00256 - Political Economy

Academic Year 2014/2015

  • Moduli: Carlo Mazzaferro (Modulo 1) Roberto Patuelli (Modulo 2)
  • Teaching Mode: Traditional lectures (Modulo 1) Traditional lectures (Modulo 2)
  • Campus: Rimini
  • Corso: First cycle degree programme (L) in FINANCE, INSURANCE AND BUSINESS (cod. 8053)

Learning outcomes

To give students fundamental theoretical basic microeconomic as well as macroeconomic principles. At the end of the course the student should be able to interpret the behaviour of and the interactions between: consumers, firms and public sector within a market economy. Particular focus will be given to the theory of consumption, the theory of production and market analysis.

Course contents

1. Demand and supply in a market economy

2. Elasticity and its applications

3. The demand theory and consumer behaviour

4. Supply theory, thecnology and production costs

5. Markets and welfare: consumer surplus

6. Supply, demand and economic policy

7. Perfect competition and monopoly

8. Introduction to the macroeconomics

9. National income

10. Production and growth in the long run

11. Saving, investment and the financial sector

12. The natural unemployment rate

13. The monetary system and the Central Bank

14. Monetary growth and the inflation

15. aggrregate demand and supply

16.Short run fluctuations and economic policies

Readings/Bibliography

Mankiw, G.- M. Taylor, L'essenziale di economia, Quinta edizione, Zanichelli, 2011 (Capp. 1, 2, 4, 5, 6, 7, 8, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27)

Teaching methods


Assessment methods

At the end of the course a written test will be offered to students that have attended lectures. Alternatively there is a horal examinations

Teaching tools


Office hours

See the website of Carlo Mazzaferro

See the website of Roberto Patuelli