Fundamentals of Economics
A.Y. 2020/2021
Learning objectives
The course aims to provide the student with a cultural dimension and a series of technical tools essential both for a concrete and current understanding of the legal problem and, more generally, for a realistic knowledge of the economic and social aspects of the contemporary world. The course therefore aims to provide an introductory conceptual system to the fundamental questions concerning the organization and functioning of modern economic systems. The emphasis is on the need for a critical orientation in the examination of the various problems and on the methodological need to have some simple, but rigorous, tools for analysis of reality. More precisely, the course aims to provide students with the basic notions of micro-economics and macro-economics so that they will be able to: - acquire knowledge and understand the mechanisms underlying the economic agents' choices in the different markets and the economic rules for the functioning of a national economy; - apply this knowledge and understanding in the solution of simple economic problems: - analyze, evaluate and comment in a conscious and critical way, with autonomy of judgement, the main micro and macroeconomic facts, through the knowledge and the competences acquired; - develop communication skills, participating with awareness and language ownership in the debate proposed in the classroom on the economic problems that will be stimulated by the teacher during the discussion of any topics; - finally, through the knowledge of the course program, develop their learning skills in relation to the study of other disciplines.
Expected learning outcomes
- Knowledge and understanding skills: the students will develop knowledge and will have to demonstrate understanding of the mechanisms that underlie the choices of economic operators in the different markets and the economic rules for the functioning of a national economy; - Application skills: during the frontal lessons will be offered the possibility to apply knowledge and understanding through the proposal of simple and practical economic problems that will be solved in the classroom with the involvement of the students; - Autonomy of judgment: the student, through the knowledge and competences acquired, will then be able to analyze, evaluate and comment in a conscious and critical way, with autonomy of judgment, the main micro and macroeconomic facts, as well as news and reports on economics presented by the media; - Communicative skills: the student will have to develop communication skills by participating with awareness and language properties in the debate proposed in the classroom on economic issues. This ability must, however, emerge during the written evaluation; - Learning skills: knowledge of the proposed program will enable students to develop their learning capacities in relation to the study both of other economic and legal disciplines.
Lesson period: Second semester
Assessment methods: Esame
Assessment result: voto verbalizzato in trentesimi
Single course
This course cannot be attended as a single course. Please check our list of single courses to find the ones available for enrolment.
Course syllabus and organization
A-K
Responsible
Lesson period
Second semester
TEACHING METHODS
Classes will be live-streamed on Microsoft Teams, following the lessons timetable. Live-streamed classes will be recorded and will be available to students on the same platform.
Relevant information about how to join the classes on Microsoft Teams and other instructions will be available on the Ariel website of the course. Please browse it regularly.
Students will be informed as soon as possible, through ARIEL website of the course, also in case they will be able to attend classroom lessons at University. This possibility will depend upon the evolution of the health emergency and the respect of the security directives.
In any case the classroom lessons will be recorded and will be available on the online platform.
Course syllabus and Teaching Resources (reference material)
The course syllabus and reference material are unchanged.
Learning Assessment methods
The exam consists of a written test with multiple choice questions and in the proctoring mode.
If the health situation will allow it, compatibly with the availability of classrooms and compliance with the necessary safety conditions, the written exam will take place in presence at University.
However, the possibility of carrying out the written exam through Microsoft Teams will be ensured for students who will be unable to move from their place of residence and / or domicile.
More indications and updates will be available on the Ariel website of the course. Please browse it regularly.
Classes will be live-streamed on Microsoft Teams, following the lessons timetable. Live-streamed classes will be recorded and will be available to students on the same platform.
Relevant information about how to join the classes on Microsoft Teams and other instructions will be available on the Ariel website of the course. Please browse it regularly.
Students will be informed as soon as possible, through ARIEL website of the course, also in case they will be able to attend classroom lessons at University. This possibility will depend upon the evolution of the health emergency and the respect of the security directives.
In any case the classroom lessons will be recorded and will be available on the online platform.
Course syllabus and Teaching Resources (reference material)
The course syllabus and reference material are unchanged.
Learning Assessment methods
The exam consists of a written test with multiple choice questions and in the proctoring mode.
If the health situation will allow it, compatibly with the availability of classrooms and compliance with the necessary safety conditions, the written exam will take place in presence at University.
However, the possibility of carrying out the written exam through Microsoft Teams will be ensured for students who will be unable to move from their place of residence and / or domicile.
More indications and updates will be available on the Ariel website of the course. Please browse it regularly.
Course syllabus
The program is divided into two parts:
The first part of the course is aimed at learning the terminology and the fundamentals of economic theory that allow the subsequent deepening of the microeconomic discipline, welfare economics and economics of the public sector.
The second part of the course introduces the study of the functioning of the macroeconomic system as a whole (e.g. growth, unemployment, inflation). In particular, the fundamental elements of national accounting and the financial and monetary economy will be presented. The course aims at deepening and interpret, in light of the notions introduced, some transversal topics, connected to the integrated vision of the Sustainable Development Goals (SDGs) of the UN 2030 Agenda (Goals: 5, 8, 10, 13).
The detailed teaching plan is structured as follows:
Introduction: what is the economy - definition, principles, tools, and methods.
Part I: Microeconomics Topics
Market: Supply and Demand. Equilibrium. Elasticity - Consumer Choice (Budget Constraint and Preferences) and Demand - Cost and Supply Curves - Market Types.
Welfare economics and Public Sector: Surplus - Market failures (Externalities, Public Goods, Asymmetric Information, Market Power); Taxation and subsidies.
Part II: Macroeconomics Topics
Measure the well-being of a nation and the cost of living.
The real economy in the long run (Production and growth - Unemployment - Monetary system and inflation - Impact of monetary and fiscal policies).
Short-term economic fluctuations.
The first part of the course is aimed at learning the terminology and the fundamentals of economic theory that allow the subsequent deepening of the microeconomic discipline, welfare economics and economics of the public sector.
The second part of the course introduces the study of the functioning of the macroeconomic system as a whole (e.g. growth, unemployment, inflation). In particular, the fundamental elements of national accounting and the financial and monetary economy will be presented. The course aims at deepening and interpret, in light of the notions introduced, some transversal topics, connected to the integrated vision of the Sustainable Development Goals (SDGs) of the UN 2030 Agenda (Goals: 5, 8, 10, 13).
The detailed teaching plan is structured as follows:
Introduction: what is the economy - definition, principles, tools, and methods.
Part I: Microeconomics Topics
Market: Supply and Demand. Equilibrium. Elasticity - Consumer Choice (Budget Constraint and Preferences) and Demand - Cost and Supply Curves - Market Types.
Welfare economics and Public Sector: Surplus - Market failures (Externalities, Public Goods, Asymmetric Information, Market Power); Taxation and subsidies.
Part II: Macroeconomics Topics
Measure the well-being of a nation and the cost of living.
The real economy in the long run (Production and growth - Unemployment - Monetary system and inflation - Impact of monetary and fiscal policies).
Short-term economic fluctuations.
Prerequisites for admission
Basic skills in mathematics and logic.
Teaching methods
Teaching is provided by means of face-to-face lessons designed to present the foundations of microeconomic and macroeconomic theory, including the analysis of case studies and exercises.
Teaching Resources
N.G.Mankiw, L'essenziale di economia, Zanichelli, 2016.
Chapters 1, 2, 4-8, 10-15, 16 (escl. par. 16.2), 17-20, 22-26. Online: ch. 25.
The teaching materials used by the teacher (slides) and other additional materials will be made available during the lessons and available in Ariel.
The chapters not covered in class are excluded from the exam program and explained in details by the teacher during the course.
Chapters 1, 2, 4-8, 10-15, 16 (escl. par. 16.2), 17-20, 22-26. Online: ch. 25.
The teaching materials used by the teacher (slides) and other additional materials will be made available during the lessons and available in Ariel.
The chapters not covered in class are excluded from the exam program and explained in details by the teacher during the course.
Assessment methods and Criteria
The exam consists of a single written test covering the entire program.
The written test is aimed at verifying the students' disciplinary knowledge and interpretative skills as well as the reasoning skills based on the theoretical tools presented during the course.
The exam questions include a series of multiple choice.
The final mark is expressed in 30 points.
The written test is aimed at verifying the students' disciplinary knowledge and interpretative skills as well as the reasoning skills based on the theoretical tools presented during the course.
The exam questions include a series of multiple choice.
The final mark is expressed in 30 points.
SECS-P/01 - ECONOMICS - University credits: 9
Lessons: 60 hours
L-Z
Lesson period
Second semester
TEACHING METHODS
Classes will be live-streamed on Microsoft Teams, following the lessons timetable. Live-streamed classes will be recorded and will be available to students on the same platform.
Relevant information about how to join the classes on Microsoft Teams and other instructions will be available on the Ariel website of the course. Please browse it regularly.
Students will be informed as soon as possible, through ARIEL website of the course, also in case they will be able to attend classroom lessons at University. This possibility will depend upon the evolution of the health emergency and the respect of the security directives.
In any case the classroom lessons will be recorded and will be available on the online platform.
Course syllabus and Teaching Resources (reference material)
The course syllabus and reference material are unchanged.
Learning Assessment methods
The exam consists of a written test with multiple choice questions and in the proctoring mode.
If the health situation will allow it, compatibly with the availability of classrooms and compliance with the necessary safety conditions, the written exam will take place in presence at University.
However, the possibility of carrying out the written exam through Microsoft Teams will be ensured for students who will be unable to move from their place of residence and / or domicile.
More indications and updates will be available on the Ariel website of the course. Please browse it regularly.
Classes will be live-streamed on Microsoft Teams, following the lessons timetable. Live-streamed classes will be recorded and will be available to students on the same platform.
Relevant information about how to join the classes on Microsoft Teams and other instructions will be available on the Ariel website of the course. Please browse it regularly.
Students will be informed as soon as possible, through ARIEL website of the course, also in case they will be able to attend classroom lessons at University. This possibility will depend upon the evolution of the health emergency and the respect of the security directives.
In any case the classroom lessons will be recorded and will be available on the online platform.
Course syllabus and Teaching Resources (reference material)
The course syllabus and reference material are unchanged.
Learning Assessment methods
The exam consists of a written test with multiple choice questions and in the proctoring mode.
If the health situation will allow it, compatibly with the availability of classrooms and compliance with the necessary safety conditions, the written exam will take place in presence at University.
However, the possibility of carrying out the written exam through Microsoft Teams will be ensured for students who will be unable to move from their place of residence and / or domicile.
More indications and updates will be available on the Ariel website of the course. Please browse it regularly.
Course syllabus
The program is divided into two parts:
The first part of the course is aimed at learning the terminology and the fundamentals of economic theory that allow the subsequent deepening of the microeconomic discipline, welfare economics and economics of the public sector.
The second part of the course introduces the study of the functioning of the macroeconomic system as a whole (e.g. growth, unemployment, inflation). In particular, the fundamental elements of national accounting and the financial and monetary economy will be presented. The course aims at deepening and interpret, in light of the notions introduced, some transversal topics, connected to the integrated vision of the Sustainable Development Goals (SDGs) of the UN 2030 Agenda (Goals: 5, 8, 10, 13).
The detailed teaching plan is structured as follows:
Introduction: what is the economy - definition, principles, tools, and methods.
Part I: Microeconomics Topics
Market: Supply and Demand. Equilibrium. Elasticity - Cost and Supply Curves - Market Types.
Welfare economics and Public Sector: Surplus - Market failures (Externalities, Public Goods, Market Power); Taxation and subsidies.
Part II: Macroeconomics Topics
Measure the well-being of a nation and the cost of living.
The real economy in the long run (Production and growth - Unemployment - Monetary system and inflation - Impact of monetary and fiscal policies).
Short-term economic fluctuations.
The first part of the course is aimed at learning the terminology and the fundamentals of economic theory that allow the subsequent deepening of the microeconomic discipline, welfare economics and economics of the public sector.
The second part of the course introduces the study of the functioning of the macroeconomic system as a whole (e.g. growth, unemployment, inflation). In particular, the fundamental elements of national accounting and the financial and monetary economy will be presented. The course aims at deepening and interpret, in light of the notions introduced, some transversal topics, connected to the integrated vision of the Sustainable Development Goals (SDGs) of the UN 2030 Agenda (Goals: 5, 8, 10, 13).
The detailed teaching plan is structured as follows:
Introduction: what is the economy - definition, principles, tools, and methods.
Part I: Microeconomics Topics
Market: Supply and Demand. Equilibrium. Elasticity - Cost and Supply Curves - Market Types.
Welfare economics and Public Sector: Surplus - Market failures (Externalities, Public Goods, Market Power); Taxation and subsidies.
Part II: Macroeconomics Topics
Measure the well-being of a nation and the cost of living.
The real economy in the long run (Production and growth - Unemployment - Monetary system and inflation - Impact of monetary and fiscal policies).
Short-term economic fluctuations.
Prerequisites for admission
Basic skills in mathematics and logic.
Teaching methods
Frontal lessons and individual study.
The course will address different topics of economic science through a mainly descriptive and not very formalized approach with the help of graphs, examples and applications drawn from real world and daily experience.
The first lessons will be dedicated to providing the basic mathematical tools for a complete understanding of the topics covered in the following lectures.
The course will address different topics of economic science through a mainly descriptive and not very formalized approach with the help of graphs, examples and applications drawn from real world and daily experience.
The first lessons will be dedicated to providing the basic mathematical tools for a complete understanding of the topics covered in the following lectures.
Teaching Resources
N.G.Mankiw, L'essenziale di economia, Zanichelli, 2016.
Chapters 1, 2, 4-8, 10-15, 16 (escl. par. 16.2), 17-20, 22-26. Online: ch. 25.
The teaching materials used by the teacher (slides) and other additional materials will be made available during the lessons.
The chapters not covered in class are excluded from the exam program and explained in details by the teacher during the course.
Chapters 1, 2, 4-8, 10-15, 16 (escl. par. 16.2), 17-20, 22-26. Online: ch. 25.
The teaching materials used by the teacher (slides) and other additional materials will be made available during the lessons.
The chapters not covered in class are excluded from the exam program and explained in details by the teacher during the course.
Assessment methods and Criteria
The exam consists of a single written test covering the entire program.
The written test is aimed at verifying the students' disciplinary knowledge and interpretative and argumentative skills as well as the reasoning skills basTheed on the theoretical tools presented during the course.
The exam questions include a series of multiple choice and/or true/false questions and open-ended questions, structured in several points. Questions will be review questions and may consist in terminological definitions, short synthetic essays and/or the resolution of simple economic problems.
Criteria for evaluation:
a) knowledge of the topic and relevance of the content requested;
b) argumentative capacity and logical consistency in the conduct of the discussion;
c) clarity and completeness, with particular attention to terminological precision.
The final mark is expressed in 30 points. Each question is worth a variable number of points depending on the question and will be made explicit on the text. The final mark is given by the sum of the points obtained in the answers.
The written test is aimed at verifying the students' disciplinary knowledge and interpretative and argumentative skills as well as the reasoning skills basTheed on the theoretical tools presented during the course.
The exam questions include a series of multiple choice and/or true/false questions and open-ended questions, structured in several points. Questions will be review questions and may consist in terminological definitions, short synthetic essays and/or the resolution of simple economic problems.
Criteria for evaluation:
a) knowledge of the topic and relevance of the content requested;
b) argumentative capacity and logical consistency in the conduct of the discussion;
c) clarity and completeness, with particular attention to terminological precision.
The final mark is expressed in 30 points. Each question is worth a variable number of points depending on the question and will be made explicit on the text. The final mark is given by the sum of the points obtained in the answers.
SECS-P/01 - ECONOMICS - University credits: 9
Lessons: 60 hours
Professor:
Bozzano Monica
Professor(s)
Reception:
14.30 -15.30
Dipartimento di Diritto Privato e Storia del Diritto, stanza 1117