ID:
GDF007
Dettaglio:
SSD: Political Economy
Duration: 36
CFU: 6
Located in:
BERGAMO
Url:
LAW - 65GDF-R/PERCORSO COMUNE Year: 1
Approval Status:
Draft
Year:
2025
The course aims to introduce the student to the understanding of the fundamentals of micro andmacroeconomic theory. From a microeconomic point of view, the objectives are articulated in providing tools: 1) to interpret the behavior and choices of individuals in the markets, specifying the role of agent-type" consumers" on the demand side, and "companies" on the supply side ; 2) to distinguish the characteristics of the main forms of market so as to appropriately connote the concept of "competition"; 3) understand the spaces of the malfunction of the market mechanisms (in the joints that see the emergence of the "gray zone"of the externalities, but can give rise to profiles of violation of the rules). From a macroeconomic point of view, the objectives are meant to provide a basic knowledge framework addressed to clarify the role of: 4) the main macroeconomic aggregates: income, employment, interest rates, general price level, exchange rate;5) money and finance in macroeconomic dynamics; 6) the international dimension in economic dynamics; 7) of State action in the various aspects of economic policy conduct.
None
Lecture
The exam is divided in two parts: written and oral. Written exam includes open and closed-form questions. Open questions imply quantitative exercises related to the application of basic theoretical concepts, as wellas critical thinking meant to test knowledge in depth. Closed-form questions are meant to test learning of technical definitions, and basic notions. During the class period, students will be asked to answer especially difficult questions related to the emergent empirical evidence either in microeconomics or macroeconomics. Such questions. The oral part of the exam have a logical structure equivalent to written part.
The course is a collection of seminars on basic issues related to micro and macroeconomics: 1) meaning andends of economic science; 2) theory of demand: principles of consumer choice; 3) theory of demand: thestrategic role of elasticity; 4)theory of supply: output decision by firms; 5)thoery of supply: the role ofmarket structure; 6) GNP, determination and dynamics (cycles vs. growth); 7)labour market, employmentand unemployment; 8)money and financial markets: do they set prices or interest rates?; 9) dealing withopen economies; 10) the role of the State: market failures and economic policies
Midterm