54965 - Principles of Economics (4 Credits)

Learning outcomes

The course aims at providing students with basic concepts and methods
used in the study of economics (both microeconomics and macroeconomics)
in order to be able to understand the main current economic facts.

Course contents

Introductory economic principles.The economic science, microeconomics
and macroeconomics. Analysis methods of economics, economic systems and economic subjects.
Microeconomics: principles and tools. Human needs, economic goods and
utility, consumer choice, demand, supply, elasticity, price, exchange
and markets. Production theory: production factors, firms and
entrepreneur, production function, costs and revenue, optimum level of
production. Market structure: perfect competition, monopoly, oligopoly,
monopolistic competition.
Macroeconomics: principles and tools. Macroeconomic circular flow,
national accounting, income, consumption and investment. Real markets
equilibrium and demand multiplier.
Money, monetary theories, monetary equilibrium. Monetary policy and
fiscal policy, inflation. Economic development and European integration..

Readings/Bibliography

David Begg, Stanley Fischer, Rudiger Dornbusch
(a cura di Luca Barbarito, Carlo Antonio Ricciardi)
“Economia”, 2° ed., McGraw Hill, Milano, 2005.
ISBN: 88 386 6212-6
http://www.ateneonline.it/begg/homeA.asp

A detailed description of course programme
(Programma dettagliato del corso.pdf)
is available at:
http://www.biotecnologie.unibo.it/IndexTriennale.html
in the teacher's section - teaching material
(where exercises and further material can also be found)

Teaching methods

Lectures, exercises and seminars.

Assessment methods

Multiple choice test.
(Some tests with solutions may be found at:
http://www.ateneonline.it/begg/areastudentiA.asp)

Teaching tools

Personal computer, video projector, overhead projector, whiteboard, felt-tip pens.

Office hours

See the website of Luca Camanzi