Knowledge and Understanding: the course describes main objectives and instruments of the public intervention in the economy
Applying knowledge and understanding: the contents will be preferentially illustrated with a reference to actual facts and empirical data.
Making judgements: an introductory perspective on the comparison of different theories will be presented in such a way that students will be able to build their own point of view on policy alternatives.
Communication skills: the course will stimulate the discussion, thus stimulating the attitude to exchange information and interact on policy topics.
Learning skills: students will gain a set of instruments that will enable them to understand how to approach policy issues and learn new further concepts.
Lectures and tutorials.
Economic Policy and the conflict. The normative theory of economic policy. Market Power. Antitrust Policies. Income distribution and social well-being. The Welfare. Industrial Policies. Regional Policies. Economic disequilibrium. Basic models of macroeconomic analysis. The fiscal policy. The monetary policy. Inflation and related policies. The Phillips Curve and labour-oriented policies. Macroeconomic policies with strategic interdependence. The Balance of Payments and the exchange rate. The IS-LM-BP model. Economic growth and development. Policies in the European Union.
Cellini R., Politica Economica. Introduzione ai modelli fondamentali. McGraw-Hill, Milano, III edizione, 2019, capitoli 1, 2, 6, 7, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 e 26.