Programma

Introduction to Economics: Graphs in Economics; trade-offs and exchanges.
Demand and Supply: The demand curve; the supply curve; market equilibrium; consumer surplus and producer surplus; price and quantity controls; elasticity and taxation.
Decision-making processes of individuals: Factors behind the demand curve, preferences, prices, and income; factors behind the supply curve, inputs, and production costs.
Market structures: Perfect competition; monopoly; oligopoly; monopolistic competition.
Other market failures: Externalities and public goods.
Introduction to Macroeconomics: National accounting; unemployment; inflation.
Economic growth: The Solow model.
Aggregate demand and supply: The AD-AS model.
Fiscal policy.
Monetary policy.
International Economics (only for students in the "CdL Magistrale in Giurisprudenza" program): Comparative advantage; international trade; trade policies.

Testi Adottati

Krugman, Paul R., and Robin Wells, The Essentials of Economics, Bologna, Zanichelli editore, 2018, 3rd Ed.
References in the textbook: Chapters 1-20, excluding Chapter 11 (print edition), with the addition of the Appendix "Consumer Theory" (ebook edition).

Modalità Frequenza

Lecture attendance (including problem-set sessions) is necessary to sit for the midterm and end-of-term exams.

Modalità Valutazione

The exam consists of a written test and an oral examination. For attending students, the written test can be divided into two partial exams (midterm and end-of-term exams). For non-attending students, the written test can be taken as a complete exam. The midterm exam takes place midway through the course. More details about the content of the exam will be provided during lectures. The exam consists of 10 multiple-choice questions, 2 true/false questions with explanations, and 2 exercises. The end-of-term exam takes place at the end of the course. More details about the content of the exam will be provided during lectures. The exam consists of 10 multiple-choice questions, 2 true/false questions with explanations, and 2 exercises. Note: In the case of partial exams, the grade for the written test is the arithmetic average of the grades of the two partial exams. Only those who have obtained a grade of at least 16 in the midterm exam can take the end-of-term exam. The complete exam is held during regular exam sessions and covers the entire syllabus. The exam consists of 10 multiple-choice questions, 2 true/false questions with explanations, and 2 exercises. Note: In regular exam sessions, only the complete exam can be taken. The oral examination consists of a brief interview and is mandatory for those who scored between 16 and 19 on the written test; optional for those who scored above 19 on the written test; and not available for those who scored below 16 on the written test.

Programma

THE COURSE CONSISTS OF TWO PARTS

MICROECONOMICS
ECONOMICS AS THE STUDY OF DECISIONS IN THE PRESENCE OF SCARCITY
MARKET DEMAND AND SUPPLY, EQUILIBRIUM PRICE
CONSUMER DECISION MAKING, MARGINAL UTILITY MAXIMIZATION, INDIVIDUAL AND MARKET DEMAND FUNCTION
PRODUCTION IN THE SHORT AND IN THE LONG RUN, PRODUCTION COSTS
PROFIT MAXIMIZATION, MARGINAL EQUALITY BETWEEN COSTS AND REVENUES
PERFECT COMPETITION, PRODUCTION SUPPLY BY A FIRM, FIRM AND MARKET SUPPLY FUNCTION, MARKET EQUILIBRIUM IN THE SHORT AND IN THE LONG RUN
MONOPOLY AND IMPERFECT COMPETITION
ECONOMIC EFFICIENCY AND EQUITY. THE ECONOMIC ROLE OF STATE, INCOME DISTRIBUTION, PUBLIC GOODS, EXTERNALITIES
ECONOMIC THEORY OF PROPERTY LAW. THEOREM OF COASE

MACROECONOMICS
THE SUBJECT AND METHODOLOGY OF MACROECONOMICS, AGGREGATION
GDP DEFINITION: THREE APPROACHES
AGGREGATE EXPENDITURE AND ECONOMIC FLUCTUATIONS, CONSUMPTION FUNCTION, EQUILIBRIUM GDP, EXPENDITURE MULTIPLIER
MONEY, CENTRAL BANK, MONEY MARKET, THE MONETARY POLICY REACTIONS TO FINANCIAL AND REAL SHOCKS
IS-LM MODEL. AGGREGATE DEMAND AND SUPPLY. THE SHORT-RUN EQUILIBRIUM OF PRICES AND OUTPUT. THE LONG-RUN ADJUSTMENT TO DEMAND AND SUPPLY SHOCKS. THE AGGREGATE SUPPLY SCHEDULE IN THE LONG-RUN
ECONOMIC GROWTH, THE ACCUMULATION OF PRODUCTIVE FACTORS, TECHNOLOGICAL PROGRESS
EXCHANGE RATE AND FOREIGN TRADE.

ADDITIONAL INFORMATION
THE PART OF THE COURSE ON ECONOMIC ANALYSIS OF LAW IS NOT INCLUDED IN THE SYLLABUS OF THE STUDENTS ENROLLED IN SCIENZE DEI SERVIZI GIURIDICI, WHOSE ECONOMICS COURSE SHOULD CONSIST OF 9 CFU

Testi Adottati

THE TEXTBOOK IS:
David Begg, Gianluigi Vernasca, Stanley Fischer, Rudiger Dornbusch, Economia. Sesta edizione; Collana Create; McGraw-Hill Education; 2020. ISBN 978-13-075-3407-8.

THE PART OF THE COURSE ON THE ECONOMIC ANALYSIS OF LAW WILL DRAW ON A SELECTION OF CHAPTERS FROM:
ROBERT COOTER, UGO MATTEI, PIER GIUSEPPE MONATERI, ROBERTO PARDOLESI, THOMAS ULEN, IL MERCATO DELLE REGOLE. ANALISI ECONOMICA DEL DIRITTO CIVILE. I. FONDAMENTI, SECONDA EDIZIONE; BOLOGNA: IL MULINO; 2006.

The slides presented during classes, a detailed syllabus, the past exam sheets are uploaded on the learning platform of department, called E-learning. Please, find the link on the department site.

Modalità Valutazione

Written and Oral Exam

Programma

THE COURSE LEVEL APPLICATION, THE PURPOSE OF TEACHING THINKING OF ECONOMISTS. YOU PROVIDE THE NECESSARY TOOLS TO UNDERSTAND, AND INTERPRET CRITICAL ASSESSMENT OF THE MAJOR ECONOMIC PHENOMENA AND THEORIES EXPLAIN THEM. PRESENTS THE COURSE IS THE MACROECONOMIC ANALYSIS IS microeconomic analysis. PARTICULAR ATTENTION TO RECEIVE THE LATTER IS THE SIGNIFICANCE IN THE FIELD OF LAW.

Testi Adottati

DAVID BEGG, STANLEY FISHER, RUDIGER DORNBUSCH., ECONOMIA, MCGRAW HILL, ULTIMA EDIZIONE;
ERNESTO FELLI, INTRODUZIONE ALLA MACROECONOMIA, GIAPPICHELLI EDITORE,ULTIMA EDIZIONE .

Modalità Valutazione

Written and oral exam