| Activity | Credits | Period | Academic staff | Timetable |
|---|---|---|---|---|
| UL1 | 5 | 1° periodo di lezioni | Eugenio Peluso | |
| UL2 | 4 | 1° periodo di lezioni | Marcella Veronesi |
| Activity | Day | Time | Type | Place | Note |
|---|---|---|---|---|---|
| UL1 | Tuesday | 4:30 PM - 6:30 PM | lesson | Lecture Hall Aula Tantini (ex Aula E) | |
| UL1 | Wednesday | 2:30 PM - 4:30 PM | lesson | Lecture Hall F | |
| UL1 | Thursday | 4:30 PM - 6:30 PM | lesson | Lecture Hall G |
The course aims to provide students with the fundamental notions about the functioning of markets (micro perspective) and the economic system of a country as a whole (macro perspective).
Starting from the description of the theoretical model of perfect competition, we will analyze the main causes of inefficient markets. Students will be able to distinguish the main causes of "market failures": market power, imperfect information, strategic interaction, the presence of externalities and public goods. We then present the main policies able to restore market efficiency and improve the welfare of individuals.
From the aggregate perspective, we will introduce the basic concepts for the study of macroeconomics: the GDP, aggregate demand, aggregate supply, public debt and the role of the foreign sector, with a particular emphasis on stabilization policies and monetary policy.
First part: Market, efficiency and public policy
1-Consumer choice, individual demand and market demand
2-Profit maximization and cost functions
3-Partial and general equilibrium
4-The theorems of welfare economics
5-Market failures: market power and antitrust policies
6-Externalities, public goods and imperfect information
7-The aggregation of preferences and social welfare
Second part: Macroeconomic policies
1-Definition of the key concepts.
2-Goods and financial markets: The IS-LM model
3-The labor market
4-The model of aggregate demand and supply.
5-The economic policy in closed and open economies.
Written exam with open questions and exercises.
| Title | Format (Language, Size, Publication date) |
| PROGRAMMA E TESTI CONSIGLIATI |
 docx (it, 17 KB, 17/11/15)
|
| PROGRAMMA E TESTI CONSIGLIATI |
docx (it, 17 KB, 17/11/15)
|
