ECONOMIC POLICY M - Z

Knowledge and understanding

• of the rationale for public intervention in the economy;

• of the role played by institutions in the context of economic policy;

• of the effect of the economic policy actions in specific contexts, such as the labor markets;

Applying knowledge and understanding

• Ability to perform an analysis of the economic behavior of public and private agents;

• Ability to evaluate the role of government and the need for political and economic interventions in market economies;

• Ability to formulate objectives of economic policy, evaluate their results, and use available information to evaluate the adequacy of policies adopted in specific cases;

Making judgments

• on the appropriate theoretical frameworks and tools to evaluate econ

omic policy actions in specific contexts;

Communication skills

• to present in a consistent and clear way the rationale and the effects of public intervention in the economy;

Learning skills

• ability to understand the theoretical framework to assess the public

intervention in the economy;

• ability to evaluate the empirical evidence and connect it to specific policy contexts

Frontal lectures, exercises, etc

Economic policy and conflict. The normative theory of economic policy. Market power. Antitrust policies. Income distribution and social well-being. The welfare state. Industrial policies. Regional policies. Economic disequilibrium regimes. The basic models for macroeconomic analysis. Fiscal policy. Monetary policy. Inflation and anti-inflationary policies. The Phillips curve and labor policies. Macroeconomic policies in the presence of strategic interdependence between government and private individuals. The balance of payments and the exchange rate. The effects of macroeconomic policies in the open economy: the IS-LM-BP model. Growth and development policies. Economic policies in the European Union

Cellini R., Politica Economica. Introduzione ai modelli fondamentali. McGraw-Hill, Milano, III edizione, 2019, capitoli 1, 2, 6, 7, 9, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25 e 26. Nel corso delle lezioni verrà fornito ulteriore materiale didattico.