Learning objectives
The course introduces the main issues of individual economic behaviour with a reference to consumers and firms, and the analysis of competitive and non-competitive markets. Presenting and discussing the different topics, through exercises and classes and through the discussion of actual cases, the student is able to understand many problems of the functioning of the markets. Also, the course provides students with the theoretical framework needed to understand the functioning of the economy as a whole, and investigates the level and rate of change of the determinants of aggregate variables such as the gross domestic product, the price level, the unemployment rate, the rate of interest and the exchange rate.
Prerequisites
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Course unit content
Theory of the firm. Technology and production. The competitive model. Market power: monopoly, oligopoly and strategic behavior. Goods and Financial Markets: the IS-LM model The Labor Market The AS-AD model The Natural Rate of Unemployment and the Phillps Curve Financial Markets and Expectations Expectations, Output and Policy Government Debt Openness in Goods and Financial Markets Output, the Interest Rate and the Exchange Rate
Full programme
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Bibliography
- Petroni A., Introduzione all'Economia, Parma, 2011
- Barani A., "Etica, governo e diritto d'impresa. Profili introduttivi", Bologna, 2011.
- Further readings provided by the instructor.
Teaching methods
Teaching lessons, exercises.
Assessment methods and criteria
Both written and oral exams.
Other information
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