Marco Maria SORGE | ECONOMIC AND FINANCIAL POLICY
Marco Maria SORGE ECONOMIC AND FINANCIAL POLICY
cod. 0212400039
ECONOMIC AND FINANCIAL POLICY
| 0212400039 | |
| DEPARTMENT OF ECONOMICS AND STATISTICS | |
| EQF6 | |
| ECONOMICS | |
| 2024/2025 |
| OBBLIGATORIO | |
| YEAR OF COURSE 3 | |
| YEAR OF DIDACTIC SYSTEM 2016 | |
| AUTUMN SEMESTER |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/02 | 10 | 60 | LESSONS |
| Exam | Date | Session | |
|---|---|---|---|
| SORGE | 17/12/2024 - 09:30 | SESSIONE ORDINARIA | |
| SORGE | 17/12/2024 - 09:30 | SESSIONE DI RECUPERO |
| Objectives | |
|---|---|
| KNOWLEDGE AND UNDERSTANDING THE MAIN AIM OF THE COURSE IS TO PROVIDE STUDENTS WITH THE CONCEPTUAL BASES, METHODOLOGICAL TOOLS AND SKILLS WHICH ARE REQUIRED FOR A PROPER UNDERSTANDING AND CRITICAL ASSESSMENT OF THE NATURE AND THE MANAGEMENT OF ECONOMIC POLICY. THIS WILL BE ACHIEVED THROUGH THE STUDY OF THE MANY ECONOMIC INTERVENTIONS PUT FORWARD BY THE PUBLIC ACTORS IN CHARGE OF MACROECONOMIC POLICIES (E.G. FISCAL AND MONETARY POLICIES), AS WELL AS OF SEVERAL RELATED ISSUES (E.G. GOVERNMENT DEBT SUSTANAIBILITY). PARTICULAR ATTENTION IS DEVOTED TO THE MODELING OF OBJECTIVES AND TOOLS OF ECONOMIC POLICY, ON THE ONE HAND, AND THE EMPIRICAL COUNTERPARTS AS OBSERVED IN THE REAL WORLD, ON THE OTHER. APPLYING KNOWLEDGE AND UNDERSTANDING UPON SUCCESSFUL COMPLETION OF THE COURSE, STUDENTS WILL BE ABLE TO ANALYZE, SUMMARIZE AND INTERPRET TYPES AND METHODS OF MODERN ECONOMIC POLICY. THEY WILL ALSO GET FAMILIAR WITH ANALYTICAL INSTRUMENTS AND A STRONG PROPENSITY TO FORMAL REASONING, ABLE TO ADDRESS MACROECONOMIC FACTS AND PHENOMENONS OF CRUCIAL RELEVANCE (E.G. INFLATION AND UNEMPLOYMENT DYNAMICS). MAKING JUDGEMENTS STUDENTS WILL BE ENCOURAGED TO CHOOSE THE BEST METHODS TO FACE THE PROBLEMS RELATIVE TO THE FUNCTIONING OF POLICY-MAKING INSTITUTIONS. COMMUNICATION SKILLS STUDENTS WILL BE ABLE TO APPLY BOTH IN WRITTEN AND IN ORAL FORM THE ANALYSES RELATIVE TO ROLE AND FUNCTIONS OF POLICY-MAKING INSTITUTIONS. LEARNING SKILLS STUDENTS WILL BE ABLE TO APPLY THE METHODOLOGY AND TOOLS ACQUIRED DURING THE COURSE TO ANALYSE AND SOLVE DECISION PROBLEMS INVOLVED IN THE DESIGN AND IMPLEMENTATION OF ECONOMIC POLICY. |
| Prerequisites | |
|---|---|
| USEFUL: KNOWLEDGE OF ELEMENTS OF MATHEMATICAL ANALYSIS (E.G. DIFFERENTIAL CALCULUS), MACROECONOMICS (E.G. INFLATION MODELS). HAVING PASSED SUCCESSFULLY THE MICROECONOMICS AND MACROECONOMICS EXAMS IS A NECESSARY PREREQUISITE. |
| Contents | |
|---|---|
| ECONOMIC POLICY AND ITS OBJECTIVES - 4H LECTURES + 2H TUTORIALS. MACROECONOMIC POLICIES IN A CLOSED ECONOMY - 6H LECTURES + 4H TUTORIALS. FISCAL POLICY - 10H LECTURES + 4H TUTORIALS. MONETARY POLICY - 10H LECTURES + 4H TUTORIALS. MACROECONOMIC POLICIES IN AN OPEN ECONOMY - 8H LECTURES + 4H TUTORIALS. REMARKS ON CENTRAL BANKING - 4H LECTURES. |
| Teaching Methods | |
|---|---|
| LECTURES, SEMINARS, EXERCISE SESSIONS INVOLVING SIMULATIONS OF THE MAIN MODELS UNDER SCRUTINY. OVERALL TEACHING TIME CONSISTS OF 60 HOURS (10 CFUS). IN PARTICULAR, 50 HOURS ARE DEVOTED TO CLASSROOM LECTURES ON ALL THE TOPICS DEALT WITH IN THE COURSE, WHILE 10 HOURS ARE DEVOTED TO SEMINARS AND IN-DEPTH TUTORIALS ON SPECIFIC TOPICS. |
| Verification of learning | |
|---|---|
| THE EXAMINATION INVOLVES A WRITTEN TEST, CONDITIONAL ON WHICH THE STUDENT MIGHT BE ALLOWED TO UNDERTAKE THE ORAL TEST. THE 60-MINUTE WRITTEN TEST CONSISTS OF THREE (3) EXERCISES ABOUT THE COURSE'S TOPICS. THE PURPOSE OF THE TEST IS TO VERIFY: THE ABILITY TO UNDERSTAND THE ISSUES EXPLORED IN THE COURSE, THE ABILITY TO PROPERLY APPLY THEORETICAL NOTIONS, THE ABILITY TO FORMULATE THE APPROPRIATE APPROACH TO PROBLEM SOLVING, THE ABILITY TO PROPERLY COMMUNICATE IN WRITING. DURING THE TEST, IT IS STRICTLY FORBIDDEN TO CONSULT TEXTS OR USE PC OR SMARTPHONES; THE USE OF A CALCULATOR IS ALLOWED. STUDENTS WHO GET A SCORE OF AT LEAST 18/30 ARE ADMITTED TO THE ORAL TEST. THE ORAL TEST IS AIMED AT VERIFYING THE LEVEL OF KNOWLEDGE OF THEORETICAL AND APPLIED CONTENT, AS WELL AS THE LEVEL OF COMPETENCE ACHIEVED IN THE EXPOSURE. THE FINAL VOTE IS THE ARITHMETIC MEAN OF THE TWO TESTS. THE MINIMUM VOTE FOR PASSING THE EXAM IS 18/30. |
| Texts | |
|---|---|
| ROBERTO CELLINI, POLITICA ECONOMICA. INTRODUZIONE AI MODELLI FORMALI (TERZA EDIZIONE). MCGRAW-HILL, 2019. PITTALUGA, G.B., ECONOMIA MONETARIA. MONETA - ISTITUZIONI - STABILITA' (QUARTA EDIZIONE). HOEPLI, 2012. |
| More Information | |
|---|---|
| UP-TO-DATE NEWS ABOUT THE COURSE IS POSTED ON THE INSTRUCTOR'S WEB-PAGE. |
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