The course aims at introducing students to key concepts of economic theory. Particular attention is paid to the economic analysis of laws and institutions. In particular, through the study of microeconomic and macroeconomic phenomena, the student will develop an autonomous judgment of the economic reality. Students must achieve the following goals: -knowledge of the main micro and macroeconomic models; - Ability to interpret the debate on the functioning of economic systems and expertise to use bibliographic tools, and methods used by economic analysis.

Students will be familiar with the basic models of economics economic agents’ behavior, market functioning and firm strategies, as well as on macroeconomic factors of consumption, investment. The course contents and the methods of interaction in the classroom aim at discussion and confrontation with the teacher, so students acquire autonomous judgment on the topics discussed, using a technical language. Power point slides and blackboard will be used, the latter being able to analyze economic topics by equations and graphics. Knowledge and understanding. The course aims to provide students with the basic concepts and principles of economics. In particular, the course intends to provide students with fundamental knowledge related to: the characteristics of different types of market structures, the behavior of firms, the components and measurement of GDP, the notion of economic growth, the functions of money. Applying knowledge and understanding. The student will be able to understand and discuss clearly, through appropriate arguments, possible proposals and considerations related to problems and issues of the topics discussed in the lectures. Making judgements. At the end of the course students will have acquired the ability to critically interpret the main economic events at the center of the national and international debate, also through the collection of data and information from reliable sources. Communication skills. Students will be able to communicate their own comments and ideas onthe issues of political economy analyzed in the course to various interlocutors effectively and appropriately. Learning skills. Student will develop a personal method of study and acquire the ability to undertake, in the most independent way possible, more complex and thorough studies, particularly in respect to economic issues.

• Supply and demand • Markets mechanisms • Competition, antitrust and market power • The role of the State • Labour market • Income, growth and Institutions • Economic fluctuations and stabilization of the cycle • Inflation and unemployment • Money and Financial Markets

MICROECONOMICS Text book: J. SLOMAN (2022), Microeconomics, Il Mulino, sixth edition. Chs. 1, 2, 3, 4, 5. MACROECONOMICS Text book: C. IMBRIANI, A. LOPES, Macroeconomia, un’introduzione. Mercati, Istituzioni Finanziarie e Politiche, UTET, 2016. Capp. 1, 2 (excluded 2.3.3 e 2.3.4), 3 (excluded 3.3.3, 3.3.4, 3.4 e 3.5.4), 4 (excluded 4.7, 4.8 e 4.9), 5 (excluded 5.7), 6 (excluded 6.7, 6.8, 6.9 e 6.10), 8 (excluded 8.6, 8.7 e 8.8). Please exclude all boxes with the exception of C1 (3°chapther) and H1 (8° chapter)

- lectures - classes

The procedure of assessment regarding the contents of the course will be held in the form of oral. This examination aims to verify the knowledge of the topics covered in the program and the student’s ability to use graphical representation to explain economic theories and concepts. The examination and provides an assessment in thirty (minimum threshold of sufficiency 18/30). Forms of monitoring and intermediate verification of the preparation of students are also possible. It being understood that the assessment will take place only at the outcome of the final exam which will take place, at the end of the course, according to the methods and evaluation criteria specified above.

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