The purpose of the course is to provide students with an introduction to the analytical tools and the basic knowledge necessary to understand and interpret the economy. Starting from the microeconomic analysis of individual behavior of consumers and firms, the course will then study the effect of interactions among economic agents and the market equilibrium. The course will also introduce the main analytical tools for understanding the complexity of public sector intervention in the economy (e.g., among other topics we will focus on the role of taxes in market equilibrium as well as the role of public goods and public remedies to externalities, with emphasis on the public role in tackling environmental and climate crisis). Ultimately, the course will aim at making graduates in legal disciplines able to understand the economic impact of laws and institutions through a comprehensive understanding of the basic mechanisms driving economic systems.
teacher profile teaching materials
- Using data and models
- Optimization
- Demand, supply and equilibrium
- Consumers and incentives
- Sellers and incentives
- Perfect competition
- Trade
Programme
- Principles and practices- Using data and models
- Optimization
- Demand, supply and equilibrium
- Consumers and incentives
- Sellers and incentives
- Perfect competition
- Trade
Core Documentation
Acemoglu, D., Laibson, D. I., List, J. A. (2016). Economics. Pearson.Reference Bibliography
Acemoglu, D., Laibson, D. I., List, J. A. (2016). Economics. Pearson. Supplementary materials will be uploaded to the course's Moodle page. Please, remember to enroll in the course at the following link: https://giurisprudenza.el.uniroma3.it/course/view.php?id=2743Attendance
Compulsory.Type of evaluation
Students will be evaluated on their homework assignments throughout the course. Those who do not complete the homework will be required to take a final exam. The final assessment will consist of a written exam with 10 multiple-choice questions (with four alternative answers, only one of which is correct), two true/false questions with a brief explanation of the answer and two exercises.