Title I Introduction. 1. Economics: scope, concepts and method. 2. The organization of economic activities. 3. Brief history of economics and the economic systems. Title II. Microeconomics. 4. Demand: The behavior of consumers. 5. Supply: The behavior of firms. 6. The behavior of markets and prices. 7. Markets for production factors and income distribution. 8. Specialization and international trade.

CILO-1: Students will be able to define the scope of economic inquiry, recognise its nature, and use its vocabulary. CILO-2: Students will be able to identify the main factors influencing the behaviour of economic agents and how they affect their exchanges and interactions. CILO-3: Students will be able to recognise the specific characteristics of markets for factors of production and their consequences on firms' behaviour