Elements of Economics [Matricole pari] (2018/2019)

Course code
Name of lecturer
Martina Menon
Martina Menon
Number of ECTS credits allocated
Academic sector
Language of instruction
2° periodo di lezioni - aprile/maggio 2019, 2° periodo di lezioni - febbraio/aprile 2019

Lesson timetable

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Learning outcomes

This course provides the theoretical and methodological basis to analyze and interpret the economic relationships among economic agents (individuals and firms) operating in the market (perfect market, monopoly, oligopoly). Students will study the main micro- and macro-economic models and national accounts. They will be able to understand the economic phenomena of the modern market econo-mies and read the main economic newspapers.
conomic phenomena of the modern market economies and read the main economic newspapers.


Microeconomic models
1- Mathematical elements for economics.
2- The market economy: origin, functioning, agents.
3- Preferences and choices of individuals.
4- Production, profit function, and cost functions of firms operating in competitive markets.
5- Market failures: market power and antitrust policies.
6- Externalities, public goods and imperfect information.
7- Strategic behaviour.

Macroeconomic models
1- National income accounting.
2- The goods market.
3- Financial markets.
4- The labour market.
5- The open economy.
6- The model of aggregate demand and supply.
7- Monetary and fiscal policies.

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.
- 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