Giuseppina AUTIERO | INSTITUTIONAL ECONOMICS
Giuseppina AUTIERO INSTITUTIONAL ECONOMICS
cod. 1212100081
INSTITUTIONAL ECONOMICS
| 1212100081 | |
| DEPARTMENT OF POLITICAL AND COMMUNICATION SCIENCES | |
| EQF6 | |
| POLITICAL AND INTERNATIONAL RELATIONS SCIENCE | |
| 2024/2025 |
| OBBLIGATORIO | |
| YEAR OF COURSE 3 | |
| YEAR OF DIDACTIC SYSTEM 2019 | |
| AUTUMN SEMESTER |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/01 | 6 | 40 | LESSONS |
| Objectives | |
|---|---|
| AIMS OF THE COURSE THE MAIN AIM OF THE COURSE IS TO PROVIDE AN IN-DEPTH UNDERSTANDING OF THE LIMITS OF MARKET-FUNCTIONING THROUGH THE ANALYSIS OF MARKET FAILURES AND OF THE ROLE PLAYED BY INSTITUTIONS IN OVERCOMING SUCH FAILURES. EXPECTED LEARNING OUTCOMES: -KNOWLEDGE AND COMPREHENSION ABILITY KNOWLEDGE OF THE DIFFERENT COMPONENTS OF INSTITUTIONAL SYSTEMS MEANT AS RULES, BELIEFS, NORMS AND ORGANIZATIONS AND THE ABILITY TO SINGLE OUT HOW THEY MAY JOINTLY GENERATE A BEHAVIOURAL REGULARITY. -ABILITY TO APPLY KNOWLEDGE AND COMPREHENSION THE ABILITY TO UNDERSTAND THROUGH A COMPARATIVE ANALYSIS HOW DIFFERENT INSTITUTIONAL SYSTEMS MAY AFFECT THE ECONOMIC PERFORMANCES OF COUNTRIES AND SMALLER COMMUNITIES. MAKING JUDGEMENTS STUDENTS WILL BE ABLE TO ASSESS THE FEATURES OF INSTITUTIONAL SETUPS FAVOURING AN EFFICIENT ALLOCATION OF RESOURCES, ALLOWING THE A SUSTAINABLE MANAGEMENT IN THE CASE OF CPRS. COMMUNICATION SKILLS STUDENTS WILL ACQUIRE A SPECIALIST LANGUAGE TO EMPHASIZE HOW DIFFERENT INSTITUTIONAL SYSTEMS AFFECT THE ALLOCATION OF RESOUCES. LEARNING SKILLS STUDENTS WILL DEVELOP THE ATTITUDE TO SEARCH FOR AND SELECT THE INFORMATION TO CONTEXTUALIZE AND UNDERSTAND THE PROBLEMS ANALYZED BY AUTONOMOUSLY AND CRITICALLY ASSESSING SOURCES. |
| Prerequisites | |
|---|---|
| THERE ARE NO REQUIREMENTS TO TAKE THIS COURSE. |
| Contents | |
|---|---|
| -INTRODUCTION TO INSTITUTIONS MEANT AS INSTITUTIONAL SYSTEMS. INSTITUTIONS AND MARKET FAILURES (3 HOURS OF LECTURES). -MARKET AS AN EFFICIENT WAY TO ALLOCATE RESOURCES (6 HOURS OF LECTURES). -MARKET FAILURES (1 HOUR OF LECTURING). -EXTERNALITIES, 'THE TRAGEDY OF THE COMMONS' AND PROPERTY RIGHT DEFINITION (4 HOURS OF LECTURES). -COASE THEOREM AND TRANSACTION COSTS (2 HOURS OF LECTURES). -COMMON PROPERTY RESOURCE MANAGEMENT (4 HOURS OF LECTURES) -PUBLIC GOOD PROVISION AND SOCIAL NORMS (4 HOURS OF LECTURES). -INCOMPLETE CONTRACTS AND ENFORCEMENT MECHANISMS (4 HOURS OF LECTURES). -AGENCY PROBLEMS AND INSTITUTIONS (2 HOURS OF LECTURES). -ANALYSIS OF CASE STUDIES OF INSTITUTIONS AND MARKET FAILURES (10 OF SEMINARS). |
| Teaching Methods | |
|---|---|
| THE COURSE CONSISTS OF 30 HOURS OF LECTURES AND 10 HOURS OF SEMINARS. AS MOST OF THE TOPICS ARE CHARACTERIZED BY A MATHEMATICAL APPROACH, I STRONGLY RECOMMEND THAT STUDENTS ATTEND THE CLASS. THE OTHER STUDENTS CAN STUDY THE TEXTS SUGGESTED IN THE READING LIST. LECTURES WILL BE IN ITALIAN, WHEREAS FOR THE SEMINARS, SOME OF THE ARTICLES WILL BE IN ENGLISH. |
| Verification of learning | |
|---|---|
| FOR THE STUDENTS WHO ATTEND THE CLASS, THEIR ASSESSMENT WILL CONSIST IN A POWER POINT PRESENTATION ON THE TOPICS SUGGESTED BY THE INSTRUCTOR FOR THE SEMINARS, WHICH WILL BE HELD DURING THE LAST WEEK OF THE COURSE, AND ORAL EXAM. THE AIM OF THE PRESENTATION IS TO EVALUATE WHETHER STUDENTS ARE ABLE TO LINK THE THEORETICAL ASPECTS DEVELOPED DURING THE LECTURES TO CASE STUDIES. WHILE, THE AIM OF THE ORAL EXAM IS TO ASSESS WHETHER STUDENTS HAVE UNDERSTOOD MARKET FAILURES AND HOW INSTITUTIONS ALLOW TO OVERCOME THEM. FINAL GRADE WILL BE A WEIGHTED AVERAGE BETWEEN THE ONE OF THE PRESENTATION AND THE ONE OF THE ORAL EXAM. FOR THE OTHER STUDENTS, THERE WILL BE ORAL EXAM. THE AIM OF THE ORAL EXAM IS TO ASSESS WHETHER STUDENTS HAVE UNDERSTOOD MARKET FAILURES AND HOW INSTITUTIONS ALLOW TO OVERCOME THEM, AND ARE ABLE TO LINK THE THEORETICAL ASPECTS DEVELOPED DURING THE LECTURES TO CASE STUDIES. THE GRADES ARE ON A BASE OF 30. THE MINIMUM GRADE TO PASS THE EXAM IS 18/30. |
| Texts | |
|---|---|
| TEXTBOOKS COMMON TO ALL STUDENTS FRANK, R. H., MICROECONOMIA, CHAP. 16 'EQUILIBRIO GENERALE ED EFFICIENZA DI MERCATO', PP. 595-612; CHAP. 17 'ESTERNALITÀ, DIRITTI DI PROPRIETÀ E TEOREMA DI COASE', PP. 625-634, MCGRAW-HILL, 1997. VARIAN, H. R., MICROECONOMIA, CHAP. 31 'ESTERNALITÀ', PP. 517-535; CHAP. 32 'BENI PUBBLICI' PP.536-549, CAFOSCARINA, 1987. MILGROM, P., ROBERTS, J., ECONOMIA, ORGANIZZAZIONE E MANAGEMENT, CAP. I 'L'IMPORTANZA DELL'ORGANIZZAZIONE', PP. 19-42; CHAP. II 'ORGANIZZAZIONE ECONOMICA ED EFFICIENZA', PP. 45-80; CHAP. V 'RAZIONALITÀ LIMITATA ED INFORMAZIONI PRIVATE', PP.199-218, PP. 229-250, IL MULINO, 2005. INSTRUCTOR'S NOTES ON COMMON PROPERTY RESOURCE MANAGEMENT. THOSE WHO DO NOT ATTEND THE CLASS WILL CHOOSE AN ARTICLE OR A REPORT CHAPTER IN THE READING LIST UPDATED EVERY YEAR AND PUBLISHED ON MY WEBSITE. |
| More Information | |
|---|---|
| DURING THE COURSE, ON MY WEBSITE, I WILL PUBLISH A READING LIST WITH THE ARTICLES THAT STUDENTS - IN A GROUP WITH A MAXIMUM OF FOUR PEOPLE - WILL PRESENT. EACH GROUP CAN CHOOSE AMONG THE ARTICLES. E-MAIL PINAUT@UNISA.IT, TEL. 089962659. MY OFFICE HOURS WILL BE CONSTANTLY UPDATED ON MY WEBSITE (HTTP://DOCENTI.UNISA.IT/003708/HOME). |
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