Political Economy

Course objectives

General goals The aim of the course is to illustrate the basic concepts of modern economic theory. In the frontal lessons, the exposition of theoretical issues is integrated with the description of the main features of contemporary economies. The first part of the course examines the consumer choice theory and the theory of the firm in order to clarify the forces that determine prices and quantities in the markets. The analysis is based on the study of both the individual choices and interaction among economic agents under different market regimes (perfect competition, monopoly). The second part deals with the functioning of economic systems seen as a whole. The aim is to provide the tools for the analysis and explanation of the evolution of the main macroeconomic variables (GDP, employment, consumption, investment, public budget, rates of interests). Specific goals More in detail, the course aims at allowing the student: A) to develop adequate basic knowledge and understanding in the field of Economics; B) to apply the knowledge and methods acquired to both the construction of lines of arguments and the analysis of complex problems in the field of economics; C) to develop autonomous views concerning economic issues; D) to properly communicate information, concepts, problems, and associated solutions in the field of Economics, even to a non-specialized audience; E) to acquire the knowledge and the learning methods necessary to pursue the study of economic disciplines in the subsequent academic years.

Channel 1
FABIO SABATINI Lecturers' profile

Program - Frequency - Exams

Course program
1. The capitalist revolution 2. Technology, population, and growth 3. Society, work, and choice 4. Social interactions 5. Property and power: mutual gains and conflict 6. The firm: owners, managers and employees 7. The firm and its customers 8. Supply and demand: price-taking and competitive markets 9. The labor market: wages, profit and unemployment 10. Banks, money and the credit market 11. Markets, efficiency and public policy 12. Unemployment and fiscal policy 13. Inflation and monetary policy
Prerequisites
Students need to have passed the Mathematics exam in advance.
Books
CORE Team (2021). L'Economia. Bologna: Il Mulino. The ebook is freely available here: https://www.core-econ.org/the-economy/it/
Teaching mode
Lectures will take place in presence and will be simultaneously streamed via Zoom.
Frequency
In-person
Exam mode
Written exam consisting of multiple choices questions and open questions.
Bibliography
CORE Team (2021). L'Economia. Bologna: Il Mulino. The ebook is freely available here: https://www.core-econ.org/the-economy/it/ Further readings will be provided by the teacher during the course.
Lesson mode
Lectures will take place in presence and will be simultaneously streamed via Zoom.
  • Lesson code1013712
  • Academic year2024/2025
  • CourseBusiness sciences
  • CurriculumEconomia e commercio (corso serale)
  • Year1st year
  • Semester2nd semester
  • SSDSECS-P/01
  • CFU9
  • Subject areaEconomico