Elements of Economics (2018/2019)

Course partially running (all years except the first)

Course code
Name of lecturers
Marcella Veronesi, Martina Menon
Marcella Veronesi
Number of ECTS credits allocated
Academic sector
Language of instruction
1° periodo di lezioni dal Oct 1, 2018 al Dec 14, 2018.

Lesson timetable

Go to lesson schedule

Learning outcomes

The main aim of the course is to provide students with the main notions about the functioning of markets (micro perspective) and the economic system of a country as a whole (macro perspective). In particular, from the microeconomic perspective the course aims to describe the theoretical models of consumer choice, firm production, market structures (perfect competition and monopoly), and government intervention. From the macroeconomic perspective, the course aims to describe basic concepts such as GDP, the labor market, the role of the foreign sector, and demand and supply in the money market. At the end of the course, the student will be able to understand and apply micro and macro concepts that characterize an economic system, the causes of market failure, public policies, and the effects of fiscal and monetary policies.


First part: Microeconomics

1- Mathematical elements for economics.
2- The theory of consumer.
3- The theory of firm.
4- The forms of market.
5- Government intervention.

Second part: Macroeconomics

1- Definition of key concepts.
2- Goods and financial markets: The IS-LM model.
3- The labor market.
4- The model of aggregate demand and supply.
5- Economic policies in closed and open economy.

The course will be taught in person in class. The teaching material will be available on the e-learning website. All students are requested to register to e-learning and download the teaching material.

Reference books
Author Title Publisher Year ISBN Note
Krugman, P.; R. Wells L’Essenziale di Economia Zanichelli  
DARON ACEMOGLU, DAVID LAIBSON, JOHN A. LIST PRINCIPI DI ECONOMIA POLITICA. Teoria ed evidenza empirica Pearson 2016 9788891901071
BLANCHARD O. Scoprire la macroeconomia – I. Quello che non si può non sapere Il Mulino 2016

Assessment methods and criteria

- Exam objectives: test the knowledge of the topics in the program and the ability to apply the concepts to the various problems proposed.

- Exam content: potentially all the topics in the program presented at the beginning of the course.

- Assessment methods: written with open questions, multiple choices and exercises, and a possible oral examination.

- Assessment methods: the final evaluation is expressed in 30/30.

- The exam procedures are not differentiated between students attending and non-attending classes.

Teaching aids