Politecnico di Torino
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Politecnico di Torino
Academic Year 2015/16
02PBVPG
Economics
Master of science-level of the Bologna process in Engineering And Management - Torino
Teacher Status SSD Les Ex Lab Tut Years teaching
Cambini Carlo ORARIO RICEVIMENTO O2 SECS-P/06 64 16 0 0 5
Ravazzi Piercarlo ORARIO RICEVIMENTO     80 0 0 0 5
SSD CFU Activities Area context
ING-IND/35 8 B - Caratterizzanti Ingegneria gestionale
Contents
The course analyses micro and macro theories. In particular, it focuses on four main topics: national accounts, the market, neoclassical theory and keynesian theory.

Program of the course.
First part. Introduction to economics: (15 hours)
1. Problems and definitions of political economy;
2. National accounts;
3. Modeling the market and the role of expectations;

Second part. Modern macro and microeconomics: (65 hours)
4. The economic system and its functional operators: households (consumption, savings and supply of labour);
5. The economic system and its functional operators: firms (production, investments and demand for labour) and Public Administration;
6. The financial market and the demand and supply of money;
7. From neoclassical microeconomics to the full employment macroeconomics: the market of labour, the theories on the interest rates, the role of economic policy, mentions on NEC and RBC;
8. Unemployment in keynesian macroeconomics: the IS-LM and AD-AS models, role of expectations;
9. Open economy: the Balance of Payments, the internal and external equilibrium with fixed and flexible exchange rates.
Delivery modes
Not provided.
Texts, readings, handouts and other learning resources
Piercarlo Ravazzi - Il sistema economico - Editore Carocci.
Piercarlo Ravazzi - Complementi di Economia - Editore Clut.
Assessment and grading criteria
Written exam with: one open question (10 points), one numerical exercise (10 points) and five TRUE/FALSE questions, to be mandatorily motivated (2 points each).

Programma definitivo per l'A.A.2015/16
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