introduction

Part II: Microeconomics
• Demand, supply and the market
• Consumer theory
• Introduction to behavioral economics
• Production theory
• Perfect competition and monopoly
• Imperfect competition and oligopoly
• Introduction to welfare economics

Part III: Macroeconomics
• National output and aggregate expenditure
• IS-LM model
• Monetary and fiscal policy
• Aggregate demand and aggregate supply
• Inflation and unemployment
• Economic growth
• Open economy macroeconomics


Core Documentation

David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch, Anna Maria Bagnasco, Anngela Besana. Economics, Mc Graw Hill, VII edition.

Attendance

Attendance is recommended but not mandatory.

Type of evaluation

The assessment consists of a written exam, divided into three questions.

teacher profile | teaching materials

Programme

Part I– Microeconomics: I. Economic Choice; II. Goods and services; III. Markets; IV. Economic equilibrium; V. Demand; VI. Supply; VII. Perfect competition; VIII. Imperfect competition; IX. Labor market; X. Factor markets.
Part II – Macroeconomics: I. National accounting; II. The Income-expenditure model; III. Money and financial markets; IV. The IS-LM model; V. Demand-side policies; VI. Inflation and unemployment; VII. Economic growth; VIII. The open economy.


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

Optional attendance

Type of evaluation

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

teacher profile | teaching materials

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

teacher profile | teaching materials

Programme

The first part of the course is dedicated to the introduction of the fundamental notions of microeconomics analysis, understanding consumers’ and firms’ behaviour and the different types of market structures.
The second part of the course, concerning the study of macroeconomics, is dedicated to the analysis of the functioning of the economic system and economic aggregates such as output, consumption and investment expenditure, employment and inflation.

• Introduction: demand, supply and equilibrium
• Consumer theory: consumer constraints and choices, consumer and market demand
• Production technologies and firm costs
• Market structures: perfect and imperfect competition
• Markets and public intervention
• Introduction to macroeconomics and national accounting
• Unemployment, inflation, consumption and investment
• Financial system and markets
• The model of the multiplier
• The model AS-AD
• The model IS-LM
• Economic growth and development


Core Documentation

P.A. Samuelson, W.D. Nordhaus, C.A. Bollino, ECONOMIA, McGraw-Hill, 21^ Edizione.
Additional teaching material prepared by the lecturer (e.g. slides, lecture notes, publications on scientific journals) will be available on the Moodle platform.


Attendance

Attendance is not compulsory but strongly recommended.

Type of evaluation

The expected learning outcomes will be assessed by means of a final written test that will consist of open-ended and multiple-choice questions and exercises. The test will require the argumentation of questions covered during the course, supported by graphs to explain the required topics. The assessment criteria are: the level of mastery of knowledge, the degree of articulation of the answer, the degree of adequacy and accuracy of the explanation, and the ability to synthesise.

Canali

teacher profile | teaching materials

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

Programme

Part I: Introduction

Part II: Microeconomics
• Demand, supply and the market
• Consumer theory
• Introduction to behavioral economics
• Production theory
• Perfect competition and monopoly
• Imperfect competition and oligopoly
• Introduction to welfare economics

Part III: Macroeconomics
• National output and aggregate expenditure
• IS-LM model
• Monetary and fiscal policy
• Aggregate demand and aggregate supply
• Inflation and unemployment
• Economic growth
• Open economy macroeconomics


Core Documentation

David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch, Anna Maria Bagnasco, Anngela Besana. Economics, Mc Graw Hill, VII edition.

Attendance

Attendance is recommended but not mandatory.

Type of evaluation

The assessment consists of a written exam, divided into three questions.

teacher profile | teaching materials

Programme

Part I– Microeconomics: I. Economic Choice; II. Goods and services; III. Markets; IV. Economic equilibrium; V. Demand; VI. Supply; VII. Perfect competition; VIII. Imperfect competition; IX. Labor market; X. Factor markets.
Part II – Macroeconomics: I. National accounting; II. The Income-expenditure model; III. Money and financial markets; IV. The IS-LM model; V. Demand-side policies; VI. Inflation and unemployment; VII. Economic growth; VIII. The open economy.


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

Optional attendance

Type of evaluation

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

teacher profile | teaching materials

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

teacher profile | teaching materials

Programme

The first part of the course is dedicated to the introduction of the fundamental notions of microeconomics analysis, understanding consumers’ and firms’ behaviour and the different types of market structures.
The second part of the course, concerning the study of macroeconomics, is dedicated to the analysis of the functioning of the economic system and economic aggregates such as output, consumption and investment expenditure, employment and inflation.

• Introduction: demand, supply and equilibrium
• Consumer theory: consumer constraints and choices, consumer and market demand
• Production technologies and firm costs
• Market structures: perfect and imperfect competition
• Markets and public intervention
• Introduction to macroeconomics and national accounting
• Unemployment, inflation, consumption and investment
• Financial system and markets
• The model of the multiplier
• The model AS-AD
• The model IS-LM
• Economic growth and development


Core Documentation

P.A. Samuelson, W.D. Nordhaus, C.A. Bollino, ECONOMIA, McGraw-Hill, 21^ Edizione.
Additional teaching material prepared by the lecturer (e.g. slides, lecture notes, publications on scientific journals) will be available on the Moodle platform.


Attendance

Attendance is not compulsory but strongly recommended.

Type of evaluation

The expected learning outcomes will be assessed by means of a final written test that will consist of open-ended and multiple-choice questions and exercises. The test will require the argumentation of questions covered during the course, supported by graphs to explain the required topics. The assessment criteria are: the level of mastery of knowledge, the degree of articulation of the answer, the degree of adequacy and accuracy of the explanation, and the ability to synthesise.