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.
Program
6 CFU (36 ore) divided as follows:
Part 1: Costs and Benefits of Monetary Union
1: The costs of a common currency
2: The theory of optimum currency areas: a critique
3: The benefits of a common currency
4: Costs and benefits compared
Part 2: Monetary Union
5: The fragility of incomplete monetary unions
6: The transition to a monetary union
7: How to complete a monetary union
8: Political economy of deconstructing the Eurozone
9: The European Central Bank
10: Monetary policy in the Eurozone
11: Fiscal policies in monetary unions
12: The euro and financial markets
Material: the slides and the material used for the course will be available on the course website
Part 1: Costs and Benefits of Monetary Union
1: The costs of a common currency
2: The theory of optimum currency areas: a critique
3: The benefits of a common currency
4: Costs and benefits compared
Part 2: Monetary Union
5: The fragility of incomplete monetary unions
6: The transition to a monetary union
7: How to complete a monetary union
8: Political economy of deconstructing the Eurozone
9: The European Central Bank
10: Monetary policy in the Eurozone
11: Fiscal policies in monetary unions
12: The euro and financial markets
Material: the slides and the material used for the course will be available on the course website
Books
De Grauwe Paul (2022), The Economics of Monetary Union, 14th Edition, Oxford University Press.
Bibliography
Blanchard, O., Amighini A., Giavazzi F. (2021), Macroeconomics, A European Perspective, 4th Edition, Pearson.
Teaching methods
Lectures are not compulsory but highly recommended.
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.