ECONOMIC THEORY

Academic Year 2016/2017 - 1° Year - Curriculum Curriculum unico / L-39 and Curriculum Curriculum unico / L-40

Teaching Staff

Credit Value: 6
Scientific field: SECS-P/01 - Economics
Taught classes: 48 hours
Term / Semester: 2°

Learning Objectives

Market and Resources
The goal of this module is to allow first year students to “think as economists”, to learn how perfectly competitive markets work, to understand the rationale of the public intervention, the drivers of the firm operating in diverse market regimes, and the functioning of the labour market. Module I also aims at enabling students to apply the knowledge acquired to the analysis of case studies.
Economic Institutions
The goal of module II is to understand the functioning of the main economic institutions and the effects of the principal macroeconomic policies, and to apply such knowledge to the analysis of case studies.

Market and Resources
Module I introduces to the general principles of Economics. It tackles the study of perfectly competitive markets, the determination of equilibrium prices and quantities. It also deals with the analysis of diverse political economy measures, and introduces students to the fundamentals of welfare economics which allow to evaluate the efficiency of perfectly competitive markets. It deals with the conditions in which government interventions may improve the allocation of resources. It studies the firm acting in a fully competitive market and the monopoly. It analyses the labor market.
Economic Institutions
Module II deals with the measurement of the product of a nation. It presents the financial institutions operating in our economies and it examines their role in the resources allocation process. It analyses the long-run determinants of the unemployment rate, including the minimum wages laws, the role of trade unions and the efficiency wages. It introduces the concept of money and the role of the central bank in controlling the money supply. This modules also tackles with the economy fluctuations in the short-run.

Market and Resources
N.G.Mankiw, M.P. Taylor (2015) Principi di Economia, Zanichelli, Bologna, VI edizione.
di Economia di G.Mankiw, Zanichelli, Bologna. Capitoli 1, 2, 3,4, 6, 7, 8, 9, 10, 11, 13, 14
Economic Institutions
N.G.Mankiw, M.P. Taylor (2015) Principi di Economia, Zanichelli, Bologna, VI edizione.
di Economia di G.Mankiw, Zanichelli, Bologna. Capitoli 20, 21, 22, 23,24,26,27,30,31,32,33.