Economic Policy (2019/2020)

Course code
4S00265
Name of lecturers
Roberto Ricciuti,
Coordinator
Roberto Ricciuti
Number of ECTS credits allocated
9
Academic sector
SECS-P/02 - ECONOMIC POLICY
Language of instruction
Italian
Period
Second semester bachelor degree dal Feb 17, 2020 al Jun 5, 2020.

Lesson timetable

Go to lesson schedule

Learning outcomes

The course gives to the students the necessary knowledge to understand and interpret the main financial and economic issues both at the national and international levels, and the interventions from fiscal and monetary authorities. At the and of the course, the student will be able to understantd the functioning and the role of the market and the economic policies to implement in order to correct possible distorsions. Possible applications will include labour and international trade policies.

Syllabus

Prof. Tondini's module:
Balducci R., Candela G., Scorcu A, Introduzione alla Politica economica, Zanichelli, Bologna, chapters 1 and 7.

Prof. Ricciuti's module:
De Grauwe
I. The costs of a common currency. - II. The theory of optimum currency areas: a critique. - III. Benefits of a common currency. - IV. Costs and benefits compared - V. The fragility of incomplete monetary unions - VI. How to complete a monetary union. - VII. The transition towards a monetary union - VIII. The European Central Bank - IX. Monetary policy in the Euroarea - X. Budget policies in monetary unions - XI. The euro and the financial markets.

Burroni
I. Growth, inclusion and new challenges: North European capitalism - II. Competitiveness and new forms of dualism: the continental capitalism - III. Adaptability, individualims and inequality: the anglo-saxon capitalism - IV. Lack of security and competiveness: the mediterranean capitalism.

Di Martino-Vasta
I. From covergence to decline: the Italian economy from Unification to nowadays; II. Human capital and economic growth: the evolution of the Italian education system; III. A ghost in the attic? The Italian innovative system in a historical perspective; IV. Institutions, politics and industrial structure; V. Institutions and economic performance in Italy: a long-run analysis; Conclusions. The economico future in a historical perspective: the policy today.

Reference books
Author Title Publisher Year ISBN Note
L. Burroni Capitalismi a confronto Istituzioni e regolazione dell'economia nei paesi europei Il Mulino 2016
De Grauwe Economia dell'unione monetaria (Edizione 11) Il Mulino 2018
BALDUCCI R.-CANDELA G.-SCORCU A.E. Introduzione alla politica economica Zanichelli 2001 8808090817
Paolo Di Martino, Michelangelo Vasta (a cura di) Ricchi per caso La parabola dello sviluppo economico italiano Il Mulino 2017

Assessment methods and criteria

The exam can be taken in two or one shots.

Mid-term: 60-minute written paper, two open questions, 50% of the final marks. Final exam: 60-minute written paper, two open questions, 50% of the final marks. The marks obtained in the mid-term exam expire after the June exam session.

Full exam: 90-minute written paper, four open questions.

The assessment method is the same for students attending or not attending the classes.