0055002 - ECONOMICS

Italian

Italian

Italian

The first part of the course is devoted to the study of microeconomics, with particular reference to the behaviour of consumers and firms, and to market equilibrium.
The second part will focus on macroeconomic issues such as national accounts, GDP, financial markets and the equilibrium between aggregate demand and supply

Part One MICROECONOMIC ISSUES AND POLITICAL Economy of INSTITUTIONS. Part Two MACROECONOMIC THEMES

Demand and supply of goods and services, market forms, market failures, public intervention. National income; growth, unemployment, inflation; international trade, exchange rate, globalization, euro and European Monetary Union.

Antonelli, G., De Liso, N., Guidetti, G., Leoncini, R., Vittucci Marzetti,
G., Zamparini, L. (2019). Economia, Giappichelli, Torino.
V EDITION

A useful book of exercises is:
Leoncini, R., Macaluso, M., Pedrini, G. (2019). Economia.
Quesiti, Giappichelli, Torino.

The exam is prepared on my slides (available on https://e-l.unifi.it/) for the student who takes the exam in the January-February appeals. For the spring and summer appeals, it is instead tackled by studying the entire Manual:
Mankiw & Taylor, Principi di economia, VII edition, Zanichelli, Bologna, 2018.

J. SLOMAN and D. GARRATT, Elementi di Economia, pp. 480
il Mulino,
euro 35,00,
website available.

The course aims to provide students with the fundamental tools for the study of political economy, i.e. microeconomics and macroeconomics.

The course aims to impart knowledge of some concepts, models and analytical methods through which economics studies the functioning of national and international markets and of economic systems.

The course gives the fundamentals of the economic analysis to law students.

None

None

High school general culture and elements of graphical analysis.

Lectures given by the teacher

Frontal lessons with some interactive moments

Lectures.

ORAL exam via GMeet

For those who attend the course on a regular basis (i.e. at least 70% of the lessons): partial exam on the microeconomic part of the course to be held in november and partial exam on the macroeconomic to be held in december

Written test

For students attending the lectures: November, intermediate written test in Microeconomics. December, second intermediate written test in Macroeconomics, for student who have passed the test in Microeconomics.
All others: oral exams. For those who have passed the written test: registartion at the first exam sessio in January.

The programme includes the following chapters: 1 (excluding subsections 1.18.1, 1.18.2 and 1.20.2), 2 (until 2.6 included), 3 (until 3.6 included), 4, (excluding 4.8.3), 5 (only part I), 6 (only part I), 7 (only part I), 8, 9, 10.

First part (microeconomics):

1. Introduction to economics and to the tools for economic analyses
2. Consumer behaviour and market demand
3. The firm and the theory of production
4. Perfect competition and market equilibrium

Second part (macroeconomics):
1. GDP and national accounts
2. Financial markets
3. IS-LM
4. Economic policies
5. Aggregate demand and aggregate supply

Part One MICROECONOMIC ISSUES AND POLITICAL ECONOMY OF INSTITUTIONS

1 Think as an economist
2 The market mechanism: supply and demand
3 The market balance
4 Economic policy analysis
5 Profits, prices and costs in competitive conditions
6 Oligopolistic markets
7 Imperfect markets and Pareto efficiency
8 Surplus of the consumer and the producer
9 International trade
10 Theory of consumer choices
11 Business theories
12 Market failures
13 Information asymmetry and institutions
14 Financial markets
15 Economic analysis of the policy
16 Models of rationality
17 Migrations
18 Review

Part Two MACROECONOMIC THEMES
1 Introduction to Macroeconomics; GDP and Public Debt
2 Inflation and Currency
3 Labor market
4 Unemployment
5 Short term: aggregate demand
6 Short term: the DA-OA model
7 Short term: Fiscal policy and monetary policy
8 Economic policy issues
9 Long term
10 Economic growth
11 Salary differentials and discrimination
12 Open economy
13 Currency areas and Euro
14 Model IS-LM and IS-MP
15 Quality of development
16 Globalization
17 Great recession and secular stagnation
18 Review

Demand and supply of goods and services, market forms, market failures, public intervention. National income; growth, unemployment, inflation; international trade, exchange rate, globalization, euro and European Monetary Union.