The course aims to illustrate the fundamental rules of operation of modern economic systems. In particular, it will highlight the role of the market as a set of rules and institutions designed to govern the process of resource allocation. In this framework, the behavior of elementary units such as households and firms (microeconomics) will be studied, as well as the behavior of aggregates of households and firms (macroeconomics).
In the Microeconomics part, the behavior of elementary units such as consumers and firms will be analyzed, as well as their interactions in the various forms of markets ranging from perfect competition to monopoly.
Macroeconomic analysis studies the economic system as a whole and seeks to interpret and predict aggregate variables such as gross domestic product, the level of unemployment, inflation, and exchange rates. These variables are fundamental in the functioning of an economy and policies aimed at improving the welfare of society must start from their understanding.
