21210477 - Advanced political economy

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

scheda docente | materiale didattico

Programma

Part I - The surplus approach
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

Testi Adottati

- 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.

Modalità Erogazione

The course is held in the traditional way, with classroom-taught lectures.

Modalità Valutazione

Oral test with one question from each of the three parts. The test lasts approximately 30'.

scheda docente | materiale didattico

Programma

Part I - The surplus approach
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

Testi Adottati

- 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.

Modalità Erogazione

The course is held in the traditional way, with classroom-taught lectures.

Modalità Valutazione

Oral test with one question from each of the three parts. The test lasts approximately 30'.

scheda docente | materiale didattico

Programma

Part I - The surplus approach
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

Testi Adottati

- 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.

Modalità Erogazione

The course is held in the traditional way, with classroom-taught lectures.

Modalità Valutazione

Oral test with one question from each of the three parts. The test lasts approximately 30'.