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Social sciences and humanities

Subject: ECONOMIC POLITICS (A.A. 2023/2024)

degree course in LAW IN BUSINESS AND PUBLIC ADMINISTRATION

Course year 1
CFU 6
Teaching units Unit Economia politica
Economics and Public Law (lesson)
  • TAF: Compulsory subjects, characteristic of the class SSD: SECS-P/01 CFU: 6
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

A good knowledge of the Italian language, oral and written, is required. A good higher education is certainly beneficial, with particular regard to general culture, elementary logical skills and the study method.

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.Attendance is not mandatory but recommended Language: Italian. Lectures, also contemplating, students' involvement and participation. Seminars or conferences might be offered on particular topics.

Assessment methods

The exam consists of an oral test lasting about 20/30 minutes. Any optional written exercises reserved for attending students are possible, to be carried out in a manner that will be communicated during the course.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 will be held in person,

Learning outcomes

Knowledge and Ability to Understand:
Upon completion of the course, students will have acquired critical knowledge of the fundamental characteristics of the economic system.

Applied Knowledge and Ability to Understand:
At the end of the course, through in-depth study of micro and macro economics, students will be able to understand the basic elements of the economic system.

Autonomy of Judgment:
At the end of the course, students will be able to adequately and independently use the knowledge acquired; they will have acquired the ability to critically analyze the economic framework in order to know how to correctly address firms decisions and economic policy decisions

Communication skills:
At the end of the course, students will have acquired new skills on the technical-economic level, will have increased their ability to communicate and interact with firms and legal practitioners and will know how to - effectively and appropriately use concepts, topics and terms of economic policy.

Learning Capabilities:
At the end of the teaching, students will have acquired the ability to independently and appropriately use the knowledge acquired for the continuous updating of their knowledge and skills.

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