ECONOMIC AND FINANCIAL POLICY
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.
The course requires that students have learned the basic contents of Maths.
Introductory concepts: demand, supply and market. Microeconomic theory: decisions of individual economic agents (consumers, companies) and behaviour of individual markets.
The aim of the first part of the course (24 hours) is to provide the appropriate tools to understand the microeconomic mechanisms of supply and demand. This way, students will be able to understand macroeconomic variables and economic policies in the following module of the same course.
The course will be organized in lectures.
First part: Economics, Begg D., Fischer S., Vernasca G., Dornbusch R., McGraw-Hill Education, New York (2014). Chapters 1 to 7.