161M - POLITICAL ECONOMY
Academic Year 2021/2022
Free text for the University
FRANCESCO PIGLIARU (Tit.)
- Teaching style
- Lingua Insegnamento
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Knowledge and understanding: Students should master the basic economc principles and be familiar with basic tools for economic analysis.
Applying knowledge and understanding: The course will aim at developing main technical skills for analysis using graphs and solutions of numerical exercises.
Making judgments: The course will provide students with adequate background to interpret patterns and data in the real world.
Rates and proportional relationships.
Solution of a first degree equation and representation in the Cartesian coordinate system.
- Introduction to economics;
- Supply and demand: How markets work;
- Markets, efficiency and welfare;
- The economics of the public sector;
- Inefficient market allocations;
- Firm behavior and market structures;
- Factor markets;
- The data of macroeconomics;
- The real economy in the long run;
- Interest rates, money and prices in the long run;
- The macroeconomics of open economies;
- Short-run economic fluctuations;
- International macroeconomics.
Eight hours of lessons per week. Several practical sessions based on standard questions used in the final exams are also planned.
In general, the teaching will be mainly face-to-face, supplemented and "augmented" with online strategies to ensure its fruition innovatively and inclusively.
Verification of learning
Written in-person examination (if allowed by the health context, otherwise via the Teams and Moodle platforms) in which theoretical questions (evaluation of knowledge and understanding), and exercises (evaluation of the ability to apply knowledge and understanding).
The final grade is expressed in thirtieths. The weight of any intermediate tests will be given according to the number of hours of frontal lessons dedicated to teaching the part under examination.
In the evaluation of the exam, the determination of the final grade takes into account the following elements:
1. The use of the model for the resolution of the question.
2. The ability to explain the answer to the question in intuitive language.
3. The use of algebra.
4. The use of graphs.
To achieve a maximum score, the student must demonstrate that they have acquired an excellent knowledge of all the topics covered during the course. To pass the exam, the student must demonstrate that they have acquired sufficient knowledge of the subjects.
Mankiw, G. e Taylor M., Principi di Economia, Zanichelli, Settima Edizione italiana. 2018
The following chapters are part of the course: 5, 13, 25, 26, 29, 30, 31, 35, 36, 37, 38
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