ECONOMIC THEORY

The course 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.

The course, in the part dedeicated to the study of macroeconomics, tackles 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.

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, 20, 21, 22, 23,24,26,27,30,31,32,33.