Unit ECONOMIC PRINCIPLES
- Course
- Economics and culture of human nutrition
- Study-unit Code
- GP000461
- Curriculum
- In all curricula
- Teacher
- Gaetano Martino
- Teachers
-
- Gaetano Martino
- Hours
- 54 ore - Gaetano Martino
- CFU
- 6
- Course Regulation
- Coorte 2024
- Offered
- 2024/25
- Learning activities
- Caratterizzante
- Area
- Discipline economiche e giuridiche
- Academic discipline
- AGR/01
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa monodisciplinare
- Language of instruction
- Italian
- Contents
- Introduction to economic science (various definition). Microeconomic theory of consumption. Theory of production (short period and long period). Welfare economics (from Paretian point of view and by considering effects of public goods on equilibrium). Structures and failures of markets
- Reference texts
- "Introduzione all'economia", Edoardo Gaffeo - Luigi Mittone - Roberto Tamborini,
Editore Zanichelli. Second edition - Educational objectives
- This course is designed to provide students with a foundational understanding of the logic of economic thought and the conceptual foundations necessary to comprehend the main microeconomic and macroeconomic phenomena. Specifically, these phenomena can be summarized as follows: consumer behavior, producer behavior (short-term and long-term), market structures, and the equilibrium positions of firms in each market structure.
- Prerequisites
- The prerequisites for the course are the notions of mathematics learned by the students in the high school
- Teaching methods
- Face-to-face lessons and practical training (in room)
- Other information
- None
- Learning verification modality
- The final exam is in oral form. During the semester in which the course is taught, intermediate self-assessment tests on specific and progressive parts of the program are planned, primarily aimed at facilitating adequate preparation for the final exam.
- Extended program
- .Introduction to economic science (various definition).
Microeconomic theory of consumption: notion of need, notion of consumption, notion of good, marginal and total utility, indifference curve, budget constraint, consumer equilibrium, income effect and sustitution effect, normal goods and Giffen's goods, Engel's Law.
Theory of production: notion of production, production function, isoquant, types of isoquant, budget constraint of producer, producer equilibrium (long period), total cost, total fixed cost, total variable cost, average total cost, average fixed cost, average variable cost, marginal cost. Marginal and total product (one variable factor), producer equilibrium (short period).
Welfare economics: social optimum of production, social optimum of consumption, optimal mix of production, Pareto's Theorems, public goods, equilibrium of Lindhal-Samuelson, free-raiding problem.
Structures and failures of markets: perfect competiton (web theorem), monopolistic competition, types of ologopoly, monopoly.
Introduction to National accounting