The course aims at providing students the most relevant instruments for a deep knowledge of functioning and effects of public policies in a closed and open economy context. Market failures and related policy interventions are analysed under the lens of the globalization process. Specific attention is given to the European Union market and policies.
At the end of the course students will be equipped with a comprehensive knowledge on:
- main market mechanisms on which public policy is based;
- theories and practical rules for policy impact evaluation and assessment of efficiency and effectiveness of policy instruments with respect to targets and costs;
- mapping methods for complexity analysis on different geographical scales in order to draw the general picture and the specific features that drive choices of policy makers;
- applying main efficiency and effectiveness evaluation methods for impacts of public policies on fiscal and monetary themes at different territorial scale, from the regional to the international one.
At the end of the course students will be equipped with a comprehensive knowledge on:
- main market mechanisms on which public policy is based;
- theories and practical rules for policy impact evaluation and assessment of efficiency and effectiveness of policy instruments with respect to targets and costs;
- mapping methods for complexity analysis on different geographical scales in order to draw the general picture and the specific features that drive choices of policy makers;
- applying main efficiency and effectiveness evaluation methods for impacts of public policies on fiscal and monetary themes at different territorial scale, from the regional to the international one.
Curriculum
teacher profile teaching materials
Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Programme
Part I (Chapters 1-2-3-4-5-6-7-8-9-10)Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 6a edizione 2018Reference Bibliography
Additional teaching material is available on a dedicated dropbox folderType of delivery of the course
Standard lectures (6 hours per week)Attendance
Suggested but not compulsoryType of evaluation
Written exam 1hour and 30 minutes, 6 open questions, 2 for each part of the programme teacher profile teaching materials
Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Programme
Part I (Chapters 1-2-3-4-5-6-7-8-9-10)Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 6a edizione 2018Reference Bibliography
Additional teaching material is available on a dedicated dropbox folderType of delivery of the course
Standard lectures (6 hours per week)Attendance
Suggested but not compulsoryType of evaluation
Written exam 1hour and 30 minutes, 6 open questions, 2 for each part of the programme teacher profile teaching materials
Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Programme
Part I (Chapters 1-2-3-4-5-6-7-8-9-10)Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 6a edizione 2018Reference Bibliography
Additional teaching material is available on a dedicated dropbox folderType of delivery of the course
Standard lectures (6 hours per week)Attendance
Suggested but not compulsoryType of evaluation
Written exam 1hour and 30 minutes, 6 open questions, 2 for each part of the programme teacher profile teaching materials
Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Programme
Part I (Chapters 1-2-3-4-5-6-7-8-9-10)Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 6a edizione 2018Reference Bibliography
Additional teaching material is available on a dedicated dropbox folderType of delivery of the course
Standard lectures (6 hours per week)Attendance
Suggested but not compulsoryType of evaluation
Written exam 1hour and 30 minutes, 6 open questions, 2 for each part of the programmeCanali
teacher profile teaching materials
Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Programme
Part I (Chapters 1-2-3-4-5-6-7-8-9-10)Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 6a edizione 2018Reference Bibliography
Additional teaching material is available on a dedicated dropbox folderType of delivery of the course
Standard lectures (6 hours per week)Attendance
Suggested but not compulsoryType of evaluation
Written exam 1hour and 30 minutes, 6 open questions, 2 for each part of the programme teacher profile teaching materials
Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Programme
Part I (Chapters 1-2-3-4-5-6-7-8-9-10)Introduction
Market failures: micro
Welfare economics
Externality
Public goods
Public policies for micro failures
Market failures: macro
Financial fluctuations
Unemployment
Inflation
Growth and distribution
Non-market failures
Regulation and property rights
Competition policy
Cost benefit analysis
Trade policies
Part II (Chapters 11-12-15)
Open economy
Balance of payments
Exchange rate
Mundell-Fleming model
Monetary policy
Policies for competitiveness in open economy
Exchange rate policy
International cooperation
Part III (Chapters 13-14-16-17-18)
Fiscal policy
Public budget
Income policies
Monetary systems
International Monetary Fund
The EU monetary system
International institutions
European Union
Monetary area
Stability and Growth Pact
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 6a edizione 2018Reference Bibliography
Additional teaching material will be available in a dropbox folderType of delivery of the course
Standard lectires (6 hours per week)Attendance
Suggested but not compulsoryType of evaluation
Written exam in 1 hour and 30 minutes, 6 open questions, 2 for each part of the programme