Basic knowledge of English. Classes and exams will be in English.

The course introduces students to the language and analytical framework adopted
by economists for the examination of economic and social phenomena, and public
policies.

Students are expected to:
- know the basic economic concepts that are essential for understanding the
economic system, enterprises' behavior and the rationales for government policies
- to evaluate everyday problems and specific policy proposals
- Communicate effectively in written, spoken, and graphical form about specific
economic issues

The course addresses the basic economic theories and instruments to understand the
decision making of individuals, and the economic rationales for government
intervention.

Syllabus
The economist's way of thinking: Basic language and toolkits.
Principles of microeconomics. How markets works. Firm behavior and industrial
organization.
Income, wealth and well-being. Economic development and structural change.
The influence of fiscal and monetary policies on short-term fluctuations.
Money market and the financial system. Government debt. Austerity dilemmas, size
of fiscal multipliers and the long-run implications of fiscal policy.
Transnational economic relationships. International division of labour and migration.
Trade, balance of payments and macroeconomic imbalances.
The course is taught in English.

• 1.  (A) N. Gregory Mankiw The Essentials of Economics Thomson South Western, Mason, OH, Usa, 2014

Study materials will be suggested during the lessons.

• Classes will be set up to encourage dialogue and discussion of contemporary
  economic issues.
  All students will be expected to write an essay on a topic related to the program and
  give a presentation (either individually or as part of a group) followed by a
  moderated question-and-answer and discussion session.

• Short essays on three topics covered in the lectures.
  
  Evaluation criteria: knowledge and understanding of the basic economic ideas and
  analytical tools, critical thinking skills on the possibility to apply the knowledge to
  practical problems, communication skills.
  
  The final mark takes into account both the result of the written exam and the presentation given by
  student during the lectures.