Teacher
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SENNI Saverio
(syllabus)
Theories and models in economics • The market mechanism • Individual and aggregate demand • The offer of the single company is aggregated • Market equilibrium and its alterations • Substitute and complementary goods • Price of supply and demand • Income elasticity of demand • State intervention: taxes and regulated prices • Elements of production theory: the production function, • Types and classification of production costs • Implicit, explicit and opportunity cost • Fixed and variable costs, average cost and marginal cost • Maximum profit of the company in perfect competition • Externalities • Public goods
(reference books)
Gregory MANKIW, Essential of Economics or other equivalent text
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