Class attendance is not compulsory
Consumer choice. Production and costs. Competitive and not competitive markets. Goods market. Money market.
The course provides students with the fundamental analytical tools for understanding the functioning of the economic systems by investigating the consumers and firms behaviour, the market characteristics, the national accounts, the good and money markets, the problems of inflation and unemployment.
The course aims to foster the students ability to analyse the economic choices of consumers and firms in the different markets, as well as to provide them with the necessary knowledge in order to examine critically the macroeconomic systems.
Robert S. Pindyck - Daniel L. Rubinfeld (1995) ‘Microeconomics’, 3rd Edition, Prentice-Hall International
(Sections: 2.1-2.3, 3.1-3.3, 3.5, 4.1-4.4, 6.1-6.5, 7.1-7.3, 8.1-8.6, 10.1, 12.1-12.2)
N. Gregory Mankiw (2003) ‘Principles of Macroeconomics’ 3rd edition, South-Western College Pub.
(Chapters: 10, 13, 14, 15, 16, 19, 21)
Written and oral examination in Italian or English
The basics of supply and demand. Consumer behaviour. Production and costs. Competitive markets. Monopoly and oligopoly. Monopolistic competition.
Goods market and the Keynesian multiplier
ECB and money supply
Phillips curve, inflation and unemployment