Political Economy
Academic Year 2025/2026 - Teacher: Massimo ARNONEExpected Learning Outcomes
Knowledge and Understanding
The course aims to provide an in-depth understanding of the functioning mechanisms of the economic system as a whole, highlighting the differences between a microeconomic and a macroeconomic approach. Part of the program will be dedicated to illustrating the reasons for public intervention in the economy, providing the fundamental concepts of economic policy. Its main objective is to enable students to understand how the overall functioning of the economy also influences the elements specific to business disciplines and the operational logic of business systems.
Applied Knowledge and Understanding
Students must demonstrate that they have understood the determinants of the main macroeconomic equilibrium variables and their interactions.
Judgment Autonomy and Learning Ability
The student must be able to understand and discuss independently and critically the concepts and fundamental mechanisms of macroeconomic equilibrium.
Communication skills
The student must achieve a clear development of the main conceptual connections in order to be able to apply the language and argumentative methods typical of the discipline with rigor and simplicity, both in oral and written form.
The course aims to provide an in-depth understanding of the functioning mechanisms of the economic system as a whole, highlighting the differences between a microeconomic and a macroeconomic approach. Part of the program will be dedicated to illustrating the reasons for public intervention in the economy, providing the fundamental concepts of economic policy. Its main objective is to enable students to understand how the overall functioning of the economy also influences the elements specific to business disciplines and the operational logic of business systems.
Applied Knowledge and Understanding
Students must demonstrate that they have understood the determinants of the main macroeconomic equilibrium variables and their interactions.
Judgment Autonomy and Learning Ability
The student must be able to understand and discuss independently and critically the concepts and fundamental mechanisms of macroeconomic equilibrium.
Communication skills
The student must achieve a clear development of the main conceptual connections in order to be able to apply the language and argumentative methods typical of the discipline with rigor and simplicity, both in oral and written form.
Required Prerequisites
Prior knowledge may be useful in the following subjects:
statistics
business economics
statistics
business economics
Detailed Course Content
MICROECONOMICS: Introduction to Economic Science - Notes on the History of Economic Thought - Consumer Theory - Construction of the Demand Curve - Production Theory - The Production Function and Marginal Productivity - Costs - Construction of Supply - Exchange Dynamics - Market Forms
MACROECONOMICS: Assessment of the National Economy - Aggregate Demand - Notes on Monetary Economics - The Banking Economy - Money Issuance - The IS-LM Model - The AS-AD Model - Open Economies: International Trade - Business Cycles, Path, and Economic Growth
MACROECONOMICS: Assessment of the National Economy - Aggregate Demand - Notes on Monetary Economics - The Banking Economy - Money Issuance - The IS-LM Model - The AS-AD Model - Open Economies: International Trade - Business Cycles, Path, and Economic Growth