The course aims to provide the basic tools of economics, useful to understand the reality and the evolution of the economic system. Particular attention will be paid to the changes induced by the digital transformation. At the end of the course, students will be able to: O1) understand and use the main concepts of microeconomic analysis (consumer, business, market and competitive equilibrium, welfare implications, market failures); O2) understand the impact of the choices of individual players on the entire economic system through simple models; O3) understand the use of the main economic indicators and interpret simple empirical evidence
teacher profile teaching materials
• Introduction and Basic Concepts (introduction)
• Fundamental Elements of Demand and Supply (chapter 1)
• Consumer Theory and the Demand Curve (chapter 2)
• Labor Supply and Savings (chapter 3)
• Firm Theory and the Supply Curve (chapter 4)
• Technology and Production Costs (chapter 5)
• Theory of Competitive Markets: Products (chapter 6)
• Theory of Competitive Markets: Factors (chapter 7)
• General Economic Equilibrium and Pareto Optimality (chapter 8)
• Incomplete Markets (chapter 9)
• Monopoly (chapter 10)
Part 2: Macroeconomics (O. Blanchard, A. Amighini, F. Giavazzi "Macroeconomia. Una prospettiva Europea" )
• Introduction (chapters 1, 2 + slides)
• What is Macroeconomics
• Aggregates and Relationships in National Accounts
The Short Run (chapters 3, 4, 5, 6)
• Goods Market
• Financial Markets
• IS-LM Model
The Medium Run (chapters 7, 8, 9)
• Labor Market
• Phillips Curve, Natural Rate of Unemployment, and Inflation
• IS-LM-PC Model
- O. Blanchard, A. Amighini, F. Giavazzi "Macroeconomia. Una prospettiva Europea" Il Mulino, 2020
Programme
Part 1: Microeconomics (E. Saltari, G. Di Bartolomeo, R. Tilli "Principi di Economia Politica"):• Introduction and Basic Concepts (introduction)
• Fundamental Elements of Demand and Supply (chapter 1)
• Consumer Theory and the Demand Curve (chapter 2)
• Labor Supply and Savings (chapter 3)
• Firm Theory and the Supply Curve (chapter 4)
• Technology and Production Costs (chapter 5)
• Theory of Competitive Markets: Products (chapter 6)
• Theory of Competitive Markets: Factors (chapter 7)
• General Economic Equilibrium and Pareto Optimality (chapter 8)
• Incomplete Markets (chapter 9)
• Monopoly (chapter 10)
Part 2: Macroeconomics (O. Blanchard, A. Amighini, F. Giavazzi "Macroeconomia. Una prospettiva Europea" )
• Introduction (chapters 1, 2 + slides)
• What is Macroeconomics
• Aggregates and Relationships in National Accounts
The Short Run (chapters 3, 4, 5, 6)
• Goods Market
• Financial Markets
• IS-LM Model
The Medium Run (chapters 7, 8, 9)
• Labor Market
• Phillips Curve, Natural Rate of Unemployment, and Inflation
• IS-LM-PC Model
Core Documentation
- E. Saltari, G. Di Bartolomeo, R. Tilli "Principi di Economia Politica". Carocci Editore, quinta ristampa- O. Blanchard, A. Amighini, F. Giavazzi "Macroeconomia. Una prospettiva Europea" Il Mulino, 2020
Attendance
Attendance is not mandatoryType of evaluation
Final exam consists of a written test composed of multiple-choice questions of various types (correct answer, true/false, + or -) covering the entire exam program.