Giurisprudenza | Political Economy

cod. 0160100069

POLITICAL ECONOMY

	0160100069
	DIPARTIMENTO DI SCIENZE GIURIDICHE (SCUOLA DI GIURISPRUDENZA)
	EQF7
	LAW
	2020/2021

PERCORSO UNIQUE CURRICULUM

	OBBLIGATORIO
	YEAR OF COURSE 2
	YEAR OF DIDACTIC SYSTEM 2012
	SECONDO SEMESTRE

TEACHING UNITS

	SSD	CFU	HOURS	ACTIVITY	TYPE OF ACTIVITY
	SECS-P/01	9	81	LESSONS	COMPULSORY SUBJECTS, CHARACTERISTIC OF THE CLASS

PROFESSORS

	SALVATORE FARACE T Curriculum
	EMANUELE SALSANO Curriculum

	Objectives
	THE COURSE AIMS TO GIVE THE STUDENTS THE BASIC INSTRUMENTS USEFUL TO UNDERSTAND THE MAIN ECONOMIC FACTS AND PHENOMENA, STARTING FROM THE MECHANISM OF THE INDIVIDUAL CHOICES TO THE EFFECTS OF ECONOMIC POLICIES ON THE COMMUNITIES. ACQUIRING KNOWLEDGE AND UNDERSTANDING BASIC AND GENERAL KNOWLEDGE OF THE MAIN PRINCIPLES AND RULES OF ECONOMICS AND OF THE MECHANISM AT MICRO AND MACRO LEVEL APPLYING KNOWLEDGE AND UNDERSTANDING ABILITY TO ANALYSE THE BASIC DAILY ECONOMIC “FACTS”; ABILITY TO UNDERSTAND THE ECONOMIC DYNAMIC AND TENDENCIES AT MICRO AND MACRO LEVEL MAKING INFORMED JUDGEMENTS AND CHOICES ABILITY TO UNDERSTAND THE DAILY ECONOMIC DYNAMIC AND TO UNDERSTAND THE COMPLEXITY AT MICRO AND MACRO LEVEL COMMUNICATING KNOWLEDGE AND UNDERSTANDING ABILITY TO UNDERSTAND AND DESCRIBE THE MAIN ECONOMIC DATA AND INFORMATION TO A NON SPECIALISED AUDIENCE; ABILITY TO EXPLAIN THE MEANINGS OF THE MAIN ECONOMIC INDICATORS AND PHENOMENON. CAPACITIES TO CONTINUE LEARNING ABILITY TO ACQUIRE BASIC DATA AND INFORMATION USEFUL IN ORDER TO ENRICH OWN COMPETENCES IN THE ECONOMIC FIELD; ABILITY TO ANALYSE SECTORAL DATA AT MICRO AND MACRO LEVEL USEFUL FOR PEOPLE WITH A DEGREE IN LAW

THE COURSE AIMS TO GIVE THE STUDENTS THE BASIC INSTRUMENTS USEFUL TO UNDERSTAND THE MAIN ECONOMIC FACTS AND PHENOMENA, STARTING FROM THE MECHANISM OF THE INDIVIDUAL CHOICES TO THE EFFECTS OF ECONOMIC POLICIES ON THE COMMUNITIES.

ACQUIRING KNOWLEDGE AND UNDERSTANDING
BASIC AND GENERAL KNOWLEDGE OF THE MAIN PRINCIPLES AND RULES OF ECONOMICS AND OF THE MECHANISM AT MICRO AND MACRO LEVEL

APPLYING KNOWLEDGE AND UNDERSTANDING
ABILITY TO ANALYSE THE BASIC DAILY ECONOMIC “FACTS”; ABILITY TO UNDERSTAND THE ECONOMIC DYNAMIC AND TENDENCIES AT MICRO AND MACRO LEVEL

MAKING INFORMED JUDGEMENTS AND CHOICES
ABILITY TO UNDERSTAND THE DAILY ECONOMIC DYNAMIC AND TO UNDERSTAND THE COMPLEXITY AT MICRO AND MACRO LEVEL

COMMUNICATING KNOWLEDGE AND UNDERSTANDING
ABILITY TO UNDERSTAND AND DESCRIBE THE MAIN ECONOMIC DATA AND INFORMATION TO A NON SPECIALISED AUDIENCE; ABILITY TO EXPLAIN THE MEANINGS OF THE MAIN ECONOMIC INDICATORS AND PHENOMENON.

CAPACITIES TO CONTINUE LEARNING
ABILITY TO ACQUIRE BASIC DATA AND INFORMATION USEFUL IN ORDER TO ENRICH OWN COMPETENCES IN THE ECONOMIC FIELD; ABILITY TO ANALYSE SECTORAL DATA AT MICRO AND MACRO LEVEL USEFUL FOR PEOPLE WITH A DEGREE IN LAW

	Prerequisites
	BASIC KNOWLEDGE OF WRITTEN AND ORAL ITALIAN; BASIC KNOWLEDGE OF MATHEMATICS.

	Contents
	MICROECONOMICS THE BASIC OF ECONOMICS; THE MARKET; DEMAND AND SUPPLY; INDIVIDUAL CHOICE AND CONSUMER BEHAVIOUR; PRODUCTION AND TECHNOLOGY; SHORT AND LONG RUN; THE THEORY OF COST; PERFECT COMPETITION; MONOPOLY; OLIGOPOLY; MONOPOLISTIC COMPETITION; EFFICIENCY; JOB MARKET; PUBLIC EXPENDITURE AND FISCAL POLICY, ANTITRUST POLICY AND REGULATION. MACROECONOMICS THE ACTORS OF MACROECONOMICS; ECONOMIC CIRCULAR FLOW; NATIONAL ACCOUNTABILITY AND GDP CALCULATION; AGGREGATE DEMAND AND SUPPLY; THEORIES OF CONSUMPTION AND THEORIES OF INVESTMENT; KEYNES MODEL OF INCOME DETERMINATION; MONEY: DEFINITION AND CHARACTERISTICS; THE CENTRAL BANK AND THE FINANCIAL MARKET; THE IS-LM MODEL; MONETARY AND FISCAL POLICY; INFLATION; JOB MARKET; ECONOMIC CYCLE. THE PUBLIC SECTOR: FISCAL SYSTEM AND PUBLIC EXPENDITURE; INTERNATIONAL TRADE: EXCHANGE RATE AND BALANCE OF PAYMENTS, INTERNATIONAL TRADE; EUROPEAN MONETARY UNION AND THE MAASTRICHT TREATY.

Contents

MICROECONOMICS
THE BASIC OF ECONOMICS; THE MARKET; DEMAND AND SUPPLY; INDIVIDUAL CHOICE AND CONSUMER BEHAVIOUR; PRODUCTION AND TECHNOLOGY; SHORT AND LONG RUN; THE THEORY OF COST; PERFECT COMPETITION; MONOPOLY; OLIGOPOLY; MONOPOLISTIC COMPETITION; EFFICIENCY; JOB MARKET; PUBLIC EXPENDITURE AND FISCAL POLICY, ANTITRUST POLICY AND REGULATION.

MACROECONOMICS
THE ACTORS OF MACROECONOMICS; ECONOMIC CIRCULAR FLOW; NATIONAL ACCOUNTABILITY AND GDP CALCULATION; AGGREGATE DEMAND AND SUPPLY; THEORIES OF CONSUMPTION AND THEORIES OF INVESTMENT; KEYNES MODEL OF INCOME DETERMINATION; MONEY: DEFINITION AND CHARACTERISTICS; THE CENTRAL BANK AND THE FINANCIAL MARKET; THE IS-LM MODEL; MONETARY AND FISCAL POLICY; INFLATION; JOB MARKET; ECONOMIC CYCLE.
THE PUBLIC SECTOR: FISCAL SYSTEM AND PUBLIC EXPENDITURE; INTERNATIONAL TRADE: EXCHANGE RATE AND BALANCE OF PAYMENTS, INTERNATIONAL TRADE; EUROPEAN MONETARY UNION AND THE MAASTRICHT TREATY.

	Teaching Methods
	THE COURSE IS ORGANIZED IN 81 HOURS OF LESSONS; THE COURSE BASED ON FRONTAL LECTURES; LESSONS ARE COMPLETED WITH CASE STUDIES, EMPIRIC AND APPLICATION OF THE THEORETICAL MODELS.

	Verification of learning
	WRITTEN AND ORAL EXAM. WRITTEN TEST WILL LAST 1H AND 30 MINUTES WITH QUESTION ON MICROECONOMICS AND MACROECONOMICS

	Texts
	PAUL A. SAMUELSON, WILLIAM D. NORDAUS, CARLO A. BOLLINO, ECONOMIA, 21/ED 2019, MCGRAW-HILL E. SALSANO, R. LOMBARDI, CRISI FINANZIARIA E CRISI REALE: ANALISI ED EFFETTI, GAIA 2009