Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2018/2019
Belonging course: 
Disciplinary sector: 
ECONOMIC POLICY (SECS-P/02)
Credits: 
6
Year of study: 
2
Teachers: 
Cycle: 
First Semester
Hours of front activity: 
48

Language

Italian

Course description

KNOWLEDGE AND UNDERSTANDING: After acquiring the basic concepts related to the behaviour of individual economic operators (consumers and businesses), the student studies the main macroeconomic variables in order to understand their linkages in the various markets, that is in that of factors, goods and services, money and capital. The aim is to understand the mechanisms and objectives driving the public intervention in the economy, with particular attention to monetary and financial contexts.

APPLYING KNOWLEDGE AND UNDERSTANDING: the student must demonstrate that he/she is able to apply the theoretical knowledge acquired to real contexts, in particular to the Italian and the European ones. The main aim of the course is the acquisition of knowledge that allows students to understand the changes in the macroeconomic scenarios in order to identify the strategies to operate in the monetary and financial markets.

MAKING JUDGEMENTS: the student must have developed a critical approach to the subject that allows him/her to deepen even autonomously his own knowledge. To this end, activities such as collection and reading of economic-financial data are provided to enhance the interpretive skills.

COMMUNICATION: The student is required to acquire a technical vocabulary related to the economic-financial issues and the ability to summarize in writing the main concepts of the subject. Language and synthesis skills are therefore required in order to improve their ability to present in public their own analyses and results achieved in the collection and processing of economic and financial data. Demonstration of communication skills, in terms of clarity and exhaustiveness in responses and the appropriate use of analytical tools are also required during the assessment of learning.

LIFELONG LEARNING SKILLS: the student must acquire the basic tools of macroeconomics and economic policy and demonstrate that he has achieved a good level of learning that allows him to apply the acquired knowledge to the analysis of concrete cases, to take exams after the course of study and to undertake profitably successive studies.

Prerequisites

The course requires that students have learned the basic contents of Maths.

Syllabus

I MODULE - I part (10 hours)
Introductory concepts: demand, supply and market. Microeconomic theory: decisions of individual economic agents (consumers, companies) and behaviour of individual markets.

I MODULE - II part (38 hours)
Introduction to Macroeconomics and national accounts. The formation of national income. Aggregate spending, fiscal policy and foreign trade. The money: supply, demand and the role of the central bank. Monetary policy and fiscal policy in a closed economy. The aggregate demand-supply model.

The aim of the course is to provide the appropriate tools to understand the role and methods of public intervention in the economy. In particular, the study will refer to objectives, models and tools of public intervention in the national (closed economy) and international (open economy) contexts.

Teaching Methods

The course will be organized in lectures and tutorials.

Textbooks

Economics, Begg D., Fischer S., Vernasca G., Dornbusch R., McGraw-Hill Education, New York (2014).

Macroeconomics, N.G. Mankiw, M. P. Taylor, (Ed) Worth Publishers, New York (2014).

Learning assessment

The learning out through a written test and an oral interview on the topics of the program.

The written test, which can cover all the topics of the course, is divided into open questions and exercises that can also require a punctual graphic analysis. The purpose of this test is to evaluate the study of the subject and the understanding of the basic issues. It has the character of selection (the student who does not show sufficient knowledge of the topics is not admitted to the subsequent test) and to pass the test it is necessary to acquire at least 18 points out of 30. The students have 60' time and are allowed to use a calculator while consulting texts or using PCs and smartphones is not allowed.

The oral exam is aimed at assessing the students’ ability to link and compare different issues treated during the course; to pass the test it is necessary to acquire at least 18 points out of 30.
The final mark is given by the average of the two scores. If one of the two the tests is insufficient or if the total score is less than 18 the student must necessarily repeat both the tests.

More information