Social sciences and humanities
Subject: ECONOMIC POLITICS (A.A. 2020/2021)
Unit Economia politica-
Economics and Public Law (lesson)
The course aims to provide students with methods for economic analysis and tools for reading and understanding the logical reasoning in economics and the mechanism of price formation in the contemporary social system. The teaching method examines the role of the markets and the analysis of the behavior of economic units (families, consumers, enterprises), also using the primary language of mathematical analysis, analysis of the functioning of markets and outline some questions of law and economics. They are then highlighted the main elements of institutional base of macroeconomics.
Students will be asked to master the terminologies and methods used in the analysis of problems and economic choices.
Adequate preparation of secondary school
The economic system: economic players and their interdependence. Consumer choice. Consumer equilibrium. Individual demand and market demand. The meaning of elasticity. Businesses and their operative aims. Production, productivity and the law of returns. The optimal combination of the factors of production. Production and supply costs. Revenues. Profit maximization and the behaviour of businesses in different market conditions. Perfect competition. Monopoly. The supply and demand of the factors of production. Monopolistic competition. Oligopoly. Strategic barriers to market entry. Game theory. New contributions to business analysis and market organization. Principles of economic analysis of ownership rights and contractual rights. Uncertainty and information. Macroeconomic measurement. Consumption and its determinants at the theoretical level. The multiplier effect. Investments. The determination of national income and aggregate demand. Equilibrium of the goods and services market. Currency. Monetary aggregates and the role of the ECB. Equilibrium of the monetary market. IS-LM equilibrium. National income and the level of prices. Aggregate supply and the AS-AD model. The balance of payments and exchange rates. Long-term consumer behaviour. Equilibrium in an open economy. Economic efficiency. Antitrust laws and market regulation.
The course takes place in the I Term and will be offered on line due to the Covid-19 situation. Teaching is mainly delivered through lectures. Possible seminars ay be organised with the intervention of experts, aimed at the study of specifics topics.
Exams will take place either on campus or on line depending on the evolution of the Covid-19 situation. Assesment is independent from attendance. There are two assessment options: one wholly oral (A), the other, on an optional basis, with a partial written test during the course and an oral supplement.
At the end of the course the student must achieve the following results
(a) Acquisition of the ability to frame the topics
b) Knowledge of the institutional profiles of the economics
c) Ability to apply the knowledge acquired in order to formulate and argue autonomous judgments also with reference to concrete cases.
(d) Ability to communicate clearly, either orally or in writing, to experienced, non-specialist audiences on matters of a general or relating to specific issues.
Alessandrini-Passarelli, Economia Politica, Seconda edizione, Cisalpino, 2004.: per gli studenti iscritti alla laurea magistrale in giurisprudenza dal capitolo 1 al capitolo 25 per gli studenti iscritti alla laurea triennale SGIPA dal capitolo 1 al capitolo 19.
Per gli studenti che devono integrare 3 CFU dal capitolo 20 al capitolo 25 incluso