Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2017/2018
Belonging course: 
Course of Master's Degree Programme on MARKETING AND INTERNATIONAL MANAGEMENT
Location: 
Napoli
Disciplinary sector: 
ECONOMIC POLICY (SECS-P/02)
Credits: 
6
Year of study: 
1
Teachers: 
Cycle: 
Second semester
Hours of front activity: 
48

Language

ITALIAN

Course description

The course aims at providing general and issue-specific knowledge of the institutional and theoretical motivations of public action in the economic system. The emphasis is on the microeconomic dimension of public policies. Learning objectives are directed towards three main areas: policies aimed at shaping and regulating the functioning of the market system; evaluation of policy programs through cost-benefit analysis.

Expected learning outcomes
Knowledge and understanding: the student should be able to understand the themes and problems related to the public intervention in the economic system and to the market regulation; should also know the main instruments used to asses and analyze the rational behind the main program of intervention affecting the markets functioning.
Applying knowledge and understanding: the student should be able to apply the acquired knowledge to the main intervention schemes and to the principal microeconomic policies. To this end the teacher will discuss and illustrate some different examples and specific cases of microeconomic and regulation policies during the lessons; for non-attending students, assistance time will be provided.
Making judgements: the student should be able to use the acquired knowledge also in an autonomous way, by also applying them to specific issues and problems, such as specific regulation schemes for markets affected by specific forms on competition (or lacking thereof), or to different ways of internalizing externalities of kwon relevance.
Communication: the student should be able to answer in a clear and thorough way to the questions of the written examination and to those of the possible oral examination.
Lifelong learning skills: the student should be able to show a good learning ability, by widening, for example, his/her knowledge with use of relevant bibliographic references. The student should also be able to analyze and evaluate the impact and the constraints related to the policy schemes in relevant economic sectors.

Prerequisites

General knowledge and reasoning ability. Some basic knowledge of microeconomics, if previously acquired by the student, can facilitate the learning process; this is basically covered by the first-level courses offered by the university Parthenope in the economic area. For students coming from different first-level degree programs, an integration including a relevant bibliographic references will be provided.

Syllabus

1 st lectures block (24 hours):
General features of microeconomic policies: objectives, instruments and models.
The support and the regulation of institutional systems of property rights: comparisons of different property structures, incentives and protection of private property rights.
Public and state-owned enterprises: the recent debate on privatization.

2 nd lectures block (24 hours):
Market regulation and allocative efficiency (I): price regulation, information asymmetries, competition, natural monopoly.
Market regulation and allocative efficiency (II): externalities and public goods, taxation and creation of property rights

1 st lectures block (24 hours):
General features of microeconomic policies: objectives, instruments and models.
The support and the regulation of institutional systems of property rights: comparisons of different property structures, incentives and protection of private property rights.
Public and state-owned enterprises: the recent debate on privatization.

2 nd lectures block (24 hours):
Market regulation and allocative efficiency (I): price regulation, information asymmetries, competition, natural monopoly.
Market regulation and allocative efficiency (II): externalities and public goods, taxation and creation of property rights

Teaching Methods

Lectures and weekly TA classes.

Textbooks

Acocella N. (2003) Le politiche microeconomiche, Carocci, Roma (selezione di capitoli).
Marzi, Prosperetti, Putzu (2001) La regolazione dei servizi infrastrutturali, il Mulino, Bologna (selezione di capitoli).
Dispense a cura del docente.

Learning assessment

Grading is based on a written test, composed in part by open question on the topics of the course and in part by numerical and operational exercises, covering the themes tackled in the lectures and in the TA classes. When answering the theoretical questions and the numerical exercises, students will have to prove their ability to outline both the fundamental concepts acquired during the course and the formalised models dealt with in the lectures, in the TA sessions and in the suggested texts. If the teacher deems it necessary, an oral test may take place, in order to assess more thoroughly the attainment of the educational goals.

More information