Facoltà di Economia

Aggiornato A.A. 2025-2026

Numbers in parentheses refer to chapter numbers in The Economy 2.0: Microeconomics by The CORE Team.

The book if freely available HERE . Extensions will not be covered unless otherwise stated

 

Unit 1: Prosperity, inequality, and planetary limits

Measuring Wellbeing: climate change and inequality (1.1-1.4)

"Hockey-stick" growth (1.5-1.7)

The role of capitalism in economic growth (1.8-1.10, 1.12)

Economics and the biosphere (1.13)

 

Unit 2: Technology and incentives

Decision making (2.2)

Technologies and innovation (2.3-2.7, including extensions)

Economic models (2.8, 2.10)

Capitalism and climate change (2.11)

Unit 3: Scarcity, wellbeing, and working hours

Scarcity and choice (3.1-3.4, including extensions)

Decision-making under scarcity(3.5-3.6, including extensions)

Income and substitution effects (3.7 including extension)

Is it a good model? (3.8)

Applications to the real world (3.9-3.12)

 

Unit 4: Strategic interactions and social dilemmas

Game theory (4.1-4.2)

Types of equilibrium (4.3-4.4)

Evaluating outcomes (4.5)

Social Preferences (4.6-4.7, including extensions)

Repeated interactions (4.8-4.9)

Sequential and coordination games (4.10-4.14, including extensions)

Unit 5: The rules of the game: who gets what and why?

Institutions and power (5.1-5.3)

A model to study institutions (5.4)

The distribution of income (5.5-5.14)

 

Unit 6: The firm and its employees

The workers and the firm (6.1-6.3)

Jobs, vacancies, hiring and quitting  (6.4-6.6, including extensions)

Employment rents and the labour discipline model (6.7-6.9)

The wage setting model  (6.10-6.11, including extensions)

Power and wages (6.12-6.14)

 

 

Unit 7: The firm and its customers

Prices, quantities and costs (7.1-7.4, including extensions)

Demand, Elasticity and revenue (7.5, including extensions)

Profits and surplus (7.6-7.7, including extensions)

Competition and product differentiation  (7.8-7.9)

Markets with few firms (7.10-7.12)

 

 

Unit 8: Supply and demand: Markets with many buyers and sellers

Demand, supply and market clearing price  (8.1-8.2)

Competitive equilibrium and gains from trade (8.3-8.5, including extensions)

Changes in supply and demand (8.6, including extensions but only the linear case))

Short run and long run equilibria (8.7-8.8)

Supply, demand and competitive equilibrium: Is this a good model? (8.10-8.11)

Taxes and Price controls (8.12-8.13)

 

Unit 9: Lenders and borrowers and differences in wealth

Money, income and wealth (9.1-9.2)

Borrowing: Bringing future consumption to present (9.3-9.5)

Lending: Moving consumption to the future (9.6-9.7)

Conflicts over the gains made possible by borrowing and lending (9.8)      

Borrowers and lenders: A principal–agent problem (9.9)

How good is the model? (9.11)

Limited wealth (9.12-9.13)

 

 

Unit 10: Market successes and failures: The societal effects of private decisions

Private and social costs and benefits  (10.1-10.2, including extensions but only the quasi-linear case)

Solving the problem (10..3-10.4, including extensions)

Externalities (10.5)

Public goods (10.6-10.7)

Asymmetric information: Principal–agent relationships, and market failures (10.8-10.10)

The limits of markets (10.11)