Ateneo - UPO

Rationality and economics
Consumers, workers and firms
The State and the Market
Different types of market structures
Market failures
Macroeconomics – the main concepts

“Economia e Scienze Economiche”, handouts by M. Novarese (2017)”
This material can be downloaded from the DIR web-site of the course.

The aim of the course is to make students: understand the difference between models and reality and the functioning of the scientific method in the social sciences; understand the main research streams in the contemporary economics debate; develop the ability to think using the main economic concepts (applying cost-benefit analysis to basic economic problems, understanding its meaning and limits; developing a critical approach to the economic problems); understand the debate on human motivations; understand the main idea on the functioning of markets, mainly from a microeconomic point of view.

none

classroom teaching, online exercises

Attendance is recommended but not compulsory

The exam is based on a computerized test and can be divided in two parts. Exercises and practice tests are available on DIR.
The exams allow to test for the knowledge of the concpets and the capacity to apply them.

Economic reasoning and the instruments of economic analysis
The different approaches to economic science
Consumption
Firms, production and supply
Markets: perfect competition, monopoly, monopolistic competition, oligopoly
The markets of the factors of production: labour and capital
The market and the state
Market failures
Economics of information
The GDP
The national accountancy
Money
Inflation
Aggregate demand and supply
Comparative advantage and international trade
Employment and unemployment
The economic cycle
Economic growth

understanding the main economic ideas; developing critical reasoning