1. Fundamentals of economics
Introductory concepts: definition of economy, scarcity of resources, opportunity cost, efficiency, frontier of production possibilities.
Product market: demand, supply and price formation.
The choices of the consumer (utility, cost constraint) and of the producer (profit, production function, production costs).
Perfect competition markets and monopoly systems.
Market failures: externalities (protection and enhancement of natural resources); public goods.
Macroeconomics: Gross Domestic Product, public deficit and debt, inflation, unemployment.

2. Economy of the agroforestry farms in the mountain area
Profit, net income and agroforestry entrepreneur.
Characteristics of farms and agro-forestry production.
Business choices, investments planning and analysis.
Capitals and balance sheet of the agro-forestry farms.
Externalities and multifunctionality of the agroforestry sector.

3. Development policies of mountain territory
Agricultural Community Policy: income support and measures of Rural Development Programs in favour to mountain areas.
National Strategy for Internal Areas.
Measures to support small municipalities.

Samuelson P.A., Nordhaus W.D., Economia.
Merlo M., Elementi di economia ed estimo forestale-ambientale.
De Filippis F., LA PAC 2014-2020. Le decisioni dell’Ue e le scelte nazionali
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