MICROECONOMIC ASPECTS OF PUBLIC INTERVENTION
Learning outcomes of the course unit
At the end of the course the students know the basics of the microeconomic theory (market, demand and supply, consumer theory, etc.) and are able to understand the differences between the main forms of market (perfect competition, monopoly and oligopoly). In addition, they are able to understand and also critically address the major macroeconomic issues (inflation, unemployment, balance of payments).
After the course the students are able to express an opinion concerning the events and/or situations related to the economic system and the choices of consumers and firms. At the end of the lectures, students are able to attend an interview on economic issues (concepts, definitions, implications) with professionals operators. At the end of the course students are able to use the techniques of analysis of microeconomics and macroeconomics, in particular with reference to the basic mathematical formulas.
Course contents summary
- Fundamental concepts.
- Competition and invisible hand.
- Imperfections and market failures.
- International trade and integration.
- Macroeconomics: issues and data.
- The long-term economics.
- The short-term economics.
Aspetti microeconomici dell’intervento pubblico (Istituzioni di Economia)
Da Frank, Bernanke – Principi di Economia 4a ed.
Create McGraw-Hill Education
Acquisition of knowledge: lectures. Acquisition of the ability to apply knowledge: classes and seminars. Acquisition of judgment: during the course students will be stimulated to verify the results obtained in models of economics and to compare them with respect to the empirical evidence. Acquisition of learning skills: for each topic we will start by disclosure of the assumptions of the model, and examine critically the main outcomes resulting. Acquisition of technical language: during the course will be introduced and discussed the main definitions of the concepts (eg, supply, demand, market) commonly used in the language of economics
Assessment methods and criteria
Final assessment of learning is done through a written examination. The ability to apply knowledge will be assessed with exercises and openended
questions. Learning ability and independence of judgment will be assessed by examining how to solve the exercises given by each student in the final exam. The ability to communicate with the appropriate technical language will be evaluated through the analysis of expressions and definitions used by the student in the open-ended questions. The threshold of sufficiency has been set equal to the value of 18.