This course covers the fundamentals of microeconomics and macroeconomics analysis. The course begins with an introduction to supply and demand and the basic forces that determine an equilibrium in a market economy. Next, it introduces a framework for learning about consumer behavior and analyzing consumer decisions. We then turn our attention to firms and their decisions about optimal production, and the impact of different market structures on firms' behavior, competition and monopoly, and welfare economics. The final section of the course provides an introduction to some of macroeconomic issues, such as the determination of output, employment, unemployment, interest rates, and inflation. Monetary and fiscal policies are discussed.

The course is organized in two parts:
• Part 1: the first part of the course is dedicated to understanding consumer and firms behavior, analyzing different types of market structures (monopoly, oligopoly and a competitive market), studying the basic forces that determine an equilibrium in a market economy, i.e., supply and demand, and using supply and demand diagrams to analyze the impact of overall changes in supply and demand on price and quantity.
• Part 2: in the second part of the course we shall study the determination of output, employment, unemployment, interest rates, and inflation. We shall analyze the interactions between financial markets and the "real" economy in order to understand important policy debates about monetary and fiscal policies.

Knowledge and understanding: After completing this course, students will acquire knowledge and skills enabling them to understand basic economic concept as, for example, demand and supply, national accounts, employment theory, and fiscal and monetary policy.

Applying knowledge and understanding: By the end of the course students will be able to apply the concepts and knowledge gained to analyze specific political economy issues and problems relevant to the operation of the real economy.

Making judgments: Students will develop the ability to assess economic situations, to relate them to concrete problems and to suggest policy recommendations.

Communication skills: Through discussions in class, students will develop the ability to discuss with sound terminology and arguments aspects of the market economy and to debate economic policy problems using appropriate analytical tools and evidence.

Learning skills: At the end of the course, students are expected to develop a range of skills enabling them to understand economic concepts and use those concepts to analyze specific questions. They should be more autonomous and able to identify and evaluate economic aspects of some social problems.

The teaching material prepared by the lecturer in addition to recommended textbooks (such as for instance slides, lecture notes, exercises, bibliography) and communications from the lecturer specific to the course can be found inside the Moodle platform › blended.uniurb.it

Teaching

Lectures, seminars.

Course books

P.A. Samuelson, W.D. Nordhaus, C.A. Bollino, ECONOMIA, McGraw-Hill, 20^ Edizione, Capitoli 1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12, 13, 14, 15, 16, 18, 20, 21, 22, 23.

Assessment

Written exam.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

Course books

P.A. Samuelson, W.D. Nordhaus, C.A. Bollino, ECONOMIA, McGraw-Hill, 20^ Edizione, Capitoli 1, 2, 3, 4, 5, 6, 7, 8, 9, 11, 12, 13, 14, 15, 16, 18, 20, 21, 22, 23.

Assessment

Written exam.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

The student can take the exam in English, Español, Français.
References:
Economics, P.A. Samuelson, W.D. Nordhaus, McGraw-Hill Education.
Economía, P.A. Samuelson, W.D. Nordhaus, McGraw-Hill Interamericana.
Economie, P.A. Samuelson, W.D. Nordhaus, Editeur : Economica.