- Docente: Massimiliano Gaetano Onorato
- Credits: 8
- SSD: SECS-P/01
- Language: Italian
- Moduli: Massimiliano Gaetano Onorato (Modulo 1) Lucio Picci (Modulo 2)
- Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
- Campus: Forli
- Corso: Second cycle degree programme (LM) in International Relations and Diplomatic Affairs (cod. 9247)
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from Oct 24, 2023 to Dec 14, 2023
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from Sep 21, 2023 to Oct 26, 2023
Learning outcomes
The course introduces students to the basic principles of the discipline. Topics include the basics of how markets function, how economic agents behave, and macroeconomic analysis. These topics will be related to examples from the real world and current economic events. At the end of the course students are expected to have acquired the knowledge necessary for more advanced economics courses, and to understand and critically evaluate economic and public policy debates.
Course contents
The course consists of two modules: Macroeconomics (prof. Lucio Picci) and Microeconomics (Prof. Massimiliano Onorato).
Topics of the first module (Macroeconomics):
- Introduction
- The market for goods
- The financial markets
- The IS-LM model
- The labour market
- The Phillips curve
- The medium term: the IS-LM-PC model
- The long-run and economic growth
Topics of the second module (Microeconomics):
- Introduction
- Supply and demand
- Elasticity
- Perfectly competitive supply
- Monopoly
- Oligopoly
- Externalities and public goods
- Game theory and Nash equilibrium
Readings/Bibliography
- Blanchard O, Amighini A., Giavazzi F. Macroeconomia. Una prospettiva europea, Il Mulino, 2020 (henceforth, “BAG” followed, for each topic, by the relevant pages).
- Lecture notes
- Frank, Bernanke, Antonovics, Heffetz, Principi di economia, 5th edition, McGraw Hill, 2022 (or the previous edition)
Teaching methods
Class lectures. For each topic, theoretical lectures will be followed by the discussion of real world examples.
Assessment methods
Assessment is by written exam. The exam is divided into two parts: macroeconomics and microeconomics. Each part consists of three questions, in which students are required to provide an adequate explanation of their answers.
At the end of each module, students can take a partial exam. In alternative, they can take the exam on the whole program at the end of the course.
Final marks are out of 30, with equal weight given to macro and micro.
Students may refuse the grade only once. The grade has to be considered for the whole exam; it is not possible to maintain the grade for just one of the two parts of the exam.
For any additional information please see the course web page within Virtuale.
Teaching tools
Slides and teaching materials will be available after each lecture on the Virtuale platform.
Office hours
See the website of Massimiliano Gaetano Onorato
See the website of Lucio Picci