EUROPEAN ECONOMY AND POLICIES
Syllabus
EN
IT
Learning Objectives
LEARNING OUTCOMES:
The mission of this course is to explore how the public sphere works, how public decisions are made and which are the main implications for companies and the civil society. By public sphere we mean governments at any level, public sector organizations, international institutions, as well as non-profit and non-governmental organizations.
KNOWLEDGE AND UNDERSTANDING:
The course aims at providing both a conceptual overview of issues, but also at providing a glimpse into the practical and concrete difficulties linked to policy development and policy implementation at the social and institutional levels.
APPLYING KNOWLEDGE AND UNDERSTANDING:
At the end of the course, students should be able to:
- identify the specificities and key problems of public sector organizations, international institutions and non-profit and non-governmental organizations;
- recognize and understand the different types of cross-sectoral interactions and collaborations;
- use the knowledge from the economic and managerial fields to develop ideas for improving the strategy and performance of public sector organizations, international institutions, as well as non-profit and non-governmental organizations.
MAKING JUDGEMENTS:
Beside lectures, seminars with practitioners, case study discussions and short project works will enable students to identify critical aspects of the subject and propose solutions.
COMMUNICATION SKILLS:
Class participation and presentations, as well as discussion with practitioners, are aimed to enhance students’ communication and dialogue capacities.
LEARNING SKILLS:
Analyzing in a critical way concrete situations and case studies, working in team and managing strict deadlines.
The mission of this course is to explore how the public sphere works, how public decisions are made and which are the main implications for companies and the civil society. By public sphere we mean governments at any level, public sector organizations, international institutions, as well as non-profit and non-governmental organizations.
KNOWLEDGE AND UNDERSTANDING:
The course aims at providing both a conceptual overview of issues, but also at providing a glimpse into the practical and concrete difficulties linked to policy development and policy implementation at the social and institutional levels.
APPLYING KNOWLEDGE AND UNDERSTANDING:
At the end of the course, students should be able to:
- identify the specificities and key problems of public sector organizations, international institutions and non-profit and non-governmental organizations;
- recognize and understand the different types of cross-sectoral interactions and collaborations;
- use the knowledge from the economic and managerial fields to develop ideas for improving the strategy and performance of public sector organizations, international institutions, as well as non-profit and non-governmental organizations.
MAKING JUDGEMENTS:
Beside lectures, seminars with practitioners, case study discussions and short project works will enable students to identify critical aspects of the subject and propose solutions.
COMMUNICATION SKILLS:
Class participation and presentations, as well as discussion with practitioners, are aimed to enhance students’ communication and dialogue capacities.
LEARNING SKILLS:
Analyzing in a critical way concrete situations and case studies, working in team and managing strict deadlines.
Prerequisites
Macroeconomics, international economics. Knowledge of macro-economic models (IS-LM)
in closed and open economy (IS-LM-BP and Mundell-Fleming). Knowledge of the
fundamentals of international economics (fixed/flexible exchange rates), purchasing power
parity, uncovered interest parity.
in closed and open economy (IS-LM-BP and Mundell-Fleming). Knowledge of the
fundamentals of international economics (fixed/flexible exchange rates), purchasing power
parity, uncovered interest parity.
Program
6 CFU (36 ore) divided as follows:
Part I (10 hours)
Foundations of Open Macroeconomics; Exchange Rate Regimes. Currency Crises.
Financial Crises.
Part II (16 hours)
Euro and Public Debt Crises. Optimal Currency Areas: Costs and Benefits. The Maastricht
Treaty and Creation of the EMU. The EU Growth Dilemma and the Stability and Growth
Pact. BCE and National Governments Fiscal Policies.
Part III (10 hours)
Housing Markets and Macro-prudential Policies. EU Monetary and Fiscal Policies during
the Pandemic in the EU.
Material: the slides and the material used for the course will be available on the course
website
Part I (10 hours)
Foundations of Open Macroeconomics; Exchange Rate Regimes. Currency Crises.
Financial Crises.
Part II (16 hours)
Euro and Public Debt Crises. Optimal Currency Areas: Costs and Benefits. The Maastricht
Treaty and Creation of the EMU. The EU Growth Dilemma and the Stability and Growth
Pact. BCE and National Governments Fiscal Policies.
Part III (10 hours)
Housing Markets and Macro-prudential Policies. EU Monetary and Fiscal Policies during
the Pandemic in the EU.
Material: the slides and the material used for the course will be available on the course
website
Books
Baldwin, Richard and Wyplosz, Charles (2019), The Economics of European Integration,
6th edition, McGraw Hill.
De Grauwe Paul (2018), The Economics of Monetary Union, 12th edition, Oxford University
Press.
6th edition, McGraw Hill.
De Grauwe Paul (2018), The Economics of Monetary Union, 12th edition, Oxford University
Press.
Bibliography
Blanchard, O., Amighini A., Giavazzi F., (2015), Macroeconomics, A European
Perspective,2nd edition, Pearson.
Perspective,2nd edition, Pearson.
Teaching methods
Classroom Lectures
Lessons focused on problem-solving
Searching of additional dedicated materials in the library and on-line
Analysis of referred readings and textbooks
Studying suggested articles and readings
Lessons focused on problem-solving
Searching of additional dedicated materials in the library and on-line
Analysis of referred readings and textbooks
Studying suggested articles and readings
Exam Rules
Discussions and interactive participation during the course.
Final written exam in which questions are formulated to ascertain whether the student is
able to use the acquired knowledge to understand the proposed problems.
The score of the exam is awarded by means of a mark expressed out of thirty. Criteria for
the formulation of the judgment expressed in thirtieths:
o Unsuitable: significant deficiencies and/or inaccuracies in knowledge, and
comprehension of topics
o 18-20: knowledge and comprehension of the topics just sufficient with
possible imperfections.
o 21-23: Knowledge and comprehension of routine topics.
o 24-26: Fair knowledge and understanding of the topics.
o 27-29: Comprehensive knowledge and understanding of the topics.
o 30-30L: Excellent level of knowledge and understanding of the topics.
Students who withdraw or fail the exam may take the exam again in the same exam
session.
Final written exam in which questions are formulated to ascertain whether the student is
able to use the acquired knowledge to understand the proposed problems.
The score of the exam is awarded by means of a mark expressed out of thirty. Criteria for
the formulation of the judgment expressed in thirtieths:
o Unsuitable: significant deficiencies and/or inaccuracies in knowledge, and
comprehension of topics
o 18-20: knowledge and comprehension of the topics just sufficient with
possible imperfections.
o 21-23: Knowledge and comprehension of routine topics.
o 24-26: Fair knowledge and understanding of the topics.
o 27-29: Comprehensive knowledge and understanding of the topics.
o 30-30L: Excellent level of knowledge and understanding of the topics.
Students who withdraw or fail the exam may take the exam again in the same exam
session.