00256 - Political Economy

Course Unit Page

Academic Year 2018/2019

Learning outcomes

The course aims to provide students with a thorough understanding of the basic main micro- and macro-economic principles.

Course contents

The course is intended for beginning students and offers an introduction to microeconomics and macroeconomics.  The part dealing with microeconomics focuses on the economic analysis of consumers' preferences and behavior and of the theory of the market. Also some causes of market failure are taken into account, including externalities, public goods and informational asymmetries. Specifically, this part of the program studies how people make decisions and interact, the consumer's preferences and behavior, the market forces of supply and demand, markets and welfare, firm behavior and the organization of industries, the economics of labour markets, the theory of consumer choice.

The part dealing with macroeconomics gives an overview of the behavior of economic aggregates, including topics such as national income, savings, investments, labor markets, international trade. Specifically, this part the program studies some data of macroeconomics, the real economy in the long run, money and prices in the long run, the macroeconomics of open economies, short-run economic fluctuations, international finance.

Readings/Bibliography

Mankiw, N. G. - Taylor, M.P.(2011), PRINCIPI DI ECONOMIA, Bologna: Zanichelli.

Teaching methods

Lectures. Class discussions.

Assessment methods

Mid-term written exam (50%). Final written exam (50%).

Teaching tools

Other teaching material, including slides used during the lectures and papers on specific topics, will be made available to students through the iol system.

Office hours

See the website of Enrico Santarelli