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
Canali
teacher profile teaching materials
Macroeconomics: Introduction: what is macroeconomics; national-accounting aggregates and relationships (Chs. 1–2 and slides); short run: goods market, financial markets, and the IS–LM model (Chs. 3–6); medium run: labour market, Phillips curve, natural rate of unemployment and inflation, and the IS–LM–PC model (Chs. 7–9).
O. Blanchard, A. Amighini, F. Giavazzi, Macroeconomia. Una prospettiva Europea, Il Mulino, 2020 (first 9 chapters)
Programme
Microeconomics: Introduction and basic concepts (Introduction); fundamental elements of demand and supply (Ch. 1); consumer theory and the demand curve (Ch. 2); labour supply and saving (Ch. 3); theory of the firm and the supply curve (Ch. 4); technology and production costs (Ch. 5); competitive market theory: product markets (Ch. 6); competitive market theory: factor markets (Ch. 7); general equilibrium and Pareto optimality (Ch. 8); incomplete markets (Ch. 9); monopoly (Ch. 10).Macroeconomics: Introduction: what is macroeconomics; national-accounting aggregates and relationships (Chs. 1–2 and slides); short run: goods market, financial markets, and the IS–LM model (Chs. 3–6); medium run: labour market, Phillips curve, natural rate of unemployment and inflation, and the IS–LM–PC model (Chs. 7–9).
Core Documentation
E. Saltari, G. Di Bartolomeo, R. Tilli, Principi di Economia Politica, Carocci Editore, fifth reprint (first 10 chapters)O. Blanchard, A. Amighini, F. Giavazzi, Macroeconomia. Una prospettiva Europea, Il Mulino, 2020 (first 9 chapters)
Attendance
Only attending students will be eligible to take the midterm exemption tests.Type of evaluation
The written examination consists of two parts and lasts one hour and thirty minutes in total. The first part consists of 10 multiple-choice questions covering the entire course syllabus. The second part consists of one exercise and one open-ended question. The second part of the examination will be marked and assessed only if the student answers at least 6 out of the 10 multiple-choice questions in the first part correctly. During the course, attending students will have the opportunity to complete the examination through two exemption tests: the first on Macroeconomics and the second on Microeconomics. Each exemption test will consist of two parts: a first part comprising 10 multiple-choice questions and a second part comprising one exercise and one open-ended question. Also in this case, the second part of the exemption test will be marked and assessed only if the student answers at least 6 out of the 10 multiple-choice questions correctly. Passing both exemption tests is equivalent to passing the full examination. Students who do not pass the first exemption test will not be allowed to take the second one. In addition, students who do not pass either of the two exemption tests will not be allowed to sit the examination in the first session of the summer examination period.