Knowledge and understanding The course aims to provide students with the basic concepts and principles of political economy, considering the major recent advances that have characterized the frontier areas of research in economics. In particular, the course intends to provide students with fundamental knowledge related to: the characteristics of different types of market structures, the market failures, the behavior of firms, the principle of comparative advantage, the components and measurement of GDP, the notion of economic growth, the functions of money and the short-run economic fluctuations. Applying knowledge and understanding The student will be able to maintain and discuss clearly, through appropriate arguments, possible proposals and considerations related to problems and issues of various complexity in the economic sphere related to issues discussed in the course, such as market efficiency and equity and the key issues in a macroeconomic perspective, such as unemployment, inflation, and the determinants of economic growth. Making judgements At the end of the course students will have acquired the ability to critically interpret the main economic events at the center of the national and international debate, also through the collection of data and information from reliable sources. Communication skills Students will be able to communicate their own comments and ideas on the issues of political economy analyzed in the course to various interlocutors effectively and appropriately. Learning skills Student will develop a personal method of study and acquire the ability to undertake, in the most independent way possible, more complex and thorough studies, particularly in respect to economic issues.