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Teacher
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SENNI Saverio
(syllabus)
• Introduction: the use and models in economics
• The market mechanism
• Individual and aggregate demand
• Individual and aggregate supply
• Market equilibrium and its alterations
• Substitute and complementary goods
• Price and Income elasticity
• The role of the public sector
• The production function,
• Types of production costs
• Implicit, explicit and opportunity costs
• Fixed and variable costs, average and marginal costs
• Maximum profit in perfect competition
• Externalities
• Public goods
(reference books)
Gregory Mankiw, Essentials of Economics
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