Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2020/2021
Belonging course: 
Course of Bachelor's Degree Programme on ECONOMIA E MANAGEMENT
Location: 
Nola
Disciplinary sector: 
ECONOMIC POLICY (SECS-P/02)
Language: 
Italian
Credits: 
6
Year of study: 
2
Teachers: 
Cycle: 
Second semester
Hours of front activity: 
48

Language

Italian

Course description

The course in Economic and Financial Policy gives students an understanding of the role of monetary variables in a modern market economy. In this context, it explores the value of money, the reasons for its demand, supply patterns and the monetary policy functions performed by central banks. The course also presents the broad context of financial analysis and the highly topical issues relating to the stability and efficiency of financial markets.
The role of the monetary authorities is examined in terms of the relationship between instruments and objectives and the way monetary policy operates. Finally, particular attention is devoted to the institutional reality of the European Economic and Monetary Union.

Prerequisites

Knowledge of Microeconomics and Economic Policy in basic content. Knowledge of elementary algebra, the ability to work with graphs, elementary notions of mathematical analysis (especially derivatives) facilitate the understanding of the topics.

Syllabus

PART I EXCHANGE RATES AND MACROECONOMICS IN THE OPEN ECONOMY

Chapter 2. National accounts and balance of payments

Chapter 3. Exchange rates and foreign exchange markets: a portfolio approach

Chapter 4. Money, interest rates and exchange rates

Chapter 5. Price levels and exchange rates in the long run

Chapter 6. Output and the exchange rate in the short run

Chapter 7. Fixed exchange rates and foreign exchange market intervention

PART II INTERNATIONAL MACROECONOMIC POLICIES

Chapter 9. Financial globalisation: opportunities and crises

Chapter 11. Developing countries: growth, crisis and reform

I (24 hours) EXCHANGE RATES AND MACROECONOMICS IN THE OPEN ECONOMY

National Accounts and Balance of Payments; Exchange Rates and Foreign Exchange Markets: a Portfolio Approach; Money, Interest Rates and Exchange Rates; Price Level and Exchange Rate in the Long Run; Output and Exchange Rate in the Short Run; Fixed Exchange Rates and Foreign Exchange Market Intervention

II (24 hrs) INTERNATIONAL MACROECONOMIC POLICIES

Financial globalisation: opportunities and crises;Developing countries: growth, crisis and reform.

Teaching Methods

The course consists of lectures, during which the topics of the programme will be discussed, and exercises, during which the notions learned will be applied to concrete cases.

Textbooks

Krugman P. Obstfeld M.-Melitz M.J., International Economics 2 - 11th ed, Pearson 2019

Learning assessment

The examination is based on a structured written test to assess the student's achievement of the learning objectives, with an oral examination at the discretion of the lecturer; inter-course tests are available for those attending.

More information

Prerequisites: Institutions of Economics