"G. d'Annunzio"
Basic knowledge of mathematical as required in high school diplomas.
EDUCATIONAL OBJECTIVES Provide students with basic skills in micro and macroeconomics, to help their understanding of economic facts and policies. LEARNING OUTCOMES 1) Knowledge and understanding At the end of the course the students will have the cognitive instruments to: a) define the main concepts and describe the models and methods used in economic analysis b) formulate problems described in everyday language in the language of economics 2) Applying knowledge and understanding At the end of the course, the students will be able to: a) apply economic tools and models to solve these problems 3) Making judgements At the end of the course, the students will be able to: a) assess the potential and limitations of models and methods used in economic analysis
Economic problems. Demand, supply, equilibrium. Constraints and choices. Individual and market demand. Technology and costs. Perfect and imperfect competition. Markets and policies. Taxes and regulation. Domestic product and aggregate expenditure Financial markets IS-LM model in closed economy AD-AS model Phillips curve Global economic and financial crisis
An introduction to economic sciences. Demand, supply and market. Demand and supply elasticities. Demand theory. An introduction to supply theory. Technology and costs. Perfect competition and monopoly. Imperfect competition: natural monopoly and monopolistic competition. Oligopoly. An introduction to welfare economics. The economics of the public sector. Introduction to macroeconomics. National product and aggregate expenditure. Fiscal policy and international trade. Money and monetary policy. Goods and money markets. Monetary and fiscal policy. Aggregate supply and the adjustment to macroeconomic shocks. Inflation, expectations and credibility. Unemployment. Exchange rates and the balance of payments. Open economy macroeconomics. Economic growth and cycles. Exchange rate regimes. European integration. Poverty, development, and globalization. History of Economic Analysis: from mercantilism to contemporary theories.
1) David Begg, Gianluigi Vernasca, Stanley Fischer e Rudiger Dornbusch (2022) Economia, McGraw-Hill Education. 2) Bacceli, G., Storia dell'analisi economica, McGraw-Hill Education (2019)
The course consists of both lectures and exercises class.
The final examination is provided in oral form. It aims to verify the understanding of information and topics dealt with in the course, the ability to analyze concepts adopting a correct terminology, the ability to identify conceptual connections. The examination consists of a series of different questions and formal exercises based on the examples discussed during the course and in practical classes.
e-mail: giuseppe.bacceli@libero.it giuseppe.bacceli@unih.it
