Insegnamento ECONOMIC AND FINANCIAL POLICIES
- Corso
- Finanza e metodi quantitativi per l'economia
- Codice insegnamento
- A001938
- Curriculum
- Data science for finance and insurance
- Docente
- Marcello Signorelli
- Docenti
-
- Marcello Signorelli
- Sara Balestri (Codocenza)
- Ore
- 21 ore - Marcello Signorelli
- 21 ore (Codocenza) - Sara Balestri
- CFU
- 6
- Regolamento
- Coorte 2024
- Erogato
- 2024/25
- Attività
- Caratterizzante
- Ambito
- Economico
- Settore
- SECS-P/02
- Tipo insegnamento
- Obbligatorio (Required)
- Tipo attività
- Attività formativa monodisciplinare
- Lingua insegnamento
- Inglese
- Contenuti
- 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. - Testi di riferimento
- 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. - Obiettivi formativi
- The course of Economic and Financial Policies offers students a thorough knowledge of stylized facts identifying options of economic and financial policies, and it provides key analytical tools to critically examinate them, along with applications related to several developing countries, the European Union, the European Monetary Union and Italy. An important outcome of learning is related to the ability of critical discussion and analysis of statistical and econometric evidence on several current issues of economic and financial policy in the global context, including Europe and Italy.
- Prerequisiti
- A good knowledge of Macroeconomics and Economic Policy is necessary.
- Metodi didattici
- Face-to-face
- Altre informazioni
- 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. - Modalità di verifica dell'apprendimento
- Esame orale in Inglese.
Per informazioni sui servizi di supporto agli studenti con disabilità e/o DSA visita la pagina http://www.unipg.it/disabilita-e-dsa - Programma esteso
- Il corso è finalizzato ad approfondire le teorie della politica economica e finanziaria che aiutano a comprende il contesto di crisi finanziaria, “Great Recession” e crisi nei paesi periferici dell’Eurozona degli ultimi anni. Le tematiche di attualità globale, europea ed italiana riceveranno una attenzione particolare, soprattutto dal punto di vista dell’analisi statistico-descrittiva ed econometrica dell’evidenza empirica anche adottando un approccio comparato.
Uno specifico approfondimento sarà dedicato all'impatto economico della pandemia, della guerra in Ucraina e alle risposte di politica economica e finanziaria.
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
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