Knowledge and understanding
The course aims to provide the basic analytical tools, necessary for the understanding of public authorities' actions in key markets in contemporary economic systems, in the context of an open economy and with specific reference to the case of the European Union. To do this, after an examination of the formation of equilibrium in markets for goods, money and financial assets, and in the labour market, in a frame of fixed exchange rates and flexible exchange rates, we will discuss the monetary and fiscal policies implemented by authorities within the macroeconomic equilibrium between aggregate demand and supply. Later on, these general concepts will be used to describe the evolution of economic policies in Europe in view of achieving economic and monetary union, with both the actions of monetary and fiscal policy that refer to the management of the euro zone. At the end of the course the student will be able to read, understand and interpret scientific articles and texts that relate to the actions of public authorities at various levels within the economic system of reference.
Applying knowledge and understanding
At the end of the course the student will be able to argue possible proposals for public policies, with particular reference to the constraints and degrees of autonomy enjoyed by the authorities of different levels of government within the framework of the EU and specifically taking into account the system of rules that underlie the functioning of the eurozone.
At the end of the course the student will be able to make judgments and a personal criticism on the policies of different levels of government on the basis of adequate support of informative and analytical tools.
At the end of the course the student will be able to communicate to possible interlocutors his-her assessments on topics of economic policy, using a clear and precise language with the help of up to date communication techniques.
Once acquired the main tools of analysis and evaluation of the policy at the various levels of government, the student must be able to make use of analytical tools to explore in depth the subjects of study of economic policy. To this end, updated reference lists will be also provided on the various topics discussed during the lectures of the course.