Business sciences

State and Market · State and Market: The Foundations of Public Intervention · Evaluation Criteria: Efficiency and Equity · Welfare Economics · Market (and State) Failures Microeconomic Market Failures · Causes of Monopoly (and Natural Monopoly) · The "Inefficiencies" of Monopoly · Economic Policy and Monopoly · Externalities · Public Goods · Informational Asymmetries and Market Incompleteness · The Theory of the Second Best, Merit Goods, and Equity Macroeconomic Market Failures · Macroeconomic Failures · Theory and Practice of Economic Policy Normative Theory of Economic Policy · Theoretical Foundations: Objectives, Instruments, and Models · The Objectives/Instruments Approach of Tinbergen, the Lucas's Critique, and Rational Expectations · The Phillips Curve, Expectations, and Macroeconomic Theories Economic Policy in a Closed Economy · Monetary Economics · Money Supply · Monetary Policy · Fiscal Policy: Economic Cycle Stabilization · Fiscal Policy: Debt and Growth · Income Distribution Conflict and Incomes Policy Economic Policy in an Open Economy · Fundamentals of Free Trade · Trade Policies · Exchange Rates, Interest Rates, and Arbitrage · The Mundell-Fleming Model (Exchange Rates and Balance of Payments) · Macroeconomic Policies in an Open Economy · Balance of Payments Equilibrium · Policies for Balance of Payments Adjustment Limits of Public Intervention · State Failures

As established by the Degree Course

The textbook for the part on microeconomic policy is: Robert S. Pindyck and Daniel L. Rubinfeld, Microeconomics, Pearson, 2017, Chapters: 16, 17, 18, 19. The textbook for the part on macroeconomic policy is: Olivier Blanchard, Alessia Amighini and Francesco Giavazzi, Macroeconomics. A European Perspective, Pearson, 2021, Chapters: 22, 23, 24; parts of all the previus Chapters dealing with economic policies. Lecture notes will be provided for State and market, for the Theory of economic policy, and for other parts of the syllabus not covered by the textbooks.

No penalties for not attending lectures

The exam aims at evaluating the knowledge transmitted during the course, as well as the analytical and reasoning abilities of the students. In particular, the examination is carried out with the following modalities, which may however change if the sanitary emergency for Covid-19 persits. Written exam: Open and closed questions and exercises. In order to pass the written exam, the mark obtained must be equal or greater than 18/30. The oral exam is at the discretion of the professor.

36 Lectures; 2 hours each