21201481 - ECONOMIC POLICY

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.

Curriculum

teacher profile | teaching materials

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 2018 (excluding sections 4.5-4.6-4.7-4.8-9.5 and chapters 19-20).

Reference Bibliography

Additional teaching materials will be distributed during classes.

Type of delivery of the course

Standard lectures (6 hours per week) plus videos available on Stream and Dropbox caused by COVID

Attendance

Suggested but not compulsory

Type of evaluation

Final evaluation is based on a preliminary written test on Moodle and a compulsory oral exam.

teacher profile | teaching materials

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 2018 (excluding sections 4.5-4.6-4.7-4.8-9.5 and chapters 19-20).

Reference Bibliography

Additional teaching materials will be distributed during classes.

Type of delivery of the course

Standard lectures (6 hours per week)

Attendance

Suggested but not compulsory

Type of evaluation

Written exam in 2 hours, 6 open questions, 2 questions for each part of the programme

teacher profile | teaching materials

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 2018 (excluding sections 4.5-4.6-4.7-4.8-9.5 and chapters 19-20).

Reference Bibliography

Additional teaching materials will be distributed during classes.

Type of delivery of the course

Standard lectures (6 hours per week) plus videos available on Stream and Dropbox caused by COVID

Attendance

Suggested but not compulsory

Type of evaluation

Final evaluation is based on a preliminary written test on Moodle and a compulsory oral exam.

teacher profile | teaching materials

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 2018 (excluding sections 4.5-4.6-4.7-4.8-9.5 and chapters 19-20).

Reference Bibliography

Additional teaching materials will be distributed during classes.

Type of delivery of the course

Standard lectures (6 hours per week)

Attendance

Suggested but not compulsory

Type of evaluation

Written exam in 2 hours, 6 open questions, 2 questions for each part of the programme

teacher profile | teaching materials

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 2018 (excluding sections 4.5-4.6-4.7-4.8-9.5 and chapters 19-20).

Reference Bibliography

Additional teaching materials will be distributed during classes.

Type of delivery of the course

Standard lectures (6 hours per week) plus videos available on Stream and Dropbox caused by COVID

Attendance

Suggested but not compulsory

Type of evaluation

Final evaluation is based on a preliminary written test on Moodle and a compulsory oral exam.

teacher profile | teaching materials

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 2018 (excluding sections 4.5-4.6-4.7-4.8-9.5 and chapters 19-20).

Reference Bibliography

Additional teaching materials will be distributed during classes.

Type of delivery of the course

Standard lectures (6 hours per week)

Attendance

Suggested but not compulsory

Type of evaluation

Written exam in 2 hours, 6 open questions, 2 questions for each part of the programme

teacher profile | teaching materials

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 2018 (excluding sections 4.5-4.6-4.7-4.8-9.5 and chapters 19-20).

Reference Bibliography

Additional teaching materials will be distributed during classes.

Type of delivery of the course

Standard lectures (6 hours per week) plus videos available on Stream and Dropbox caused by COVID

Attendance

Suggested but not compulsory

Type of evaluation

Final evaluation is based on a preliminary written test on Moodle and a compulsory oral exam.

teacher profile | teaching materials

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 2018 (excluding sections 4.5-4.6-4.7-4.8-9.5 and chapters 19-20).

Reference Bibliography

Additional teaching materials will be distributed during classes.

Type of delivery of the course

Standard lectures (6 hours per week)

Attendance

Suggested but not compulsory

Type of evaluation

Written exam in 2 hours, 6 open questions, 2 questions for each part of the programme