FOUNDAMENTALS OF ECONOMICS A - O

SECS-P/01 - 9 CFU - 2° Semester

Teaching Staff

FRANCESCO REITO

Detailed Course Content

Principles of Economics. Basic mathematics. Consumer theory. Elasticity of demand. Labor supply. Production. Costs. Perfect competition. Monopoly. Monopolistic competition. Oligopoly. Labor demand. Public goods and externalities. National production. Economic cycle. Money supply and demand. Aggregate demand and supply. Fiscal policy. Monetary policy. Inflation.

30 lectures (2 h).

Each lecture will cover about 2/3 of each topic. Obviously, it cannot be predicted with accuracy how many and what topics will be covered in each specific lecture, because this depends on the difficulty of each topic, on the interest by students and on the class discussions that arise at the end of each lecture.

 

Topics

References

1. Principles of Economics

1. Ch 1 – 3. Ch 1

2. Basic mathematics

1. Ch 2

3. Consumer theory

1. Chs 3, 4, 10 – 4. Ch 8

4. Elasticity of demand

1. Chs 6, 7

5. Labor supply

1. Ch 19 – 5. Ch 3

6. Production

1. Ch 11,

7. Costs

1, Ch 11 – 6. Ch 4

8. Perfect competition

1. Ch 12

9. Monopoly

1. Ch 13

10. Monopolistic competition

1. Ch 15

11. Oligopoly

1. Ch 14

12. Labor demand

1. Ch 19 – 5. Ch 8

13. Public goods and externalities

1. Chs 16, 17

14. National production

2. Chs 6, 7

15. Economic cycle

2. Ch 8, 9

16. Money supply and demand

2. Ch 10

17. Aggregate demand and supply

2. Ch 12

18. Fiscal policy

2. Chs 10, 13

19. Monetary policy

2. Chs 14, 15

20. Inflation

2. Chs 16, 17, 18

Textbook Information

All required course materials will be provided through the webpage “Studium”: http://studium.unict.it/.

The following textbooks may be used as study resources, but are not strictly required.

1. “MIcroeconomia” by Krugman, P. and Wells, R. (2012), Zanichelli Editore.

2. “Macroeconomia” by Krugman, P. and Wells, R. (2012), Zanichelli Editore.

3. “Teoria economica (prezzi e distribuzione)” by Graziani, A. (chapter 1)

4. “Microeconomia” by Varian, A. (Chapter 8)

5. “Istituzioni di Economia” by La Rosa, R. (Chapters 3, 8)

6. “Economia” by Begg, D., Fischer, S. and Dornbush, R. (Chapter 4)



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