- A.A. 2016/2017
- CFU 9
- Ore 45
- Classe di laurea LMG/01
Basic knowledge of English. Classes and exams will be in English
The course introduces students to the language and analytical framework adopted
in Economics for the examination of social phenomena and public policy issues.
Students are expected to:
- know the basic economic ideas that are essential for understanding society,
business and government policies
- Apply economic analysis to evaluate everyday problems and specific policy
- Communicate effectively in written, spoken, and graphical form about specific
The course addresses the basic economic theory to understand the decision
making of individual economic units (consumers and firms), and the economic
rationales for government intervention, in the context of an open economy.
Economic system and its functions.
Markets and globalization.
Principles of Microeconomics
Single demand curve and the market demand.
Production function, returns to scale, productivity. Production costs. Decision making
of the single firm.
Pricing and production in competitive, monopolistic and oligopolistic industries.
System of regulation for firms. Antitrust policy.
Principles of Macroeconomic
Aggregate demand and supply. Determination of long-run growth and short-term
fluctuations, and counter-cyclical policies designed to combat these and other
current problems. Analysis of macroeconomic variables: output, employment,
inflation, interest rate. Consumption function and saving behavior. Investments.
Money market and financial system. International trade and international monetary
In the last part of the course, lectures include an examination of the European
economic policy in relation to the debt crisis.
The course is taught in English.
- 1. (A) N. Gregory Mankiw The Essentials of Economics Thomson South Western, Mason, OH, Usa, 2014
Scientific articles will be suggested during the lessons.
Classes will be set up to encourage dialogue and discussion of topical issues in