Scienze Politiche e delle Relazioni Internazionali | ECONOMIC POLICY

cod. 1212100045

ECONOMIC POLICY

	1212100045
	DIPARTIMENTO DI SCIENZE POLITICHE E DELLA COMUNICAZIONE
	EQF6
	POLITICAL AND INTERNATIONAL RELATIONS SCIENCE
	2019/2020

CURRICULUM ECONOMIA E POLITICHE PER LO SVILUPPO Cohort 2018/2019

	OBBLIGATORIO
	YEAR OF COURSE 2
	YEAR OF DIDACTIC SYSTEM 2017
	PRIMO SEMESTRE

TEACHING UNITS

	SSD	CFU	HOURS	ACTIVITY	TYPE OF ACTIVITY
	SECS-P/02	9	60	LESSONS	COMPULSORY SUBJECTS, CHARACTERISTIC OF THE CLASS

	Objectives
	THE MAIN OBJECTIVES OF THE COURSE ARE TO INTRODUCE STUDENTS TO THE BASIC MACROECONOMIC MODELS AND TO ILLUSTRATE THEIR POLICY IMPLICATIONS IN CLOSED AND OPEN ECONOMIES. STUDENTS ARE EXPECTED TO DEVELOP THE FOLLOWING KNOWLEDGE AND ABILITIES: -KNOWLEDGE OF THE COMPONENTS OF THE REAL AND FINANCIAL SECTORS OF ECONOMIC SYSTEMS; - TO UNDERSTAND HOW THEIR INTERACTION MAY INFLUENCE THE EFFECTIVENESS OF ECONOMIC POLICIES; -TO EVALUATE THE EFFECTIVENESS OF ECONOMIC POLICIES THROUGH A COMPARATIVE ANALYSIS OF DIFFERENT ECONOMIES WITHIN THE CONTEXT OF GLOBALIZATION.

THE MAIN OBJECTIVES OF THE COURSE ARE TO INTRODUCE STUDENTS TO THE BASIC MACROECONOMIC MODELS AND TO ILLUSTRATE THEIR POLICY IMPLICATIONS IN CLOSED AND OPEN ECONOMIES. STUDENTS ARE EXPECTED TO DEVELOP THE FOLLOWING KNOWLEDGE AND ABILITIES:
-KNOWLEDGE OF THE COMPONENTS OF THE REAL AND FINANCIAL SECTORS OF ECONOMIC SYSTEMS;
- TO UNDERSTAND HOW THEIR INTERACTION MAY INFLUENCE THE EFFECTIVENESS OF ECONOMIC POLICIES;
-TO EVALUATE THE EFFECTIVENESS OF ECONOMIC POLICIES THROUGH A COMPARATIVE ANALYSIS OF DIFFERENT ECONOMIES WITHIN THE CONTEXT OF GLOBALIZATION.

	Prerequisites
	PREREQUISITES TO BE ADMITTED TO THE COURSE, STUDENTS MUST HAVE PASSED THE EXAM "ISTITUZIONI DI ECONOMIA"

	Contents
	-THE IS-LM MODEL IS PRESENTED TO STUDY THE IMPACT OF MONETARY AND FISCAL POLICY IN A CLOSED ECONOMY (20 HOURS OF LECTURES AND 8 HOURS OF EXERCISE). -THE ANALYSIS IS SUBSEQUENTLY EXTENDED TO OPEN ECONOMIES BY COVERING THE FOLLOWING TOPICS (12 HOURS OF LECTURES AND 2 HOURS OF EXERCISE): 1.THE BALANCE OF PAYMENTS; 2. THE GOODS MARKET; INTEREST RATE AND EXCHANGE RATE; 3. THE IS-LM MODEL IN AN OPEN ECONOMY; 4. ECONOMIC POLICY IN AN OPEN ECONOMY. -THE AS-AD MODEL IS PRESENTED AND THE MEDIUM EFFECTS OF MACROECONOMIC POLICIES ARE INVESTIGATED. THE DETERMINANTS OF LONG TERM UNEMPLOYMENT AND INFLATION ARE THEN ANALYZED (14 HOURS OF LECTURES AND 4 HOURS OF EXERCISE).

Contents

-THE IS-LM MODEL IS PRESENTED TO STUDY THE IMPACT OF MONETARY AND FISCAL POLICY IN A CLOSED ECONOMY (20 HOURS OF LECTURES AND 8 HOURS OF EXERCISE).

-THE ANALYSIS IS SUBSEQUENTLY EXTENDED TO OPEN ECONOMIES BY COVERING THE FOLLOWING TOPICS (12 HOURS OF LECTURES AND 2 HOURS OF EXERCISE):
1.THE BALANCE OF PAYMENTS;
2. THE GOODS MARKET; INTEREST RATE AND EXCHANGE RATE; 3. THE IS-LM MODEL IN AN OPEN ECONOMY;
4. ECONOMIC POLICY IN AN OPEN ECONOMY.

-THE AS-AD MODEL IS PRESENTED AND THE MEDIUM EFFECTS OF MACROECONOMIC POLICIES ARE INVESTIGATED. THE DETERMINANTS OF LONG TERM UNEMPLOYMENT AND INFLATION ARE THEN ANALYZED (14 HOURS OF LECTURES AND 4 HOURS OF EXERCISE).

	Teaching Methods
	THERE WILL BE 46 HOURS OF LECTURES. IN THE REMAINING PART-14 HOURS-STUDENTS WILL ENGAGE IN DOING EXERCISES THROUGH GROUP WORK.

	Verification of learning
	FINAL EXAMINATION: WRITTEN AND ORAL EXAM IN ORDER TO ASSESS WHETHER STUDENTS ARE ABLE TO IDENTIFY THE INTERCONNECTIONS AMONG THE PARTS OF AN ECONOMIC SYSTEM AND TO APPLY THEIR KNOWLEDGE TO SPECIFIC ECONOMIC CONTEXTS. WRITTEN EXAM LASTS FOR 2 HOURS AND CONSISTS OF EXERCISES AND OPEN-ENDED QUESTIONS. THE QUESTIONS OF THE WRITTEN EXAM ARE SIMILAR TO THOSE DEALT WITH DURING THE COURSE. GRADES ARE ON A SCALE OF 30 AND ARE BASED ON WRITTEN AND ORAL PERFORMANCE. AT THE END OF THE COURSE, STUDENTS MAY CHOOSE TO PERFORM A WRITTEN EXAMINATION. STUDENT WHO PASS THE WRITTEN EXAM, CAN COMPLETE THE ORAL DURING NEXT SESSIONS.

Verification of learning

FINAL EXAMINATION:
WRITTEN AND ORAL EXAM IN ORDER TO ASSESS WHETHER STUDENTS ARE ABLE TO IDENTIFY THE INTERCONNECTIONS AMONG THE PARTS OF AN ECONOMIC SYSTEM AND TO APPLY THEIR KNOWLEDGE TO SPECIFIC ECONOMIC CONTEXTS. WRITTEN EXAM LASTS FOR 2 HOURS AND CONSISTS OF EXERCISES AND OPEN-ENDED QUESTIONS.

THE QUESTIONS OF THE WRITTEN EXAM ARE SIMILAR TO THOSE DEALT WITH DURING THE COURSE.

GRADES ARE ON A SCALE OF 30 AND ARE BASED ON WRITTEN AND ORAL PERFORMANCE.

AT THE END OF THE COURSE, STUDENTS MAY CHOOSE TO PERFORM A WRITTEN EXAMINATION. STUDENT WHO PASS THE WRITTEN EXAM, CAN COMPLETE THE ORAL DURING NEXT SESSIONS.