2023/2024

none

none

1. Fundamentals of economics
Introductory concepts: definition of economy, scarcity of resources, opportunity cost, efficiency, frontier of production possibilities.
Product market: demand, supply and price formation.
The choices of the consumer (utility, cost constraint) and of the producer (profit, production function, production costs).
Perfect competition markets and monopoly systems.
Market failures: externalities (protection and enhancement of natural resources); public goods.
Macroeconomics: Gross Domestic Product, public deficit and debt, inflation, unemployment.

2. Economy of the agroforestry farms in the mountain area
Profit, net income and agroforestry entrepreneur.
Characteristics of farms and agro-forestry production.
Business choices, investments planning and analysis.
Capitals and balance sheet of the agro-forestry farms.
Externalities and multifunctionality of the agroforestry sector.

3. Development policies of mountain territory
Community Agricultural Policy: income support and interventions of rural development policy for the mountain farms.
National Strategy for Internal Areas.
Measures to support small municipalities.

Samuelson P.A., Nordhaus W.D., Economia.
Merlo M., Elementi di economia ed estimo forestale-ambientale.
CAP 2023-2027 (https://www.reterurale.it/PAC_2023_27).
Teaching material made available by the teacher.

Mixed mode: in the classroom with students in presence and with students connected in live streaming.

Optional, but recommended.

The first two exam sessions will be conducted in write modality. The others with oral modality.

    Raffaele CORTIGNANI