The course is structured in 11 macro-topics. Students enrolled in the 9 CFU class are required to over all macro-topics. Students enrolled in the 6 CFU class are required to cover only modules 1 through 8 included.
List of macro-topics:
1) Introduction: Principles of economics, interdependence and benefits of economic exchange;
2) The functioning of markets: demand and supply, elasticity, economic policies;
3) Markets and welfare: Consumers, producers, market efficiency and market failures, the costs of taxation, international trade;
4) The economics of the public sector: externalities and public goods;
5) Firm behavior and industrial organization: the costs of production, competitive markets, monopolies, monopolistic competition and oligopolies;
6) Macroeconomic data: national income and the cost of living;
7) The long run: production and growth, unemployment, savings and financial system, basic financial instruments;
8) Money and prices in the long run: the monetary system, inflation; 9) The workings of the financial system; 10) Inequality and Taxation
11) Sustainability and climate change