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Microeconomics Consumer behavior theory. Demand theory. Firm theory. Production theory: costs and revenues. Firm behavior in perfect competition. The perfect competition market for goods and factors of production. Firm behavior in imperfect competition: monopoly and monopolistic competition. Firm behavior in imperfect competition: oligopoly. Macroeconomics Introduction to macroeconomics: macroeconomic variables and national accounting concepts. Equilibrium in the goods market: the income-expenditure model and the Keynesian multiplier in a closed economy. Equilibrium in financial markets: money supply and demand and the IS-LM model in a closed economy. Effectiveness of fiscal and monetary policies in a closed economy. Aggregate supply and demand: the debate between Keynesians and monetarists.

Knowledge of Italian language and elementary algebra slills No propaedeutic exams

Basile R. e Reganati F. (2026), Lezioni di economia politica. Giappichelli editore Chapters to study: 0, 1, 2, 3 (excluding § 3.3, 3.4, 3.5, 3.6), 4, 5, 6, 7 (excluding § 7.5 ), 8, 9, 10, 11, 12, 13, 14, 16.

Course attendance is strongly recommended

The assessment of learning is based on passing a written test comprising open-ended questions supported by graphical analysis. The oral discussion may be requested by the lecturer to better evaluate the results of the written test or by the student to improve the results, if in any case the written test has been passed. For attending students, two intermediate tests are scheduled, with the same structure as the written exam (open questions with graphic analysis); passing both intermediate tests is equivalent to passing the final test. Overall, each test is intended to verify the acquisition of the entire set of competences envisaged by the training objectives described above.

Microeconomics Consumer behavior theory. Demand theory. Business theory. Production theory: costs and revenues. Business behavior in perfect competition. The perfect competition market for goods and factors of production. Business behavior in imperfect competition: monopoly and monopolistic competition. Business behavior in imperfect competition: oligopoly. Macroeconomics Introduction to macroeconomics: macroeconomic variables and national accounting concepts. Equilibrium in the goods market: the income-expenditure model and the Keynesian multiplier in a closed economy. Equilibrium in financial markets: money supply and demand and the IS-LM model in a closed economy. Effectiveness of fiscal and monetary policies in a closed economy. Aggregate supply and demand: the debate between Keynesians and monetarists.

Knowledge of basic algebra. No prerequisites required.

Basile R. e Reganati F. (2026), Lezioni di economia politica. Giappichelli editore Chapters to study: 0, 1, 2, 3 (excluding § 3.3, 3.4, 3.5, 3.6), 4, 5, 6, 7 (excluding § 7.5 ), 8, 9, 10, 11, 12, 13, 14, 16.

Attendance is strongly recommended.

Learning assessment is based on passing a written exam with open-ended questions supported by graphical analysis. An oral discussion may be requested by the instructor to better evaluate the written exam results or by the student to improve their results, provided the written exam has been passed. For attending students, two intermediate assessments are provided, with the same structure as the written exam (open-ended questions with graphical analysis). Passing both intermediate tests is equivalent to passing the final exam. Overall, each test aims to verify the acquisition of the entire set of skills described in the learning objectives.

Lectures.

Microeconomics The market mechanism; market demand and supply; price and quantity equilibrium. Demand theory; consumer equilibrium; the income-consumption curve; the price-consumption line; individual demand curve; market demand curve; elasticity. Supply theory; the firm; production function; production costs. Characteristics of competitive markets; profit maximization condition of the firm; definition of the supply curve for an individual firm and the market. Non-competitive markets and general properties of average and marginal revenue curves. Monopoly; monopoly equilibrium; oligopolistic markets; Cournot's duopoly; Sweezy's model; monopolistic competition. Factor markets. Macroeconomics Macroeconomic variables, national accounting, balance between saving and investment. Macroeconomics at fixed prices: goods market, equilibrium income, and multiplier theory. The three sectors of the real macroeconomic system: private sector, public sector, and foreign sector. Money market. Money supply, money demand, and monetary equilibrium. Investment decisions and the role of interest rates. The IS-LM model. Effectiveness of fiscal and monetary policies. Labor market. Macroeconomic equilibrium with flexible prices. The AD-AS model. Balance of payments and exchange rates.

The course does not require any specific prerequisites, but the active participation of the students is strongly recommended.

Microeconomics: - Sloman J., D. Garratt, J. Guest (2021). Microeconomia, Pearson - 10 ed. Chapters to study: 1, 2 (excluding § 2.5), 4 (excluding §§ 4.2), 6 (excluding § 6.4),, 7 (excluding § 7.4), 8 (excluding § 8.3), 10 (excluding §§ 10.2, 10.3, 10.4). Macroeconomics: - Dornbusch R., S. Fischer, R. Startz, et al. (2024). Macroeconomia, 13/Ed., McGraw Hill. Chapters to study: 1, 2, 3 (excluding § 3.4), 4 (excluding § 4.6), 5, 6, 8 (excluding § 8.3), 9 (excluding §§ 9.3, 9.4, 9.5, 9.6, 9.7, 9.8), 13 (excluding §§ 13.6.3, 13.6.4). Reading Chapter 7 is recommended (excluding §§ 7.5, 7.6). In-depth analysis boxes, and mathematical formalizations are excluded. Additional readings may be suggested during lectures. Alternatively, instead of Dornbusch R., S. Fischer, R. Startz, et al. (2024). Macroeconomia, 13/Ed., McGraw Hill: - Imbriani C., A. Lopes (2016). Macroeconomia, un’introduzione. Mercati, Istituzioni Finanziarie e Politiche, UTET, 2016. Chapters to study: 1, 2, 3, 4, 5, 6, 8 (up to and including § 8.5), and 9. In-depth analysis boxes, and mathematical formalizations are excluded.

In presence.

The final exam is based on a written test and an oral examination. The written test consists of 4 questions that require graphical representations. For the evaluation of the written test, each question can earn a maximum of 8 points. The oral examination usually takes place on the same day as the written test. For attending students: two midterm assessments are planned, with the same structure as the final exam (open-ended questions with graphical analysis). Passing both midterms is equivalent to passing the final exam. The oral examination may be requested by the instructor to better evaluate the results of the written test or by the student to improve the results obtained in the midterms. Overall, each assessment aims to verify the acquisition of the entire set of skills outlined in the above-described learning objectives.

Textbook and lectures supplemented by exercises, economic experiments, and collective class discussions.