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
The syllabus explores the relationship between policy objectives and instruments, while considering the limitations of government action, the role of interest groups and political business cycles. It then examines competition policy and regulation, public enterprise, industrial and regional policies, redistribution and welfare state models. The comparison between free trade and protectionism introduces the international dimension of public intervention.
The macroeconomic component analyses unemployment and inflation through the main theoretical perspectives and examines how an open economy operates, focusing on the balance of payments, exchange rate regimes and the Mundell-Fleming model. Building on these foundations, the course explores monetary and fiscal policy, the role of the central bank, public expenditure and debt dynamics, alongside incomes and prices policies. The final part considers globalisation, international economic institutions and sustainable development goals. Case studies of urban inequality and structured debates connect theoretical models with empirical evidence and the critical assessment of economic policies.
Programme
The Economic Policy course provides the tools to understand the purposes, choices and effects of public intervention in the economy within national and international contexts. It begins by examining the relationship between the state and markets and the role of ideas and institutions in shaping economic policy. Drawing on welfare economics, the course explores efficiency and equity and the rationale for public intervention in the presence of market failures, including monopoly power, externalities and public goods. By comparing different theoretical perspectives, including heterodox approaches, it encourages critical discussion of how markets operate, the role of the state and the relationships between economic growth and the distribution of resources. Particular attention is devoted to poverty, inequality and their measurement, linking different conceptions of social justice to economic policy choices.The syllabus explores the relationship between policy objectives and instruments, while considering the limitations of government action, the role of interest groups and political business cycles. It then examines competition policy and regulation, public enterprise, industrial and regional policies, redistribution and welfare state models. The comparison between free trade and protectionism introduces the international dimension of public intervention.
The macroeconomic component analyses unemployment and inflation through the main theoretical perspectives and examines how an open economy operates, focusing on the balance of payments, exchange rate regimes and the Mundell-Fleming model. Building on these foundations, the course explores monetary and fiscal policy, the role of the central bank, public expenditure and debt dynamics, alongside incomes and prices policies. The final part considers globalisation, international economic institutions and sustainable development goals. Case studies of urban inequality and structured debates connect theoretical models with empirical evidence and the critical assessment of economic policies.
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 7a edizione 2020 The entire textbook, without exception.Attendance
Attendance is strongly recommended.Type of evaluation
Assessment is based on a written examination designed to evaluate students’ knowledge of the course content and their ability to analyse key economic policy issues. teacher profile teaching materials
The syllabus explores the relationship between policy objectives and instruments, while considering the limitations of government action, the role of interest groups and political business cycles. It then examines competition policy and regulation, public enterprise, industrial and regional policies, redistribution and welfare state models. The comparison between free trade and protectionism introduces the international dimension of public intervention.
The macroeconomic component analyses unemployment and inflation through the main theoretical perspectives and examines how an open economy operates, focusing on the balance of payments, exchange rate regimes and the Mundell-Fleming model. Building on these foundations, the course explores monetary and fiscal policy, the role of the central bank, public expenditure and debt dynamics, alongside incomes and prices policies. The final part considers globalisation, international economic institutions and sustainable development goals. Case studies of urban inequality and structured debates connect theoretical models with empirical evidence and the critical assessment of economic policies.
Mutuazione: 21201481 POLITICA ECONOMICA in Economia e gestione aziendale L-18 R MONNI SALVATORE
Programme
The Economic Policy course provides the tools to understand the purposes, choices and effects of public intervention in the economy within national and international contexts. It begins by examining the relationship between the state and markets and the role of ideas and institutions in shaping economic policy. Drawing on welfare economics, the course explores efficiency and equity and the rationale for public intervention in the presence of market failures, including monopoly power, externalities and public goods. By comparing different theoretical perspectives, including heterodox approaches, it encourages critical discussion of how markets operate, the role of the state and the relationships between economic growth and the distribution of resources. Particular attention is devoted to poverty, inequality and their measurement, linking different conceptions of social justice to economic policy choices.The syllabus explores the relationship between policy objectives and instruments, while considering the limitations of government action, the role of interest groups and political business cycles. It then examines competition policy and regulation, public enterprise, industrial and regional policies, redistribution and welfare state models. The comparison between free trade and protectionism introduces the international dimension of public intervention.
The macroeconomic component analyses unemployment and inflation through the main theoretical perspectives and examines how an open economy operates, focusing on the balance of payments, exchange rate regimes and the Mundell-Fleming model. Building on these foundations, the course explores monetary and fiscal policy, the role of the central bank, public expenditure and debt dynamics, alongside incomes and prices policies. The final part considers globalisation, international economic institutions and sustainable development goals. Case studies of urban inequality and structured debates connect theoretical models with empirical evidence and the critical assessment of economic policies.
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 7a edizione 2020 The entire textbook, without exception.Attendance
Attendance is strongly recommended.Type of evaluation
Assessment is based on a written examination designed to evaluate students’ knowledge of the course content and their ability to analyse key economic policy issues. teacher profile teaching materials
The syllabus explores the relationship between policy objectives and instruments, while considering the limitations of government action, the role of interest groups and political business cycles. It then examines competition policy and regulation, public enterprise, industrial and regional policies, redistribution and welfare state models. The comparison between free trade and protectionism introduces the international dimension of public intervention.
The macroeconomic component analyses unemployment and inflation through the main theoretical perspectives and examines how an open economy operates, focusing on the balance of payments, exchange rate regimes and the Mundell-Fleming model. Building on these foundations, the course explores monetary and fiscal policy, the role of the central bank, public expenditure and debt dynamics, alongside incomes and prices policies. The final part considers globalisation, international economic institutions and sustainable development goals. Case studies of urban inequality and structured debates connect theoretical models with empirical evidence and the critical assessment of economic policies.
Mutuazione: 21201481 POLITICA ECONOMICA in Economia e gestione aziendale L-18 R MONNI SALVATORE
Programme
The Economic Policy course provides the tools to understand the purposes, choices and effects of public intervention in the economy within national and international contexts. It begins by examining the relationship between the state and markets and the role of ideas and institutions in shaping economic policy. Drawing on welfare economics, the course explores efficiency and equity and the rationale for public intervention in the presence of market failures, including monopoly power, externalities and public goods. By comparing different theoretical perspectives, including heterodox approaches, it encourages critical discussion of how markets operate, the role of the state and the relationships between economic growth and the distribution of resources. Particular attention is devoted to poverty, inequality and their measurement, linking different conceptions of social justice to economic policy choices.The syllabus explores the relationship between policy objectives and instruments, while considering the limitations of government action, the role of interest groups and political business cycles. It then examines competition policy and regulation, public enterprise, industrial and regional policies, redistribution and welfare state models. The comparison between free trade and protectionism introduces the international dimension of public intervention.
The macroeconomic component analyses unemployment and inflation through the main theoretical perspectives and examines how an open economy operates, focusing on the balance of payments, exchange rate regimes and the Mundell-Fleming model. Building on these foundations, the course explores monetary and fiscal policy, the role of the central bank, public expenditure and debt dynamics, alongside incomes and prices policies. The final part considers globalisation, international economic institutions and sustainable development goals. Case studies of urban inequality and structured debates connect theoretical models with empirical evidence and the critical assessment of economic policies.
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 7a edizione 2020 The entire textbook, without exception.Attendance
Attendance is strongly recommended.Type of evaluation
Assessment is based on a written examination designed to evaluate students’ knowledge of the course content and their ability to analyse key economic policy issues. teacher profile teaching materials
The syllabus explores the relationship between policy objectives and instruments, while considering the limitations of government action, the role of interest groups and political business cycles. It then examines competition policy and regulation, public enterprise, industrial and regional policies, redistribution and welfare state models. The comparison between free trade and protectionism introduces the international dimension of public intervention.
The macroeconomic component analyses unemployment and inflation through the main theoretical perspectives and examines how an open economy operates, focusing on the balance of payments, exchange rate regimes and the Mundell-Fleming model. Building on these foundations, the course explores monetary and fiscal policy, the role of the central bank, public expenditure and debt dynamics, alongside incomes and prices policies. The final part considers globalisation, international economic institutions and sustainable development goals. Case studies of urban inequality and structured debates connect theoretical models with empirical evidence and the critical assessment of economic policies.
Mutuazione: 21201481 POLITICA ECONOMICA in Economia e gestione aziendale L-18 R MONNI SALVATORE
Programme
The Economic Policy course provides the tools to understand the purposes, choices and effects of public intervention in the economy within national and international contexts. It begins by examining the relationship between the state and markets and the role of ideas and institutions in shaping economic policy. Drawing on welfare economics, the course explores efficiency and equity and the rationale for public intervention in the presence of market failures, including monopoly power, externalities and public goods. By comparing different theoretical perspectives, including heterodox approaches, it encourages critical discussion of how markets operate, the role of the state and the relationships between economic growth and the distribution of resources. Particular attention is devoted to poverty, inequality and their measurement, linking different conceptions of social justice to economic policy choices.The syllabus explores the relationship between policy objectives and instruments, while considering the limitations of government action, the role of interest groups and political business cycles. It then examines competition policy and regulation, public enterprise, industrial and regional policies, redistribution and welfare state models. The comparison between free trade and protectionism introduces the international dimension of public intervention.
The macroeconomic component analyses unemployment and inflation through the main theoretical perspectives and examines how an open economy operates, focusing on the balance of payments, exchange rate regimes and the Mundell-Fleming model. Building on these foundations, the course explores monetary and fiscal policy, the role of the central bank, public expenditure and debt dynamics, alongside incomes and prices policies. The final part considers globalisation, international economic institutions and sustainable development goals. Case studies of urban inequality and structured debates connect theoretical models with empirical evidence and the critical assessment of economic policies.
Core Documentation
Nicola Acocella, Politica economica e strategie aziendali. Carocci editore, 7a edizione 2020 The entire textbook, without exception.Attendance
Attendance is strongly recommended.Type of evaluation
Assessment is based on a written examination designed to evaluate students’ knowledge of the course content and their ability to analyse key economic policy issues.