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

Knowledge of Italian language and elementary algebra slills No propaedeutic exams

- Sloman J., A. Wride, D. Garrat (2020). Microeconomia, Pearson. Sono da studiare i capitoli: 1, 2 (escluso § 2.5 ), 4 (esclusi §§ 4.2, 4.3 ), 6, 7 (escluso § 7.4 ), 8 (escluso § 8.3), 10 (esclusi §§ 10.2, 10.3, 10.4) - Dornbusch R., S. Fischer, R. Startz (2023). Macroeconomia, McGraw Hill. Sono da studiare i capitoli: 1, 2, 3 (escluso § 3.4), 4 (escluso § 4.6), 5, 6, 8 (escluso § 8.3), 9 (esclusi §§ 9.3, 9.4, 9.5, 9.6, 9.7, 9.8), 13 (esclusi §§ 13.6.3, 13.6.4). Si consiglia la lettura del capitolo 7 (esclusi §§ 7.5, 7.6). I riquadri di approfondimento/applicazione, le appendici e le formalizzazioni matematiche sono escluse. In alternativa al Dornbusch R., S. Fischer, R. Startz (2023). Macroeconomia, McGraw Hill: - Imbriani C., A. Lopes (2016). Macroeconomia, un’introduzione. Mercati, Istituzioni Finanziarie e Politiche, UTET, 2016. Sono da studiare i capitoli 1, 2, 3, 4, 5, 6, 8 (fino al § 8.5 incluso) e 9. I riquadri di approfondimento sono esclusi.

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 The market mechanism; market demand and supply; equilibrium price and quantity. Theory of demand: consumer equilibrium; income-consumption curve; price-consumption line; individual demand curve; market demand curve; elasticity. Theory of supply: the firm; production function; production costs. Features of competitive markets: the firm's profit-maximization condition; definition of the single firm's supply curve and market supply curve. Non-competitive markets and general properties of average and marginal revenue curves. Monopoly: monopolist's equilibrium; oligopolistic markets; Cournot duopoly; Sweezy model; monopolistic competition. Factor markets. Macroeconomics Macroeconomic variables, national accounting, equilibrium between saving and investment. Fixed-price macroeconomics: the goods market, equilibrium income, and the multiplier theory. The three sectors of the real macroeconomic system: the private sector, the public sector, and the foreign sector. The money market: money supply, money demand, and monetary equilibrium. Investment decisions and the role of the interest rate. 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.

Knowledge of basic algebra. No prerequisites required.

Sloman J., A. Wride, D. Garrat (2020). Microeconomia, Pearson. Chapters to study: 1, 2 (excluding § 2.5), 4 (excluding §§ 4.2), 6, 7 (excluding § 7.4), 8 (excluding § 8.3), 10 (excluding §§ 10.2, 10.3, 10.4). Dornbusch R., S. Fischer, R. Startz (2023). Macroeconomia, McGraw Hill. Chapters to study: 1, 2, 3 (excluding § 3.4), 4, 5, 6, 13. Suggested reading: Chapter 7 (excluding §§ 7.5, 7.6). Chapters 8 and 9 are replaced by two chapters provided by the lecturer on the Phillips curve and AS-AD models. In-depth/application boxes, appendices, and mathematical formalizations are excluded.

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.

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.

Microeconomics The market mechanism; market demand and supply; price and quantity equilibrium. The theory of demand; consumer equilibrium; the income-consumption curve; the price-consumption curve; individual demand curve; market demand curve; elasticity. The theory of supply; the firm; the production function; production costs. Characteristics of the competitive market; profit-maximizing condition of the firm; definition of the supply curve for individual firms and the market. Non-competitive markets and general properties of average and marginal revenue curves. Monopoly; monopolist equilibrium; oligopolistic markets; Cournot's duopoly; Sweezy's model; monopolistic competition. Markets for production factors. Macroeconomics Macroeconomic aggregates, national accounting, balance between savings and investment. Macroeconomics with fixed prices: the goods market, equilibrium income, and the multiplier theory. The three sectors of the real macroeconomic system: the private sector, the public sector, and the foreign sector. The 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 active participation from students is strongly recommended.

Microeconomics: Sloman J., D. Garratt, J. Guest (2021). Microeconomia, Pearson - decima edizione (edizione italiana a cura di Filippo Reganati). Chapters 1, 2 (§ 2.5 excluded ), 4 (§ 4.2 excluded), 6 (§ 6.4 excluded), 7 (§ 7.4 excluded), 8 (§ 8.3 excluded), 10 (§§ 10.2, 10.3, 10.4 excluded). Macroeconomics: - Dornbusch R., S. Fischer, R. Startz, et al. (2024). Macroeconomia, 13/Ed., McGraw Hill. Chapters 1, 2, 3 (§ 3.4 excluded), 4 (§ 4.6 excluded), 5, 6, 8 (§ 8.3 excluded), 9 (§§ 9.3, 9.4, 9.5, 9.6, 9.7, 9.8 excluded), 13 (§§ 13.6.3, 13.6.4 excluded). The reading of Chapter 7 is recommended (§§ 7.5, 7.6 excluded). The boxes/sidebars, appendices, and mathematical formalizations are excluded. As an alternative to Dornbusch et al. (2024): - Imbriani C., A. Lopes (2016). Macroeconomia, un’introduzione. Mercati, Istituzioni Finanziarie e Politiche. UTET, 2016. Students are required to study chapters 1, 2, 3, 4, 5, 6, 8 (up to and including § 8.5), and 9. The boxes/sidebars are excluded. Additional readings may be suggested during the lectures.

Attendance is not mandatory, but active participation from students is strongly recommended.

Learning assessment is based on the successful completion of a written exam and an oral examination. The written exam consists of questions that may also require graphical representations. The oral exam usually takes place on the same day as the written exam. For attending students: two intermediate assessments are scheduled, with the same structure as the final written exam (open questions with graphical analysis). Passing both intermediate assessments is equivalent to passing the final exam. The oral discussion may be requested by the teacher to better evaluate the results of the written exam or by the student to improve the results obtained in the intermediate assessments. Overall, each test aims to verify the acquisition of the entire set of skills outlined in the above-described learning objectives. The assessment will be conducted based on the following criteria: knowledge of the topics, clarity of presentation, appropriate language proficiency, effective exposition supported by valid arguments, and the ability to synthesize information. To pass the exam, a score of no less than 18/30 is required. The student must demonstrate sufficient knowledge of the topics covered and the ability to present them with linguistic proficiency and the capacity to make connections. To achieve the maximum score, the student must demonstrate excellent knowledge of all the topics covered during the course, being able to link them logically and coherently.

In addition to the textbooks, the course includes lectures with the formulation of questions and a dialogical approach to the topics. These lectures will be complemented by in-depth seminars, exercises, economic experiments, and collective discussions in the classroom. Digital resources will be utilized, particularly an e-learning platform (registration details for which will be provided in class) for the distribution of educational materials and communication with students.

First part. Microeconomics. 1. Equations and graphical representation of equations. 2. Consumer and demand theory. 3. Firm and supply theory. 4. Market equilibrium in perfect competition. 5. Welfare analysis in perfect competition. 6. Monopoly and natural monopoly. 7. Welfare loss due to monopoly. 8. Oligopolistic competition and introduction to collusion. Second part. Macroeconomics. 1. Macroeconomic variables and time-series data. 2. Topics in national accounting. 3. Neoclassical theory and Say’s law. 4. Keynes’s theory and effective-demand principle. 5. Neoclassical-synthesis theory and IS-LM model. 6. Introduction to balance of payments and BP curve. 7. Keynesian trade-off theory and AD-AS model. 8. Monetarism and new classical macroeconomics. 9. Introduction to new keynesian macroeconomics.

There are no prerequisites.

First part. Microeconomics. Sloman, J., Garratt, D., Guest, J. (2021) Microeconomia, Pearson Italia, Milano-Torino. Second part. Macroeconomics. Imbriani, C., Lopes, A. (2016) Macroeconomia, un’introduzione, UTET, Torino. Pivetti, M. (2002) Economia politica, Laterza, Roma-Bari. Or: Dornbusch, R., Fischer, S., Startz, R. (2020) Macroeconomia, McGraw-Hill Italia, Milano. Pivetti, M. (2002) Economia politica, Laterza, Roma-Bari. Please check https://corsidilaurea.uniroma1.it/it/users/corradoandiniuniroma1it for further information.

https://corsidilaurea.uniroma1.it/it/users/corradoandiniuniroma1it

Lecture attendance is not mandatory.

The assessment is based on a multiple-choice questionnaire.

https://corsidilaurea.uniroma1.it/it/users/corradoandiniuniroma1it

The teaching methodology is based on in-class lectures.