PRINCIPLES OF POLITICAL ECONOMY

Course objectives

The course is aimed to understand the basic microeconomic and macroeconomic theories and their implications in the European and international scenarios.

Channel 1
ANDREA BILLI Lecturers' profile

Program - Frequency - Exams

Course program
Microeconomics. Market’s mechanism; supply and demand. The theory of demand; the consumer’s equilibrium; the income-consumption curve; the price-consumption line; individual demand’s curve; market’s demand curve; demand elasticity. The theory of supply; production function; costs. Perfect competition and supply market curve. Models of imperfect competition. Macroeconomics. The national account system. The goods market. Money and financial markets. The fixed prices model: IS-LM. Fiscal and monetary policies. Labour market. The flexible prices model: AD-AS. Open economy: balance of payments and exchange rates.
Prerequisites
There are no prerequisites
Books
Fondamenti di Economia, Kennedy Prag (a cura diL. Zamparini) ISEDI 2017
Frequency
Attending the course is not compulsory
Exam mode
A short written test in propedutical to the oral exam
Bibliography
There are no additional references
Lesson mode
Classroom Lessons
  • Lesson code1031347
  • Academic year2025/2026
  • CourseLaw and public administration
  • CurriculumSingle curriculum
  • Year1st year
  • Semester2nd semester
  • SSDSECS-P/01
  • CFU9