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Course
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Credits
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Scientific Disciplinary Sector Code
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Contact Hours
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Exercise Hours
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Laboratory Hours
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Personal Study Hours
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Type of Activity
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Language
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21201437 -
POLITICAL ECONOMY - ADVANCED COURSE
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21201437-2 -
ECONOMIA POLITICA - CORSO AVANZATO 2
-
CICCONE ROBERTO
( syllabus)
1. Savings-investment equilibrium and aggregate product level in neoclassical theory and in the aggregate demand approach of Keynesian origin
2. The investment function elastic to the interest rate as a derivation of the function of demand for capital; applicability to the investment function of the criticism of the neoclassical theory of capital. Attempts to identify alternative analytical bases for the relationship interest rate-investments.
3. Savings and investments in the modern 'dynamic' neoclassical macroeconomics
4. Savings, investment and productive capacity: long-run relationships in an alternative theoretical approach
5. Aggregate demand, overall output and savings formation: implications for economic policies, with particular regard to public debt
( reference books)
- M. Pivetti, Economia politica, Laterza, 2002: Cap. secondo, parr. 1-11, pp. 48-83
- P. Garegnani, “Note su consumi, investimenti e domanda effettiva”, in P. Garegnani, Valore e domanda effettiva, Einaudi, 1979: Parte prima, Cap. I, parr. 5 e 6, pp. 25-36
- F. Petri, General Equilibrium, Capital and Macroeconomics, Edward Elgar, 2004: Chap. 7, secs. 7.1-7-7, pp. 256-83
- E. Marchetti, Teorie del ciclo economico, Esculapio, 2009: Cap. 5, parr. 5.1-5.4, pp. 113-36
- R. Ciccone, “Accumulation and capacity utilization: some critical considerations on Joan Robinson’s theory of distribution”, in Political Economy, n. 1, 1986 (available at http://www.centrosraffa.org , entry ‘From the archives’), sec. II, paras. 3 (bis) – 5, pp. 26-29
- P. Garegnani, “Some Notes on an Analysis of Accumulation”, in E.J Nell, D. Laibman, J. Halevi (eds), Beyond the Steady State, Macmillan, 1992, pp. 50-53
- R. Ciccone, “Public Debt and Aggregate Demand: Some Unconventional Analytics”, in S. Levrero, A. Palumbo e A. Stirati (eds), Sraffa and the Reconstruction of Economic Theory, Palgrave Macmillan, 2013: Vol. 2, parr. 1.1-1.5, pp. 15-33 and endnotes pp. 38-43
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5
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SECS-P/01
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30
|
-
|
-
|
-
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Core compulsory activities
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ITA |
21201437-1 -
ECONOMIA POLITICA - CORSO AVANZATO
-
FRATINI SAVERIO MARIA
( syllabus)
1. The notion of Surplus
2. The capitalist mode of production
3. Sraffa's theory of prices
4. The integrated wage-commodity sector and the surplus equation
5. The marginalist theory of distribution
6. Capital as a factor of production
( reference books)
- Teaching material written by the teacher and available online.
- Sraffa, P. (1960) Production of Commodities by Means of Commodities. Cambridge University Press: Cambridge. Chapters I-IV and VI.
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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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-
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-
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Core compulsory activities
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ITA |
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21201465 -
APPLIED ECONOMICS LABORATORY
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21201465-2 -
LABORATORIO DI ECONOMIA APPLICATA
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Derived from
21201465-2 LABORATORIO DI ECONOMIA APPLICATA in SCIENZE ECONOMICHE (DM 270) 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 its 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; relations between banks and industries in Italy; reform of popular banks.
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 available 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
-
Derived from
21201465-1 LABORATORIO DI ECONOMIA APPLICATA in SCIENZE ECONOMICHE (DM 270) 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 its 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; relations between banks and industries in Italy; reform of popular banks.
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 available 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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-
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Core compulsory activities
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ITA |
Optional group:
MERCATI, SETTORI E ISTITUZIONI 1 ANNO - Un insegnamento a scelta tra: - (show)
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9
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21201503 -
INTERNATIONAL ECONOMICS
-
Derived from
21201503 ECONOMIA INTERNAZIONALE in SCIENZE ECONOMICHE (DM 270) LM-56 TREZZINI ATTILIO
( syllabus)
Introduction
- International economics: the distinction between international trade theory and policy and the international monetary economy. Outline of the course.
Recording of economic and financial relations with foreign countries
- National accounting in an open economy
- Balance of payments
Exchange rates and foreign Exchange Markets. A portfolio approach
- Exchange rates and international transactions
- The foreign exchange market
- Demand for foreign currency assets
- Equilibrium in the foreign exchange market
- Interest rates, expectations and equilibrium
Money, interest rates and exchange rates
- Demand for Money
- Money supply and the determination of domestic rates of interest
- exchange rates in the short term
- Money, prices and exchange rate in the "long term".
- Inflation and exchange rate dynamics
- Critical considerations on the interpretation of the terms "short term" and "long term": the theoretical assumptions about the tendency to full employment
Long-term price level and exchange rate
- The law of one price
- Purchasing power parity: presentation and criticism
- A long-run exchange rate model based on PPP
- Empirical evidence on PPP and the law of one price.
- Explaining of the problems related to PPP.
- Beyond PPP: a "general" long-term model for exchange rates
Output and exchange rate in the short-run
- Output market equilibrium in an open economy in the short run (The DD curve)
- Asset Market equilibrium in the short run (the AA curve)
- Short-run equilibrium in open economy: putting DD and AA together
- Temporary changes in monetary and fiscal policies
- Permanent shifts in monetary and fiscal policies
- Macroeconomic policies and the current account
- The J curve and Marshall-Lerner condition
- The liquidity trap in the open economy
Fixed exchange rates and foreign exchange intervention
- Why study fixed exchange rates
- Central Bank intervention and the money supply
- How the central bank fixes the exchange rate
- Balance of payments crises and capital flight
- Managed floating and sterilized intervention
- Reserve currencies in the international monetary system
- The Gold Standard
The International Monetary System: a historical overview
- Macroeconomic policy goals in an open economy
- Classifying monetary systems: the open economy trilemma
- International macroeconomic policy under the Gold Standard, 1870-1914
- The years between the two wars (1918-1939)
- The Bretton Woods system and the International Monetary Fund
- Analyzing economic policy options for reaching internal and external balance
- The problem of the external balance of the United States in the Bretton Woods system
- the mechanism of imported inflation
- The case for floating exchange rates
- Macroeconomic interdependence under floating exchange rate regime
- What has been learned since 1973?
- Are fixed exchange rates even an option for most countries?
Optimal currency areas and European experience
- The evolution of the single European currency
- The euro and the economic policy of the euro zone
- The theory of optimum currency areas
- The future of EMU
- The crises of Balance of payments within the euro area
( reference books)
P. Krugman, M. Obstfeld, M. Melitz, Economia internazionale 2 - Economia monetaria internazionale, Decima Edizione Pearson, 2015 – (capitoli: 1-8 e capitolo 10).
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9
|
SECS-P/01
|
60
|
-
|
-
|
-
|
Related or supplementary learning activities
|
ITA |
|
|
Optional group:
Mercati, settori e istituzioni - 1°anno - un insegnamento a scelta tra: - (show)
|
9
|
|
|
|
|
|
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21201745 -
DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO
|
|
21201745-1 -
DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO
-
Derived from
21201745-1 DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO in SCIENZE ECONOMICHE (DM 270) LM-56 N0 ATRIPALDI MARIANGELA
( syllabus)
1. Protection of savings in the economic constitution
2. Savings, credit and banking system
3. Saving and direct and indirect equity investment in the large production facilities of the country
4. Protection of savings in the EU
5. Provisions on the protection of savings and the regulation of financial markets: Law 262/2005 and subsequent interventions
6. The functions and role of public supervisory authorities on savings
7. The offer to the public of securities
8. The regulatory framework on takeover bids
9. The legislation relating to securitisations
10. Protection of savings in German law and in US law.
a) Initial public offering (IPO): techniques, costs and benefits
b) Delisting: techniques, causes and effects on firms and shareholders
c) Separation between ownership and control and shareholder protection
d) Conflicts of interests in the financial system
( reference books)
M. Atripaldi, La tutela del risparmio popolare nell’ordinamento italiano, Editoriali scientifica, 2014: introduction, chapter II, IV, conclusions;
F. Annunziata, La disciplina del mercato mobiliare, Giappichelli, 2017, chapters III, XV, XVI
Other papers may be distributed during class.
Testi – Modulo 2
1) Enriques, L., 2012. Le regole della finanza. Diritto societario e mercato in Italia e in Europa. IBL Libri. Capitoli 1, 3, 4, 8
2) Berk, J., DeMarzo, P., Morresi, O., Venanzi, D., 2018. Finanza Aziendale 2, Capitolo 11.
3) Fidanza, B., Morresi, O., Pezzi, A., 2018. The decision to delist from the stock market. Palgrave. Capitolo 1.
4) Walter, I., 2004. Conflicts of interest and market discipline among financial service firms, European Management Journal 22(4), 361-376
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3
|
IUS/05
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201745-2 -
DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO
-
Derived from
21201745-2 DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO in SCIENZE ECONOMICHE (DM 270) LM-56 N0 ATRIPALDI MARIANGELA
( syllabus)
1. Protection of savings in the economic constitution
2. Savings, credit and banking system
3. Saving and direct and indirect equity investment in the large production facilities of the country
4. Protection of savings in the EU
5. Provisions on the protection of savings and the regulation of financial markets: Law 262/2005 and subsequent interventions
6. The functions and role of public supervisory authorities on savings
7. The offer to the public of securities
8. The regulatory framework on takeover bids
9. The legislation relating to securitisations
10. Protection of savings in German law and in US law.
a) Initial public offering (IPO): techniques, costs and benefits
b) Delisting: techniques, causes and effects on firms and shareholders
c) Separation between ownership and control and shareholder protection
d) Conflicts of interests in the financial system
( reference books)
M. Atripaldi, La tutela del risparmio popolare nell’ordinamento italiano, Editoriali scientifica, 2014: introduction, chapter II, IV, conclusions;
F. Annunziata, La disciplina del mercato mobiliare, Giappichelli, 2017, chapters III, XV, XVI
Other papers may be distributed during class.
Testi – Modulo 2
1) Enriques, L., 2012. Le regole della finanza. Diritto societario e mercato in Italia e in Europa. IBL Libri. Capitoli 1, 3, 4, 8
2) Berk, J., DeMarzo, P., Morresi, O., Venanzi, D., 2018. Finanza Aziendale 2, Capitolo 11.
3) Fidanza, B., Morresi, O., Pezzi, A., 2018. The decision to delist from the stock market. Palgrave. Capitolo 1.
4) Walter, I., 2004. Conflicts of interest and market discipline among financial service firms, European Management Journal 22(4), 361-376
|
3
|
IUS/05
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201745-3 -
DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO
-
Derived from
21201745-3 DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO in SCIENZE ECONOMICHE (DM 270) LM-56 N0 VENANZI DANIELA
( syllabus)
1. Protection of savings in the economic constitution
2. Savings, credit and banking system
3. Saving and direct and indirect equity investment in the large production facilities of the country
4. Protection of savings in the EU
5. Provisions on the protection of savings and the regulation of financial markets: Law 262/2005 and subsequent interventions
6. The functions and role of public supervisory authorities on savings
7. The offer to the public of securities
8. The regulatory framework on takeover bids
9. The legislation relating to securitisations
10. Protection of savings in German law and in US law.
a) Initial public offering (IPO): techniques, costs and benefits
b) Delisting: techniques, causes and effects on firms and shareholders
c) Separation between ownership and control and shareholder protection
d) Conflicts of interests in the financial system
( reference books)
M. Atripaldi, La tutela del risparmio popolare nell’ordinamento italiano, Editoriali scientifica, 2014: introduction, chapter II, IV, conclusions;
F. Annunziata, La disciplina del mercato mobiliare, Giappichelli, 2017, chapters III, XV, XVI
Other papers may be distributed during class.
Testi – Modulo 2
1) Enriques, L., 2012. Le regole della finanza. Diritto societario e mercato in Italia e in Europa. IBL Libri. Capitoli 1, 3, 4, 8
2) Berk, J., DeMarzo, P., Morresi, O., Venanzi, D., 2018. Finanza Aziendale 2, Capitolo 11.
3) Fidanza, B., Morresi, O., Pezzi, A., 2018. The decision to delist from the stock market. Palgrave. Capitolo 1.
4) Walter, I., 2004. Conflicts of interest and market discipline among financial service firms, European Management Journal 22(4), 361-376
|
3
|
SECS-P/08
|
20
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
|
Optional group:
Mercati, settori e istituzioni - 1° anno - un insegnamento a scelta tra: - (show)
|
9
|
|
|
|
|
|
|
|
|
21201457 -
INDUSTRIAL ECONOMICS - ADVANCED COURSE
|
9
|
SECS-P/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201503 -
INTERNATIONAL ECONOMICS
-
Derived from
21201503 ECONOMIA INTERNAZIONALE in SCIENZE ECONOMICHE (DM 270) LM-56 TREZZINI ATTILIO
( syllabus)
Introduction
- International economics: the distinction between international trade theory and policy and the international monetary economy. Outline of the course.
Recording of economic and financial relations with foreign countries
- National accounting in an open economy
- Balance of payments
Exchange rates and foreign Exchange Markets. A portfolio approach
- Exchange rates and international transactions
- The foreign exchange market
- Demand for foreign currency assets
- Equilibrium in the foreign exchange market
- Interest rates, expectations and equilibrium
Money, interest rates and exchange rates
- Demand for Money
- Money supply and the determination of domestic rates of interest
- exchange rates in the short term
- Money, prices and exchange rate in the "long term".
- Inflation and exchange rate dynamics
- Critical considerations on the interpretation of the terms "short term" and "long term": the theoretical assumptions about the tendency to full employment
Long-term price level and exchange rate
- The law of one price
- Purchasing power parity: presentation and criticism
- A long-run exchange rate model based on PPP
- Empirical evidence on PPP and the law of one price.
- Explaining of the problems related to PPP.
- Beyond PPP: a "general" long-term model for exchange rates
Output and exchange rate in the short-run
- Output market equilibrium in an open economy in the short run (The DD curve)
- Asset Market equilibrium in the short run (the AA curve)
- Short-run equilibrium in open economy: putting DD and AA together
- Temporary changes in monetary and fiscal policies
- Permanent shifts in monetary and fiscal policies
- Macroeconomic policies and the current account
- The J curve and Marshall-Lerner condition
- The liquidity trap in the open economy
Fixed exchange rates and foreign exchange intervention
- Why study fixed exchange rates
- Central Bank intervention and the money supply
- How the central bank fixes the exchange rate
- Balance of payments crises and capital flight
- Managed floating and sterilized intervention
- Reserve currencies in the international monetary system
- The Gold Standard
The International Monetary System: a historical overview
- Macroeconomic policy goals in an open economy
- Classifying monetary systems: the open economy trilemma
- International macroeconomic policy under the Gold Standard, 1870-1914
- The years between the two wars (1918-1939)
- The Bretton Woods system and the International Monetary Fund
- Analyzing economic policy options for reaching internal and external balance
- The problem of the external balance of the United States in the Bretton Woods system
- the mechanism of imported inflation
- The case for floating exchange rates
- Macroeconomic interdependence under floating exchange rate regime
- What has been learned since 1973?
- Are fixed exchange rates even an option for most countries?
Optimal currency areas and European experience
- The evolution of the single European currency
- The euro and the economic policy of the euro zone
- The theory of optimum currency areas
- The future of EMU
- The crises of Balance of payments within the euro area
( reference books)
P. Krugman, M. Obstfeld, M. Melitz, Economia internazionale 2 - Economia monetaria internazionale, Decima Edizione Pearson, 2015 – (capitoli: 1-8 e capitolo 10).
|
9
|
SECS-P/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
21201439 -
MACROECONOMICS - ADVANCED COURSE
|
9
|
SECS-P/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
21201438 -
MICROECONOMICS - ADVANCED COURSE
-
Derived from
21201438 MICROECONOMIA - CORSO AVANZATO in SCIENZE ECONOMICHE (DM 270) LM-56 N0 SPINESI LUCA
( syllabus)
1. Theory of firm
1.1 Technology
1.2 Profit maximization
1.3 Profit function
1.4 Cost minimization
1.5 Cost function
1.6 Duality
2. Consumer theory
2.1 Preferences
2.2 Utility function
2.3 Utility maximization
2.4 Demand function and demand and correspodence
2.5 Minimization of consumre’s expenditures
2.6 Slutsky equation: substitution and income effects
2.7 Consumption with endowements
3. Consumer’s Surplus
3.1 Compensative variation
3.2 Equivalent variation
3.3 Quasi-linear utility
3.4 Gorman indirect utility function and aggregate demand
4. Choice under uncertainty
4.1 Lotteries
4.2 Expected utility
4.3 Risk aversion
4.4 Measures of absolute and relative risk aversion
4.5 The CAPM
5 Perfect competition
5.1 The firm in perfect competition
5.2 Aggregate supply function
5.3 Short and long run equilibrium
5.4 Pareto efficiency
5.5 Efficiency and welfare
6 Monopoly
6.1 Monopolistic firm
6.2 Profit maximization
6.3 First, second, and third degree price discrimination.
( reference books)
H.L. Varian. Microeconomic Analysis. Third Edition. 1992. W.W. Norton and Company. New York.
|
9
|
SECS-P/01
|
60
|
-
|
-
|
-
|
Core compulsory activities
|
ITA |
|
|
21201479 -
OTHER TRAINING ACTIVITIES (LANGUAGES, INFORMATICS OR INTERNSHIPS)
|
6
|
|
-
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-
|
-
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-
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Other activities
|
ITA |
Università Roma Tre