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Politics, Economics & Business
Fall 2021 Semester Rome

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Course Overview



Microeconomics Course Overview


CEA Partner Institution: Libera Universita Internazionale Degli Studi Sociali
Location: Rome, Italy
Primary Subject Area: Economics
Instruction in: English
Course Code: SECS-P/01
Course Details: Level 200
Recommended Semester Credits: 4
Contact Hours: 60


Knowledge: Understand the fundamental economic problem of scarcity; understand demand and supply analysis, market mechanisms and consequences of government intervention; understand analysis of the firm and the working of the firm and industry within different market structures - perfect competition, monopolistic competition, oligopoly, monopoly; understand specific contexts where markets are efficient and others where they fail.
Skills: Acquire graphical and other analytical skills and methods useful in problem-solving in the context of economic theory; develop the ability to choose and apply appropriate analytical tools.
Perspectives: Appreciate differences in the role of government in current market economies; appreciate the current dominant market structures and their consequences; appreciate the power of incentives to change behavior at individual and firm levels.

(4 Semester Credits/8 ECTS Credits)

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