The objective of the Economics course is to provide students with the basic notions of Microeconomics and Macroeconomics.

It is divided into two parts: in the first part, after a brief introduction to the concept of economics and some notions of mathematics for economics, the theory of supply and demand will be examined as a starting point to then discuss in depth consumer theory and theory of the firm. In addition, different market structures (monopoly, perfect competition, monopolistic competition, oligopoly) will be presented as well as some possible causes of market failure (concept of externalities and public goods). Particular importance will have the discussion of the functioning of the labor market, as well as some hints of behavioral economics.

In the second part of the course, the study of macroeconomics will be addressed, focusing attention on the analysis of aggregate economic variables such as GDP, inflation, unemployment. Some of the main macroeconomic models will be dealt with in detail, trying to understand how monetary and fiscal policies can interact with each other.