Economics

A.Y. 2024/2025
6
Max ECTS
42
Overall hours
SSD
SECS-P/01
Language
Italian
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 both other economic disciplines and juridical 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
Single course

This course can be attended as a single course.

Course syllabus and organization

Surname A-L

Responsible
Lesson period
First semester
Course syllabus
1. Microeconomics: introduction and methodology; key issues in economics; demand and supply: markets; demand and elasticity; production, efficiency and costs; market forms.
2. Macroeconomics: GDP, inflation, unemployment; aggregate demand and IS curve; financial markets and LM curve.
Prerequisites for admission
Knowledge of basic algebra.
Teaching methods
The course is offered through face-to-face classes on the foundations of microeconomic and macroeconomic theory, integrated by the analysis of case studies and exercises.
Teaching Resources
To prepare the exam, the primary textbook is:
- Principi di economia, R.H. Frank, B.S. Bernanke, K. Antonovics, O. Heffetz, 2022, McGraw-Hill.
- Additional material will be uploaded by the instructor on the MyARIEL website.
Assessment methods and Criteria
Written exam with open questions and exercises. Students will have the chance to take a partial exam (not compulsory) at the end of the microeconomics classes.
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 42 hours
Professor: Grieco Daniela
Shifts:
Turno
Professor: Grieco Daniela

Surname M-Z

Responsible
Lesson period
First semester
Course syllabus
Economy is the discipline that studies the optimal allocation of scarce resources to satisfy human individual and collective needs. It is composed of two branches: microeconomics and macroeconomics
The course is structured in the following three sections.
PART 1. Introduction
1. What is economics; object and methods of analysis; key issues
PART 2. Microeconomics
1. Demand, supply, equilibrium and economic policy
2. Demand elasticity
3. Theory of consumer choice
4. Theory of the firm: production, efficiency, costs;
5. Market forms: perfect competition, monopoly, monopolistic competition, oligopoly.
PART 3. MACROECONOMICS
1. Macroeconomic Aggregates, national accounts;
2. The Aggregate expenditure model: the components of spending; economic equilibrium
3. Money demand and supply, interest rate and the Central Bank.
4. The IS-LM model: the real sector and the monetary sector
5. The IS-LM model: macroeconomic equilibrium and economic policies
Prerequisites for admission
Knowledge of basic algebra.
Teaching methods
The course is offered through face-to-face classes on the foundations of microeconomic and macroeconomic theory, integrated by the analysis of case studies and exercises.
Teaching Resources
Principi di economia, R.H. Frank, B.S. Bernanke, K. Antonovics, O. Heffetz, 2022, McGraw-Hill.
Additional teaching material (i.e. lectures slides) will be uploaded on the ARIEL website during the course.
Assessment methods and Criteria
Exams will be in written form only, following the official exams calendar, and consist of open questions (both theory and exercises). The written test aims at verifying students' knowledge and understanding of the course contents.
The final mark is expressed out of 30. The pass mark is 18/30. The maximum mark is 30/30 cum laude.
Students attending the course can choose to take the exam in two partial assessments during the course semester (a mid-term exam and a final exam), each one weighting 50% of the overall examination mark. Detailed information on the written exams and on partial assessments will be provided during the course.
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 42 hours
Professor: Ferrario Caterina
Shifts:
Turno
Professor: Ferrario Caterina
Professor(s)
Reception:
wednesdays, 11-12
MS Teams - upon appointment by email