Programma

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

Testi Adottati

- 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

Modalità Frequenza

Attendance is not mandatory

Modalità Valutazione

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.

Programma

Part I
Introductory concepts
The market: supply and demand

Part II. Microeconomics
Consumption theory: preferences, constraints, and choices
Theory of production: technology, costs, and profits
Competitive markets: equilibrium, efficiency, market failures and interventions

Part III. Macroeconomics
Economic aggregates
The main macroeconomic models: Income--Expenditure, IS--LM, AD--AS
Employment and unemployment
Credit markets and the monetary system
International trade

Testi Adottati

The course is based on the topics covered in most of the basic textbooks on microeconomics, macroeconomics and political economy.
The course will be mainly based on the following textbooks:

Bernheim, B.D e M.D. Whinston (2018). Microeconomia. Mc Graw Hill (o edizioni successive).
Blanchard, O., A. Amighini, F. Giavazzi (2020). Macroeconomia. Una prospettiva Europea. Il Mulino.

Other recommended texts are:

Acemoglu, D., D. Laibson, J.A. List (2020). Principi di economia politica. Teoria ed evidenza empirica. 2a ed., Pearson (o edizioni successive).
Samuelson, P.A., D.W. Nordhaus, C.A. Bollino (2006). Economia. Mc Graw Hill, XXI ed.
Becchetti, L., L. Bruni, S. Zamagni (2014). Microeconomia. Un testo di economia civile. Il Mulino.

Bibliografia Di Riferimento

Acemoglu, D., D. Laibson, J.A. List (2020). Principles of political economy. Theory and empirical evidence. 2nd ed., Pearson (or later editions). Samuelson, P.A., D.W. Nordhaus, C.A. Bollino (2006). Economics. Mc Graw Hill, XXI ed. Becchetti, L., L. Bruni, S. Zamagni (2014). Microeconomics. A text on civic economics. Il Mulino. Blanchard, O., A. Amighini, F. Giavazzi (2020). Macroeconomics. A European perspective. The Mulino.

Modalità Frequenza

Attendance is not compulsory.

Modalità Valutazione

The final assessment consists of a written and an oral test. A pass (≥ 18) in both tests is required to pass the exam. The final grade will be the average of the marks obtained in both tests. One intermediate test will be held during the course; if passed, it may replace half of the written test in the first available slot.