Unit ECONOMIC AND FINANCIAL POLICIES

Course
Finance and quantitative methods for economics
Study-unit Code
A001938
Location
PERUGIA
Curriculum
Data science for finance and insurance
Teacher
Marcello Signorelli
Teachers
  • Marcello Signorelli
Hours
  • 42 ore - Marcello Signorelli
CFU
6
Course Regulation
Coorte 2022
Offered
2022/23
Learning activities
Caratterizzante
Area
Economico
Academic discipline
SECS-P/02
Type of study-unit
Obbligatorio (Required)
Type of learning activities
Attività formativa monodisciplinare
Language of instruction
English
Contents
The course aims to deepen the theories of economic and financial policies in the context of the financial crisis, "Great Recession" and the crisis in the peripheral countries of the Eurozone in recent years. The topics of current global, European and Italian dynamics will receive special attention, especially from the point of view of descriptive statistics and econometric empirical evidence also adopting a comparative approach.
A special attention will be devoted to the economic impact of pandemic and the war in Ukraine and the policy responses.

Europe and the Euro
Integration, crisis, and policies

Introduction

1. A progressively integrated European Community within the global economy

2. The European Monetary Union and OCA theories: a common currency awaiting a real economic union

3. Monetary policy and the European Central Bank: a progressive divorce from the Bundesbank legacy?

4. Fiscal policies and the EU governance: just rules and lack of stabilisation purposes

5. The double crisis in the Eurozone: recession, stagnation and high unemployment

6. The EU’s policy response: too little too late

7. The need for innovative policies and further integration: a real “economic and monetary” union leading to a future political union?

8. Advantages, costs and risks of a return to a national currency (Italian lira)
Reference texts
Main book:
Marelli E. and Signorelli M. (2017), "Europe and the Euro. Integration, Crisis and Policies", Palgrave Pivot, London and New York.
Other teaching materials will be distributed at the beginning of the course.

The Professor will list in Unistudium several papers in order to select one and discuss it in class or to deliver as short thesis (more details on Unistudium)
Educational objectives
The course of economic and financial policy provides the key analytical tools of the theory of economic and financial policy, together with applications related to the European Union, European Monetary Union and Italy. An important outcome of learning is related to the ability of critical discussion and analysis of statistical and econometric evidences on several current issues of economic and financial policy in Europe and Italy.
Prerequisites
A good knowledge of Macroeconomics and Economic Policy is necessary.
Teaching methods
face-to-face
Other information
As for additional information please visit the Unistudium web platform dedicated to this specific course.

The course provides the contents required for the discipline by Ministerial Decree 616/2017 for the purpose of obtaining the 24 ECTS required for teaching
Learning verification modality
Oral exam in English.

More details are included in the Unistudium platform, in a section dedicated to this specific teaching.
Extended program
The course aims to deepen the theories of economic and financial policies in the context of the financial crisis, "Great Recession" and the crisis in the peripheral countries of the Eurozone in recent years. The topics of current global, European and Italian dynamics will receive special attention, especially from the point of view of descriptive statistics and econometric empirical evidence also adopting a comparative approach.
A particular attention will be devoted to the economic impact of pandemic, the war in Ukraine and to the economic and financial policy responses.

Europe and the Euro
Integration, crisis, and policies

Introduction

1. A progressively integrated European Community within the global economy

2. The European Monetary Union and OCA theories: a common currency awaiting a real economic union

3. Monetary policy and the European Central Bank: a progressive divorce from the Bundesbank legacy?

4. Fiscal policies and the EU governance: just rules and lack of stabilisation purposes

5. The double crisis in the Eurozone: recession, stagnation and high unemployment

6. The EU’s policy response: too little too late

7. The need for innovative policies and further integration: a real “economic and monetary” union leading to a future political union?

8. Advantages, costs and risks of a return to a national currency (Italian lira)
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