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Single discipline educational activity
Course Sheet Academic Year of enrolment:
Professor and Collaborators:
Hours of classroom activity:
Prerequisites:
Basic knowledge of microeconomic concepts.
Objectives
Contents The course introduces the student to the knowledge of the objectives and a selection of the main tools of economic policy. In order to provide, in the specific context of the Degree Course (CdL) in Economia e Commercio, a sufficiently comprehensive overview of economic policy themes, the course refrains from addressing the classical themes of fiscal and monetary policy, which are covered in the Macroeconomics and Monetary Economics courses, and focuses primarily on microeconomics and distributive policies. Particular attention will be devoted to highlighting the evolution of the role of public intervention in the context of the great transformations of the global economy,
having specific regard to their impact on inequality. All the topics addressed will be illustrated with rich references to the concrete Italian reality.
Extended Syllabus Modelli e strumenti: ragionamento economico e interpretazione del mondo
The objectives of economic policy and their definition
The tools and the normative theory of economic policy
"Government failures" and the limits of economic policy
The rationale for intervention: efficiency and market failures
Externalities and strategic externalities
Market power and inefficiency
Regulation and public ownership of firms
Antitrust policies
Income distribution and welfare
Merit and demerit goods, information asymmetries and health expenditures
Pensions
Income support
Public budget and EU rules
Deficit financing
Cost-benefit analysis
Regional Policies
Industrial policies
Growth-enhancing policies
Economic policy and the global context
Recommended Bibliography The reference material is given by a set of book chapters and articles selected by the instructor. Articles, slides and other supporting material will be provided in the course of the lectures and made available on the FAD website of the course.
Cellini, R., 2019, Politica Economica – Introduzione ai modelli fondamentali, McGraw Hill, Milano. Cap. da 1 a 7, 9, da 11 a 15, 25 e 26.
Rosen, H., Gayer, T., e C. Rapallini, 2023, Scienza delle Finanze, McGraw Hill, Milano. Cap. 2 e da 7 a 13.
The following OPTIONAL text is useful to gain an overall feeling for the main themes of the course:
Franzini, M., 2014, Politica Economica, Egea Editore, Milano.
Methods of Provision
Teaching Methods Interactive lectures, case studies, class presentations and debates on selected topics.
Evaluation methods Verification of learning:
The exam foresees a written part that may contain open questions, MCQs and/or exercises, graded on a scale of 30. Passing the written part with a grade of at least 17/30 is a necessary condition to take the oral part of the exam, which may be requested by the student or the instructor. The final mark will be given by the arithmetic average of the written and the oral part (if any), always on a scale of 30. Students attending lectures in person will have the opportunity to make an oral presentation on a topic agreed upon with the instructor. The evaluation for this oral part will be averaged with the result of the written exam.
The exam will cover the topics illustrated in the course and indicated in the program. The evaluation will concern not only the specific knowledge of the topic contents, but also the use of terminology, the effectiveness in communication, the organization of discourse and the ability to elaborate and critically interpret the different topics.
Contacts/More Information Lecture materials will be available on the FAD website for the course.