The course aims at introducing the fundamentals of economic theory.

KNOWLEDGE AND UNDERSTANDING SKILLS Students at the end of the Course will have proved their understanding of the main microeconomic and macroeconomic relations such as: utility and profit maximization, the process of GDP formation, the role of monetary and fiscal policy, the modus operandi of the European institutions and of the European Central Bank. The acquired information set is a fundamental support for the understanding and deepening of the studies of all higher-ranking economic and financial subjects. APPLYING KNOWLEDGE At the end of the Copurse, Students will be able to recognise the main interdependencies between real and monetary variables, both at the microeconomic level, as well as at the macroeconomic one. ABILITY TO DRAW CONCLUSIONS Students will be able to identify the most appropriate models, among those presented in the course, to describe microeconomic and macroeconomic phenomena in their relationship with the real world. COMMUNICATION SKILLS Students will be able to describe economic problems analytically, with the opportunity to refer to the scientific literature proposed in the course. Students will also be able to interact in operational contexts related to economic phenomena, being able to develop analyses through the identification of causality links and the most appropriate methodologies to interpret them. ABILITY TO LEARN At the end of the Course students will be acknowledged of the theoretical references concerning the effects of fiscal and monetary policy. This will enable them to tackle studies in the economic and financial sectors at more advanced levels.

- Demand and supply - Consumption theory - Production - Market theory - Public intervention - Labor market - Growth and income distribution - Inflation - Unemployment - Money and banking

N.G. Mankiw, Principles of Economics, 7th ed.,

- Class lectures - Practical applications and exercises

Written exam

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