Unit ECONOMIC AND FINANCIAL POLICIES

Course
Accounting, finance and control
Study-unit Code
A001938
Location
PERUGIA
Curriculum
Accounting & finance
Teacher
Marcello Signorelli
Teachers
  • Marcello Signorelli
  • Sara Balestri (Codocenza)
Hours
  • 21 ore - Marcello Signorelli
  • 21 ore (Codocenza) - Sara Balestri
CFU
6
Course Regulation
Coorte 2024
Offered
2024/25
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
Inglese
Contents
The course aims to deepen the theories of economic and financial policies in the context of the financial crisis, the "Great Recession" and the crisis in the peripheral countries of the Eurozone in recent years, including an overall look at the global system and European economic relations with low-income countries.
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.
From this perspective and against the backdrop of global geo-economic tensions, a crisis of multilateralism and the climate emergency, the second part of the course will explore the interdependence of decision-making processes for economic policies, focusing on European trade policy and discussing pros and cons of unilateral, regional and multilateral approaches to economic integration. After exploring stylized facts on international trade, investments and value chains from a European perspective, special attention will be devoted to the interplay of trade policy and environmental outcomes, and protectionist policies of 'big' countries (e.g. agricultural policies, standard setting).
The course will examine the effectiveness, efficiency and equity of the various economic policy options, both theoretical and with reference to real-world situations.
Reference texts
Marelli E. and Signorelli M. (2017), "Europe and the Euro. Integration, Crisis and Policies", Palgrave Pivot, London and New York.
Krugman P. R., Obstfeld M. and Melitz M. (2018), “International Economics: Theory and Policy, 11th Global Edition”, Pearson, London.
A complete reading list (including scientific papers and economic policy reports) will be provided at the beginning of the course.
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)
Obiettivi Agenda 2030 per lo sviluppo sostenibile
SI
1
2
8
9
10
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