1. Knowledge and understanding.
The course aims to provide a solid background for the economic analysis, both at the micro and macroeconomic perspective, of the behavior of all the agents (consumers, firms and institutions) operating in a market economy.
2. Applied knowledge and understanding skills.
The student will be able to use the economic theory to analyze and understand the behavior of all agents operating in a market economy.
3. Autonomy of judgment.
The student will be alble to independently and critically evaluate the economic behavior of individuals, firms strategies and economic policy choices. The student will be also able to provide potential solutions to real economic problems.
4. Communication skills.
At the end of the course, the student will have acquired a solid familiarity and mastery of technical language and will be able to argue in an adequate way if called to express themselves on hypothetical and real economic problems.
5. Ability to learn.
The student will be able to illustrate and discuss
1) at the micro level, the choices of consumption and production, the definition of supply and demand, the main welfare implications of taxation, the main market structures;
2) at macro level, the meaning and the interpretation of the main macroeconomic indicators, the problems related to unemployment and inflation, the determinants of long-term growth, the macro effects of economic shocks through the model of aggregate demand and supply.