EN
IT
Obiettivi Formativi
OBIETTIVI FORMATIVI:
Comprensione dettagliata delle implicazioni del processo d’'integrazione europea sulla crescita economica, sull’'allocazione geografica dell’'attività economica, sulla coesione e la convergenza; analisi del ruolo delle riforme sul mercato dei beni e dei servizi e sul mercato del lavoro; l’'importanza dell'attività di ricerca e sviluppo e di accumulazione del capitale umano; apprendimento del funzionamento della politica agricola comunitaria; comprensione e valutazione delle politiche di crescita.
Apprendimento di un approccio analitico e statistico per l'analisi delle questione economiche, in grado di rafforzare ed estendere le conoscenze maturate nel corso del primo ciclo e consentire di elaborare e/o applicare idee originali, anche in un contesto di ricerca.
CONOSCENZA E CAPACITÀ DI COMPRENSIONE:
Le nozioni, i concetti ed i modelli teorici appresi consentono di comprendere in maniera più chiara ed organica le ragioni dell'integrazione europea e le sue implicazioni e di poter formulare delle proposte concrete di politica economica.
CAPACITÀ DI APPLICARE CONOSCENZA E COMPRENSIONE:
Quanto appreso può essere utilizzato in nuovi ambiti e in un contesto lavorativo nella gestione dei rapporti con le istituzioni europee.
AUTONOMIA DI GIUDIZIO:
Quanto appreso può essere utilizzato per valutare in maniera critica, costruttiva e senza pregiudizi l’operato dei policymaker nazionali ed europei e le riforme proposte. Alla fine del corso gli studenti avranno compreso la complessità dei problemi d'integrazione europea e saranno in grado di anticiparne i possibili sviluppi.
ABILITÀ COMUNICATIVE:
Sapere presentare fatti e meccanismi complessi in maniera rigorosa; imparare a presentare fatti complessi in maniera semplice, comunicando le loro conclusioni e conoscenze e la ratio ad essi sottesa, a interlocutori specialisti e non specialisti.
CAPACITÀ DI APPRENDIMENTO:
Il corso si propone di fornire un metodo per l’apprendimento futuro. Ci si attende che al termine del corso gli studenti abbiano acquisto la capacità di saper decodificare testi ufficiali, paper scientifici e banche dati, e che siano capaci di continuare a studiare in modo auto-diretto o autonomo.
Gli studenti saranno incentivati a sviluppare alcuni soft skill come: flessibilità, integrità, etica del lavoro, senso di responsabilità e capacità di relazionarsi con gli a altri in maniera positiva e cooperativa.
Learning Objectives
LEARNING OUTCOMES:
Deep understanding of the economic integration process on growth, competition, the spatial allocation of economic activity, cohesion and convergence.
Knowledge of the role played by reforms on product and labor markets, of the importance of R&D activity, innovation and human capital accumulation as engines of growth; understanding of the common agricultural policy; understanding and critical evaluation of the objectives of the EU growth policies.
Learning of an analytical and quantitative approach for economic analysis so to strengthen what already learned during the first cycle and be able to apply these tools in an innovative way, also in research contexts.
KNOWLEDGE AND UNDERSTANDING:
To give students familiarity with a broad range of European policy issues; to ensure a good knowledge of the economic grounding of European economic integration; to show students the usefulness of simple analytical models in understanding the relevant aspects of European integration and to give them the ability to apply these analytical tools intelligently.
APPLYING KNOWLEDGE AND UNDERSTANDING:
What is learned can be applied to other situations and to actual work in the context of European institutions and/or national and local public administrations subject to European directives and regulations.
MAKING JUDGEMENTS:
•What is learned can be used to assess critically and without prejudices: i) the activity and the decisions of national and European policymakers; ii) the reforms on the agenda. Students will be able to understand novel and complex problems related to the process of economic integration and speculate on future evolutions of the EU.
COMMUNICATION SKILLS:
Be able to rigorously present facts and complex mechanisms; learn how to present complex facts and economic mechanisms in a comprehensive manner and communicate the relative conclusions, knowledge and rationale to specialists and non-specialized audiences.
LEARNING SKILLS:
The course aims at providing students with the tools necessary for future learning. At the end of the course students are expected to be able to read and understand official documents, scientific articles and databases. Students are also expected to be develop autonomous learning abilities.
Special attention will be given to help students develop their soft skills, such as flexibility, integrity and work ethic, positive attitude, responsibility, teamwork and interpersonal skills.
BARBARA ANNICCHIARICO
Prerequisiti
Gli studenti devono avere familiarità con i concetti e i modelli di base di microeconomia, macroeconomia, economia pubblica e teoria dei giochi.
Prerequisites
Students are expected to be familiar with basic microeconomic and macroeconomic concepts and models, and with elements of public economics and game theory.
Programma
1) Le istituzioni della UE e il budget
2) Il mercato unico I
a) Elementi di analisi microeconomica
b) Politiche commerciali e accordi preferenziali
b) Dimensione del mercato ed effetti di scala
c) Effetti sulla crescita
d) Mercato del lavoro e migrazione
3) Il mercato unico II
a) L'allocazione dell'attività economia nelle regioni UE
b) Teorie di localizzazione (forze di agglomerazione e di dispersione, mobilità delle
imprese, labour market pooling, il ruolo delle aspettative e della storia)
c) Politiche di coesione
d) Convergenza economia
4) Riforme strutturali I: Crescita e politiche a favore della concorrenza e riforme fiscali
a) Beni e servizi
b) Mercato del lavoro
5) Riforme strutturali II: Crescita, innovazione e capitale umano
a) R&S e innovazione
b) Capitale umano
c) Produttività e livello di istruzione nei Paesi UE
6) La politica agricola comunitaria
7) La politica ambientale europea
8) Rischi climatici
Program
1) The EU structure, the institutions and the budget
2) The Single Market I
a) Essential microeconomic tools
b) The economics of preferential liberalization
b) Market size, imperfect competition and scale effects
c) Growth effects and factor market integration
d) Labour markets and migration in the EU
3) The Single Market II
a) The spatial allocation of economic activity in the EU and regional disparities
b) Location theories (agglomeration and dispersion forces, a footloose capital model,
labour market pooling, the role of history versus expectations)
c) Cohesion Policies
d) Economic convergence
4) Structural Reforms I: fostering growth through competition policies and tax reforms
a) Product markets
b) Labour markets
5) Structural Reforms II: fostering growth through knowledge creation and human capital
accumulation
a) R&D and innovation
b) Human capital and education policies
c) Productivity trend and education level
6) The common agricultural policy
7) Environmental policy in the EU
8) Climate-related risks
Testi Adottati
Baldwin, Richard and Wyplosz, Charles (2019), The Economics of European Integration, 6th edition, McGraw Hill.
Books
Baldwin, Richard and Wyplosz, Charles (2019), The Economics of European Integration, 6th edition, McGraw Hill.
Bibliografia
Altomonte, Carlo and Nava, Mario (2006), Economics and Policies of an Enlarged Europe, Edward Elgar.
Barro, Robert J., and Sala-i-Martin, Xavier. (2003), Economic Growth, MIT Press.
Boeri, Tito,Castanheira, Micael, Faini, Riccardo and Galasso,Vincenzo, (2006), Structural Reforms without Prejudices, Oxford University Press.
Jones, C.I and Vollrath, D.. (2013), Introduction to Economic Growth, W. W. Norton & Company.
Krugman Paul (1991), Geography and Trade, MIT Press.
Krugman, Paul, (1991), Increasing Returns and Economic Geography,"Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-99.
Krugman, Paul, (1991), History versus Expectations, The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 651-67,.
Puga Diego (2002) , European Regional Policies in Light of Recent Location Theories, Journal of Economic Geography, 2:373-406, 2002.
Romer David (2011) Advanced Macroeconomics, The Mcgraw-Hill Series in Economics.
World Bank (2008), World Development Report 2009: Reshaping Economic Geography, Washington, DC, chapter 4, "A guide to scale economies" (pp. 129- 140)
Bibliography
Altomonte, Carlo and Nava, Mario (2006), Economics and Policies of an Enlarged Europe, Edward Elgar.
Barro, Robert J., and Sala-i-Martin, Xavier. (2003), Economic Growth, MIT Press.
Boeri, Tito,Castanheira, Micael, Faini, Riccardo and Galasso,Vincenzo, (2006), Structural Reforms without Prejudices, Oxford University Press.
Jones, C.I and Vollrath, D.. (2013), Introduction to Economic Growth, W. W. Norton & Company.
Krugman Paul (1991), Geography and Trade, MIT Press.
Krugman, Paul, (1991), Increasing Returns and Economic Geography,"Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-99.
Krugman, Paul, (1991), History versus Expectations, The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 651-67,.
Puga Diego (2002) , European Regional Policies in Light of Recent Location Theories, Journal of Economic Geography, 2:373-406, 2002.
Romer David (2011) Advanced Macroeconomics, The Mcgraw-Hill Series in Economics.
World Bank (2008), World Development Report 2009: Reshaping Economic Geography, Washington, DC, chapter 4, "A guide to scale economies" (pp. 129- 140)
Modalità di svolgimento
Metodi d’insegnamento
- Lezioni frontali
- Esercitazioni per le quali è richiesta una partecipazione attiva da parte degli studenti
- Studio di casi pratici
Metodi di apprendimento
- Frequentare le attività didattiche in maniera attiva
- Prendere appunti in maniera organica ed intelligente
- Ricercare materiale in biblioteca e on-line
- Studiare i testi di riferimento e le letture di base
- Leggere e studiare i documenti ufficiali (trattati, direttive, regolamenti, rapporti ecc...)
Teaching methods
Teaching methods
- Lectures
- Tutorials with active student participation
- Case studies and discussions
Learning methods
- Active class participation
- Taking notes in class
- Search for study material in the library and on-line
- Studying the assigned basic readings on textbooks, handouts and journal articles
- Reading and studying official documents (treaties, directives, regulations, reports etc...)
Regolamento Esame
Esame scritto e orale su tutto il programma.
Sistema di voto e criteri di valutazione
Il sistema di voto si basa sul sistema italiano di valutazione che varia da 18/30 a 30/30. Nello specifico, il voto più alto è 30/30 con lode, mentre quello più basso è 18/30. Gli esami con voto inferiore a 18/30 sono considerati “non superati”.
La prova scritta e quella orale valutano la preparazione complessiva dello studente, la capacità di integrare (e collegare) le conoscenze delle diverse parti del programma, la consequenzialità del ragionamento, la capacità analitica e l'autonomia di giudizio. Come criteri aggiuntivi, saranno presi in considerazione la proprietà della lingua e la chiarezza di presentazione, in accordo con i risultati di apprendimento generali e specifici descritti in questo modulo (conoscenza e comprensione; capacità di applicare conoscenza e comprensione; autonomia di giudizio; capacità di apprendimento; capacità di comunicazione).
Exam Rules
Written and oral exam on the whole programme.
Grading policy and assessment criteria
Grading is based on the Italian Grading System ranges from 18/30 to 30/30. Specifically, the highest mark is 30/30 with distinction (defined as “lode” in Italian), while the lower is 18/30. Exams under 18/30 are considered as “not passed”.
The written and oral exams evaluate the overall preparation of the student, the ability to integrate (and connect) the knowledge of the different parts of the program, the consequentiality of the reasoning, the analytical capacity, and the autonomy of judgment. As additional criteria, the property of language and clarity of presentation, in accordance with the general and the specific learning outcomes already described in this form (i.e., knowledge and understanding; ability to apply knowledge and understanding; autonomy of judgment; learning skills; communication skills), will be taken into consideration.
FRANCESCA DILUISO
Bibliography
Altomonte, Carlo and Nava, Mario (2006), Economics and Policies of an Enlarged Europe, Edward Elgar.
Barro, Robert J., and Sala-i-Martin, Xavier. (2003), Economic Growth, MIT Press.
Boeri, Tito,Castanheira, Micael, Faini, Riccardo and Galasso,Vincenzo, (2006), Structural Reforms without Prejudices, Oxford University Press.
Jones, C.I and Vollrath, D.. (2013), Introduction to Economic Growth, W. W. Norton & Company.
Krugman Paul (1991), Geography and Trade, MIT Press.
Puga Diego (2002) , European Regional Policies in Light of Recent Location Theories, Journal of Economic Geography, 2:373-406, 2002.
Romer David (2011) Advanced Macroeconomics, The Mcgraw-Hill Series in Economics.
Regolamento Esame
Esame scritto e orale su tutto il programma.
Sistema di voto e criteri di valutazione
Il sistema di voto si basa sul sistema italiano di valutazione che varia da 18/30 a 30/30. Nello specifico, il voto più alto è 30/30 con lode, mentre quello più basso è 18/30. Gli esami con voto inferiore a 18/30 sono considerati “non superati”.
La prova scritta e quella orale valutano la preparazione complessiva dello studente, la capacità di integrare (e collegare) le conoscenze delle diverse parti del programma, la consequenzialità del ragionamento, la capacità analitica e l'autonomia di giudizio. Come criteri aggiuntivi, saranno presi in considerazione la proprietà della lingua e la chiarezza di presentazione, in accordo con i risultati di apprendimento generali e specifici descritti in questo modulo (conoscenza e comprensione; capacità di applicare conoscenza e comprensione; autonomia di giudizio; capacità di apprendimento; capacità di comunicazione).
Exam Rules
Written and oral exam on the whole programme.
Grading policy and assessment criteria
Grading is based on the Italian Grading System ranges from 18/30 to 30/30. Specifically, the highest mark is 30/30 with distinction (defined as “lode” in Italian), while the lower is 18/30. Exams under 18/30 are considered as “not passed”.
The written and oral exams evaluate the overall preparation of the student, the ability to integrate (and connect) the knowledge of the different parts of the program, the consequentiality of the reasoning, the analytical capacity, and the autonomy of judgment. As additional criteria, the property of language and clarity of presentation, in accordance with the general and the specific learning outcomes already described in this form (i.e., knowledge and understanding; ability to apply knowledge and understanding; autonomy of judgment; learning skills; communication skills), will be taken into consideration.
Aggiornato A.A. 2021-2022
Aggiornato A.A. 2021-2022
Master of Science in European Economy & Business Law
Economic Integration & Structural Reforms
Academic Year 2021-2022
Lecturer: Prof. Barbara Annicchiarico
Teams link: Click here
E-mail address: barbara.annicchiarico@uniroma2.it
E-mail policy: See here
Office Hour: I haven't an open-door policy. Please respect office hours. Check here
Credits - CFU: 6
Syllabus Updates and Material: Students are advised to regularly check for syllabus updates. Handouts and presentations will be available in due course.
Description of the Course
The course will cover economic concepts, models, and tools developed in the field of international economics and macroeconomics that are particularly suited to provide students with a better understanding of the process of European integration and structural reforms.
Prerequisites
Students are expected to be familiar with basic microeconomic and macroeconomic concepts and models, and with elements of public economics and game theory. A quantitative background is not strictly required, but students will benefit from the knowledge of mathematics and statistics. The course is held in English.
Learning outcomes
Deep understanding of the economic integration process on growth, competition, the spatial allocation of economic activity, cohesion, and convergence.
Knowledge of the role played by reforms on product and labor markets, of the importance of R&D activity, innovation, and human capital accumulation as engines of growth; understanding of the common agricultural policy; understanding and critical evaluation of the objectives of the EU growth policies.
Learning an analytical and quantitative approach for economic analysis so as to strengthen what is already learned during the first cycle and be able to apply these tools in an innovative way, also in research contexts.
Knowledge and understanding
To give students familiarity with a broad range of European policy issues; to ensure a good knowledge of the economic grounding of European economic integration; to show students the usefulness of simple analytical models in understanding the relevant aspects of European integration and to give them the ability to apply these analytical tools intelligently.
Applying knowledge and understanding
What is learned can be applied to other situations and to actual work in the context of European institutions and/or national and local public administrations subject to European directives and regulations.
Making judgments
What is learned can be used to assess critically and without prejudices: i) the activity and the decisions of national and European policymakers; ii) the reforms on the agenda. Students will be able to understand novel and complex problems related to the process of economic integration and speculate on future evolutions of the EU.
Communication skills
Be able to rigorously present facts and complex mechanisms; learn how to present complex facts and economic mechanisms in a comprehensive manner and communicate the relative conclusions, knowledge, and rationale to specialists and non-specialized audiences.
Learning skill
The course aims at providing students with the tools necessary for future learning. At the end of the course, students are expected to be able to read and understand official documents, scientific articles, and databases. Students are also expected to develop autonomous learning abilities.
Special attention will be given to helping students develop their soft skills, such as flexibility, integrity and work ethic, positive attitude, responsibility, teamwork, and interpersonal skills.
Exams
Written and oral examination of all course contents. See the exam rules page. Teams link for exams. During the last two weeks of the course students can opt to give a presentation on an assigned topic worthing 25% of the final grade. Topics will be assigned according to precise rules. See the file Assignment.pdf.
Grading Policy
Please note that a final grade of 30/30 represents achievement that is outstanding relative to the level necessary to meet course requirements (students must show an excellent knowledge of the subject, all written work must be well written, competent and accurate; sloppiness of any kind will prevent a student from getting 30/30 as final grade, no matter if the student feels she/he is well prepared). Bargaining on grading is not allowed. Notice that grading is based on performance rather than effort. If you are not happy with the grade, just improve the performance. It is not possible to submit extra work in the attempt to improve a grade.
Zero tolerance for academic dishonesty
Academic dishonesty includes cheating on exams, plagiarism, improper citation, recycled work, unauthorized assistance, or similar actions. Assignments and projects are specific to individual courses; presenting the same work in two different courses (including previous courses) is considered recycling and is unacceptable.
Students who commit an act of academic dishonesty will receive a failing grade. See also the Exam Rules.
Attedance and Behavior
Syllabus
6th December 2021
IMPORTANT: This syllabus will be subject to changes and updates during the course. The final reading list for each topic will be available step by step. In this way I'll be able to tailor the contents of this course to students' needs, interests and background. Please check this syllabus on a regular basis for any updates.
Please notice that
1. Basic Tools
-
Logarithms
-
Derivative w.r.t. time
-
Growth Rates
Final Readings
2. History, Facts and Institutions
Final Readings
3. The Microeconomics of Economic Integration & The Economics of Preferential Trade Agreement
Final Readings
4. The Single Market: The Essential Economics
-
Market size and scale effects
-
The neoclassical growth model (The Solow model)
-
Growth effects and factor market integration - An analysis using the neoclassical growth model
-
Labour markets and migration
-
The EU Single Market
Final Readings
-
*BW-2019: chapter 6* (Annex included), chapter 7* and chapter 8*
-
*JV-2013: chapter 2: only the introduction* and section 2.1*
-
*20 Years of the European Single Market, available here
-
*Presentations # 3, 4, 5, 6, 7
-
*What benefits from completing the Single Market?, available here
-
*The EU single market: How it works and the benefits it offers, available here
-
2018 Annual Report on intra-EU labour mobility, available here
-
Allen, C., Gasiorek, M. and Smith, A. (1998), European Single Market: How the programme has fostered competition, Economic Policy, 441-486.
-
Badinger, H., (2005). Growth Effects of Economic Integration: Evidence from the EU Member States, Review of World Economics (Weltwirtschaftliches Archiv), 41(1),50-78.
-
Badinger, H., (2007). Has the EU's Single Market Programme Fostered Competition? Testing for a Decrease in Mark-up Ratios in EU Industries, Oxford Bulletin of Economics and Statistics, 69(4), 497-519.
-
Baldwin, R. E. & Forslid, R., (2000),. Trade liberalisation and endogenous growth: A q-theory approach, Journal of International Economics, 50(2), 497-517, .
-
Solow, R.M., 1956. A contribution to the theory of economic growth. The quarterly journal of economics, 70(1), pp.65-94.
-
Video
-
Links
5. The Single Market: Location theories, policies and regional disparities
-
Location Theories
-
A workhorse tool for NEG and competition analysis in macro: the Dixit-Stiglitz Model
-
Agglomeration and dispersion forces
-
A simple footloose capital (FC) model
-
Labour market pooling
-
History v. Expectations
Final Readings
-
*BW-2019: chapter 10
-
*K-1991, pp. 29-33 (section: History versus Expectations, chapter 1), pp. 38-49 (section: Labor Market Pooling, chapter 2), *Appendixes B & C.
- *Presentations #8, 9, 10, 11(only main assumptions, implications and graphical analysis), 13 and Presentation Dixit Stiglitz Model
- Presentation 12
-
*Indermit Gill (2010) * Regional development policies: Place-based or people-centred? VoxEU.org, 9 October
-
Brülhart, Marius (2009) I s the new economic geography passé? VoxEU.org, 7 January.
-
*World Bank (2008), World Development Report 2009: Reshaping Economic Geography, Washington, DC, chapter 4, "A guide to scale economies" (only pp. 129- 140)
-
*Convergence of EU Regions: Measures and Evolution (only sections 2 and 3)
-
Neary, J. Peter, (2001), "Of Hype and Hyperbolas: Introducing the New Economic Geography," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 536-561, June.
-
Krugman, Paul, (1991), "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-99, June.
-
Krugman, Paul, (1991), "History versus Expectations," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 651-67, May.
-
GT-2013, chapter 16.
-
Baldwin, Richard E. & Venables, Anthony J., (1995). "Regional economic integration," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 31, pages 1597-1644.
-
Baldwin, Richard E. & Krugman, Paul, (2004),. "Agglomeration, integration and tax harmonisation," European Economic Review, Elsevier, vol. 48(1), pages 1-23, February.
-
Dixit, A.K., Stiglitz, J.E., (1977) Monopolistic competition and optimum product diversity. American Economic Review 67 (3), 297--308.
6. The Common Agricultural Policy and the EU Budget
Final Readings
-
*BW-2019: chapter 9 + *The effects of an export subsidy here
-
*BW-2019: chapter 2, section 2.7*
-
*Presentations 14-15
-
European Commission (2013), Overview of the CAP Reform 2014-2020
-
*Have a look at the website: *CAP at a glance (with keywords!) here
-
*Myths and Facts of the EU Budget here
-
*The EU budget here
7. Structural Reforms
Final Readings
-
*Presentations #16, 17, 18
- *Presentation on "Structural reforms and the debt_trap"
-
Presentation #19
- *OECD Going for growth: here
- *Towards a European Education Area: here
-
*Padoan P.C, & van der Noord P. (2012) Is Austerity Going Too Far? Structural Reforms and The Debt Trap, chapter 8 of this book
-
BCFG-2006: chapters 2, 6
-
AN-2005: chapters 8 and 9
8. Current Challenges and Prospects
- Towards a sustainable Europe
- Challenges
Final Readings
Books
-
AH-2009: Aghion, P., and P. Howitt (2009), The Economics of Growth, MIT Press.
-
AN-2005: Altomonte, Carlo and Nava, Mario (2006), Economics and Policies of an Enlarged Europe, Edward Elgar.
-
BAG-2013: Blanchard, O., Amighini A., Giavazzi F., (2015), Macroeconomics, A European Perspective,2nd edition, Pearson.
-
BW-2019: Baldwin, Richard and Wyplosz, Charles (2019), The Economics of European Integration, 6th edition, McGraw Hill. This book represents an ESSENTIAL READING for this course.
-
BSiM-2004: Barro, R.J., and Sala-i-Martin, X. (2004), Economic Growth, MIT Press.
-
BCFG-2006: Boeri, Tito,Castanheira, Micael, Faini, Riccardo and Galasso,Vincenzo, (2006), Structural Reforms without Prejudices, Oxford University Press.
-
JV-2013 Jones, C.I and Vollrath, D.. (2013), Introduction to Economic Growth, W. W. Norton & Company.
-
K-1991 Krugman Paul (1991), Geography and Trade, MIT Press.
Books
-
BW-2019: Baldwin, Richard and Wyplosz, Charles (2019), The Economics of European Integration, 6th edition, McGraw Hill. This book represents an ESSENTIAL READING for this course.
Aggiornato A.A. 2020-2021
Aggiornato A.A. 2020-2021
Master of Science in European Economy & Business Law
Economic Integration & Structural Reforms
Academic Year 2020-2021
Lecturer: Prof. Barbara Annicchiarico
Teams link: Click here
E-mail address: barbara.annicchiarico@uniroma2.it
E-mail policy: See here
Office Hour: I haven't an open-door policy. Please respect office hours. Check here
Credits - CFU: 6
Syllabus Updates and Material: Students are advised to regularly check for syllabus updates. Handouts and presentations will be available in due course.
Description of the Course
The course will cover economic concepts, models and tools developed in the field of international economics and macroeconomics that are particularly suited to provide students with a better understanding of the process of European integration and the structural reforms.
Prerequisites
Students are expected to be familiar with basic microeconomic and macroeconomic concepts and models, and with elements of public economics and game theory. A quantitative background is not strictly required, but students will benefit from knowledge of mathematics and statistics. The course is held in English.
Learning outcomes
Deep understanding of the economic integration process on growth, competition, the spatial allocation of economic activity, cohesion and convergence.
Knowledge of the role played by reforms on product and labor markets, of the importance of R&D activity, innovation and human capital accumulation as engines of growth; understanding of the common agricultural policy; understanding and critical evaluation of the objectives of the EU growth policies.
Learning of an analytical and quantitative approach for economic analysis so to strengthen what already learned during the first cycle and be able to apply these tools in an innovative way, also in research contexts.
Knowledge and understanding
To give students familiarity with a broad range of European policy issues; to ensure a good knowledge of the economic grounding of European economic integration; to show students the usefulness of simple analytical models in understanding the relevant aspects of European integration and to give them the ability to apply these analytical tools intelligently.
Applying knowledge and understanding
What is learned can be applied to other situations and to actual work in the context of European institutions and/or national and local public administrations subject to European directives and regulations.
Making judgements
What is learned can be used to assess critically and without prejudices: i) the activity and the decisions of national and European policymakers; ii) the reforms on the agenda. Students will be able to understand novel and complex problems related to the process of economic integration and speculate on future evolutions of the EU.
Communication skills
Be able to rigorously present facts and complex mechanisms; learn how to present complex facts and economic mechanisms in a comprehensive manner and communicate the relative conclusions, knowledge and rationale to specialists and non-specialized audiences.
Learning skill
The course aims at providing students with the tools necessary for future learning. At the end of the course students are expected to be able to read and understand official documents, scientific articles and databases. Students are also expected to be develop autonomous learning abilities.
Special attention will be given to help students develop their soft skills, such as flexibility, integrity and work ethic, positive attitude, responsibility, teamwork and interpersonal skills.
Exams
Written and oral examination on all programme. Different rules apply whether the exam will be held in presence or in remote. See the exam rules page. Teams link for exams.
Grading Policy
Please note that a grade of 30/30 represents achievement that is outstanding relative to the level necessary to meet course requirements (students must show an excellent knowledge of the subject, all written work must be well written, competent and accurate; sloppiness of any kind will prevent a student from getting 30/30 as final grade, no matter if the student feels she/he is well prepared). Bargaining on grading is not allowed. Notice that grading is based on performance rather than effort. If you are not happy with the grade, just improve the performance. It is not possible to submit extra work in the attempt to improve a grade.
Zero tolerance for academic dishonesty
Academic dishonesty includes cheating on exams, plagiarism, improper citation, recycled work, unauthorized assistance, or similar actions. Assignments and projects are specific to individual courses; presenting the same work in two different courses (including previous courses) is considered recycling and is unacceptable.
Students who commit an act of academic dishonesty will receive a failing grade. See also the Exam Rules.
Attedance and Behavior
Syllabus
Last update: 28th November 2020
IMPORTANT: This syllabus will be subject to changes and updates during the course. The final reading list for each topic will be available step by step. In this way I'll be able to tailor the contents of this course to students' needs, interests and background. Please check this syllabus on a regular basis for any updates.
Please notice that
1. Basic Tools
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Logarithms
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Derivative w.r.t. time
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Growth Rates
Final Readings
2. History, Facts and Institutions
Final Readings
3. The Microeconomics of Economic Integration & The Economics of Preferential Trade Agreement
Final Readings
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*BW-2019: chapter 4* (excluding sub-section 4.4.1) and 5* (excluding box 5.2)
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*Presentation_Essential_Micro_Tools, *Presentation # 2
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Steinbach, A. (2014). Price Undertakings in EU Anti-dumping Proceedings — an Instrument of the Past? Journal of Economic Integration, 29(1), 165-187. http://www.jstor.org/stable/23819365
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Useful link for trade policy welfare analysis: see here
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Anti-dumping measures in the EU: see here
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What is the Common Customs Tariff?
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GVC in one graphic
4. The Single Market: The Essential Economics
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Market size and scale effects
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The neoclassical growth model (The Solow model)
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Growth effects and factor market integration - An analysis using the neoclassical growth model
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Labour markets and migration
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The EU Single Market
Final Readings
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*BW-2019: chapter 6* (Annex included), chapter 7* and chapter 8*
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*JV-2013: chapter 2: only the introduction* and section 2.1*
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*20 Years of the European Single Market, available here
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*Presentations # 3, 4, 5, 6, 7
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*What benefits from completing the Single Market?, available here
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*The EU single market: How it works and the benefits it offers, available here
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2018 Annual Report on intra-EU labour mobility, available here
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Allen, C., Gasiorek, M. and Smith, A. (1998), European Single Market: How the programme has fostered competition, Economic Policy, 441-486.
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Badinger, H., (2005). Growth Effects of Economic Integration: Evidence from the EU Member States, Review of World Economics (Weltwirtschaftliches Archiv), 41(1),50-78.
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Badinger, H., (2007). Has the EU's Single Market Programme Fostered Competition? Testing for a Decrease in Mark-up Ratios in EU Industries, Oxford Bulletin of Economics and Statistics, 69(4), 497-519.
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Baldwin, R. E. & Forslid, R., (2000),. Trade liberalisation and endogenous growth: A q-theory approach, Journal of International Economics, 50(2), 497-517, .
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Clemente, J., Pueyo, F., Sanz, F., (2009), Market potential, European Union and growth, Journal of Policy Modeling, 31(5), 719-730.
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Solow, R.M., 1956. A contribution to the theory of economic growth. The quarterly journal of economics, 70(1), pp.65-94.
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Vanhoudt, P. (1999), Did the European unification induce economic growth? In search of scale effect and persistent changes Weltwirtschaftliches Archiv, 135 , 193--220
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Video
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Links
5. The Single Market: Location theories, policies and regional disparities
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Location Theories
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A workhorse tool for NEG and competition analysis in macro: the Dixit-Stiglitz Model
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Agglomeration and dispersion forces
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A simple footloose capital (FC) model
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Labour market pooling
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History v. Expectations
Final Readings
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*BW-2019: chapter 10
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*K-1991, pp. 29-33 (section: History versus Expectations, chapter 1), pp. 38-49 (section: Labor Market Pooling, chapter 2), *Appendixes B & C.
- *Presentations #8, 9, 10, 11(only main assumptions, implications and graphical analysis), 12(only main assumptions and implications), 13 and *Presentation Dixit_Stiglitz
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*Indermit Gill (2010) * Regional development policies: Place-based or people-centred? VoxEU.org, 9 October
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Brülhart, Marius (2009) I s the new economic geography passé? VoxEU.org, 7 January.
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*World Bank (2008), World Development Report 2009: Reshaping Economic Geography, Washington, DC, chapter 4, "A guide to scale economies" (only pp. 129- 140)
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*Convergence of EU Regions: Measures and Evolution (only sections 2 and 3)
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Neary, J. Peter, (2001), "Of Hype and Hyperbolas: Introducing the New Economic Geography," Journal of Economic Literature, American Economic Association, vol. 39(2), pages 536-561, June.
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Krugman, Paul, (1991), "Increasing Returns and Economic Geography," Journal of Political Economy, University of Chicago Press, vol. 99(3), pages 483-99, June.
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Krugman, Paul, (1991), "History versus Expectations," The Quarterly Journal of Economics, MIT Press, vol. 106(2), pages 651-67, May.
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GT-2013, chapter 16.
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Baldwin, Richard E. & Venables, Anthony J., (1995). "Regional economic integration," Handbook of International Economics, in: G. M. Grossman & K. Rogoff (ed.), Handbook of International Economics, edition 1, volume 3, chapter 31, pages 1597-1644.
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Baldwin, Richard E. & Krugman, Paul, (2004),. "Agglomeration, integration and tax harmonisation," European Economic Review, Elsevier, vol. 48(1), pages 1-23, February.
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Dixit, A.K., Stiglitz, J.E., (1977) Monopolistic competition and optimum product diversity. American Economic Review 67 (3), 297--308.
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Trionfetti, Federico (2001), "Public Procurement, Market Integration, and Income Inequalities," Review of International Economics, Wiley Blackwell, vol. 9(1), pages 29-41, February.
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Annicchiarico, Barbara, Orioli, Federica & Trionfetti, Federico (2012), "National Oligopolies and Economic Geography", The Annals of Regional Science , 48(1), 2012.
6. The Common Agricultural Policy and the EU Budget
Final Readings
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*BW-2019: chapter 9 + *The effects of an export subsidy here
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*BW-2019: chapter 2, section 2.7*
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*Presentations 14-15
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European Commission (2013), Overview of the CAP Reform 2014-2020
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*Have a look at the website: *CAP at a glance (with keywords!) here and *Recent trends here
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*Myths and Facts of the EU Budget here
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*The EU budget here
7. Structural Reforms
Final Readings
8. Europe Reform Strategy
Final Readings
9. Current Challenges and Prospects
Final Readings
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*Presentation 24
- *BW-2019: chapter 1*: sections 1.9* and 1.10*
Books
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AH-2009: Aghion, P., and P. Howitt (2009), The Economics of Growth, MIT Press.
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AN-2005: Altomonte, Carlo and Nava, Mario (2006), Economics and Policies of an Enlarged Europe, Edward Elgar.
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BAG-2013: Blanchard, O., Amighini A., Giavazzi F., (2015), Macroeconomics, A European Perspective,2nd edition, Pearson.
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BW-2019: Baldwin, Richard and Wyplosz, Charles (2019), The Economics of European Integration, 6th edition, McGraw Hill. This book represents an ESSENTIAL READING for this course.
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BSiM-2004: Barro, R.J., and Sala-i-Martin, X. (2004), Economic Growth, MIT Press.
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BCFG-2006: Boeri, Tito,Castanheira, Micael, Faini, Riccardo and Galasso,Vincenzo, (2006), Structural Reforms without Prejudices, Oxford University Press.
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JV-2013 Jones, C.I and Vollrath, D.. (2013), Introduction to Economic Growth, W. W. Norton & Company.
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K-1991 Krugman Paul (1991), Geography and Trade, MIT Press.
Books
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BW-2019: Baldwin, Richard and Wyplosz, Charles (2019), The Economics of European Integration, 6th edition, McGraw Hill. This book represents an ESSENTIAL READING for this course.
Prof.ssa Lucia Leonelli
