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