Local Economic Development (2017/2018)

Course code
4S003742
Name of lecturers
Carlo Federico Perali, Martina Menon
Coordinator
Carlo Federico Perali
Number of ECTS credits allocated
9
Academic sector
SECS-P/02 - ECONOMIC POLICY
Language of instruction
English
Period
Secondo Semestre Magistrali dal Feb 26, 2018 al May 25, 2018.

Lesson timetable

Go to lesson schedule

Learning outcomes

This course introduces the concepts of Local Economic and Community Development. The course has a multidisciplinary and holistic nature including the study of collective decision-making processes, institutional management, social development, the sustainable use of land and the environment, the functioning of labor and capital markets, and the distribution of resources among gender and generations at the local, regioanl, national and international community level. The course introduces students to the main theories of growth and economic and social development. It also describes the factor markets fostering the development process including also the relevance of public and environmental goods paying special attention to the smart governance of communities, the collective decision making mechanisms, and the sustainable management of land and the environment. Students will learn planning and impact evaluation tools based on the use of social Accounting Matrices augmented to account for information on the employment structure of each economic sector, the impact on environmental sustainability, migration and worker mobility. The course is also based on a wide range of case studies.

At the end of the learning process the student will have to demonstrate that he has acquired in-depth applied knowledge and understanding skills useful for resolving important economic-social problems, solid judgment autonomy, high communication skills, and excellent learning skills in order to apply such knowledge to the solution of major local development problems both at national and international level.

Syllabus

Community Economic Development Theory.
1. Defining Community Economic Development.
2. Growth Theory.
3. Space and Community Economics.
4. Concepts of Community Markets.
Community Factor Markets.
5. Land Markets.
6. Labor Markets.
7. Financial Capital Markets.
8. Technology and Innovation.
9. Nonmarket Goods and Services: Amenities.
10. Local Government and Public Goods.
Institutions and the Art of Community Economics.
11. Institutions and Society.
12. Policy Modeling and Decision-Making.
13. The Practice of Community Economic Development.
Tools of Community Economics.
14. Descriptive Tools of Community Economic Analysis.
15. Inferential Tools of Community Economic Analysis: fixed-Price Models.
16. Inferential Tools of Community Economic Analysis: Price: Endogenous Models.
17. Looking to the Future.

Reference books
Author Title Publisher Year ISBN Note
Phillips, R. and R.M. Pittman An Introduction to Community Development Routledge: New York 2009
Shaffer, R., S. Deller and D. Marcouiller Community Economics: Linking Theory and Practice Blackwell: Oxford England 2004
Bendavid-Val, A. Regional and Local Economic Analysis for Practitioners Prager Publisher, London 1991
Taylor, Ed. and I. Alderman Village Economies. The Design, Estimation and Use of Villagewide Economic Models Cambridge University Press, UK. 2006

Assessment methods and criteria

50% scientific work in English, 30% exercises, 20% participation in class
Objectives of the assessment tests
The written test is intended to ascertain the knowledge of the topics discussed in class and the ability to apply the logical schemes to the various themes proposed.
Participation in the classroom is verified through the student's active presence and the quality of the argument placing special attention to the scientific readings proposed during the course.
The analytical capacity is verified through the exercises done at home either in pencil or using the Gams or Stata language. The approach is "learning by doing."
Content and method of carrying out the assessment tests
The written exam is about the writing of an applied scientific work chosen by the student in concert with the teacher on a subject related to the materials presented in the course as they are shown in the syllabus delivered to the student at the opening of the course and can be consulted on the dedicated e-learning site. The scientific work is discussed at the end of the course with a professional presentation in the presence of all the students who are required to take an active and critical participation to the work presented.
Non attending and ERASMUS students are requested to contact the teacher at the beginning of the course to agree on the procedures for the assessment tests.

STUDENT MODULE EVALUATION - 2017/2018