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Social sciences and humanities

Subject: ECONOMIC POLITICS (A.A. 2022/2023)

single-cycle master degrees (5 years) in LAW

Course year 1
CFU 9
Teaching units Unit Economia politica-
Economics and Public Law (lesson)
  • TAF: Compulsory subjects, characteristic of the class SSD: SECS-P/01 CFU: 9
Teachers: Elisa VALERIANI
Exam type oral
Evaluation final vote
Teaching language Italiano
Contents download pdf download

Teachers

Elisa VALERIANI

Overview

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.

Admission requirements

Adequate preparation of secondary school

Course contents

First Part 3 CFU
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.

Second Part: 3 CFU
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.
Third Part 3 CFU
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 subdivision of the contents by CFU is to be understood as purely indicative and subject to modifications in the light of particular needs (eg updating needs).

Teaching methods

The course will take place in the I Semester (Fall term) on campus, compatibly with sanitary provisions. Language: Italian. Lectures, also contemplating, students' involvement and participation. Seminars or conferences might be offered on particular topics.

Assessment methods

The examination takes place in oral form. The students attending the course have the possibility to check their knowledge through an optional written test on the microeconomics. Both the verification procedures aimed at ascertaining the acquired student's ability to manage the micro and macro economic models, operating the necessary links, and to be able to critically use the knowledge acquired, privileging the figure of understanding than merely mnemonic. On the one hand, the test will include ten multiple choice questions and three open questions, in order to control not only the level of assimilation of the concepts, but also the ability to expose them as part of a stand-alone speech logically structured; on the other hand, the oral exam will be conducted in a dialogue mode to determine whether the examinee is able to establish connections between different subjects and to apply theoretical models learned, communicating clearly and unambiguously its conclusions. The examinations and intermediate tests will be held in person,

Learning outcomes

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.

Readings

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