Optional group:
One course to be chosen among: (Un insegnamento a scelta tra:) - (show)
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9
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21201724 -
BANK MANAGEMENT
(objectives)
Course Aims • to introduce basic concepts that relate to the traditional business of banking • to examine the recent trends and developments in domestic and international banking • to provide students with an understanding of banks’ accounts and financial ratios analysis • to examine the most important banking risks and their management • to construct coherent arguments concerning the need for financial regulation • to provide students with an understanding of the importance and role of technology and financial innovation for modern banks
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9
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SECS-P/11
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60
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-
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Core compulsory activities
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ENG |
21201542 -
CORPORATE AND INVESTMENT BANKING
(objectives)
The Course is focused on the investment banking business as a group of services offered to corporate and institutional clients. The Course objective is the analysis of the main business areas under different points of view: deal structuring, processes followed during the transactions and roles played by the intermediary, the impact on the performance of the bank.
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Derived from
21201542 CORPORATE & INVESTMENT BANKING in Finanza e impresa LM-16 N0 CARATELLI MASSIMO
( syllabus)
This course aims, first of all, to provide an overview of the role and the main activities carried out by the banks in the investment banking business. The central part of the course is dedicated to an analysis of the technical characteristics and of the economic and management profiles of the corporate finance transactions. Finally, the course presents the objectives as well as the organization and the behavioral models of bank intermediaries active in the market, also considering the role of regulation and supervision. 1. The segmentation of the banking market 2. The business of corporate & investment banking 3. The structured finance operations: the project finance 4. The leveraged buy-out 5. The securitization 6. The equity capital market services 7. The venture capital activity 8. The listing of companies and the role of financial intermediaries 9. The credit operations: from traditional formulas to complex structures 10. The bank-firm relationship
( reference books)
Fleuriet M. (2018), Investment banking explained: An insider's guide to the industry, second edition, McGraw-Hill Education.
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9
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SECS-P/11
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60
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Core compulsory activities
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ITA |
21210169 -
INTERNATIONAL BUSINESS MANAGEMENT
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Derived from
21210169 MANAGEMENT DELLE IMPRESE INTERNAZIONALI in Economia e Management LM-77 FAGGIONI FRANCESCA, ROSSI MARCO VALERIO
( syllabus)
1. Globalization of the markets and Global value Chains 2. The internationalization of companies: theories 3. Internationalization strategies 4. Start up and development of the internationalization process 5. Analysis of the attractiveness of international markets 6. Internationalization procedure 7. Elements of penetration of international markets through the levers of the Marketing Mix 8. The internationalization of the value chain activities (production, research and development, sales, distribution) 9. The social responsibility of international companies
( reference books)
UNCTAD – World Investment Report 2021 (overview)( Limitatamente ai flussi FDI e alla resilienza delle MNE) UNCTAD – World Investment Report 2019 (Overview) (UNCTAD/WIR/2019 (Overview))(limitatamente alle SEZ) UNCTAD - World Investment Report 2020 (Overview) (UNCTAD/WIR/2020 (Overview)) (Effetto della pandemia) UNCTAD – World Investment Report 2013 (pag. 122-174) UNCTAD - World Investment Report 2022 (overview) Mihir A. Desai, The Decentering of the Global Firm, World Economy, 32, 2009, pp. 1271-1290 MARAFIOTI E., PERRETTI F. (a cura di), Strategie di Internazionalizzazione, Milano, EGEA, 2020 (chapters n.5 and n.8 excluded). F. Faggioni(2019) Offshoring vs reshoring. Dalla strategia di internazionalizzazione al design dei network manifatturieri, F.Angeli, Milano. The slides on the website of the course represents an integral part of the program
For non-attending students and for those who do not develop the PW, in addition to the reference texts, the following documents and articles are required:
1. Center For Creative Leadership, (2014), Leader effectiveness and Culture: The Globe Study. https://gdl29.files.wordpress.com/2014/03/globestudy.pdf 2. OECD. (2015). Principles of Corporate Governance https://www.oecd.org/daf/ca/Corporate-Governance-Principles-ENG.pdf
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9
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SECS-P/08
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60
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Core compulsory activities
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ITA |
21201722 -
RISK MANAGEMENT IN BANKING
(objectives)
The course aims at analysing the problems connected with both the financial and the non-financial management of banks. Namely, this analysis is carried out along the following streams: The role and peculiarities of risk management in financial institutions. The objectives, applications and technical features of risk measurement and management models: interest rate risk, market risk, liquidity risk, credit risk and operational risk. Capital regulation: recent evolution and problems posed by the recent financial crisis. Capital management and the process of value creation in financial institutions. Supervisory policies on financial and insurance institutions, with a focus on internal controls and organizational and capital adequacy. By the end of this course you should be able to: Evaluate the impact of the main strategies on the shareholder value creation of modern global banks Be aware of the main banking risk measurement techniques Critically evaluate the application of the main risk management techniques in banking Understand the main capital allocation methods within modern banks Comprehend why banks need regulation and distinguish between the different types of regulation.
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Derived from
21201722 RISK MANAGEMENT IN BANKING in Finanza e impresa LM-16 FIORDELISI FRANCO
( syllabus)
1: Introduction. The role and peculiarities of risk management in financial institutions. Risk management failure during the financial crisis.
2: Interest rate risk: the repricing gap model
3: Interest rate risk: the duration gap model and clumping
4: Interest rate risk: internal transfer rates (ITR)
5: Liquidity risk: funding and market risks, short and medium term control models, new liquidity requirements
6: Market risk: Value at Risk models: parametric approach. Estimating volatilities and correlations.
7: Market risk: mapping risk positions in the parametric approaches
8: Market risk: simulation approaches
9: Market risk: backtesting VaR models, VAR Limits and Expected Shortfall
10: Credit risk management. Scoring models for estimating the probability of default
11: Credit risk management. Market-based models for estimating the probability of default
12: Credit risk management. The recovery risk
13. Credit risk management: Portfolio models
14. Credit risk management: Internal rating system management and application (pricing and risk-adjusted performance measures)
15. Operational risk
16. Banking regulation: from Basel I to Basel III 17. Rethinking banking regulation: Basel 4?
( reference books)
1. Main text book • Joel Bessis, Risk Management in Banking, 4th Edition, John Wiley, 2015 (B)
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9
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SECS-P/11
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60
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-
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Core compulsory activities
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ENG |
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Optional group:
Two courses to be chosen among: (Due insegnamenti a scelta tra:) - (show)
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18
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21210236 -
Game Theory
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TIRELLI MARIO
( syllabus)
Part I – Games of complete information. 1. Static games: Normal form games. Solution concepts. Nash equilibrium in pure and mixed strategies. Dominance solvable games. Applications. 2. Dynamic games: Games in extensive form. Nash equilibria. Backward induction and Subgame Perfect Nash Equilibria. Applications. Repeated games. Applications. Part II – Games of incomplete information. 3. Static games. Normal form representation. Bayesian-Nash equilibrium. Applications.
( reference books)
Martin J. Osborne, An Introduction to Game Theory, Oxford University Press. 2003 or later editions.
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9
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SECS-P/01
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60
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Core compulsory activities
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ENG |
21210247 -
COMPARING FINANCIAL SYSTEMS
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Derived from
21210247 COMPARING FINANCIAL SYSTEMS in Finanza e impresa LM-16 SCARANO GIOVANNI
( syllabus)
1. Introduction (2 hours) 1.1 Premises for a comparative study 1.2 Forms of fund channelling 1.3 Classification of financial systems 1.4 Changes in today’s financial systems
2. The Historical Development of Financial Systems (2 hours) 2.1 The first stages of financial systems 2.2 Credit vs mutual aid 2.3 Early Financial Systems 2.5 The birth of modern financial systems
3 Market-oriented Systems (8 hours) 3.1 The UK financial system 3.1.1 Banks in the UK 3.1.2 Building societies 3.1.3 Insurance companies 3.1.4 Pension funds 3.1.5 Unit trusts 3.1.6 Investment trusts
3.2 The US financial system 3.2.1 Deposit-taking institutions 3.2.2 The Federal Reserve System 3.2.3 Non-depository institutions
4. Bank-oriented Systems (14 hours) 4.1 The German financial system 4.1.1 Banks and other deposit-taking institutions 4.1.2 Non-deposit institutions 4.1.3 The use of bond and equity markets in Germany
4.2 The French financial system 4.2.1 The French banking system 4.2.2 Specialist and non-deposit institutions 4.2.3 Financial markets in France
4.3. The Italian financial system 4.3.1 The development of the Italian financial system 4.3.2 The current position of the Italian financial system 141
4.4. Financial systems in Northern Europe 4.4.1 Banking systems in the Nordic countries 4.4.2 Other financial intermediaries in the Nordic countries 4.4.3 The evolution and integration of financial systems in Scandinavia 4.4.4 Monetary policy strategies in the Nordic countries
4.5. The Eurozone and the Banking Union 4.5. The Japanese financial system
5. Other kinds of financial systems (8 hours) 5.1 China’s banking and financial markets 5.2 The Russian banking and financial system 5.3 Islamic finance 5.4 African financial system: an overview
6. Follow-up issues (26 hours) 6.1. Intertemporal smoothing 6.2. Information and resource allocation 6.3. The Limitations of Markets: The Classical View 6.4. Corporate Governance 6.5. Competition in banking 6.6. Self-financing firms 6.7. Corporate savings 6.8. Bubbles and financial crises 6.9. Liquidity in asset markets and market crashes
( reference books)
Bain K., Howells P., The Economics of Money, Banking and Finance. A European Text, Pearson Education, 2008
Allen F., Gale D, Comparing Financial Systems, MIT Press, 2000.
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9
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SECS-P/01
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60
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Core compulsory activities
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ENG |
21201465 -
APPLIED ECONOMICS LABORATORY
(objectives)
Acquisition of methodological and technical knowledge and development of professional skills in applied economics, through an educational program that alternates lectures, practical classes and thematic seminars with external experts; practical classes introduce to the statistical and information sources for applied economic analysis and train for data elaborations and reporting activities; seminars are addressed, year by year, to relevant topics for the Italian economy and allow to get in touch with applied professional economists working in the private sector and in public institutions; at the end of the training process students are required to draft a research report and to discuss it during the final examination.
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21201465-2 -
LABORATORIO DI ECONOMIA APPLICATA
(objectives)
Acquisition of methodological and technical knowledge and development of professional skills in applied economics, through an educational program that alternates lectures, practical classes and thematic seminars with external experts; practical classes introduce to the statistical and information sources for applied economic analysis and train for data elaborations and reporting activities; seminars are addressed, year by year, to relevant topics for the Italian economy and allow to get in touch with applied professional economists working in the private sector and in public institutions; at the end of the training process students are required to draft a research report and to discuss it during the final examination.
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Derived from
21201465-2 LABORATORIO DI ECONOMIA APPLICATA in Scienze Economiche LM-56 N0 PALUMBO ANTONELLA
( syllabus)
The approach of the Laboratory is applied and inter-disciplinary. The learning objectives are focused on the development of professional capacities in applied economics, with a planning that alternates lectures, practical classes and seminars with external experts. Students will acquire skills in the subsequent fields of applied economics: a) definition and interpretation of the main macroeconomic indicators; analysis of statistical sources and institutional reporting about the Italian and European Union economies; b) territorial and sectoral analysis; c) tools and methods for economic policies and planning, and application to public choices. In the current edition the seminars devoted to monographic in-depth analysis will concern these topics: the productive structure of the Italian economy and different interpretations of it's points of strength and of weakness; European economic governance and national cycle of budget decision; territorial analysis of the Italian economy; services of general economic interest and public utilities: markets and regulation, with specific analysis for public transport, energy production, production and distribution of electric and gas power, water and waste disposal services; tourism and cultural tourism. An integrant part of the course, that constitutes element for final evaluation, is the drafting, by each student, of a research report (a written report or an exercise in applied economics or other types of monograph study chosen with the agreement of professors). The particular structure of the Laboratory requires the compulsory attendance to lectures and seminars.
( reference books)
The reference material is constituted mainly by reports and data bases of national and international public and research institutions (Istat, Bank of Italy, European Commission, Eurostat, OECD, IMF, etc.) and by reading lists for the thematic seminars. It will be indicated during the classes and made disposable for students through the website of the course.
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5
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SECS-P/02
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30
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-
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-
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-
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Core compulsory activities
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ITA |
21201465-1 -
LABORATORIO DI ECONOMIA APPLICATA
(objectives)
Acquisition of methodological and technical knowledge and development of professional skills in applied economics, through an educational program that alternates lectures, practical classes and thematic seminars with external experts; practical classes introduce to the statistical and information sources for applied economic analysis and train for data elaborations and reporting activities; seminars are addressed, year by year, to relevant topics for the Italian economy and allow to get in touch with applied professional economists working in the private sector and in public institutions; at the end of the training process students are required to draft a research report and to discuss it during the final examination.
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Derived from
21201465-1 LABORATORIO DI ECONOMIA APPLICATA in Scienze Economiche LM-56 N0 CAUSI MARCO
( syllabus)
The approach of the Laboratory is applied and inter-disciplinary. The learning objectives are focused on the development of professional capacities in applied economics, with a planning that alternates lectures, practical classes and seminars with external experts. Students will acquire skills in the subsequent fields of applied economics: a) definition and interpretation of the main macroeconomic indicators; analysis of statistical sources and institutional reporting about the Italian and European Union economies; b) territorial and sectoral analysis; c) tools and methods for economic policies and planning, and application to public choices. In the current edition the seminars devoted to monographic in-depth analysis will concern these topics: the productive structure of the Italian economy and different interpretations of it's points of strength and of weakness; European economic governance and national cycle of budget decision; territorial analysis of the Italian economy; services of general economic interest and public utilities: markets and regulation, with specific analysis for public transport, energy production, production and distribution of electric and gas power, water and waste disposal services; tourism and cultural tourism. An integrant part of the course, that constitutes element for final evaluation, is the drafting, by each student, of a research report (a written report or an exercise in applied economics or other types of monograph study chosen with the agreement of professors). The particular structure of the Laboratory requires the compulsory attendance to lectures and seminars.
( reference books)
The reference material is constituted mainly by reports and data bases of national and international public and research institutions (Istat, Bank of Italy, European Commission, Eurostat, OECD, IMF, etc.) and by reading lists for the thematic seminars. It will be indicated during the classes and made disposable for students through the website of the course.
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4
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SECS-P/01
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30
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-
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Core compulsory activities
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ITA |
21210130 -
Monetary theory, institutions and policy
(objectives)
The first module (30 hours) of the course aims to provide students with the tools needed to understand the functioning of monetary economy and the operative aspects of Central Bank monetary policies. It explains what money is, the debate on its origins, the different approaches to the determinants of the demand for money and its supply, monetary policy instruments and equilibrium in the assets markets. The lectures of this first module will be held in Italian. The second module (30 hours) concentrates on the relations between money, prices and outputs in the long and short run. It also analyses the debate on rules and discretion in monetary policies, the Taylor rule and the sustainability of public debt. These themes are developed according to both a traditional and heterodox approach. A knowledge of basic microeconomic and macroeconomic notions is a prerequisite for this second module.
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LEVRERO ENRICO SERGIO
( syllabus)
First Module (30 hours) 1. Money, monetary institutions and the financial markets 2. The demand for money 3. The supply of money and the debate on its endogeneity 4. The equilibrium of the financial sector 5. The structure of the interest rates
Second Module (30 hours) 6. Money, prices, and output 7. The transmission channels of the monetary policies 8. The Gibson Paradox 9. Rules and discretion 10. Money and public finance
( reference books)
Bank of England, Quarterly Bulletin, Q1, 54, 1, 2014, pp. 4-28 (Module 1) N.S. Balke and K.M. Emery, “Understanding the price puzzle”, Economic Review— Fourth Quarter 1994, Federal Reserve Bank of Dallas, pp. 15-26 (Module 2) R. Ciccone, “Public Debt and Aggregate Demand: Some Unconventional Analytics”, in E.S. Levrero, A. Palumbo and A. Stirati (eds), Sraffa and the Reconstruction of Economic Theory: volume 2. Aggregate Demand, Policy Analysis and Growth, Palgrave Macmillan, 2013, pp. 15-28 (Module 2) B. Friedman, “Crowding Out or Crowding In? Economic Consequences of Financing Government Deficits”, Brookings Papers on Economic Activity, 3:1978, pp. 599-603 and 609-620 (Module 2) C.A.E Goodhart, Money, information and uncertainty, Second edition, Macmillan, 1989, pp. 24-50, 51-57, 129-137 (Module 1) A. Lavoie, Post-Keynesian Economics: New Foundations, Edward Elgar, 2014, pp. 186-225 and 245-252 (Module 1) M. Pivetti, “Interest and profits in Smith, Ricardo and Marx”, Political Economy. Studies in the surplus approach, 3, 1, 1987, pp. 63-74 (Module 2) W. Poole, “Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model”, The Quarterly Journal of Economics, 84, 2, 1970), pp. 197-203 (Module 2) J. Smithin, The theory of interest rates, in P. Arestis and M. Sawyer, A Handbook of Alternative Monetary Economics, Edward Elgar, 2006, pp. 273-290 (Module 2) J. Tobin, “Liquidity Preference as Behavior Towards Risk”, The Review of Economic Studies 25, 2, 1958, pp. 65-86 (Module 1) M. Vernengo, Money and inflation, in P. Arestis and M. Sawyer, A Handbook of Alternative Monetary Economics, Edward Elgar, 2006, pp. 476-489 (Module 1 and 2) C.E. Walsh, Monetary Theory and Policy, third edition, The Mit Press, 2010, pp. 21-24, 33-71, 134-162, 195-209, 465-475 (Module 1 and 2) C. E. Walsh, “Teaching Inflation Targeting: An Analysis for Intermediate Macro”, Journal of Economic Education, Fall 2002, pp. 333-346 (Module 2).
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9
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SECS-P/01
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60
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Core compulsory activities
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ENG |
21201492 -
PUBLIC ECONOMICS
(objectives)
The aim of the course is to provide advanced tools for the analysis of the tax shifting. To this purpose, the main kind of taxes will be investigated in different market structures (perfect competition, monopoly, monopolistic competition, oligopoly). The analysis is developed using both graphical and analytical tools.
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9
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SECS-P/03
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60
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-
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Core compulsory activities
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ITA |
21201711 -
Employment, income distribution and growth
(objectives)
The course will present different analytical perspectives along with empirical evidence on themes such as the relationship between labour market regulation, income distribution and employment growth, which are very relevant for economic analysis and current debates concerning economic policy.
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Derived from
21201711 OCCUPAZIONE, DISTRIBUZIONE E CRESCITA in Lavoro e Welfare LM-56 PALUMBO ANTONELLA, TREZZINI ATTILIO
( syllabus)
A. Alternative approaches to the theory of value and distribution Classical analysis: the notion of surplus - social forces determining the real wage neoclassical analysis: the role of factor substitution Euler's theorem. Reswitching and reverse capital deepening
B. theories of employment in the two approaches Keynes and effective demand: compatibility and incompatibility the neoclassical synthesis The present state of mainstream economics. The imperfectionist argument
C. Empirical analysis mainstream empirics of growth: the theoretical bases (Solow 1957) growth accounting The production function: the problem of aggregation. The accounting identity and the dual problem labour productivity: an alternative analysis the wage-productivity nexus in the Classical-Keynesian approach public debt in a classical-Keynesian perspective: the redefinition of sustainability
( reference books)
All material is provided to students on the moodle website
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9
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SECS-P/01
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60
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-
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Core compulsory activities
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ITA |
21210248 -
Politica monetaria e mercati finanziari
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SCARANO GIOVANNI
( syllabus)
Monetary theory Functions and forms of money. Value of money, monetary stability and inflation. Money and credit. Interest rate and rate of return on assets. The structure of interest rates. Interest rates, asset pricing and financial markets. Interest rates, exchange rates and movements of capital. Banks and money supply. Money demand and quantitative theory of money. Theories of endogenous money.
Monetary policy and transmission mechanisms Effectiveness of monetary policy. Neutrality of money and dichotomy in the classical model. Monetary economy. Keynesian models. Monetarist models. The New Consensus in Macroeconomics and the IS-PC-MR model. The objectives of monetary policy. The instruments of monetary policy: mandatory reserves, interest rates, money supply and capital requirements of banks. The mechanisms and channels of transmission of monetary policy.
European monetary policy The Maastricht Treaty. Independence and governance of the ECB. The ECB's strategy. The intervention instruments of the ECB. Credit risk regulation: from the Basel agreements to the European banking union.
Regulation of financial markets and financial crises Stability and volatility of the financial markets. Currency crisis and financial crisis. Money and effective demand. Credit cycle and financial crises. The financial crisis of 2007 - 2009. Bank rescue and sovereign debt crisis. Risks of national default and euro crisis. Secular Stagnation and sterilization of monetary policies. Corporate Saving Glut. The excesses of liquidity and the instability of the financial markets.
( reference books)
Bain K., Howells P., Monetary Economics. Policy and its Theoretical Basis, Palgrave Macmillan, 2009.
Bain K., Howells P., The Economics of Money, Banking and Finance. A European Text, Pearson Education, 2008.
Mishkin F.S., The Economics of Money, Banking and Financial Markets, Pearson- Addison Wesley, 2004.
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9
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SECS-P/01
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60
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-
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-
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-
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Core compulsory activities
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ITA |
21201506 -
HISTORY OF ECONOMIC THEORY
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21201506-1 -
STORIA DEL PENSIERO ECONOMICO
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Derived from
21201506-1 STORIA DEL PENSIERO ECONOMICO in Economia L-33 CICCONE ROBERTO
( syllabus)
Birth of Marginalism: Jevons and Menger: utility as the foundation of the value of goods; Walras: the system of general economic equilibrium; difficulties connected with the treatment of capital. Alfred Marshall: specific aspects of Marshall's value theory; claim to continuity with Ricardo's theory. Spreading marginalism and alternative lines of thought (mention). Development of the marginalist approach between the end of the 19th century and the first part of the 20th century. Two fundamental break points of the prevalence of marginalism: Keynes and Sraffa. Walras' social-political conceptions: distributive equity and social justice; Walras' criticism of Marx's value theory. Ricardo's 'macroeconomics': level of social product and Say's law; quantitative theory of money; public debt and taxation.
( reference books)
1. Appunti sulla teoria della distribuzione e del valore negli economisti classici (limited to chaps. 2-6, pp. 7-62), available at the copyshop "Copyando", via Osiense 457/d, Roma; 2. R. Ciccone, Materiale didattico per il corso di Storia del Pensiero Economico, available at the copyshop "Copyando", via Ostiense 457/d, Roma.
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5
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SECS-P/04
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30
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-
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-
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-
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Core compulsory activities
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ITA |
21201506-2 -
STORIA DEL PENSIERO ECONOMICO
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4
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SECS-P/04
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30
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-
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-
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-
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Core compulsory activities
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ITA |
21210108 -
ADVANCED PUBLIC FINANCE
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Derived from
21201417 FINANZA PUBBLICA in Scienze Economiche LM-56 DE SIMONE ELINA
( syllabus)
The teaching program concerns the main aspects (from the economic and institutional point of view) of modern tax systems with reference to the characteristics and evaluation of public spending, budget balance and fundamental principles of international taxation and fiscal competition. The course content can be broken down into several lesson blocks, the duration of which depends on the level of preparation of the students and their familiarity with the basic economics concepts 1st block Public budgeting and fiscal governance 2nd block Public debt 3rd block Public Spending 4th block The evaluation of public expenditure programs 5th block Cost benefit analysis 6th block International capital taxation, international taxation of goods, digital transaction tax. Fundamental characteristics of tax competition and policy problems. The role of supranational organizations: OECD and EU
( reference books)
John G. Cullis, Philip Jones, (2009) Public Finance and Public Choice: Analytical Perspectives, Oxford University Press, Chapters 6, 10, 13. Genschel, P. and Schwarz, P. (2011), "Tax competition: a literature review", Socio- Economic Review, 9, 339-370.
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9
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SECS-P/03
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60
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-
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-
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-
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Core compulsory activities
|
ITA |
21210232 -
Business Cycle Analysis & Policy
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9
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SECS-P/02
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60
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-
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-
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-
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Core compulsory activities
|
ENG |
21210082 -
INDUSTRIAL ECONOMICS - ADVANCED COURSE
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21201713 -
Foundations of Political Economy
(objectives)
The course aims to go to the foundations of the theories of value and distribution in order to provide students who already have a first knowledge of micro and macroeconomics with the means to orient themselves, on the one hand, in the comparison between the main theories of value and distribution (or 'micro' theory) and, on the other hand, in the understanding of the implications that these theories have with regard to the determination of the general level of production (or 'macro' theory).
The course is divided into two parts. The first part is devoted to a comparison between the classical theory and the neoclassical (marginalist) theory of value and distribution. Particular attention is given to the reconstruction of the structure of the latter theory, presented in the general equilibrium version of Wicksell and Walras, and to the difficulties that this theory faces in treating capital as a productive factor.
The second part is devoted to the determination of the general level of production in the two theoretical approaches. Particular attention is given to the reconstruction of the Keynesian Revolution, through a direct reading of some parts of Keynes’ General Theory, and the discussion of the elements that have favoured its reabsorption in the Neoclassical Synthesis.
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