POLITICAL ECONOMY
Written examination
The course provides the main concepts of Economics. It presents both the standard microeconomic and the standard macroeconomic approach. It provides ample infomationon the main institutions that form the economy: the market, labour capital and product markets, the regolatory boards,the monetary and fiscal authorities, the institutional architecturegoverning the economy of the European Union. After the course the stucdent should be able to organize his or her thinking around in models of the economy, and to analyze economic policies according to the tenets of the main schools of economic thought.
The microeconomics program starts with the formalization of the Rational Choice model, examines the implications of the concept of opportunity cost, choice under constraint, elasticity, market forms, competition, oligopoly, monopoly,Paretian Optimum,extenalities,public goods. In macroeconomics we start with Keynesian arguments and examinethe concepts of aggregate demand and supply, we introduce the IS-LM frame, we analyze monetary and fiscal policies, industrial policies, the balance of payment, international trade and economics, and the sovranational instituztions in the light of the 2008 crisis.
Krugman, P., Wells,R. and Graddy K. Essentials of Economics, Worth publishers, 2011.
Front line lectures; video lectures;tutorials
1) Readiness to offer individual assistance also in a foreign language (please specify) to incoming students: Yes, english
2)Availability of supporting material and bibliographic references also in a foreign language (please specify): Yes
3) Readiness to accept examination of incoming students also in a foreign language (please specify): YES, english.