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ECONOMIC AND SOCIAL POLICY Single discipline educational activity
Course Sheet Academic Year of enrolment:
Professor and Collaborators:
Hours of classroom activity:
Objectives
Contents The course is divided into two parts. The first deals with the basic elements of economic theory, with particular attention to institutional aspects and the use of theoretical models for regulatory purposes, both at the microeconomic and macroeconomic levels. In the second part, particular attention will be paid to problems of a redistributive nature and to social well-being, also taking stock of recent events.
Extended Syllabus First part: basic elements of economic theory, institutional aspects and use of theoretical models for regulatory purposes, both at the microeconomic and macroeconomic levels. In particular:
Economic policy and its objectives
- Economic policy and the conflict
- The normative theory of economic policy
- The foundations of the welfare economy
- The identification of collective objectives according to the "new" welfare economy
- Micro- and macroeconomic objectives
Macroeconomic policies
- Macroeconomic imbalance schemes
- The basic models for macroeconomic analysis
- Taxation policy
- Monetary policy
- Inflation and anti-inflationary policies
- The Phillips curve and labour policies
Microeconomic policies to correct market failures
- Market power
- The antitrust policy
- Externalities
- Strategic interdependence as a cause of market failure
- Public goods
- Goods of merit and demerit and information asymmetries
Part II: redistributive problems and social welfare
Redistributive policies
- Income distribution and social welfare
- The welfare state
- Industrial policies
- Regional policies
Recommended Bibliography Cellini R. (2019), Politica Economica (3rd/ed), McGraw-Hill, Milan.
Additional teaching material will be specified during the course.
Methods of Provision
Teaching Methods Lectures and exercises also with the use of Power Point slides, which are then made available to students, who can download them in pdf format from the teaching page.
Evaluation methods Verification of learning:
Verification of learning is carried out with a written exam with a mark expressed out of thirty.
The test aims to ascertain the level of knowledge of the topics indicated in the program and to verify that the student has acquired knowledge of the discipline, ability to interpret economic data and ability to show clear and reasoned. The written test consists of 3 open-ended questions on the topics covered in class, each of which is assigned a maximum grade of 10/30. The evaluation takes place by adding the scores accrued for the answers given to the three questions. The answer to each question involves the attribution of a score from 0 to 10, depending on whether the answer demonstrates an insufficient level of preparation (from 0 to 2 points), sufficient (from 3 to 4 points), good (from 5 to 6 points), very good (7 to 8 points), excellent (9 to 10 points). Honors are awarded if a score of 10 is awarded for each open-ended question. Failure to achieve the minimum score of 18/30 leads to failure to pass the exam. At the end of the semester there will be a final exam. This verification consists of 3 open-ended questions on the topics covered in class, each of which is assigned a maximum vote of 10/30 according to the modalities specified above. To pass the test it is necessary to add a minimum vote of 18/30. Praise is only recognized if you reach the score of 10 for each question.
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