International Studies
Cod 118654
- Laurea magistrale
- 2 anni
- 120 CFU
- LM-52 R
ECON-01/A
Advanced political economy
Codice: 21210477
Scheda insegnamento
- Anno Accademico di erogazione
- 2026/2027
- Corso di studi
- International Studies
- Periodo di erogazione
- Secondo semestre
- CFU
- 9 CFU
- Lingua
- Inglese
- SSD
- ECON-01/A
Scopri il programma didattico
Programma, testi adottati e modalità d’esame sono quelli pubblicati dai docenti per l’anno accademico 2026/2027.
- Docente
- Saverio Maria Fratini
- Curriculum
- Curriculum unico
- Anno di corso
- 1
- Periodo
- Secondo semestre
- Ore
- 60
- CUIN
- 260017498
Programma
Part I: Surplus approach
1. The notion of surplus
2. The capitalist mode of production
3. Sraffa’s theory of prices
4. The integrated wage-commodity sector and the surplus equation
Part II: Marginalist approach
5. The marginalist theory of distribution
6. Capital as a factor of production
Part III: Macroeconomic implications
7. Keynes and the principle of effective demand
8. International trade
Prerequisiti
The course requires basic knowledge of microeconomics and macroeconomics.
Testi adottati
Teaching material and course slides downloadable from MS Teams and Moodle
Fratini, S.M. (2020) ‘Incomes from capital in alternative economic theories.’ In P. De Muro, S.M. Fratini & A. Naccarato (eds), Economics, Policy and Law. Roma: Roma Tre-Press.
Garegnani, P. (1978-79) ‘Notes on consumption, investment and effective demand’, part. I and II, Cambridge Journal of Economics, vol. 2, pp. 335-353 and vol. 3, pp. 63-82.
Samuelson, P.A. (1962) ‘Parable and realism in capital theory: The surrogate production function.’ Review of Economic Studies, 29(3), pp. 193-206.
Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge University Press: Cambridge.
Modalità di erogazione
Classes are conducted through in-person lectures. Students who are unable to attend in person—provided they have a valid reason verified by the relevant university offices—are permitted to participate via livestream.
Modalità di valutazione
The course assessment consists of an oral exam.
Prove previste
- Prova orale
Esplora gli obiettivi dell’insegnamento
Ambito disciplinare: Discipline Economiche
Risultati di apprendimento attesi
Il corsoè finalizzato ad affrontare in modo critico e ad un livello avanzato gli aspetti centrali dell'analisi economica contemporanea. Esaminerà i fattori che determinano la distribuzione del reddito e i prezzi relativi delle merci, nonché le implicazioni macroeconomiche (con particolare riguardo ai livelli aggregati di prodotto e al rapporto tra risparmio e investimento) dei diversi approcci alla teoria della distribuzione. La struttura del corso si articola in tre parti: i) approccio del sovrappiù; ii) approccio marginalista; iii) implicazioni macroeconomiche.
Esempi di domande d’esame
List of topics for the oral test
Part I
1. Quesnay’s Tableau Economique
2. Income distribution and commodity prices in Adam Smith’s analysis
3. Ricardo’s theory of profit
4. Marx’s theory of profit
5. The capitalist mode of production
6. Commodity prices in a subsistence economy (Sraffa ch. I)
7. Commodity prices in an economy with surplus (Sraffa ch. II)
8. The wage rate in Sraffa’s price equations (Sraffa ch. II)
9. Basic and non-basic commodities (Sraffa ch. II)
10. Sraffa’s criticism of the labour theory of value (Sraffa ch. III)
11. The Standard system (Sraffa ch. IV)
12. Reduction of commodity prices to dated quantities of labour (Sraffa ch. VI)
13. Fixed capital in Sraffa’s theory (Sraffa ch. X)
14. Land rent in Sraffa’s theory (Sraffa ch. XI)
15. The integrated wage-commodity sector
16. The profit function and the surplus equation
Part II
1. The characteristics of the marginalist theory
2. Land-labour model
3. Capital in Solow’s model
4. Capital in Swan’s model
5. The “surrogate” production function and re-switching
Part III
6. Effective demand in Keynes’s theory
7. The neo-classical synthesis
8. The principle of effective demand in the long run
9. Ricardo’s theory of trade
10. Absolute and comparative advantage in a Ricardian model
11. Sraffa’s theory of value and international trade