ECONOMIC POLICY

Scienze Politiche e delle Relazioni Internazionali ECONOMIC POLICY

1212100045
DEPARTMENT OF POLITICAL AND COMMUNICATION SCIENCES
EQF6
POLITICAL AND INTERNATIONAL RELATIONS SCIENCE
2020/2021



OBBLIGATORIO
YEAR OF COURSE 2
YEAR OF DIDACTIC SYSTEM 2019
PRIMO SEMESTRE
CFUHOURSACTIVITY
960LESSONS
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 KNOWLEDGE AND ABILITIES AS FOLLOWS:
-KNOWLEDGE OF THE COMPONENTS OF THE REAL AND FINANCIAL SECTORS OF ECONOMIC SYSTEMS;
- THE ABILITY TO UNDERSTAND HOW THEIR INTERACTION MAY INFLUENCE THE EFFECTIVENESS OF ECONOMIC POLICIES;
-THE ABILITY 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" (I.E. MICROECONOMICS)

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 (AGGREGATE DEMAND AND SUPPLY MODEL) IS PRESENTED AND THE EFFECTS OF MACROECONOMIC POLICIES ARE INVESTIGATED. THE DETERMINANTS OF LONG TERM UNEMPLOYMENT AND INFLATION ARE THEN ANALYZED. FINALLY, ECONOMIC GROWTH WILL BE OUTLINED (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 IN GROUPS.
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. THE WRITTEN EXAM LASTS FOR 2 HOURS AND CONSIST 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.
Texts
MACROECONOMICS: A EUROPEAN PERSPECTIVE,
BLANCHARD, AMIGHINI, GIAVAZZI, ED. IL MULINO.

THE CHOSEN EDITION HAS TO CONTAIN AD-AS MODEL.
More Information
PINAUT@UNISA.IT, TEL. 089962659.
OFFICE HOURS WILL BE CONSTANTLY UPDATED ON MY WEBSITE (HTTP://DOCENTI.UNISA.IT/003708/HOME).
  BETA VERSION Data source ESSE3 [Ultima Sincronizzazione: 2022-05-23]