Principles of economics. The economic model of supply and demand; consumer's and producer's behaviour model, competitive market and market expressions beyond the competition. Introduction to welfare economics. National accounts, Keynesian explanation of the economy and its evolution, critical analysis of Keynes and economic policy decisions arising from the various explanations offered by the economic System.
Attending students:
- Lecture notes or readings suggested during lectures.
Other students:
- A. Fineschi, Appunti di macroeconomia, Giappichelli, Torino 2007.
- A. Fineschi (ed.), Lezioni introduttive di microeconomia, Zanichelli.
Learning Objectives
Knowledge
The course is meant to provide law students with the basic knowledge of economics. It includes introductory notions of microeconomics and macroeconomics and a sketch of economic analysis of law.
Abilities
Ability to reason in economic terms and to use some of the economists’ elementary analytical tools. Aptitude to understand economic press of general, non-specialised information. Capacity to discuss about basic issues of the economic debate. Capacity to grasp the relevance of economic knowledge for legal knowledge.
Competences
Mastery of basic economic information as currently expected of legal practitioners.
Teaching Methods
Lectures: 72 hours.
Type of Assessment
Students can choose between a entirely oral exam and a written exam (with optional oral exam for a better grade).
Course program
Introductory principles of economics, microeconomics and macroeconomics. As to microeconomics, the course will deal with the model of supply and demand, the theory of consumers’ and producers’ behaviour, competitive markets and forms of market other than competition. Moreover, students will be introduced to welfare economics and some topics of economic analysis of law. As to macroeconomics, the course will deal with national accounts, Keynes’ explanation of economy and how this explanation has evolved, critical analyses of Keynes’ model and economic policy decisions arising from various explanations of the economic system. The topics of macroeconomics will be examined with specific reference to the problems of the current economic depression.