PRINCIPLES OF ECONOMICS FOR OPEN ECONOMIES

To explain concepts and provide notions useful to understand the functioning of open economies. This is an introductive course to the main economic concepts.

Face-to-face lectures.

1) The capitalist revolution

Reference: The Economy – Unit1

2) Market forces of supply and demand

Reference: MT15-ch3

3) Buyers, Sellers and Market Efficiency

Reference: MT15-cap.7

4) Interdependence and benefits of the exchange

Reference: MT15-ch19

5) An Overview of International Trade

Reference: Lecturer’s handout

6) Globalization of Production

Reference: Lecturer’s handout

7) Measuring the income of a country

Reference: MT15-ch20

8) Inequality of income and poverty

Reference: MT15-ch18

9) Production and Growth

Reference: MT15-ch22

10) Savings, investment and financial system

Reference: MT15-ch24

11) The financial crisis of 2008/09, Europe’s Debt Crisis

Reference: MT15-ch37

12) Exchange rates

Riferimento: MT15-cap.28 : pag 554-556 + slides slides “s12b”

13) Economic Institutions in Italy

Reference: Lecturer’s handout

A detailed version of this programme will be available on Studium at the end of the lectures.

MT15: Principi di Economia, N. G. Mankiw & M. P. Taylor, 2015 (6a edizione italiana), Zanichelli.

Book “The Economy”, free online https://www.core-econ.org/project/core-the-economy/

There is a book titled “L’Essenziale di Economia” that is a short version of the book “Principi di Economia”, both are edited by N. G. Mankiw & M. P. Taylor. All chapters in “L’Essenziale” are included in ‘Principi’. “L’Essenziale” is less expensive and could be sufficient if summed with the missing chapters present in “Principi”.

Please remember that in compliance with art 171 L22.04.1941, n. 633 and its amendments, it is illegal to copy entire books or journals, only 15% of their content can be copied. For further information on sanctions and regulations concerning photocopying please refer to the regulations on copyright (Linee Guida sulla Gestione dei Diritti d’Autore) provided by AIDRO - Associazione Italiana per i Diritti di Riproduzione delle opere dell’ingegno (the Italian Association on Copyright).

All the books listed in the programs can be consulted in the Library.