Elements of Economics [Matricole pari] (2016/2017)

Course code
Name of lecturers
Martina Menon, Marcella Veronesi
Martina Menon
Number of ECTS credits allocated
Academic sector
Language of instruction
1° periodo di lezioni dal Oct 3, 2016 al Dec 16, 2016.

Lesson timetable

Learning outcomes

Students will learn the main micro- and macro-economic models and national accounts. Regarding the microeconomic models, the course will examine the interactions between individuals within the market, assuming individual rationality and the absence of strategic behaviour. The course will then present the main economic factors that lead to market failures. In this context the role of the state will emerge as an active player in the markets. As of the macroeconomic models, the course will present the main macroeconomic aggregates of an economic system. In addition, the course will illustrate the main models describing the commodity market and money market. The discussion will focus on the role and desirability of fiscal and monetary policies.


Microeconomic models
1-Preferences and choices of individuals.
2-Production, profit function, and cost functionsin of firms operating in competetive markets.
3-Market failures: market power and antitrust policies.
4-Externalities, public goods and imperfect information.
5-Strategic behaviour.

Macroeconomic models
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.

Acemoglu, D., D. Laibson, and J. A. List, Principi di Economia Pubblica. Pearson.
O. Blanchard, A. Amighini, F. Giavazzi, Scoprire la macroeconomia: Quello che non si può non sapere. Volume I. Il Mulino.

The slides of classes will be uploaded on the e-Learning website (Moodle) (https://elearning.univr.it/j/). All students are requested to register to e-learning and download the teaching material.

Reference books
Author Title Publisher Year ISBN Note
DARON ACEMOGLU, DAVID LAIBSON, JOHN A. LIST PRINCIPI DI ECONOMIA POLITICA. Teoria ed evidenza empirica Pearson 2016 9788891901071

Assessment methods and criteria

Written exam with open questions and exercises, and a possible oral test.

Teaching aids