Basic knowledge of microeconomics and macroeconomics

The aim of the course is to point out the scope for action to direct the economy. It focuses on three fields of action: 1) real world markets, their effect on social welfare and possible remedies; 2) the aggregate economy and policies to achieve an adequate level of employment and rate of growth; 3) the quantitative and qualitative features of development and how they can be acted upon.

1. Nature of demand
2. Choice
3. Firms
4. Market failures
5. Aggregate demand
6. Money
7. International trade
8. Measurement of development
9. Domestic aspects of development
10. International aspects of development

• 1.  (A) J. Komlos Foundations of Real-World Economics (second edition) Routledge , New Yorl-London, 2019 » Pagine/Capitoli: Chs 4, 5, 6, 8, 10, 13, 14
• 2.  (A) J.K. Galbraith, W. Darity, Jr Macroeconomics Houghton Mifflin Company, Boston, 1994 » Pagine/Capitoli: pp. 41-58; 84-98
• 3.  (A) A.K. Dutt Pathways to Economic Development Oxford University Press, Oxford, 2014 » Pagine/Capitoli: chs 2, 3, 4

• Frontal lectures with occasional discussions.

• The exam aims to ascertain the student's overall understanding of the basic theoretical issues underlying economic policy. It consists in a discussion of about 20 minutes.
  

English will be used throughout the course

The exam will be in English