- Docente: Matteo Maria Cati
- Language: English
- Teaching Mode: Traditional lectures
- Campus: Rimini
- Corso: Second cycle degree programme (LM) in Business Administration and Management (cod. 8842)
Learning outcomes
This crash course provides students with an introductory background to microeconomics and macroeconomics, and it is intended as a prerequisite to Economics courses during the first year of study. The crash course covers concisely the basic foundations of microeconomics and macroeconomics . Lectures will be accompanied by problem sets which will help students to immediately apply the theoretical concepts presented in class.
Course contents
The list of topics covered is as follows:
Microeconomics
- Introduction
- The Market: the demand and supply model, price elasticity of demand and of supply, government's intervention (indirect taxes)
- The Standard Theory of Consumption: the budget constraint and the preferences (axioms, utility functions, indifference curves and the marginal rate of substitution)
- The Optimal Choice and the Constrained maximization Problem of the Utility Function
- The Theories of Production and Cost: basic concepts
- Market Structures: Perfect Competition, Monopoly, Oligopoly
- Welfare Economics: definition of Pareto Optimality, the Two Fundamental Welfare Theorems;
- Market Failures: Externalities, Public Goods, Market Power
Macroeconomics
- Introduction
- Basic Concepts
- Gross Domestic Products (GDP)
- Consumer Price Index
- Inflation
- Unemployment
- Short Run macro model: IS - LM in a closed and in an open setting (Fiscal and Monetary Policies)
- Long Run macro model: Aggregate Demand and Supply (Fiscal and Monetary Policies)
- Very Long Run model: the exogeneous growth mode (the Solow model) and the endogeneous growth model
Readings/Bibliography
The course material is available here (e-learning website moodle): link. Attendance is strongly recommended.
Assessment methods
Students attending the classes of the Economics Crash Courses – SEM will be granted, upon the satisfaction of an introductory exam (through the new app TCExam) to be taken at the end of the crash course, a bonus of 1 – 2 points to be added to the total score of the exams of I.C. Economics.
Teaching tools
E-learning website moodle, designed by Dottor Cati, and the new application TCExam.
Office hours
See the website of Matteo Maria Cati