ID:
DAES05
Duration (hours):
72
CFU:
9
SSD:
ECONOMIA POLITICA
Located in:
PESCARA
Url:
DATA ANALYTICS FOR ECONOMICS AND SOCIETY/CORSO GENERICO Year: 1
Year:
2025
Course Catalogue:
Overview
Date/time interval
Primo Semestre (01/10/2025 - 31/01/2026)
Syllabus
Course Objectives
The aim of the course is the introduction to microeconomics and macroeconomic analysis. Microeconomic analysis studies the behavior of individual economic agents such as consumers and businesses by providing a theory behind their behavior. In addition, microeconomic theory studies market forms such as perfect competition, monopoly and oligopoly by providing an explanation of how market prices are set and the degree of economic efficiency of each individual market form.
The macroeconomic analysis studies the economic system as a whole and tries to interpret and predict aggregate variables such as the gross domestic product, the level of unemployment, inflation and exchange rates.
We will learn how economists answer questions like:
What determines economic growth, wealth and welfare in the long-run?
Why are modern economies subject to cycles in which recessions are followed by expansions?
What drives inflation and unemployment?
What kinds of economic policies (monetary and/or fiscal) can be pursued in order to increase national income and reduce inflation and unemployment.
Knowledge and understanding:
Students are expected to understand the causal links among the main microeconomic and macroeconomic variables.
The way in which economic agents interact within various market forms in order to assess the causes of inefficiency in terms of welfare for the community.
To know why the business cycle occurs and the determinants of the long run economic growth. Moreover, they understand the macro effects of both countercyclical and structural economic policy interventions.
Applying knowledge and understanding:
Students are expected to be able to: (1) apply micro and macro models to formulate rigorous reasoning on different economic issues, (2) understand the content of articles and documents related to economic issues.
Making judgments:
Students are expected to be able to critically analyze the effect of different shocks on both the domestic economy and the global economy. They are also able to evaluate the role of the key economic actors and the effects of policy actions in different economic scenarios.
Communication Skills:
Students are able to (1) process data, documents and opinions on the most important economic issues (2) clearly present to an audience of peers their reasoning on a given economic issue as well as state the theoretical motivations underlying their conclusions.
Learning skills:
Classes, lecture notes, and articles allow students to undertake with autonomy more advanced courses of economics and to plan and conduct independently a small research project (e.g. an undergraduate dissertation) on economics topics.
The macroeconomic analysis studies the economic system as a whole and tries to interpret and predict aggregate variables such as the gross domestic product, the level of unemployment, inflation and exchange rates.
We will learn how economists answer questions like:
What determines economic growth, wealth and welfare in the long-run?
Why are modern economies subject to cycles in which recessions are followed by expansions?
What drives inflation and unemployment?
What kinds of economic policies (monetary and/or fiscal) can be pursued in order to increase national income and reduce inflation and unemployment.
Knowledge and understanding:
Students are expected to understand the causal links among the main microeconomic and macroeconomic variables.
The way in which economic agents interact within various market forms in order to assess the causes of inefficiency in terms of welfare for the community.
To know why the business cycle occurs and the determinants of the long run economic growth. Moreover, they understand the macro effects of both countercyclical and structural economic policy interventions.
Applying knowledge and understanding:
Students are expected to be able to: (1) apply micro and macro models to formulate rigorous reasoning on different economic issues, (2) understand the content of articles and documents related to economic issues.
Making judgments:
Students are expected to be able to critically analyze the effect of different shocks on both the domestic economy and the global economy. They are also able to evaluate the role of the key economic actors and the effects of policy actions in different economic scenarios.
Communication Skills:
Students are able to (1) process data, documents and opinions on the most important economic issues (2) clearly present to an audience of peers their reasoning on a given economic issue as well as state the theoretical motivations underlying their conclusions.
Learning skills:
Classes, lecture notes, and articles allow students to undertake with autonomy more advanced courses of economics and to plan and conduct independently a small research project (e.g. an undergraduate dissertation) on economics topics.
Course Prerequisites
Mathematics
Teaching Methods
Lectures and exercises conducted in class.
Assessment Methods
The course includes periodic in-class exercises, useful for the preparation of written tests.
The student's evaluation will be structured as follows:
1. Assessment in itinere (individual): up to two bonus points Obtainable through the delivery of the Problem Sets that will be distributed throughout the semester. Through these tests we intend to test the ability to understand the topics covered during the course of the lessons. The tests in itinere allow you to obtain up to a maximum of 2 (two) bonus points based on individual preparation and attendance of the course.
2. End-of-course (individual) assessment: up to 30 points. Final Written Exam. This test is intended primarily to test knowledge and understanding.
The final exam will be composed of a mix of open-ended and exercises, with which the student will have to demonstrate that he/she knows the theoretical notions of the course, knows how to apply them to practical cases, demonstrating that he/she has achieved the study method and learning ability necessary to continue the study of the subject independently. The number of questions of each of these types will be decided by the teacher during the course and communicated to students at the beginning of the course.
Failure to achieve a score of 18/30 will result in failure of the exam.
The student's evaluation will be structured as follows:
1. Assessment in itinere (individual): up to two bonus points Obtainable through the delivery of the Problem Sets that will be distributed throughout the semester. Through these tests we intend to test the ability to understand the topics covered during the course of the lessons. The tests in itinere allow you to obtain up to a maximum of 2 (two) bonus points based on individual preparation and attendance of the course.
2. End-of-course (individual) assessment: up to 30 points. Final Written Exam. This test is intended primarily to test knowledge and understanding.
The final exam will be composed of a mix of open-ended and exercises, with which the student will have to demonstrate that he/she knows the theoretical notions of the course, knows how to apply them to practical cases, demonstrating that he/she has achieved the study method and learning ability necessary to continue the study of the subject independently. The number of questions of each of these types will be decided by the teacher during the course and communicated to students at the beginning of the course.
Failure to achieve a score of 18/30 will result in failure of the exam.
Texts
Mankiw, N.G - Taylor, M. P. Principles of Economics, eighth edition, Zanichelli
Contents
INTRODUCTION
The introductory part will explain what Economics is and how to think as an economist.
MICROECONOMICS
1. The market forces of supply and demand. Supply and demand curves and their interaction.
2. Consumer choice theory.
3. Production theory and firms' production decisions.
4. The economics of factor markets. The demand for labor. The supply of labor. The equilibrium in the labor market.
5. Market structures: perfect competition, monopoly and oligopoly.
MACROECONOMICS
1. Introduction to macreconomics, data definition, measurement and analysis.
2. Domestic Product, the production function, the market for inputs and the long-run equilibrium.
3. Money and Inflation
4. The Open Economy dimension
5. Economic Growth
6. Unemployment
7. Economic fluctuations, price stickiness, the aggregate demand and supply.
8. The IS-LM model and the effects of monetary and fiscal policy
The introductory part will explain what Economics is and how to think as an economist.
MICROECONOMICS
1. The market forces of supply and demand. Supply and demand curves and their interaction.
2. Consumer choice theory.
3. Production theory and firms' production decisions.
4. The economics of factor markets. The demand for labor. The supply of labor. The equilibrium in the labor market.
5. Market structures: perfect competition, monopoly and oligopoly.
MACROECONOMICS
1. Introduction to macreconomics, data definition, measurement and analysis.
2. Domestic Product, the production function, the market for inputs and the long-run equilibrium.
3. Money and Inflation
4. The Open Economy dimension
5. Economic Growth
6. Unemployment
7. Economic fluctuations, price stickiness, the aggregate demand and supply.
8. The IS-LM model and the effects of monetary and fiscal policy
Course Language
Italian
More information
email: alessandro.pandimiglio@unich.it
For the office hours, contact the teacher by email.
For the office hours, contact the teacher by email.
Degrees
Degrees
DATA ANALYTICS FOR ECONOMICS AND SOCIETY
Bachelor’s Degree
3 years
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People
People
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