ECONOMIC POLICY

Lectures, participatory and interactive classes, peer-instruction, peer-studying and peer-assessment platforms. In addition, exercises, analyses and discussions of data, facts and institutional interventions on current economic policy issues.

Should teaching be carried out in mixed mode or remotely, it may be necessary to introduce changes with respect to previous statements, in line with the programme planned and outlined in the syllabus.

Learning assessment may also be carried out on line, should the conditions require it.

• Economic policy and its goals: economic policy and conflict, the normative theory of economic policy, the fundamentals of the welfare economics, the identification of collective aims according to the "new" economics of well-being, micro and macroeconomic goals.
• Microeconomic policies to correct market failures: Market power, antitrust policies, externalities, strategic interdependence as a cause of market failure, public goods, goods of merit and demerit, asymmetric information.
• Redistributive policies: income distribution and social well-being, the welfare state, industrial policies, regional policies.
• Macroeconomic policies: macroeconomic disequilibrium, fiscal policy, monetary policy, inflation and anti-inflationary policies, the Phillips curve and labour policies, the balance of payments and exchange rates, the effects of macroeconomic policies in the open economy (the IS-LM-BP model), growth and development policies.

Cellini, R. (2019), Politica economica. Introduzione ai modelli fondamentali (III edizione), Milano, McGrawHill.