ID:
22045
Dettaglio:
SSD: Political Economy
Duration: 72
CFU: 9
Located in:
DALMINE
Url:
MANAGEMENT ENGINEERING - 22-R/GENERALE Year: 1
Approval Status:
Draft
Year:
2025
The course aims at providing students with the main concepts and tools of economic analysis, both at the micro and at the macro level. By the end of the course, the student
- will have constructed a general framework of the relations among agents within the economic system;
- will have analyzed in detail the principles behind individuals' consumption choices and firms' production choices;
- will have acquired the knowledge of the conceptual tools necessary to identify and analyze the main forms of market competition and the policies to intervene in specific markets;
- will have learnt the definitions of the main aggregates of national income accounting and their relations;
- will be able to refer to a range of macroeconomic models (income-expenditure model, IS-LM model) in order to understand, at least broadly, the main economic policy problems
It is recommended to attend the course of Mathematical analysis.
The teaching consists of lectures (4 hours per week), exercise sessions (2 hours per week) and group tutorials (2- to 3-hour sessions, 18 hours in total). For exercise sessions, student are separated into 3 groups.
The final exam, which lasts one hour, is written and administered on a computer. It consists of multiple-choice questions (between 16 and 20), about 50% of which require problem-solving. Approximately 50–60% of the questions cover Part I – Microeconomics, while the remaining 40–50% pertain to Part II – Macroeconomics. Each question contributes equally to the final score.
There is no midterm exam.
Part I - Microeconomics. Basic concepts. Demand and supply. Consumer preferences. Constraints, choices and demand. Demand and welfare. Technology and production. Costs. Profit maximization. Strategic choices. Equilibrium and efficiency. Monopoly. Oligopoly.
Part II - Macroeconomics. National income accounting. Development, unemployment and inflation: Main facts. Income and expenditure. Money, interest and income. Monetary and fiscal policy. Central bank, money and credit.