The course aims to deal critically and at an advanced level with central aspects of contemporary economic analysis. It will examine the determinants of income distribution and relative commodity prices, as well as the macroeconomic implications of different approaches to distribution theory.
Curriculum
teacher profile teaching materials
1. The notion of surplus
2. The capitalist mode of production
3. Sraffa’s theory of prices
4. The integrated wage-commodity sector and the surplus equation
Part II - The marginalist approach
5. The marginalist theory of distribution
6. Capital as a factor of production
Part IIII - Macroeconomic implications
7. Keynes and the principle of effectual demand
8. International trade
- Teaching material written by the teacher and available online.
- Fratini, S.M. (2020) 'Incomes from capital in alternative economic theories', in P. De Muro, S.M. Fratini & A. Naccarato (eds) Economics, Policy and Law. Roma: Roma Tre-Press.
- Garegnani, P. (1978-79) 'Notes on consumption, investment and effective demand', part. I and II, Cambridge Journal of Economics, vol. 2, pp. 335-353 and vol. 3, pp. 63-82.
- Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge University Press: Cambridge.
Programme
Part I - The surplus approach1. The notion of surplus
2. The capitalist mode of production
3. Sraffa’s theory of prices
4. The integrated wage-commodity sector and the surplus equation
Part II - The marginalist approach
5. The marginalist theory of distribution
6. Capital as a factor of production
Part IIII - Macroeconomic implications
7. Keynes and the principle of effectual demand
8. International trade
Core Documentation
- Slides of the lessons.- Teaching material written by the teacher and available online.
- Fratini, S.M. (2020) 'Incomes from capital in alternative economic theories', in P. De Muro, S.M. Fratini & A. Naccarato (eds) Economics, Policy and Law. Roma: Roma Tre-Press.
- Garegnani, P. (1978-79) 'Notes on consumption, investment and effective demand', part. I and II, Cambridge Journal of Economics, vol. 2, pp. 335-353 and vol. 3, pp. 63-82.
- Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge University Press: Cambridge.
Type of delivery of the course
The course is held in the traditional way, with classroom-taught lectures.Type of evaluation
Oral test with one question from each of the three parts. The test lasts approximately 30'. teacher profile teaching materials
1. The notion of surplus
2. The capitalist mode of production
3. Sraffa’s theory of prices
4. The integrated wage-commodity sector and the surplus equation
Part II - The marginalist approach
5. The marginalist theory of distribution
6. Capital as a factor of production
Part IIII - Macroeconomic implications
7. Keynes and the principle of effectual demand
8. International trade
- Teaching material written by the teacher and available online.
- Fratini, S.M. (2020) 'Incomes from capital in alternative economic theories', in P. De Muro, S.M. Fratini & A. Naccarato (eds) Economics, Policy and Law. Roma: Roma Tre-Press.
- Garegnani, P. (1978-79) 'Notes on consumption, investment and effective demand', part. I and II, Cambridge Journal of Economics, vol. 2, pp. 335-353 and vol. 3, pp. 63-82.
- Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge University Press: Cambridge.
Programme
Part I - The surplus approach1. The notion of surplus
2. The capitalist mode of production
3. Sraffa’s theory of prices
4. The integrated wage-commodity sector and the surplus equation
Part II - The marginalist approach
5. The marginalist theory of distribution
6. Capital as a factor of production
Part IIII - Macroeconomic implications
7. Keynes and the principle of effectual demand
8. International trade
Core Documentation
- Slides of the lessons.- Teaching material written by the teacher and available online.
- Fratini, S.M. (2020) 'Incomes from capital in alternative economic theories', in P. De Muro, S.M. Fratini & A. Naccarato (eds) Economics, Policy and Law. Roma: Roma Tre-Press.
- Garegnani, P. (1978-79) 'Notes on consumption, investment and effective demand', part. I and II, Cambridge Journal of Economics, vol. 2, pp. 335-353 and vol. 3, pp. 63-82.
- Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge University Press: Cambridge.
Type of delivery of the course
The course is held in the traditional way, with classroom-taught lectures.Type of evaluation
Oral test with one question from each of the three parts. The test lasts approximately 30'. teacher profile teaching materials
1. The notion of surplus
2. The capitalist mode of production
3. Sraffa’s theory of prices
4. The integrated wage-commodity sector and the surplus equation
Part II - The marginalist approach
5. The marginalist theory of distribution
6. Capital as a factor of production
Part IIII - Macroeconomic implications
7. Keynes and the principle of effectual demand
8. International trade
- Teaching material written by the teacher and available online.
- Fratini, S.M. (2020) 'Incomes from capital in alternative economic theories', in P. De Muro, S.M. Fratini & A. Naccarato (eds) Economics, Policy and Law. Roma: Roma Tre-Press.
- Garegnani, P. (1978-79) 'Notes on consumption, investment and effective demand', part. I and II, Cambridge Journal of Economics, vol. 2, pp. 335-353 and vol. 3, pp. 63-82.
- Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge University Press: Cambridge.
Programme
Part I - The surplus approach1. The notion of surplus
2. The capitalist mode of production
3. Sraffa’s theory of prices
4. The integrated wage-commodity sector and the surplus equation
Part II - The marginalist approach
5. The marginalist theory of distribution
6. Capital as a factor of production
Part IIII - Macroeconomic implications
7. Keynes and the principle of effectual demand
8. International trade
Core Documentation
- Slides of the lessons.- Teaching material written by the teacher and available online.
- Fratini, S.M. (2020) 'Incomes from capital in alternative economic theories', in P. De Muro, S.M. Fratini & A. Naccarato (eds) Economics, Policy and Law. Roma: Roma Tre-Press.
- Garegnani, P. (1978-79) 'Notes on consumption, investment and effective demand', part. I and II, Cambridge Journal of Economics, vol. 2, pp. 335-353 and vol. 3, pp. 63-82.
- Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge University Press: Cambridge.
Type of delivery of the course
The course is held in the traditional way, with classroom-taught lectures.Type of evaluation
Oral test with one question from each of the three parts. The test lasts approximately 30'.