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MODULE 1 - FUNDAMENTALS OF ECONOMIC SCIENCES AND LAND MANAGEMENT (Prof. Alessandro Stanchi)
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Fundamentals of Economics for Management
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Academic year 2022/2023
- Course ID
- STS0444
- Modular course
- Degree course
- Cultural Heritage and Creativity for tourism and territorial development
- Year
- 1st year
- Teaching period
- First semester
- Type
- Affine or integrative
- Credits/Recognition
- 2
- Course disciplinary sector (SSD)
- SECS-P/07 - business administration and management
SECS-P/08 - management - Delivery
- Traditional
- Language
- English
- Attendance
- Optional
- Type of examination
- Written
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Sommario del corso
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Course objectives
The module 1 (Fundamentals of Economics for Management) is designed to expose the students to the basic principles of economic theory: the course will illustrate how economic concepts can be applied to analyze business situations.
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Results of learning outcomes
The module 1 (Fundamentals of Economics for Management) aims at completing the student’s knowledge on managerial economic issues: the main objective of this course is to teach the basics of economics to the non-economists. This course also aims to help the students in thinking critically in economy related issues.
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Course delivery
The module 1 is articulated in 12 hours of interactive lecture time and could include the development of practical exercises as classwork and homework.
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Learning assessment methods
The final exam will be provided in written form and articulated in open questions or exercises. The obtained mark will be considered as 1 out of 4 parts of the course.
Attending students may opt to do in-class work on research reports and/or cultural heritage data.
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Support activities
Slides and documents will be provided by the lecturers and uploaded in the MOODLE Platform.
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Program
MODULE I: INTRODUCTION TO ECONOMICS FOR HUMANITIES
Ideas and concepts on the following topics:
1. The Principles and Practice of Economics
2. Economic Science: Using Data and Models to Understand the World
3. Optimization: Trying to Do the Best You Can
4. Demand, Supply, and Equilibrium
5. Consumers and Incentives
6. Sellers and Incentives
7. Perfect Competition and the Invisible Hand
8. Trade-offs Involving Time and Risk
9. Auctions and Bargaining
10. The Wealth of Nations: Defining and Measuring Macroeconomic Aggregates
11. Aggregate Incomes
12. Economic Growth: Why Isn’t the Whole World Developed?Suggested readings and bibliography
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- Book
- Title:
- Economics
- Year of publication:
- 2022
- Publisher:
- Pearson Education
- Author:
- Daron Acemoglu, David Laibson, and John A. List
- ISBN
- Required:
- Yes
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