Syllabus - Università Roma Tre

First semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210055 - ECONOMIA AZIENDALE (objectives) In line with the educating objectives of the Degree Course in Economics, the Course of Business Economics aims to provide students with the basic knowledge and tools for understanding the structure and behaviors of economic and production systems, investigating the characteristics and purposes of the different types of entities. The Course also provides the basic tools for the recognition of the accounting aspects of ordinary business management, using the accrual basis of accounting. At the end of the course, the student will have: - developed a complex and varied understanding method of the business phenomena; - become aware of the characteristics, structures and purposes of the main types of entities; - acquired a theoretical framework and an appropriate application capacity; - become confident with the basic categories of the accounting instruments and with the accrual accounting recognition techniques. Group: A - L - MENICUCCI ELISA (syllabus) GENERAL CHARACTERISTICS OF CORPORATE ORGANISATIONS First Part: BUSINESS ADMINISTRATION 1) The firm as an economic entity: General characteristics of the firm. Corporate entities: legal and economic identities. Types of firms. 2) The firm in its economic perspective: The enterprise as an individual economic undertaking: private enterprises and state-owned enterprises. The company’s purpose. Financial and economic stability as a prerequisite of a company’s existence. Economic stability and different types of economic operability. Payment for operating and production inputs used by enterprises. Corporate risk and who bears it. Income and profitability. Information Systems Governance and Internal controls (overview). Planning in business (overview). Second Parte: ACCRUAL ACCOUNTING 3) The organizational structure as part of the decision-making process; management control in modern corporations: Evolution of the corporate organizational models shaping the decision-making structure. Control exercised in corporations by different stakeholders. The planning and control function in modern corporations. 4) Corporate funding: Capital requirements, and how much is needed. Corporate funding: equity and debt capital in their various forms. Funding through cash generation. Capital structure of the company; choice of cost-efficient financing options; the dynamic relationship between equity and debt capital. Short-term capital and long-term financing. MONITORING AND MEASUREMENT OF COMPANY PERFORMANCE 1) The accounting rationale. Nature of data to be examined. Methodologies. The corporate record-keeping system in a broad sense. 2) Accounting practice: The theory of double entry bookkeeping. Double entry bookkeeping applied to manufacturing companies. Bookkeeping entries for general business transactions, initiating joint-stock companies, special transactions (wages and salaries, financial transactions etc…), adjusting entries and year-end closing entries. Practical exercises in applying accounting record-keeping systems and measurement principles to business transactions. (reference books) First Part: Business Administration Paoloni M., Paoloni P. (a cura di), Introduzione ed orientamento allo studio delle aziende, Giappichelli, 2009 Onida, P., Economia d'azienda, Utet, Torino, 1970 Zanda, G., Lineamenti di Economia Aziendale, Edizioni Kappa, Roma, 2006 Second Part: Accrual Accounting Paoloni M., Celli, M. (a cura di), Introduzione alla contabilità generale, CEDAM, 2012 (da pagina 75 a 123; da pagina 137 a 215; da pagina 220 a 243; da pagina 244 a 253; da pagina 255 a 279; da pagina 292 a 299; da pagina 304 a 309; da pagina 321 a 335; da pagina 364 a 377; da pagina 399 a 470). For business administration and accounting exercises: Paoloni M. (a cura di), Mattei G., Paoloni, N., Eserciziario di economia aziendale e contabilità, CEDAM, 2018 Group: M - Z - DEMARTINI PAOLA (syllabus) Syllabus 1) Organisations and entities. General characters: Aims of organisations. "Legal entity" and "economic entity." Various types of organisations 2) Broader characters of an Organisation. Private and public companies. Equilibrium conditions. Possible ways to remunerate resources used by the organisation. The business risk. Income and profit. 3) Funding The need for capital and its determination. Corporate finance, "equity" and "debt capital"; corporate self-financing; the dynamic relationship between "equity" and "debt capital". A corporate' s financial structure. 4) Accounting as a tool for information Logical moments. The nature of facts under investigation. Methods. 5) The accounting recognition Theory of the double-entry accounting. Systematic and comprehensive recording of financial transactions pertaining to a business. (reference books) David Boddy, Management: an Introduction, Financial Times Prentice Hall, 2011 Robert N. Anthony – Leslie K. Breitner, Essentials of Accounting, Prentice Hall, 2007 Slides/teaching notes will be available on the website	9	SECS-P/07	60	-	-	-	Basic compulsory activities	ITA
21210054 - MACROECONOMIA (objectives) Acquisition of the basic knowledge of the economic system as a whole, through an educational program that includes both lectures and practical classes. The first part of the course will introduce students to the basic knowledge of macro-economic magnitudes and variables: domestic product, aggregate consumption and investment, employment and unemployment, the general price level, public budget and international commercial flows. In the following part of the course, students will explore and compare the main theoretical interpretations of the working of the macro-economic system and their policy prescriptions. Group: A - L - PALUMBO ANTONELLA (syllabus) 1. National accounting system: basic defintions and identities. Main macroeconomic indicators 2. Keynes’s theory: aggregate demand and equilibrium output 3. Keynes’s theory: money and interest 4. The IS-LM model 5. The AS-AD model 6. Inflation and unemployment 7. Macroeconomics of the European Union 8. Money: creation and control (reference books) Compulsory material: 1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications) 2) Additional teaching material (lecture notes, etc, available on the website) Group: M - Z - Potestio Maria Paola (syllabus) The course consists of three modules First module: • National Accounts • Aggregate demand. Income multipliers • The IS-LM model Second module: • Aggregate demand in an open economy • The IS-LM model in an open economy Third module: • The labour market • The AD-AS model • The natural rate of unemployment and the Phillips curve • Inflation, production and money growth. The quantity theory of money • Introduction to growth models (reference books) Olivier Blanchard, Alessia Amighini, Francesco Giavazzi MACROECONOMIA. Una prospettiva europea Editore Il Mulino	9	SECS-P/01	60	-	-	-	Basic compulsory activities	ITA
21210408 - General Mathematics (objectives) The aim of the course is the acquisition of the mathematical method as a fundamental investigative tool for economic, financial and business disciplines. The student will be provided with elementary tools necessary to solve the simplest quantitative problems that arise in the economic, financial and business fields. In particular we will introduce the fundamental concepts of mathematical analysis for functions of one variable necessary to sketch the graph of a function and to solve simple optimal problems, with particular attention to possible economic applications of acquired notions. Elements of integral calculus and linear algebra will also be introduced Group: A - L - VELLUCCI PIERLUIGI (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(c.d.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009. Group: M - Z - MAZZOCCOLI ALESSANDRO (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(w.p.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: -Peccati, Salsa, Squellati. Matematica per l'economia e l'azienda. Egea. - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009.	9	SECS-S/06	60	-	-	-	Basic compulsory activities	ITA
21210411 - English Language (objectives) Refer to 'University Language Centre' http://www.cla.uniroma3.it/	5	L-LIN/12	-	-	30	-	Final examination and foreign language test	ENG
21201322 - INFORMATICS (objectives) • Provide the methodological and application knowledges in the fundamental areas of the computer science for the efficient use of the digital systems • Provide the competences for the correct use of the most popular application software. - BENEDETTO FRANCESCO	1	INF/01	25	-	-	-	Other activities	ITA

Second semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210409 - Public Law (objectives) The course aims to introduce the student to the knowledge of the Italian legal system, in its fundamental and characterizing elements, with in-depth analysis of the issues related to the management and organization of public authorities and public functions in relation to the community of citizens, institutional aspects and the dynamics of power management with particular regard to forms of participation within local, national and supranational systems. Group: A - L - ATRIPALDI MARIANGELA (syllabus) The program includes: Introduction to law Forms of State and forms of Government Beyond the State: the EU The sources of law Parliament and its functions Institutes of direct democracy The abrogative referendum. The Government and its functions The President of the Republic and his attributions Principles on the subject of Administration The other organs Local ordering Rights and freedom The economic Constitution Judicial power Constitutional Justice (reference books) It is recommended the study of one of the following books: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, latest edition P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, latest edition F. Modugno (a cura di), Diritto Pubblico, Torino, Giappichelli, latest edition C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, latest edition Group: M - Z - MAROTTA EGIDIO (syllabus) The Public Law course is divided into two modules. Module I covers the following topics: theory of social groups; the normative social groups; the structure of the legal system; power and its species; power-sharing techniques; the forms of exercise of power: the legal norm and the provision; subjects; interests; the goods; subjective legal situations; the legal facts; human behaviors; the legal effects; the responsability; the regulatory levels of government (international, European Community, state, local); the organization of public authorities; public functions (political direction, regulation, administration, jurisdiction). The II Module deals with the Italian legal system and the regulatory principles of its political, legislative, administrative and jurisdictional activity. (reference books) For preparation for Modules I and II we recommend studying a manual chosen from the following: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, ult. ed. C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, ult. ed. P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, ult. ed.	9	IUS/09	60	-	-	-	Basic compulsory activities	ITA
21210056 - MICROECONOMIA (objectives) The course aims to introduce concepts and arguments that are the basis of the analysis of economic theory, with particular reference to the explanation of commodity relative prices and the functional distribution of income (wages, profits and rents). The course addresses these issues by providing students with a pluralistic and critical view. In fact, the fundamental elements of the two main approaches to value and distribution are presented and compared: the surplus or classical approach and the marginalist or neoclassical theory. The study also includes the different relationships that both approaches establish between prices and levels of production and employment of resources, both at the aggregate level and at the level of individual production units. Group: A - L - CICCONE ROBERTO (syllabus) 1. Production and prices: general elements The production process. Production methods and their representation. The social production process. Economy of mere subsistence. Economy producung surplus. Basic and non-basic goods. 2. Fundamentals of the classical theory of distribution and relative prices The real wage and other circumstances taken as given in the 'core' of the theory. The concept of social surplus. Profits and general profit rate. Distinction and relationship between "normal" and "market" prices. Price equations: simultaneous determination of profit rate and relative prices. Importance and limits of the solutions to the problem attempted by Ricardo and Marx. The inverse wage-profit relationship. The theory of rent. 3. Fundamentals of the marginalist theory of distribution and relative prices The data of the theory. Consumer theory. Functions of consumption good demand. Production theory. Direct and indirect substitutability as analytical bases for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with the classical theory of distribution. Implications of general economic equilibrium: full employment of available resources; Pareto optimality; efficiency in exchange; efficiency in production; efficiency in the combination of outputs. The notion of capital as a single productive factor and the difficulties that derive from it (mention). 4. Analysis of the single industry and market forms The analysis of "partial" equilibrium. Short and long term cost curves of the individual enterprise. Equilibrium of enterprise and industry under competitive conditions, in the short and long period. Quantity produced and price, in the short and long period, in monopoly and monopolistic competition. The oligopoly: Cournot model. (reference books) "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1 "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 "La teoria marginalista della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.3 Materials (audio slides) distributed by the teacher With regard to the other text adopted, the chapters and paragraphs included in the programme are set out below, with reference to the latest edition (2017). Robert H. Frank e Edward Cartwright, Microeconomia Milano: McGraw-Hill, VII edizione, 2017 Capitoli e paragrafi in programma: Capitolo 3, La scelta razionale del consumatore, p. 51 {paragrafi: 3.1, 3.2, 3.3, 3.4; Appendice 3} Capitolo 4, La domanda individuale e la domanda di mercato, p. 93 {paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7} Capitolo 5, Le applicazioni delle teorie della scelta razionale e della domanda, p. 137 {limitatamente a: paragrafo 5.7; Appendice 5} Capitolo 9, La produzione, p. 267 {intero capitolo, inclusa Appendice 9} Capitolo 10, I costi, p. 297 {intero capitolo, esclusa Appendice 10} Capitolo 11, La concorrenza perfetta, p. 333 {paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.9, 11.12, 11.13} Capitolo 12, Il monopolio, p. 377 {paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6, 12.8} Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi, p. 427 {paragrafi: 13.1, 13.2, 13.4 limitatamente al sotto-paragrafo 13.4.1} Capitolo 15, L'equilibrio generale e l'efficienza dei mercati, p. 523 {paragrafi: 15.1, 15.2, 15.3, 15.4, 15.6,15.7 Group: M - Z - FRATINI SAVERIO MARIA (syllabus) Elements of the theory of production - inputs, outputs and production methods - the subsistence economy - the economy with a surplus The surplus approach to commodity value and income distribution - the relevance of social and institutional elements to income distribution - the explanation of the real wage rate - the "core" of the classical approach - the link between profit rate and relative prices - the price equations - the classical theory of rent The theory of consumer choice - budget set and budget constraint - preferences - consumer choice - consumer-good demand curves The theory of firm choice - the function of production - profit maximisation - isoquants and isocosts - the output expansion path and long-term cost curves Production factors and the marginalist explanation of income distribution - marginal and average productivity of factors - the demand curves of factors of production - equilibrium between supply and demand for factors of production Market forms - perfect competition - monopoly - Cournot oligopoly - Stackelberg oligopoly Introduction to the welfare economics - allocations and Edgeworth box - Pareto improvements and Pareto optima - first theorem of welfare economics (reference books) i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini). iv) Frank Robert H.; Cartwright Edward; Piras R. (cur.). Microeconomia. McGraw-Hill Libri Italia, Milano. 2017. v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210410 - Statistics (objectives) The course aims at providing students with specific competences in sampling tecniques and statistical data analysis. Particular relevance is given to probability and inference, as the course means to provide students with the necessary tools for supporting decisional processes through the management of data bases and the use of statistical models. Group: A - L - CONIGLIANI CATERINA (syllabus) An introduction to the fundamental ideas of statistics. Topics include: Descriptive statistics: graphical summaries of data, measuring the center of quantitative data (mode, median, mean), measuring the variability of quantitative data (standard deviation, variance), simmetry of a distribution (Fisher coefficient), the association between two variables (chi-square), the association between two quantitative variables (covariance, correlation coefficient). Probability: probability of events (probability of the complement of an event, of the union and intersection of two events, conditional probability, independent events, Bayes theorem), discrete and continuous random variables (the Bernoully r.v., the Binomial r.v., the Poisson r.v., the Normal r.v., the Student t r.v., che Chi-square r.v.). Inferential statistics: sample versus population, sampling distributions, point and interval estimates of population parameters, confidence intervals for a population mean and a proportion, significance tests about hypotheses on a population mean and a proportion, p-values, Chi-square tests for testing for independence and normality. Regression analysis: the regression line, ordinary least squares, describing the strength of the association, nonlinear regression models, confidence intervals and tests on the parameters of the regression line, prediction. (reference books) G.Cicchitelli, P.D'Urso, M.Minozzo. Statistica: principi e metodi. Pearson, terza edizione (2017): Chap. 1 (excluding 1.12), Chap. 2 (excluding 2.4, 2.5, 2.6), Chap. 3 (excluding 3.5, 3.6, 3.7), Chap. 4 (excluding 4.3, 4.4, 4.5, 4.6), Chap. 5 (excluding 5.3, 5.6, 5.7, 5.8), Chap. 6 (excluding 6.3), Chap. 9 (excluding 9.4), Chap. 10 (excluding 10.6), Chap. 11 (excluding 11.2.2), Chap. 12, Chap. 13, Chap. 14 (excluding 14.6, 14.7)],Chap. 17 (excluding 17.7.1), Chap.18 (excluding 18.3.1), Chap. 19 (excluding 19.5), Chap. 20 (excluding 20.5, 20.6), Chap. 22 (excluding 22.2.2), Chap. 23 (excluding 23.8). A collection of exercises by the teacher is available to students on Moodle. Group: M - Z - TERZI SILVIA (syllabus) descriptive statistics variables and their measurement univariate distributions describing data with tables and graphs measures of position variability bivariate descriptive statistics independence, association, correlation probability distributions for discrete and continuous variables sampling distributions Inference: estimation hypothesis test (reference books) A. Agresti, B. Finlay Statistical methods for the social sciences Pearson International Edition - 4th edition 2009	9	SECS-S/01	60	-	-	-	Core compulsory activities	ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21210071 - BILANCIO (objectives)

Group: A - L

- Ciaburri Mirella (syllabus) (reference books)

Group: M - Z

- DELLO STROLOGO ALBERTO

9

SECS-P/07

60

-

Core compulsory activities

ITA

21210072 - DIRITTO PRIVATO (objectives)

Group: A - L

- MACIOCE FRANCESCO (syllabus) (reference books)

Group: M - Z

- LONGOBUCCO FRANCESCO (syllabus) (reference books)

9

IUS/01

60

-

Related or supplementary learning activities

ITA

21201495 - PUBLIC FINANCE (objectives)

Group: A - L

- CRESPI FRANCESCO (syllabus) (reference books)

Group: M - Z

- LIBERATI PAOLO (syllabus) (reference books)

9

SECS-P/03

60

-

Core compulsory activities

ITA

21201505 - STATISTICS FOR ECONOMICS (objectives)

Group: A - L

- BARBIERI MARIA MADDALENA (syllabus) (reference books)

Group: M - Z

- BARBIERI MARIA MADDALENA (syllabus) (reference books)

9

SECS-S/01

60

-

Core compulsory activities

ITA

Optional group: Lavoro, impresa e mercati - 2° anno, un esame a scelta tra: - (show)

9

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. - Derived from 21210130 Monetary theory, institutions and policy in Scienze Economiche LM-56 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).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210413 - History of economic ideas and facts

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21210028 - Matematica per le applicazioni economiche (objectives)

- MASTROENI LORETTA CLARA LETIZIA (syllabus) (reference books)

9

SECS-S/06

60

-

Core compulsory activities

ITA

21201481 - ECONOMIC POLICY (objectives)

Group: A - L

- SCARLATO MARGHERITA (syllabus) (reference books)

Group: M - Z

- SALVATICI LUCA (syllabus) (reference books)

- GIUA MARA (syllabus) (reference books)

9

SECS-P/02

60

-

Core compulsory activities

ITA

Optional group: Lavoro, impresa e mercati - 2° anno, un esame a scelta tra: - (show)

9

21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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, Undicesima Edizione Pearson, 2020.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210413 - History of economic ideas and facts
21210413-1 - History of economic ideas and facts - I mod. - TREZZINI ATTILIO	3	SECS-P/04	20	-	-	-	Core compulsory activities	ITA
21210413-2 - History of economic ideas and facts - II mod. - TREZZINI ATTILIO	6	SECS-P/12	40	-	-	-	Basic compulsory activities	ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201530 - BUSINESS MANAGEMENT (objectives)

- Derived from 21201530 ORGANIZZAZIONE AZIENDALE in Economia e gestione aziendale L-18 (docente da definire)

9

SECS-P/10

60

-

Related or supplementary learning activities

ITA

Optional group: Lavoro, impresa e mercati - 3° anno- 1 esame a scelta tra: - (show)

9

21210179 - Economia applicata

- PIERUCCI ELEONORA (syllabus) (reference books)

9

SECS-P/06

60

-

Core compulsory activities

ITA

Optional group: Lavoro, Imprese e Marcati- 3° anno - 2 esami a scelta libera - (show)

18

21201500 - ADMINISTRATIVE LAW (objectives) The course explores the main topics of administrative law: organization and structures of public administration, privatization of public bodies and services. Much attention will be paid to civil service issues and management discipline; administrative procedures under rule of law, discretion, fairness, and regulatory unreasonableness. The student must achieve: 1) knowledge of the general theory of administrative law; 2) knowledge of the traditional approach of administrative law studies; 3) awareness of the significant changes in the reference regulatory framework concerning the public administration. - LAZZARA PAOLO	9	IUS/10	60	-	-	-	Elective activities	ITA
21201546 - SOCIAL SECURITY LAW (objectives) The course is aimed at deepening the issue of social security and welfare state in a dimension that embraces public and private social security, social assistance, unemployment protection, social safety nets and active policies, and also the issue of occupational safety, the social security protection for work accidents and occupational diseases. - Derived from 21201546 DIRITTO DELLA SICUREZZA SOCIALE in Lavoro e Welfare LM-56 GIOVANNONE MARIA, Monterossi Luisa	9	IUS/07	60	-	-	-	Elective activities	ITA
21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts.
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. - Derived from 21201492 ECONOMIA PUBBLICA in Economia dell'ambiente e dello sviluppo LM-56 LIBERATI PAOLO (syllabus) 1) Welfare state; 2) Public utilities and regulation policies; 3) Fiscal federalism; 4) The theory of public debt; 5) European fiscal policies (reference books) Bosi P. (2019), Corso di Scienza delle Finanze, capitoli IV, V, VI, VII, VIII, Il Mulino, Bologna, Eighth edition. Additional material will be available during lectures.	9	SECS-P/03	60	-	-	-	Elective activities	ITA
21210009 - LABORATORIO DI MARKETING CULTURALE (objectives) The course Cultural Marketing Lab aims to teach students marketing policies of artistic and cultural institutions. Through direct contact with realities of artistic and cultural sectors and industries, students will learn the tools available in these fields, and will learn to use the principles of marketing to improve the market performances. At the end of the course students will: 1) share the language of a marketing director of artistic and cultural institutions; 2) learn a working method to solve the classic problems of strategic and operational marketing of artistic and cultural institutions; 3) develop the typical skills of problem solving, team work and public presentations. - ADDIS MICHELA (syllabus) The marketing concept in cultural industries The exchange markets Product orientation vs. market orientation Performances in cultural markets Consumer behavior: from utility to experience The aesthetic experience Brand equity: definition, components, and drivers Managing cultural products: product, communication, distribution and pricing Customer relationships: building the CRM (reference books) For attending and non-attending students: 1) Slides, readings, and all the materials accessible via the Moodle platform (Department of Economics) 2) Addis M., Rurale A. (Eds.) (2020), Managing the Cultural Businesses: Avoiding Mistakes, Finding Success, Routledge. During the course, additional readings will be indicated. They will be available on the course platform, freely on the websites, or at the University Library System.	9	SECS-P/08	60	-	-	-	Elective activities	ITA
21201506 - HISTORY OF ECONOMIC THEORY (objectives) The course aims to present the main theories of value and distribution in their historical development. This should be understood in two senses. On the one hand, the course focuses on the reconstruction of the strictly analytical problems that have gradually arisen within the Classical and the Neoclassical (marginalist) theories of value and distribution in their traditional formulations. In this way students are offered the tools to look with greater awareness at the form in which those approaches present themselves today. On the other hand, the authors who will be considered in the course will be placed in their respective historical context, with a view to highlighting the nature of social science proper to political economy. In this regard, particular attention will be given to the drastic change of approach that took place in economic theory in the period immediately following Ricardo, and for which it seems difficult to find an explanation on exclusively analytical grounds.
21201506-2 - STORIA DEL PENSIERO ECONOMICO (objectives) The course aims to present the main theories of value and distribution in their historical development. This should be understood in two senses. On the one hand, the course focuses on the reconstruction of the strictly analytical problems that have gradually arisen within the Classical and the Neoclassical (marginalist) theories of value and distribution in their traditional formulations. In this way students are offered the tools to look with greater awareness at the form in which those approaches present themselves today. On the other hand, the authors who will be considered in the course will be placed in their respective historical context, with a view to highlighting the nature of social science proper to political economy. In this regard, particular attention will be given to the drastic change of approach that took place in economic theory in the period immediately following Ricardo, and for which it seems difficult to find an explanation on exclusively analytical grounds.	4,5	SECS-P/04	30	-	-	-	Elective activities	ITA
21201506-1 - STORIA DEL PENSIERO ECONOMICO (objectives) The course aims to present the main theories of value and distribution in their historical development. This should be understood in two senses. On the one hand, the course focuses on the reconstruction of the strictly analytical problems that have gradually arisen within the Classical and the Neoclassical (marginalist) theories of value and distribution in their traditional formulations. In this way students are offered the tools to look with greater awareness at the form in which those approaches present themselves today. On the other hand, the authors who will be considered in the course will be placed in their respective historical context, with a view to highlighting the nature of social science proper to political economy. In this regard, particular attention will be given to the drastic change of approach that took place in economic theory in the period immediately following Ricardo, and for which it seems difficult to find an explanation on exclusively analytical grounds.	4,5	SECS-P/04	30	-	-	-	Elective activities	ITA
21210010 - TEORIA DEI GIOCHI (objectives) The course is a primer in game theory that aims to introduce students to the language and methods used to analyze static and dynamic games of complete and incomplete information. A special emphasis is posed on economic applications. Among the others, the course deals with problems concerning business strategies such as those related to the determination of sale prices and production/distribution quantities, strategies related to firm entry/exit and market positioning, bargaining, auction strategies and mechanisms, optimal policy, issues related to agents’ credibility and to the time-consistence/sustainability of their decisions. - Derived from 21210236 Game Theory in Scienze Economiche LM-56 (docente da definire)	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21210029 - Stage	9		-	-	-	-	Elective activities	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. - Derived from 21210130 Monetary theory, institutions and policy in Scienze Economiche LM-56 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).	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21210179 - Economia applicata - Derived from 21210179 Economia applicata in Economia L-33 PIERUCCI ELEONORA (syllabus) NOTA BENE: • Tutte le slides delle lezioni saranno rese disponibili, insieme a tutti gli altri materiali rilevanti, esclusivamente sulla piattaforma moodle del corso. • I paragrafi da studiare dei capitoli di riferimento riportati tra parentesi verranno meglio indicati durante le lezioni e coincideranno con le parti che verranno trattate in aula e nelle slides. Parte I – Economia Regionale Testo di riferimento: Capello R. “Economia Regionale”, seconda edizione, Il Mulino. Parti selezionate tratte da: 1. Introduzione: Economia e spazio (pag. 25-39) 2. Teorie della crescita regionale a. Struttura produttiva e sviluppo (cap. IV) b. La domanda (cap. V) c. La dotazione fattoriale (cap. VI) 3. Teorie dello sviluppo locale a. Competitività territoriale e sviluppo esogeno (cap. VII) b. Competitività territoriale e sviluppo endogeno: le economie di agglomerazione (cap. VIII) c. Competitività territoriale e sviluppo endogeno: le economie di agglomerazione (cap. IX) 4. Politica regionale Europea (materiali distribuiti durante le lezioni) Parte II – Economia Industriale Testo di riferimento: Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari “Organizzazione Industriale” terza edizione, Mc Graw Hill Education Parti selezionate tratte da: 1. Fondamenti di micro (solamente slides delle lezioni) 2. Oligopolio statico (capp. 8 e 9) 3. Ricerca e sviluppo e brevetti (cap.18) 4. Big data, piattaforme digitali e antitrust (articolo: G. Colangelo “Big data, piattaforme digitali e antitrust”, Mercato concorrenza regole/a. XVIII, n. 3, dicembre 2016) Esercitazioni: Durante l’orario di lezione sono previste esercitazioni pratiche che prevedono utilizzo e di banche dati ed elaborazioni (reference books) 1. Capello R. “Economia Regionale”, seconda edizione, Il Mulino. 2. Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari “Organizzazione Industriale” terza edizione, Mc Graw Hill Education	9	SECS-P/06	60	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali
21210413 - History of economic ideas and facts

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201580 - LABOUR LAW (objectives)

- CIUCCIOVINO SILVIA (syllabus) (reference books)

9

IUS/07

60

-

Core compulsory activities

ITA

21201501 - LABOUR ECONOMICS (objectives)

- LEVRERO ENRICO SERGIO (syllabus) (reference books)

9

SECS-P/01

60

-

Core compulsory activities

ITA

Optional group: Lavoro, impresa e mercati - 3° anno- 1 esame a scelta tra: - (show)

9

21201526 - INDUSTRIAL ECONOMICS (objectives)

- PIERUCCI ELEONORA (syllabus) (reference books)

9

SECS-P/01

60

-

Core compulsory activities

ITA

Optional group: Lavoro, Imprese e Marcati- 3° anno - 2 esami a scelta libera - (show)

18

21210489 - Legalità e nuove tecnologie digitali - Derived from 21210230-1 Fondamenti giuridici della digitalizzazione – Modulo 1 in Economia e Big Data L-33 LONGOBUCCO FRANCESCO	1	IUS/01	-	-	-	-	Elective activities	ITA
21201524 - TAXATION LAW (objectives) The course aims to provide students with elements of the Italian tax system; in a case in which we are dealing with processes in which, instead, we focus on the analysis of the system of individual taxes. Evaluation method: the students of the course are evaluated on the basis of exams, they have been evaluated based on the theoretical preparation. - Derived from 21201524 DIRITTO TRIBUTARIO in Economia e gestione aziendale L-18 N0 MARINI GIUSEPPE (syllabus) GENERAL The notion of tax and the classification of taxes The tax law The sources of tax law The integrity of the norm in time and space The interpretation of the tax law The constitutional principles Abuse of tax law and tax avoidance The tax report and its subjects Instrumental obligations The investigation The assessment Collection The refund Sanctions Jurisdictional protection SPECIAL The star system in Italy The income tax The IRES The IRAP The registration tax Inheritance and gift tax The IMU (reference books) AA.VV., Fondamenti di diritto tributario, Wolters Kluwer, 2020 studiare da pag 3 a pag. 192; da pag. 217 a 230; da pag. 243 a 249; da pag. 265 a 336 (in particolare capitoli 1, 2, 3, 4 sezione I, capitolo 4 sezione II da Sintesi introduttiva fino al paragrafo 4 incluso, paragrafo 7, paragrafo 10, capitolo 5).	9	IUS/12	60	-	-	-	Elective activities	ITA
21201526 - INDUSTRIAL ECONOMICS (objectives) To understand the functioning of markets different from perfect competition (monopoly, oligopoly, imperfect competition) and of the strategies used by firms operating in such markets, also with the analysis of theories of firm different from the neoclassical model studied in the class of microeconomics; to acquire the basic knowledge about antitrust policies, policies for the regulation of natural monopolies and industrial policies - PIERUCCI ELEONORA (syllabus) 1. Concetti fondamentali a. Organizzazione industriale: cosa, come e perché (cap.1) b. Fondamenti di microeconomia (cap.2) c. Struttura di mercato e potere di mercato (cap.3) d. Tecnologia e costi di produzione (cap.4) 2. Il potere di monopolio a. Discriminazione di prezzo e monopolio: i prezzi lineari e non lineari (capp. 5 e 6) 3. Oligopolio e interazione strategica a. Concorrenza alla Cournot (cap. 8) b. Concorrenza dei prezzi (cap. 9) c. Concorrenza e decisioni sequenziali (cap. 10) 4. Strategie anticompetitive a. Prezzo limite e deterrenza all’entrata (cap. 11) b. Comportamento predatorio (cap. 12) c. Collusione e giochi ripetuti (cap. 13) 5. Relazioni contrattuali tra imprese a. Fusioni (cap. 15) b. Restrizioni verticali legate al prezzo (cap. 16) 6. Concorrenza non di prezzo a. Pubblicità, potere di mercato, concorrenza e informazione (cap. 17) (reference books) Libro di testo: Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari "Organizzazione Industriale" terza edizione, Mc Graw Hill Education	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21210073 - ECONOMIA E GESTIONE DELLE IMPRESE (objectives) The Management course aims at: 1) Reading and interpreting business operations in today's world; 2) Knowing and discussing the basic processes of business management; 3) Knowing and applying the tools for the analysis of the evolution of the competitive environment in which companies operate; 4) Knowing and applying the basic operational tools to take managerial decisions; 5) Developing the proper knowledge to further deepen specific managerial processes in the next future. To achieve these goals, the course uses active and interactive teaching. Interactive participation is strongly recommended. - ADDIS MICHELA (syllabus) The course is structured in three parts: 1) The company and the strategy 2) The functions of company management 3) Operational management Specifically, the course deals with: Firms and their roles Firm and their environment Stakeholders theory Theory of the firm Strategic management of the company The competitive analysis Evolution of sectors and competitive structures The Resource Based View The competitive advantage The growth of the company The roles of corporate management: management, programming, control, human resources, information systems, knowledge management Operational management: marketing, production, finance, logistics, innovation, administration Please refer to the official page of the course. (reference books) Attending students • Textbook: Sciarelli, La gestione dell¿impresa. Tra teoria e pratica aziendale • Additional materials shared on the virtual class (MS Teams) • Notes Non-Attending students • Textbook: • Additional materials shared on the virtual class (MS Teams) Students interested in better examining the topics are kindly invited to discuss with the instructor.	9	SECS-P/08	60	-	-	-	Elective activities	ITA
21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts.
21201503-1 - ECONOMIA INTERNAZIONALE (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits.The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world.The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas.All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed.The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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 employmentLong-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 ratesOutput 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 StandardThe 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, Undicesima Edizione Pearson, 2020.	6	SECS-P/01	40	-	-	-	Elective activities	ITA
21201503-2 - ECONOMIA INTERNAZIONALE (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits.The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world.The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas.All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed.The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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 employmentLong-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 ratesOutput 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 StandardThe 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, Undicesima Edizione Pearson, 2020.	3	SECS-P/01	20	-	-	-	Elective activities	ITA
21201506 - HISTORY OF ECONOMIC THEORY (objectives) The course aims to present the main theories of value and distribution in their historical development. This should be understood in two senses. On the one hand, the course focuses on the reconstruction of the strictly analytical problems that have gradually arisen within the Classical and the Neoclassical (marginalist) theories of value and distribution in their traditional formulations. In this way students are offered the tools to look with greater awareness at the form in which those approaches present themselves today. On the other hand, the authors who will be considered in the course will be placed in their respective historical context, with a view to highlighting the nature of social science proper to political economy. In this regard, particular attention will be given to the drastic change of approach that took place in economic theory in the period immediately following Ricardo, and for which it seems difficult to find an explanation on exclusively analytical grounds.
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali
21210176-1 - modulo base - Derived from 21210176-1 modulo base in Economia L-33 GIUA MARA (syllabus) Introduction to the United Nations 2030 Agenda for Sustainable Development Analysis of the 17 SDGs (Sustainable Development Goals) and some relevant topics connected to them Critical discussion of the structure of the 2030 Agenda and the links between its various objectives, both in terms of synergies and possible conflicts Insights on specific topics and tools for measuring targets (reference books) Testo dell’Agenda 2030 https://asvis.it/l-agenda-2030-dell-onu-per-lo-sviluppo-sostenibile/ ASVIS. Rapporto 2022. L’Italia e gli Obiettivi di Sviluppo Sostenibile ASVIS. Il Piano Nazionale di Ripresa e Resilienza #NextGenerationItalia e lo sviluppo sostenibile ASVIS. L’evoluzione delle regioni italiane rispetto agli Obiettivi di sviluppo sostenibile ASVIS. Obiettivi di sviluppo sostenibile e politiche europee ASVIS. I territori e gli Obiettivi di sviluppo sostenibile Giovannini, E. La rivoluzione dei big data a sostegno dell'Agenda 2030, rivisteweb, ISSN: 1594-7580, Il Mulino pp. 64-69, DOI: 10.1406/83553, 2016. https://www.rivisteweb.it/doi/10.1406/83553 Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	3		20	-	-	-	Elective activities	ITA
21210176-2 - modulo avanzato - Derived from 21210176-2 modulo avanzato in Economia L-33 DE MURO PASQUALE, GIUA MARA (syllabus) The course will address the following themes: - What is sustainable development? - Presentation and critical discussion of the 2030 Agenda: antecedents, principles, general objectives, trade-offs and synergies - The 17 Sustainable Development Goals, their targets, and some connected relevant topics - The official indicators for each target and the Global Database of indicators - Insights on specific issues and on tools for measuring targets - Analysis of global and regional trends - Case-studies (reference books) The full text of 2030 Agenda, that can be downloaded for free from the following website: https://sustainabledevelopment.un.org/content/documents/21252030%20Agenda%20for%20Sustainable%20Development%20web.pdf The latest "UN Sustainable Development Goals Report" (published yearly), that can be downloaded for free from the following website: https://unstats.un.org/sdgs/report/2022/ The latest "UN Global Sustainable Development Report", that can be downloaded for free from the following website: https://sdgs.un.org/gsdr The latest "ISTAT SDGs Report. Statistical information for 2030 Agenda in Italy" (published yearly), that can be downloaded for free from the following website: https://www.istat.it/en/archivio/sdgs+report Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	6	SECS-P/02	40	-	-	-	Elective activities	ITA
21210190 - Finanza aziendale - Derived from 21210190 Finanza aziendale in Economia L-33 MORRESI OTTORINO (syllabus) The most important topics of the course are as follows: 1. Business forms, separation between ownership and control, stock markets 2. Annual reports, balance sheet analysis and financial decision making 3. Net present value, the separation between consumption and investment, the law of one price, arbitrage 4. Time value of money, interest rates, cost of capital 5. Capital budgeting: cash flow estimation, DCF method, IRR, and alternative methods for valuing investments 6. Methods for estimating the price of stocks 7. Risk measures 8. Mean-variance models, portfolio diversification and the risk-return relationship 9. Capital asset pricing model (CAPM), beta and cost of capital 10. Capital structure and firm value in perfect markets (Modigliani and Miller theorems) 11. Debt and taxes 12. Bankruptcy costs, agency costs of debt and information asymmetries 13. Capital structure of Italian firms and international comparison 14. Weighted average cost of capital and adjusted present value (APV) 15. Capital budgeting with differrent capital structure policies (reference books) − Berk, J., DeMarzo, P., 2018. Finanza aziendale 1 - Fondamenti, Pearson, 4th edition, Chapters 1, 2, 3 (with Appendix), 4 (with Appendix), 5 (excluding Appendix), 7 (with Appendix), 8 (excluding section 8.5), 9 (with Appendix), 10, 11 (excluding Appendix), 12 (excluding section 12.4, with Appendix), 14, 15, 16, 18 (excluding section 18.4, with Appendix).	9	SECS-P/09	60	-	-	-	Elective activities	ITA
21210413 - History of economic ideas and facts
21210413-1 - History of economic ideas and facts - I mod. - Derived from 21210413-1 Storia delle idee e dei fatti economici - I mod. in Economia L-33 TREZZINI ATTILIO (syllabus) PART ONE The first industrial revolution (1750-1850) 1. Society and economy in the pre-industrial period. The cognitive and agricultural revolutions 2. Economic development 3. The premises of the English industrial revolution: population 4. The premises of the English industrial revolution: agriculture 5. The premises of the English industrial revolution: transport and commerce 6. Leading industries and innovations in Great Britain 7. The English industrial revolution: the problems 8. The second: France and the United States PART TWO The second industrial revolution (1850-1950) 9. The Stages of Growth (1850-1914) 10. The conditions for growth: population 11. The conditions for growth: transport, banks and money 12. Production activities 13. The big business 14. The industrialized countries: Great Britain and France 15. High-growth countries: Germany and the United States 16. Two special cases: Russia and Japan 17. The unification of Italy and the national economy 18. United Italy 19. The First World War and its aftermath 20. The Soviet Union 21. The Great Depression 22. Policies against depression PART THREE THE CONTEMPORARY ECONOMY (1950-2017) 23. A new revolution: demographic problems 24. A new revolution: the productive sectors 25. The reconstruction of the world economy 26. From the Goden Age to the Crisis 27. Neoliberalism and globalization PART FOUR. ITALY FROM 1945 TO TODAY II. Reconstruction and open economy: the strategic choices of the years 1944-1953 III. The golden years of the second globalization: 1953-1973 IV. Italy and the end of the «Golden Age»: interventionist state and Made in Italy V The challenges of the third globalization: 1992-2007 YOU. The Great Crisis of 2008 PART FIVE THE TRANSFORMATION OF INTERNATIONAL ECONOMIC EQUILIBRIA 33. The end of the planned economy: the Soviet Bloc 30. Developed economies: United States and Japan 34. The awakening of Asia 35. Latin America and Africa In-depth studies on the history of economic ideas Within the following volumes, parts will be identified to be used for the preparation of student works Alessandro Roncaglia, The age of disintegration History of contemporary economic thought, Bari, Laterza Editors, 2019 Ernesto Screpanti and Stefano Zamagni Profile of the History of Economic Thought Contemporary developments Carocci editore 2004 B. Happelbaum, The time of economists. False prophets, the free market and the disintegration of society, Milan, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics THE TOPICS IDENTIFIED FOR THE IN-DEPTH WORKS ARE: Topic 1: Milton Friedman and the end of Keynesian politics Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part One Chapters 1,2,3,4. Topic 2: The deregulation of the economy Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part II chapters 5,6 and 7. Topic 3: Neoliberalism and finance Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part III. Topic 4: Macroeconomic policies in the rise and fall of the Golden Age Epstein, J. And Schor, J. Macropolicy in the rise and fall of the Golden Age in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein Topic 5: The Fascist Corporate State. Piero Sraffa's Seminar in Cambridge. The text of Sraffa's seminar is published translated into Italian, as an appendix to the volume: De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Topic 6: The myth of the invisible hand: neoliberalisms Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Editori Laterza 2019 Chapter 7. The macroeconomics of the neoclassical synthesis and Chapter 8 The myth of the invisible hand: neoliberalisms Topic 7: From efficient financial markets to crisis theory Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Laterza Editors 2019 Chapter 7. The macroeconomics of the neoclassical synthesis Chapter 11 From efficient financial markets to crisis theory Topic 8: The History of Public Debt in Italy Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics (reference books) E. De Simone, Storia Economica. Dalla rivoluzione industriale alla rivoluzione informatica, Milano, Franco Angeli, 2019 P. Battilani, F. Fauri, L’economia italiana dal 1945 ad oggi, Bologna, Il Mulino, 2019 I lavori di approfondimento sulla storia delle idee economiche saranno preparati sulla base di parte dei seguenti testi Alessandro Roncaglia, L’età della disgregazione Storia del pensiero economico contemporaneo, Bari, Editori Laterza, 2019 Ernesto Screpanti e Stefano Zamagni Profilo di Storia del Pensiero economico Gli sviluppi contemporanei Carocci editore 2004 B. Happelbaum, Il tempo degli economisti. Falsi profeti, libero mercato e disgregazione della società, Milano, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. Nella bufera del Novecento. Antoni Gramsci e Piero Sraffa tra lotta politica e teoria critica. Hoepli 2017 Carnazza, G. (2021) “La Storia del Debito Pubblico in Italia” in Argomenti	3	SECS-P/04	20	-	-	-	Elective activities	ITA
21210413-2 - History of economic ideas and facts - II mod. - Derived from 21210413-2 Storia delle idee e dei fatti economici - II mod. in Economia L-33 TREZZINI ATTILIO (syllabus) PART ONE The first industrial revolution (1750-1850) 1. Society and economy in the pre-industrial period. The cognitive and agricultural revolutions 2. Economic development 3. The premises of the English industrial revolution: population 4. The premises of the English industrial revolution: agriculture 5. The premises of the English industrial revolution: transport and commerce 6. Leading industries and innovations in Great Britain 7. The English industrial revolution: the problems 8. The second: France and the United States PART TWO The second industrial revolution (1850-1950) 9. The Stages of Growth (1850-1914) 10. The conditions for growth: population 11. The conditions for growth: transport, banks and money 12. Production activities 13. The big business 14. The industrialized countries: Great Britain and France 15. High-growth countries: Germany and the United States 16. Two special cases: Russia and Japan 17. The unification of Italy and the national economy 18. United Italy 19. The First World War and its aftermath 20. The Soviet Union 21. The Great Depression 22. Policies against depression PART THREE THE CONTEMPORARY ECONOMY (1950-2017) 23. A new revolution: demographic problems 24. A new revolution: the productive sectors 25. The reconstruction of the world economy 26. From the Goden Age to the Crisis 27. Neoliberalism and globalization PART FOUR. ITALY FROM 1945 TO TODAY II. Reconstruction and open economy: the strategic choices of the years 1944-1953 III. The golden years of the second globalization: 1953-1973 IV. Italy and the end of the «Golden Age»: interventionist state and Made in Italy V The challenges of the third globalization: 1992-2007 YOU. The Great Crisis of 2008 PART FIVE THE TRANSFORMATION OF INTERNATIONAL ECONOMIC EQUILIBRIA 33. The end of the planned economy: the Soviet Bloc 30. Developed economies: United States and Japan 34. The awakening of Asia 35. Latin America and Africa In-depth studies on the history of economic ideas Within the following volumes, parts will be identified to be used for the preparation of student works Alessandro Roncaglia, The age of disintegration History of contemporary economic thought, Bari, Laterza Editors, 2019 Ernesto Screpanti and Stefano Zamagni Profile of the History of Economic Thought Contemporary developments Carocci editore 2004 B. Happelbaum, The time of economists. False prophets, the free market and the disintegration of society, Milan, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics THE TOPICS IDENTIFIED FOR THE IN-DEPTH WORKS ARE: Topic 1: Milton Friedman and the end of Keynesian politics Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part One Chapters 1,2,3,4. Topic 2: The deregulation of the economy Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part II chapters 5,6 and 7. Topic 3: Neoliberalism and finance Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part III. Topic 4: Macroeconomic policies in the rise and fall of the Golden Age Epstein, J. And Schor, J. Macropolicy in the rise and fall of the Golden Age in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein Topic 5: The Fascist Corporate State. Piero Sraffa's Seminar in Cambridge. The text of Sraffa's seminar is published translated into Italian, as an appendix to the volume: De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Topic 6: The myth of the invisible hand: neoliberalisms Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Editori Laterza 2019 Chapter 7. The macroeconomics of the neoclassical synthesis and Chapter 8 The myth of the invisible hand: neoliberalisms Topic 7: From efficient financial markets to crisis theory Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Laterza Editors 2019 Chapter 7. The macroeconomics of the neoclassical synthesis Chapter 11 From efficient financial markets to crisis theory Topic 8: The History of Public Debt in Italy Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics (reference books) E. De Simone, Storia Economica. Dalla rivoluzione industriale alla rivoluzione informatica, Milano, Franco Angeli, 2019 P. Battilani, F. Fauri, L’economia italiana dal 1945 ad oggi, Bologna, Il Mulino, 2019 I lavori di approfondimento sulla storia delle idee economiche saranno preparati sulla base di parte dei seguenti testi Alessandro Roncaglia, L’età della disgregazione Storia del pensiero economico contemporaneo, Bari, Editori Laterza, 2019 Ernesto Screpanti e Stefano Zamagni Profilo di Storia del Pensiero economico Gli sviluppi contemporanei Carocci editore 2004 B. Happelbaum, Il tempo degli economisti. Falsi profeti, libero mercato e disgregazione della società, Milano, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. Nella bufera del Novecento. Antoni Gramsci e Piero Sraffa tra lotta politica e teoria critica. Hoepli 2017 Carnazza, G. (2021) “La Storia del Debito Pubblico in Italia” in Argomenti	6	SECS-P/12	40	-	-	-	Elective activities	ITA

21201473 - FINAL EXAM

3

20

-

Final examination and foreign language test

ITA

First semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210055 - ECONOMIA AZIENDALE (objectives) In line with the educating objectives of the Degree Course in Economics, the Course of Business Economics aims to provide students with the basic knowledge and tools for understanding the structure and behaviors of economic and production systems, investigating the characteristics and purposes of the different types of entities. The Course also provides the basic tools for the recognition of the accounting aspects of ordinary business management, using the accrual basis of accounting. At the end of the course, the student will have: - developed a complex and varied understanding method of the business phenomena; - become aware of the characteristics, structures and purposes of the main types of entities; - acquired a theoretical framework and an appropriate application capacity; - become confident with the basic categories of the accounting instruments and with the accrual accounting recognition techniques. Group: A - L - MENICUCCI ELISA (syllabus) GENERAL CHARACTERISTICS OF CORPORATE ORGANISATIONS First Part: BUSINESS ADMINISTRATION 1) The firm as an economic entity: General characteristics of the firm. Corporate entities: legal and economic identities. Types of firms. 2) The firm in its economic perspective: The enterprise as an individual economic undertaking: private enterprises and state-owned enterprises. The company’s purpose. Financial and economic stability as a prerequisite of a company’s existence. Economic stability and different types of economic operability. Payment for operating and production inputs used by enterprises. Corporate risk and who bears it. Income and profitability. Information Systems Governance and Internal controls (overview). Planning in business (overview). Second Parte: ACCRUAL ACCOUNTING 3) The organizational structure as part of the decision-making process; management control in modern corporations: Evolution of the corporate organizational models shaping the decision-making structure. Control exercised in corporations by different stakeholders. The planning and control function in modern corporations. 4) Corporate funding: Capital requirements, and how much is needed. Corporate funding: equity and debt capital in their various forms. Funding through cash generation. Capital structure of the company; choice of cost-efficient financing options; the dynamic relationship between equity and debt capital. Short-term capital and long-term financing. MONITORING AND MEASUREMENT OF COMPANY PERFORMANCE 1) The accounting rationale. Nature of data to be examined. Methodologies. The corporate record-keeping system in a broad sense. 2) Accounting practice: The theory of double entry bookkeeping. Double entry bookkeeping applied to manufacturing companies. Bookkeeping entries for general business transactions, initiating joint-stock companies, special transactions (wages and salaries, financial transactions etc…), adjusting entries and year-end closing entries. Practical exercises in applying accounting record-keeping systems and measurement principles to business transactions. (reference books) First Part: Business Administration Paoloni M., Paoloni P. (a cura di), Introduzione ed orientamento allo studio delle aziende, Giappichelli, 2009 Onida, P., Economia d'azienda, Utet, Torino, 1970 Zanda, G., Lineamenti di Economia Aziendale, Edizioni Kappa, Roma, 2006 Second Part: Accrual Accounting Paoloni M., Celli, M. (a cura di), Introduzione alla contabilità generale, CEDAM, 2012 (da pagina 75 a 123; da pagina 137 a 215; da pagina 220 a 243; da pagina 244 a 253; da pagina 255 a 279; da pagina 292 a 299; da pagina 304 a 309; da pagina 321 a 335; da pagina 364 a 377; da pagina 399 a 470). For business administration and accounting exercises: Paoloni M. (a cura di), Mattei G., Paoloni, N., Eserciziario di economia aziendale e contabilità, CEDAM, 2018 Group: M - Z - DEMARTINI PAOLA (syllabus) Syllabus 1) Organisations and entities. General characters: Aims of organisations. "Legal entity" and "economic entity." Various types of organisations 2) Broader characters of an Organisation. Private and public companies. Equilibrium conditions. Possible ways to remunerate resources used by the organisation. The business risk. Income and profit. 3) Funding The need for capital and its determination. Corporate finance, "equity" and "debt capital"; corporate self-financing; the dynamic relationship between "equity" and "debt capital". A corporate' s financial structure. 4) Accounting as a tool for information Logical moments. The nature of facts under investigation. Methods. 5) The accounting recognition Theory of the double-entry accounting. Systematic and comprehensive recording of financial transactions pertaining to a business. (reference books) David Boddy, Management: an Introduction, Financial Times Prentice Hall, 2011 Robert N. Anthony – Leslie K. Breitner, Essentials of Accounting, Prentice Hall, 2007 Slides/teaching notes will be available on the website	9	SECS-P/07	60	-	-	-	Basic compulsory activities	ITA
21210408 - General Mathematics (objectives) The aim of the course is the acquisition of the mathematical method as a fundamental investigative tool for economic, financial and business disciplines. The student will be provided with elementary tools necessary to solve the simplest quantitative problems that arise in the economic, financial and business fields. In particular we will introduce the fundamental concepts of mathematical analysis for functions of one variable necessary to sketch the graph of a function and to solve simple optimal problems, with particular attention to possible economic applications of acquired notions. Elements of integral calculus and linear algebra will also be introduced Group: A - L - VELLUCCI PIERLUIGI (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(c.d.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009. Group: M - Z - MAZZOCCOLI ALESSANDRO (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(w.p.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: -Peccati, Salsa, Squellati. Matematica per l'economia e l'azienda. Egea. - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009.	9	SECS-S/06	60	-	-	-	Basic compulsory activities	ITA
21210054 - MACROECONOMIA (objectives) Acquisition of the basic knowledge of the economic system as a whole, through an educational program that includes both lectures and practical classes. The first part of the course will introduce students to the basic knowledge of macro-economic magnitudes and variables: domestic product, aggregate consumption and investment, employment and unemployment, the general price level, public budget and international commercial flows. In the following part of the course, students will explore and compare the main theoretical interpretations of the working of the macro-economic system and their policy prescriptions. Group: A - L - PALUMBO ANTONELLA (syllabus) 1. National accounting system: basic defintions and identities. Main macroeconomic indicators 2. Keynes’s theory: aggregate demand and equilibrium output 3. Keynes’s theory: money and interest 4. The IS-LM model 5. The AS-AD model 6. Inflation and unemployment 7. Macroeconomics of the European Union 8. Money: creation and control (reference books) Compulsory material: 1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications) 2) Additional teaching material (lecture notes, etc, available on the website) Group: M - Z - Potestio Maria Paola (syllabus) The course consists of three modules First module: • National Accounts • Aggregate demand. Income multipliers • The IS-LM model Second module: • Aggregate demand in an open economy • The IS-LM model in an open economy Third module: • The labour market • The AD-AS model • The natural rate of unemployment and the Phillips curve • Inflation, production and money growth. The quantity theory of money • Introduction to growth models (reference books) Olivier Blanchard, Alessia Amighini, Francesco Giavazzi MACROECONOMIA. Una prospettiva europea Editore Il Mulino	9	SECS-P/01	60	-	-	-	Basic compulsory activities	ITA
21210411 - English Language (objectives) Refer to 'University Language Centre' http://www.cla.uniroma3.it/	5	L-LIN/12	-	-	30	-	Final examination and foreign language test	ENG
21201322 - INFORMATICS (objectives) • Provide the methodological and application knowledges in the fundamental areas of the computer science for the efficient use of the digital systems • Provide the competences for the correct use of the most popular application software. - BENEDETTO FRANCESCO	1	INF/01	25	-	-	-	Other activities	ITA

Second semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210409 - Public Law (objectives) The course aims to introduce the student to the knowledge of the Italian legal system, in its fundamental and characterizing elements, with in-depth analysis of the issues related to the management and organization of public authorities and public functions in relation to the community of citizens, institutional aspects and the dynamics of power management with particular regard to forms of participation within local, national and supranational systems. Group: A - L - ATRIPALDI MARIANGELA (syllabus) The program includes: Introduction to law Forms of State and forms of Government Beyond the State: the EU The sources of law Parliament and its functions Institutes of direct democracy The abrogative referendum. The Government and its functions The President of the Republic and his attributions Principles on the subject of Administration The other organs Local ordering Rights and freedom The economic Constitution Judicial power Constitutional Justice (reference books) It is recommended the study of one of the following books: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, latest edition P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, latest edition F. Modugno (a cura di), Diritto Pubblico, Torino, Giappichelli, latest edition C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, latest edition Group: M - Z - MAROTTA EGIDIO (syllabus) The Public Law course is divided into two modules. Module I covers the following topics: theory of social groups; the normative social groups; the structure of the legal system; power and its species; power-sharing techniques; the forms of exercise of power: the legal norm and the provision; subjects; interests; the goods; subjective legal situations; the legal facts; human behaviors; the legal effects; the responsability; the regulatory levels of government (international, European Community, state, local); the organization of public authorities; public functions (political direction, regulation, administration, jurisdiction). The II Module deals with the Italian legal system and the regulatory principles of its political, legislative, administrative and jurisdictional activity. (reference books) For preparation for Modules I and II we recommend studying a manual chosen from the following: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, ult. ed. C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, ult. ed. P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, ult. ed.	9	IUS/09	60	-	-	-	Basic compulsory activities	ITA
21210056 - MICROECONOMIA (objectives) The course aims to introduce concepts and arguments that are the basis of the analysis of economic theory, with particular reference to the explanation of commodity relative prices and the functional distribution of income (wages, profits and rents). The course addresses these issues by providing students with a pluralistic and critical view. In fact, the fundamental elements of the two main approaches to value and distribution are presented and compared: the surplus or classical approach and the marginalist or neoclassical theory. The study also includes the different relationships that both approaches establish between prices and levels of production and employment of resources, both at the aggregate level and at the level of individual production units. Group: A - L - CICCONE ROBERTO (syllabus) 1. Production and prices: general elements The production process. Production methods and their representation. The social production process. Economy of mere subsistence. Economy producung surplus. Basic and non-basic goods. 2. Fundamentals of the classical theory of distribution and relative prices The real wage and other circumstances taken as given in the 'core' of the theory. The concept of social surplus. Profits and general profit rate. Distinction and relationship between "normal" and "market" prices. Price equations: simultaneous determination of profit rate and relative prices. Importance and limits of the solutions to the problem attempted by Ricardo and Marx. The inverse wage-profit relationship. The theory of rent. 3. Fundamentals of the marginalist theory of distribution and relative prices The data of the theory. Consumer theory. Functions of consumption good demand. Production theory. Direct and indirect substitutability as analytical bases for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with the classical theory of distribution. Implications of general economic equilibrium: full employment of available resources; Pareto optimality; efficiency in exchange; efficiency in production; efficiency in the combination of outputs. The notion of capital as a single productive factor and the difficulties that derive from it (mention). 4. Analysis of the single industry and market forms The analysis of "partial" equilibrium. Short and long term cost curves of the individual enterprise. Equilibrium of enterprise and industry under competitive conditions, in the short and long period. Quantity produced and price, in the short and long period, in monopoly and monopolistic competition. The oligopoly: Cournot model. (reference books) "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1 "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 "La teoria marginalista della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.3 Materials (audio slides) distributed by the teacher With regard to the other text adopted, the chapters and paragraphs included in the programme are set out below, with reference to the latest edition (2017). Robert H. Frank e Edward Cartwright, Microeconomia Milano: McGraw-Hill, VII edizione, 2017 Capitoli e paragrafi in programma: Capitolo 3, La scelta razionale del consumatore, p. 51 {paragrafi: 3.1, 3.2, 3.3, 3.4; Appendice 3} Capitolo 4, La domanda individuale e la domanda di mercato, p. 93 {paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7} Capitolo 5, Le applicazioni delle teorie della scelta razionale e della domanda, p. 137 {limitatamente a: paragrafo 5.7; Appendice 5} Capitolo 9, La produzione, p. 267 {intero capitolo, inclusa Appendice 9} Capitolo 10, I costi, p. 297 {intero capitolo, esclusa Appendice 10} Capitolo 11, La concorrenza perfetta, p. 333 {paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.9, 11.12, 11.13} Capitolo 12, Il monopolio, p. 377 {paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6, 12.8} Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi, p. 427 {paragrafi: 13.1, 13.2, 13.4 limitatamente al sotto-paragrafo 13.4.1} Capitolo 15, L'equilibrio generale e l'efficienza dei mercati, p. 523 {paragrafi: 15.1, 15.2, 15.3, 15.4, 15.6,15.7 Group: M - Z - FRATINI SAVERIO MARIA (syllabus) Elements of the theory of production - inputs, outputs and production methods - the subsistence economy - the economy with a surplus The surplus approach to commodity value and income distribution - the relevance of social and institutional elements to income distribution - the explanation of the real wage rate - the "core" of the classical approach - the link between profit rate and relative prices - the price equations - the classical theory of rent The theory of consumer choice - budget set and budget constraint - preferences - consumer choice - consumer-good demand curves The theory of firm choice - the function of production - profit maximisation - isoquants and isocosts - the output expansion path and long-term cost curves Production factors and the marginalist explanation of income distribution - marginal and average productivity of factors - the demand curves of factors of production - equilibrium between supply and demand for factors of production Market forms - perfect competition - monopoly - Cournot oligopoly - Stackelberg oligopoly Introduction to the welfare economics - allocations and Edgeworth box - Pareto improvements and Pareto optima - first theorem of welfare economics (reference books) i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini). iv) Frank Robert H.; Cartwright Edward; Piras R. (cur.). Microeconomia. McGraw-Hill Libri Italia, Milano. 2017. v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210410 - Statistics (objectives) The course aims at providing students with specific competences in sampling tecniques and statistical data analysis. Particular relevance is given to probability and inference, as the course means to provide students with the necessary tools for supporting decisional processes through the management of data bases and the use of statistical models. Group: A - L - CONIGLIANI CATERINA (syllabus) An introduction to the fundamental ideas of statistics. Topics include: Descriptive statistics: graphical summaries of data, measuring the center of quantitative data (mode, median, mean), measuring the variability of quantitative data (standard deviation, variance), simmetry of a distribution (Fisher coefficient), the association between two variables (chi-square), the association between two quantitative variables (covariance, correlation coefficient). Probability: probability of events (probability of the complement of an event, of the union and intersection of two events, conditional probability, independent events, Bayes theorem), discrete and continuous random variables (the Bernoully r.v., the Binomial r.v., the Poisson r.v., the Normal r.v., the Student t r.v., che Chi-square r.v.). Inferential statistics: sample versus population, sampling distributions, point and interval estimates of population parameters, confidence intervals for a population mean and a proportion, significance tests about hypotheses on a population mean and a proportion, p-values, Chi-square tests for testing for independence and normality. Regression analysis: the regression line, ordinary least squares, describing the strength of the association, nonlinear regression models, confidence intervals and tests on the parameters of the regression line, prediction. (reference books) G.Cicchitelli, P.D'Urso, M.Minozzo. Statistica: principi e metodi. Pearson, terza edizione (2017): Chap. 1 (excluding 1.12), Chap. 2 (excluding 2.4, 2.5, 2.6), Chap. 3 (excluding 3.5, 3.6, 3.7), Chap. 4 (excluding 4.3, 4.4, 4.5, 4.6), Chap. 5 (excluding 5.3, 5.6, 5.7, 5.8), Chap. 6 (excluding 6.3), Chap. 9 (excluding 9.4), Chap. 10 (excluding 10.6), Chap. 11 (excluding 11.2.2), Chap. 12, Chap. 13, Chap. 14 (excluding 14.6, 14.7)],Chap. 17 (excluding 17.7.1), Chap.18 (excluding 18.3.1), Chap. 19 (excluding 19.5), Chap. 20 (excluding 20.5, 20.6), Chap. 22 (excluding 22.2.2), Chap. 23 (excluding 23.8). A collection of exercises by the teacher is available to students on Moodle. Group: M - Z - TERZI SILVIA (syllabus) descriptive statistics variables and their measurement univariate distributions describing data with tables and graphs measures of position variability bivariate descriptive statistics independence, association, correlation probability distributions for discrete and continuous variables sampling distributions Inference: estimation hypothesis test (reference books) A. Agresti, B. Finlay Statistical methods for the social sciences Pearson International Edition - 4th edition 2009	9	SECS-S/01	60	-	-	-	Core compulsory activities	ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21210071 - BILANCIO (objectives)

Group: A - L

- Ciaburri Mirella (syllabus) (reference books)

Group: M - Z

- DELLO STROLOGO ALBERTO

9

SECS-P/07

60

-

Core compulsory activities

ITA

21201495 - PUBLIC FINANCE (objectives)

Group: AL

- Derived from 21201495 SCIENZA DELLE FINANZE in Economia L-33 A - L CRESPI FRANCESCO (syllabus) (reference books)

Group: MZ

- Derived from 21201495 SCIENZA DELLE FINANZE in Economia L-33 M - Z LIBERATI PAOLO (syllabus) (reference books)

9

SECS-P/03

60

-

Core compulsory activities

ITA

21210072 - DIRITTO PRIVATO (objectives)

Group: A - L

- MACIOCE FRANCESCO (syllabus) (reference books)

Group: M - Z

- LONGOBUCCO FRANCESCO (syllabus) (reference books)

9

IUS/01

60

-

Related or supplementary learning activities

ITA

Optional group: Economia e commercio - 2° anno - un esame a scelta: - (show)

9

21210160 - FINANCIAL REPORTING ANALYSIS

Group: A - L

- Derived from 21210160 ANALISI DI BILANCIO in Economia e gestione aziendale L-18 A - L TUTINO MARCO (syllabus) (reference books)

Group: M - Z

- Derived from 21210160 ANALISI DI BILANCIO in Economia e gestione aziendale L-18 M - Z MANNI FRANCESCO (syllabus) (reference books)

9

SECS-P/07

60

-

Core compulsory activities

ITA

Optional group: Economia e commercio - 2° anno - un esame a scelta: - (show)

9

21201505 - STATISTICS FOR ECONOMICS (objectives)

Group: A - L

- BARBIERI MARIA MADDALENA (syllabus) (reference books)

Group: M - Z

- BARBIERI MARIA MADDALENA (syllabus) (reference books)

9

SECS-S/01

60

-

Core compulsory activities

ITA

Optional group: Economia e commercio - 2° anno - un esame a scelta tra: - (show)

9

21210130 - Monetary theory, institutions and policy (objectives)

- Derived from 21210130 Monetary theory, institutions and policy in Scienze Economiche LM-56 LEVRERO ENRICO SERGIO (syllabus) (reference books)

9

SECS-P/01

60

-

Core compulsory activities

ITA

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201481 - ECONOMIC POLICY (objectives)

Group: A - L

- SCARLATO MARGHERITA (syllabus) (reference books)

Group: M - Z

- SALVATICI LUCA (syllabus) (reference books)

- GIUA MARA (syllabus) (reference books)

9

SECS-P/02

60

-

Core compulsory activities

ITA

Optional group: Economia e commercio - 2° anno - un esame a scelta: - (show)

9

21210073 - ECONOMIA E GESTIONE DELLE IMPRESE (objectives)

- ADDIS MICHELA (syllabus) (reference books)

9

SECS-P/08

60

-

Core compulsory activities

ITA

Optional group: Economia e commercio - 2° anno - un esame a scelta: - (show)

9

21210028 - Matematica per le applicazioni economiche (objectives)

- MASTROENI LORETTA CLARA LETIZIA (syllabus) (reference books)

9

SECS-S/06

60

-

Core compulsory activities

ITA

Optional group: Economia e commercio - 2° anno - un esame a scelta tra: - (show)

9

21201503 - INTERNATIONAL ECONOMICS (objectives)

- Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche LM-56 TREZZINI ATTILIO (syllabus) (reference books)

9

SECS-P/01

60

-

Core compulsory activities

ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201518 - COMMERCIAL LAW (objectives)

Group: A - L

- Derived from 21201518 DIRITTO COMMERCIALE in Economia e gestione aziendale L-18 AL VALENSISE PAOLO

Group: M - Z

- Derived from 21201518 DIRITTO COMMERCIALE in Economia e gestione aziendale L-18 MZ DI CECCO GIUSTINO (syllabus) (reference books)

9

IUS/04

60

-

Related or supplementary learning activities

ITA

Optional group: Economia e commercio - 3° anno - un esame a scelta tra: - (show)

9

Optional group: Economia e commercio - 3°anno - due insegnamenti a scelta tra: - (show)

18

21201486 - FINANCIAL INTERMEDIATION AND MARKETS (objectives) The Course aims to provide the basic knowledge for study of financial systems, observing the following main components: instruments, markets and financial intermediaries. It is the first economic-business learning step on these aspects. Group: A - D - Derived from 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 A - D CARATELLI MASSIMO (syllabus) The course aims, first of all, to provide an overview of the role and the main functions of the financial system. The central part of the course is dedicated to an analysis of the technical characteristics and of the economic and management profiles of financial instruments and markets. Finally, the course presents the objectives as well as the organization and the behavioral models of financial intermediaries, also considering the role of regulation and supervision. 1. Real economy, financial system and financial intermediation 2. Theory of financial intermediation 3. Financial instruments 4. Financial markets 5. Banking 6. Investment services and asset management 7. Insurance 8. Payment systems 9. Risks in financial intermediation 10. Regulation and supervision 11. Monetary policy (reference books) Mishkin F.S., Eakins S.G. (2018), Financial Markets and Institutions, ninth edition, Pearson. Group: E - O - Derived from 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 E - O FIORDELISI FRANCO, CARBONI MARIKA (syllabus) The course offers an overview of the roles and main functions of the financial system in a modern economy. The course covers the analysis of financial instruments and markets as well as the objectives, the organization and the management of financial intermediaries. The role of regulation and supervision is covered in the final set of lectures. 1. Real economy, financial system and financial intermediation 2. Theory of financial intermediation 3. Financial instruments 4. Financial markets 5. Banking 6. Investment services and asset management 7. Insurance 8. Payment systems 9. Risks in financial intermediation 10. Regulation and supervision 11. Monetary policy (reference books) Mishkin F.S., Eakins S.G. (2018), Financial Markets and Institutions (global edition), first edition, Pearson. Group: P - Z - Derived from 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 P - Z STENTELLA LOPES FRANCESCO SAVERIO (syllabus) Introduction. Banking intermediation theories The real system and the financial system Functions and structure of the financial system The typical risks of financial intermediaries (1) The typical risks of financial intermediaries (2) Financial instruments and their classification Payment instruments Debt instruments elements of yield and risk assessment Debt instruments: review Participation instruments Insurance instruments and derivative instruments Insurance instruments and derivative instruments: review Financial markets. The architecture of financial supervision Securities intermediation and its regulation Securities intermediation and its regulation (reference books) Nadotti, L., Porzio, C., Previati, D. (2022). Economia degli intermediari finanziari. McGraw-Hill, Quarta Edizione	9	SECS-P/11	60	-	-	-	Related or supplementary learning activities	ITA
21201530 - BUSINESS MANAGEMENT (objectives) GOALS of the course The course aims to reach the following goals: - to highlight the peculiariaties of the "Organization" as a field of study and the specialized studies of "Business Organization"; - to provide some essential cognitive elements for dealing with the study of organizational literature and its evolution; - to develop and to deepen the main thematic areas which, according to the distinction adopted in the mainstream approach, refer to the teaching of Business Organization, i.e. organizational design. In particular, the following organizational design choices will be analyzed in detail: work organization, work processes (intra-organizational relationships design), business structures, information systems and organizational boundaries (inter-organizational relationships design). - frame the problems of "personnel management" and "management of organizational change" (issues that are the subject of in-depth study in the teaching of organization of master's or graduate’s degree courses); - offer to students the opportunity to take advantage of tools for the analysis of the reality and to improve their ability to intervene on realities, tackling the study of both texts (produced by important authors of organizational theory) and business cases that highlight organizational issues and practices adopted for their resolution. The teaching will be addressed through traditional teaching methods (frontal lessons) useful for framing the complexity of the topics covered, accompanied by exercises, team and individual work carried out by the students, company testimonies and case analysis, aimed at presenting the student with the variety of concrete practices and to stimulate reflection on the articulation of the organizational choices to be faced. - Derived from 21201530 ORGANIZZAZIONE AZIENDALE in Economia e gestione aziendale L-18 (docente da definire)	9	SECS-P/10	60	-	-	-	Related or supplementary learning activities	ITA

Optional group: Economia e commercio - 3 anno - due insegnamenti a scelta tra (allegato1): - (show)

18

21201500 - ADMINISTRATIVE LAW (objectives) The course explores the main topics of administrative law: organization and structures of public administration, privatization of public bodies and services. Much attention will be paid to civil service issues and management discipline; administrative procedures under rule of law, discretion, fairness, and regulatory unreasonableness. The student must achieve: 1) knowledge of the general theory of administrative law; 2) knowledge of the traditional approach of administrative law studies; 3) awareness of the significant changes in the reference regulatory framework concerning the public administration. - LAZZARA PAOLO	9	IUS/10	60	-	-	-	Elective activities	ITA
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. - Derived from 21201492 ECONOMIA PUBBLICA in Economia dell'ambiente e dello sviluppo LM-56 LIBERATI PAOLO (syllabus) 1) Welfare state; 2) Public utilities and regulation policies; 3) Fiscal federalism; 4) The theory of public debt; 5) European fiscal policies (reference books) Bosi P. (2019), Corso di Scienza delle Finanze, capitoli IV, V, VI, VII, VIII, Il Mulino, Bologna, Eighth edition. Additional material will be available during lectures.	9	SECS-P/03	60	-	-	-	Elective activities	ITA
21201530 - BUSINESS MANAGEMENT (objectives) GOALS of the course The course aims to reach the following goals: - to highlight the peculiariaties of the "Organization" as a field of study and the specialized studies of "Business Organization"; - to provide some essential cognitive elements for dealing with the study of organizational literature and its evolution; - to develop and to deepen the main thematic areas which, according to the distinction adopted in the mainstream approach, refer to the teaching of Business Organization, i.e. organizational design. In particular, the following organizational design choices will be analyzed in detail: work organization, work processes (intra-organizational relationships design), business structures, information systems and organizational boundaries (inter-organizational relationships design). - frame the problems of "personnel management" and "management of organizational change" (issues that are the subject of in-depth study in the teaching of organization of master's or graduate’s degree courses); - offer to students the opportunity to take advantage of tools for the analysis of the reality and to improve their ability to intervene on realities, tackling the study of both texts (produced by important authors of organizational theory) and business cases that highlight organizational issues and practices adopted for their resolution. The teaching will be addressed through traditional teaching methods (frontal lessons) useful for framing the complexity of the topics covered, accompanied by exercises, team and individual work carried out by the students, company testimonies and case analysis, aimed at presenting the student with the variety of concrete practices and to stimulate reflection on the articulation of the organizational choices to be faced. - Derived from 21201530 ORGANIZZAZIONE AZIENDALE in Economia e gestione aziendale L-18 (docente da definire)	9	SECS-P/10	60	-	-	-	Elective activities	ITA
21210160 - FINANCIAL REPORTING ANALYSIS Group: A - L - Derived from 21210160 ANALISI DI BILANCIO in Economia e gestione aziendale L-18 A - L TUTINO MARCO (syllabus) Three modules are scheduled. Module I –Accounting, Basic Review of basic corporate financial reports and disclosures that serve as inputs to valuation analysis. Module II – Financial Statement Analysis Analysis of financial ratios to measure financial risks and returns; analysis of financial disclosures to identify red flags of potential distress or earnings manipulation; Module III – Financial Statement Analysis and Debt Sustainability The module is divided into three interconnected sub-modules. Sub-module A addresses the issue of capital structure, with reference to debt monitoring tools in the context of financial restructuring as well as post-restructuring alternatives. Sub-module B analyzes the criteria and the new guidelines for assessing the creditworthiness of a company, focusing on the tools and techniques for analyzing company data as well as on alert indicators for monitoring company financial dynamics. Sub-module C proposes an in-depth analysis on derivative instruments for hedging purposes in the financial statements of companies, taking into account the assessments necessary to verify their effectiveness. The valuation elements in the absence of listing on the markets as regards unlisted bonds are the subject of in-depth analysis. Classroom exercises are planned. (reference books) Course material E-Book to download from course website (Moodle) Key reading list Sutton T (last edition), Corporate Financial Accounting & Reporting, Prentice Hall Damodaran A. (last edition), Damodaran on Valuation: Security Analysis for Investment and Corporate Finance, Wiley Finance Tutino M., Ranciaro V. (2020), Innovation in Financial Restructuring. Focus on Signals, Processes and Tools, Sumy, Ukraine, Virtus Interpress Group: M - Z - Derived from 21210160 ANALISI DI BILANCIO in Economia e gestione aziendale L-18 M - Z MANNI FRANCESCO (syllabus) Introduction Part One. The business analysis: indexes and flows First Section. The financial statement ratio analysis The logical and accounting process of the financial statements. The financial statements: the purpose of ratio analysis The reinterpretation of the balance sheet for the purpose of financial analysis / balance sheet The reinterpretation of the income statement to profitability analysis purposes The asset analysis of the aspect: the organic framework of the quotients of capital structure The financial analysis of the aspect: the organic framework of financial ratios The profitability analysis: the organic framework of the income ratios The weighted ratios Section Two. The analysis of financial flows The funds flow The statement of changes in total financial resources The cash flow statement of changes in net working capital The financial statements of the liquidity fluctuations Part Two - The economic capital Purposes and subject positions in the company's assessments Direct methods of evaluation of the economic capital Theoretical indirect methods of estimating The simplified income methods The balance sheet methods The mixed evaluation 'methods' Application (reference books) Recommended reading Part One: G. Paolucci, Analisi di bilancio e finanziaria. Logica, finalità e modalità applicative, Franco Angeli, quinta edizione, 2021 ( o in alternativa G. Ferrero – F. Dezzani – P. Pisoni – L. Puddu, Le analisi di bilancio – indici e flussi, Giuffrè). F. Manni – A. Faccia, Financial Accounting, ARACNE, 2019. Part Two: G. Zanda. - M. Lacchini - T. Onesti, La valutazione delle aziende, Giappichelli.	9	SECS-P/07	60	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

Optional group: Economia e commercio - 3° anno - un esame a scelta tra: - (show)

9

21201580 - LABOUR LAW (objectives)

- CIUCCIOVINO SILVIA (syllabus) (reference books)

9

IUS/07

60

-

Core compulsory activities

ITA

Optional group: Economia e commercio - 3°anno - due insegnamenti a scelta tra: - (show)

18

21210190 - Finanza aziendale

- MORRESI OTTORINO (syllabus) (reference books)

9

SECS-P/09

60

-

Related or supplementary learning activities

ITA

Optional group: Economia e commercio - 3 anno - due insegnamenti a scelta tra (allegato1): - (show)

18

21210029 - Stage	9		-	-	-	-	Elective activities	ITA
21201580 - LABOUR LAW (objectives) Course objectives relate to learning the fundamentals of labour law with regard to both work-employment relationship both in the private and the public sector. The course also aims at the acquisition of the principles and basic concepts of industrial relations and trade unione law. - Derived from 21201580 DIRITTO DEL LAVORO in Economia L-33 CIUCCIOVINO SILVIA (syllabus) The course consists of two teaching modules. The first module concerns the general part and trade union law (Introduction to the study of labor law). The boundaries and the meaning of labor law. Historical evolution and current trends. Sources. Constitutional principles. European sources and international aspects of Trade union law. Trade union freedom and Trade Union Organization. Union rights and their protection with particular reference to art. 28 of the Workers’ Statute. The collective agreement: the structure of collective bargaining, the negotiability and effectiveness of the collective agreements at different levels, the relationship between law and collective agreement. The strike and other forms of union struggle; the strike in essential public services. The second module concerns the employment relationship: the employment contracts (subordinate, autonomous, coordinated). The flexible contractual forms. The forms of indirect acquisition of work. The subordinate employment contract: the subjective and objective requirements. The obligations of the employer: collaboration, diligence, obedience, loyalty. The powers of the employer. The protection of the person, of dignity and freedom of workers. The prohibitions of discrimination. Worker’s rights: pay, holidays, rest, leave, right to health and safety. The content of the work performance: the tasks, the working hours. The end of the employment relationship: individual dismissals. The enterprise crisis and excess staff: earning redundancy fund, solidarity contracts, transfer of the undertaking, collective dismissals. The protection of the employer’s rights; waivers and transactions; limitation. The employment services and the worker’s protection on the labor market. (reference books) G. Santoro Passarelli, Diritto dei lavori e dell'occupazione - GIAPPICHELLI- Ultima edizione 2022	9	IUS/07	60	-	-	-	Elective activities	ITA
21201524 - TAXATION LAW (objectives) The course aims to provide students with elements of the Italian tax system; in a case in which we are dealing with processes in which, instead, we focus on the analysis of the system of individual taxes. Evaluation method: the students of the course are evaluated on the basis of exams, they have been evaluated based on the theoretical preparation. - Derived from 21201524 DIRITTO TRIBUTARIO in Economia e gestione aziendale L-18 N0 MARINI GIUSEPPE (syllabus) GENERAL The notion of tax and the classification of taxes The tax law The sources of tax law The integrity of the norm in time and space The interpretation of the tax law The constitutional principles Abuse of tax law and tax avoidance The tax report and its subjects Instrumental obligations The investigation The assessment Collection The refund Sanctions Jurisdictional protection SPECIAL The star system in Italy The income tax The IRES The IRAP The registration tax Inheritance and gift tax The IMU (reference books) AA.VV., Fondamenti di diritto tributario, Wolters Kluwer, 2020 studiare da pag 3 a pag. 192; da pag. 217 a 230; da pag. 243 a 249; da pag. 265 a 336 (in particolare capitoli 1, 2, 3, 4 sezione I, capitolo 4 sezione II da Sintesi introduttiva fino al paragrafo 4 incluso, paragrafo 7, paragrafo 10, capitolo 5).	9	IUS/12	60	-	-	-	Elective activities	ITA
21201501 - LABOUR ECONOMICS (objectives) The course will highlight the macro and microeconomic peculiarities of the labor market. It will analyze the determinants of the level of employment and its composition, the relationship between unemployment and the rate of inflation, the determinants of the wage rate and wage differentials, the relationship between wages and labour productivity. As regards the recent evolutionary phenomena of the labour market, the course aims to analyze their quantitative and qualitative aspects and the implications for economic policy. In particular, it will focus on the evolution of the employment structure and labour underemployment, on full employment policies, on welfare systems, and on income support measures. - LEVRERO ENRICO SERGIO (syllabus) I. THE LABOUR MARKET - The peculiarity of the labour market - Changes in employment and its composition - The measure of labour unemployment and underemployment - Time and piece wages - Wage differentials - The share of wages in national income - Trade unions and collective bargaining II. THEORETICAL MODELS - The neoclassical theory of wages and employment - Employment and wages in the Keynesian model - The IS-LM model - From the Beveridge curve to the Phillips curve - The interpretations of the Phillips curve - The search theory and the theory of human capital - The new-Keynesian economics - Imperfection competition, NAIRU and distributive conflict - Alternative theories of wages and employment - Subsistence wage, surplus wage and the competition in the labour market III..EMPIRICAL ANALYSIS AND LABOUR POLICIES - The European strategy for employment - The reforms of the labour market in Italy and Europe - Welfare systems and financial capitalism - Measures against poverty: basic income and schemes of job-guarantee - Wages and labour productivity - Wage share and employment - Potential output, NAIRU and structural deficit - Innovations, productivity and working time (reference books) P. Tridico, ECONOMIA DEL LAVORO. Analisi macroeconomica, evidenze empiriche e politiche del lavoro" Mondadori Università, 2019. ES. Levrero, Lectures slides and notes	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21201526 - INDUSTRIAL ECONOMICS (objectives) To understand the functioning of markets different from perfect competition (monopoly, oligopoly, imperfect competition) and of the strategies used by firms operating in such markets, also with the analysis of theories of firm different from the neoclassical model studied in the class of microeconomics; to acquire the basic knowledge about antitrust policies, policies for the regulation of natural monopolies and industrial policies - PIERUCCI ELEONORA (syllabus) 1. Concetti fondamentali a. Organizzazione industriale: cosa, come e perché (cap.1) b. Fondamenti di microeconomia (cap.2) c. Struttura di mercato e potere di mercato (cap.3) d. Tecnologia e costi di produzione (cap.4) 2. Il potere di monopolio a. Discriminazione di prezzo e monopolio: i prezzi lineari e non lineari (capp. 5 e 6) 3. Oligopolio e interazione strategica a. Concorrenza alla Cournot (cap. 8) b. Concorrenza dei prezzi (cap. 9) c. Concorrenza e decisioni sequenziali (cap. 10) 4. Strategie anticompetitive a. Prezzo limite e deterrenza all’entrata (cap. 11) b. Comportamento predatorio (cap. 12) c. Collusione e giochi ripetuti (cap. 13) 5. Relazioni contrattuali tra imprese a. Fusioni (cap. 15) b. Restrizioni verticali legate al prezzo (cap. 16) 6. Concorrenza non di prezzo a. Pubblicità, potere di mercato, concorrenza e informazione (cap. 17) (reference books) Libro di testo: Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari "Organizzazione Industriale" terza edizione, Mc Graw Hill Education	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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, Undicesima Edizione Pearson, 2020.	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21210190 - Finanza aziendale - MORRESI OTTORINO (syllabus) The most important topics of the course are as follows: 1. Business forms, separation between ownership and control, stock markets 2. Annual reports, balance sheet analysis and financial decision making 3. Net present value, the separation between consumption and investment, the law of one price, arbitrage 4. Time value of money, interest rates, cost of capital 5. Capital budgeting: cash flow estimation, DCF method, IRR, and alternative methods for valuing investments 6. Methods for estimating the price of stocks 7. Risk measures 8. Mean-variance models, portfolio diversification and the risk-return relationship 9. Capital asset pricing model (CAPM), beta and cost of capital 10. Capital structure and firm value in perfect markets (Modigliani and Miller theorems) 11. Debt and taxes 12. Bankruptcy costs, agency costs of debt and information asymmetries 13. Capital structure of Italian firms and international comparison 14. Weighted average cost of capital and adjusted present value (APV) 15. Capital budgeting with differrent capital structure policies (reference books) − Berk, J., DeMarzo, P., 2018. Finanza aziendale 1 - Fondamenti, Pearson, 4th edition, Chapters 1, 2, 3 (with Appendix), 4 (with Appendix), 5 (excluding Appendix), 7 (with Appendix), 8 (excluding section 8.5), 9 (with Appendix), 10, 11 (excluding Appendix), 12 (excluding section 12.4, with Appendix), 14, 15, 16, 18 (excluding section 18.4, with Appendix).	9	SECS-P/09	60	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali
21210176-1 - modulo base - Derived from 21210176-1 modulo base in Economia L-33 GIUA MARA (syllabus) Introduction to the United Nations 2030 Agenda for Sustainable Development Analysis of the 17 SDGs (Sustainable Development Goals) and some relevant topics connected to them Critical discussion of the structure of the 2030 Agenda and the links between its various objectives, both in terms of synergies and possible conflicts Insights on specific topics and tools for measuring targets (reference books) Testo dell’Agenda 2030 https://asvis.it/l-agenda-2030-dell-onu-per-lo-sviluppo-sostenibile/ ASVIS. Rapporto 2022. L’Italia e gli Obiettivi di Sviluppo Sostenibile ASVIS. Il Piano Nazionale di Ripresa e Resilienza #NextGenerationItalia e lo sviluppo sostenibile ASVIS. L’evoluzione delle regioni italiane rispetto agli Obiettivi di sviluppo sostenibile ASVIS. Obiettivi di sviluppo sostenibile e politiche europee ASVIS. I territori e gli Obiettivi di sviluppo sostenibile Giovannini, E. La rivoluzione dei big data a sostegno dell'Agenda 2030, rivisteweb, ISSN: 1594-7580, Il Mulino pp. 64-69, DOI: 10.1406/83553, 2016. https://www.rivisteweb.it/doi/10.1406/83553 Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	3		20	-	-	-	Elective activities	ITA
21210176-2 - modulo avanzato - Derived from 21210176-2 modulo avanzato in Economia L-33 DE MURO PASQUALE, GIUA MARA (syllabus) The course will address the following themes: - What is sustainable development? - Presentation and critical discussion of the 2030 Agenda: antecedents, principles, general objectives, trade-offs and synergies - The 17 Sustainable Development Goals, their targets, and some connected relevant topics - The official indicators for each target and the Global Database of indicators - Insights on specific issues and on tools for measuring targets - Analysis of global and regional trends - Case-studies (reference books) The full text of 2030 Agenda, that can be downloaded for free from the following website: https://sustainabledevelopment.un.org/content/documents/21252030%20Agenda%20for%20Sustainable%20Development%20web.pdf The latest "UN Sustainable Development Goals Report" (published yearly), that can be downloaded for free from the following website: https://unstats.un.org/sdgs/report/2022/ The latest "UN Global Sustainable Development Report", that can be downloaded for free from the following website: https://sdgs.un.org/gsdr The latest "ISTAT SDGs Report. Statistical information for 2030 Agenda in Italy" (published yearly), that can be downloaded for free from the following website: https://www.istat.it/en/archivio/sdgs+report Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	6	SECS-P/02	40	-	-	-	Elective activities	ITA

21201473 - FINAL EXAM

3

20

-

Final examination and foreign language test

ITA

First semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210055 - ECONOMIA AZIENDALE (objectives) In line with the educating objectives of the Degree Course in Economics, the Course of Business Economics aims to provide students with the basic knowledge and tools for understanding the structure and behaviors of economic and production systems, investigating the characteristics and purposes of the different types of entities. The Course also provides the basic tools for the recognition of the accounting aspects of ordinary business management, using the accrual basis of accounting. At the end of the course, the student will have: - developed a complex and varied understanding method of the business phenomena; - become aware of the characteristics, structures and purposes of the main types of entities; - acquired a theoretical framework and an appropriate application capacity; - become confident with the basic categories of the accounting instruments and with the accrual accounting recognition techniques. Group: A - L - MENICUCCI ELISA (syllabus) GENERAL CHARACTERISTICS OF CORPORATE ORGANISATIONS First Part: BUSINESS ADMINISTRATION 1) The firm as an economic entity: General characteristics of the firm. Corporate entities: legal and economic identities. Types of firms. 2) The firm in its economic perspective: The enterprise as an individual economic undertaking: private enterprises and state-owned enterprises. The company’s purpose. Financial and economic stability as a prerequisite of a company’s existence. Economic stability and different types of economic operability. Payment for operating and production inputs used by enterprises. Corporate risk and who bears it. Income and profitability. Information Systems Governance and Internal controls (overview). Planning in business (overview). Second Parte: ACCRUAL ACCOUNTING 3) The organizational structure as part of the decision-making process; management control in modern corporations: Evolution of the corporate organizational models shaping the decision-making structure. Control exercised in corporations by different stakeholders. The planning and control function in modern corporations. 4) Corporate funding: Capital requirements, and how much is needed. Corporate funding: equity and debt capital in their various forms. Funding through cash generation. Capital structure of the company; choice of cost-efficient financing options; the dynamic relationship between equity and debt capital. Short-term capital and long-term financing. MONITORING AND MEASUREMENT OF COMPANY PERFORMANCE 1) The accounting rationale. Nature of data to be examined. Methodologies. The corporate record-keeping system in a broad sense. 2) Accounting practice: The theory of double entry bookkeeping. Double entry bookkeeping applied to manufacturing companies. Bookkeeping entries for general business transactions, initiating joint-stock companies, special transactions (wages and salaries, financial transactions etc…), adjusting entries and year-end closing entries. Practical exercises in applying accounting record-keeping systems and measurement principles to business transactions. (reference books) First Part: Business Administration Paoloni M., Paoloni P. (a cura di), Introduzione ed orientamento allo studio delle aziende, Giappichelli, 2009 Onida, P., Economia d'azienda, Utet, Torino, 1970 Zanda, G., Lineamenti di Economia Aziendale, Edizioni Kappa, Roma, 2006 Second Part: Accrual Accounting Paoloni M., Celli, M. (a cura di), Introduzione alla contabilità generale, CEDAM, 2012 (da pagina 75 a 123; da pagina 137 a 215; da pagina 220 a 243; da pagina 244 a 253; da pagina 255 a 279; da pagina 292 a 299; da pagina 304 a 309; da pagina 321 a 335; da pagina 364 a 377; da pagina 399 a 470). For business administration and accounting exercises: Paoloni M. (a cura di), Mattei G., Paoloni, N., Eserciziario di economia aziendale e contabilità, CEDAM, 2018 Group: M - Z - DEMARTINI PAOLA (syllabus) Syllabus 1) Organisations and entities. General characters: Aims of organisations. "Legal entity" and "economic entity." Various types of organisations 2) Broader characters of an Organisation. Private and public companies. Equilibrium conditions. Possible ways to remunerate resources used by the organisation. The business risk. Income and profit. 3) Funding The need for capital and its determination. Corporate finance, "equity" and "debt capital"; corporate self-financing; the dynamic relationship between "equity" and "debt capital". A corporate' s financial structure. 4) Accounting as a tool for information Logical moments. The nature of facts under investigation. Methods. 5) The accounting recognition Theory of the double-entry accounting. Systematic and comprehensive recording of financial transactions pertaining to a business. (reference books) David Boddy, Management: an Introduction, Financial Times Prentice Hall, 2011 Robert N. Anthony – Leslie K. Breitner, Essentials of Accounting, Prentice Hall, 2007 Slides/teaching notes will be available on the website	9	SECS-P/07	60	-	-	-	Basic compulsory activities	ITA
21210054 - MACROECONOMIA (objectives) Acquisition of the basic knowledge of the economic system as a whole, through an educational program that includes both lectures and practical classes. The first part of the course will introduce students to the basic knowledge of macro-economic magnitudes and variables: domestic product, aggregate consumption and investment, employment and unemployment, the general price level, public budget and international commercial flows. In the following part of the course, students will explore and compare the main theoretical interpretations of the working of the macro-economic system and their policy prescriptions. Group: A - L - PALUMBO ANTONELLA (syllabus) 1. National accounting system: basic defintions and identities. Main macroeconomic indicators 2. Keynes’s theory: aggregate demand and equilibrium output 3. Keynes’s theory: money and interest 4. The IS-LM model 5. The AS-AD model 6. Inflation and unemployment 7. Macroeconomics of the European Union 8. Money: creation and control (reference books) Compulsory material: 1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications) 2) Additional teaching material (lecture notes, etc, available on the website) Group: M - Z - Potestio Maria Paola (syllabus) The course consists of three modules First module: • National Accounts • Aggregate demand. Income multipliers • The IS-LM model Second module: • Aggregate demand in an open economy • The IS-LM model in an open economy Third module: • The labour market • The AD-AS model • The natural rate of unemployment and the Phillips curve • Inflation, production and money growth. The quantity theory of money • Introduction to growth models (reference books) Olivier Blanchard, Alessia Amighini, Francesco Giavazzi MACROECONOMIA. Una prospettiva europea Editore Il Mulino	9	SECS-P/01	60	-	-	-	Basic compulsory activities	ITA
21210408 - General Mathematics (objectives) The aim of the course is the acquisition of the mathematical method as a fundamental investigative tool for economic, financial and business disciplines. The student will be provided with elementary tools necessary to solve the simplest quantitative problems that arise in the economic, financial and business fields. In particular we will introduce the fundamental concepts of mathematical analysis for functions of one variable necessary to sketch the graph of a function and to solve simple optimal problems, with particular attention to possible economic applications of acquired notions. Elements of integral calculus and linear algebra will also be introduced Group: A - L - VELLUCCI PIERLUIGI (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(c.d.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009. Group: M - Z - MAZZOCCOLI ALESSANDRO (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(w.p.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: -Peccati, Salsa, Squellati. Matematica per l'economia e l'azienda. Egea. - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009.	9	SECS-S/06	60	-	-	-	Basic compulsory activities	ITA
21210411 - English Language (objectives) Refer to 'University Language Centre' http://www.cla.uniroma3.it/	5	L-LIN/12	-	-	30	-	Final examination and foreign language test	ENG
21201322 - INFORMATICS (objectives) • Provide the methodological and application knowledges in the fundamental areas of the computer science for the efficient use of the digital systems • Provide the competences for the correct use of the most popular application software. - BENEDETTO FRANCESCO	1	INF/01	25	-	-	-	Other activities	ITA

Second semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210409 - Public Law (objectives) The course aims to introduce the student to the knowledge of the Italian legal system, in its fundamental and characterizing elements, with in-depth analysis of the issues related to the management and organization of public authorities and public functions in relation to the community of citizens, institutional aspects and the dynamics of power management with particular regard to forms of participation within local, national and supranational systems. Group: A - L - ATRIPALDI MARIANGELA (syllabus) The program includes: Introduction to law Forms of State and forms of Government Beyond the State: the EU The sources of law Parliament and its functions Institutes of direct democracy The abrogative referendum. The Government and its functions The President of the Republic and his attributions Principles on the subject of Administration The other organs Local ordering Rights and freedom The economic Constitution Judicial power Constitutional Justice (reference books) It is recommended the study of one of the following books: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, latest edition P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, latest edition F. Modugno (a cura di), Diritto Pubblico, Torino, Giappichelli, latest edition C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, latest edition Group: M - Z - MAROTTA EGIDIO (syllabus) The Public Law course is divided into two modules. Module I covers the following topics: theory of social groups; the normative social groups; the structure of the legal system; power and its species; power-sharing techniques; the forms of exercise of power: the legal norm and the provision; subjects; interests; the goods; subjective legal situations; the legal facts; human behaviors; the legal effects; the responsability; the regulatory levels of government (international, European Community, state, local); the organization of public authorities; public functions (political direction, regulation, administration, jurisdiction). The II Module deals with the Italian legal system and the regulatory principles of its political, legislative, administrative and jurisdictional activity. (reference books) For preparation for Modules I and II we recommend studying a manual chosen from the following: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, ult. ed. C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, ult. ed. P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, ult. ed.	9	IUS/09	60	-	-	-	Basic compulsory activities	ITA
21210056 - MICROECONOMIA (objectives) The course aims to introduce concepts and arguments that are the basis of the analysis of economic theory, with particular reference to the explanation of commodity relative prices and the functional distribution of income (wages, profits and rents). The course addresses these issues by providing students with a pluralistic and critical view. In fact, the fundamental elements of the two main approaches to value and distribution are presented and compared: the surplus or classical approach and the marginalist or neoclassical theory. The study also includes the different relationships that both approaches establish between prices and levels of production and employment of resources, both at the aggregate level and at the level of individual production units. Group: A - L - CICCONE ROBERTO (syllabus) 1. Production and prices: general elements The production process. Production methods and their representation. The social production process. Economy of mere subsistence. Economy producung surplus. Basic and non-basic goods. 2. Fundamentals of the classical theory of distribution and relative prices The real wage and other circumstances taken as given in the 'core' of the theory. The concept of social surplus. Profits and general profit rate. Distinction and relationship between "normal" and "market" prices. Price equations: simultaneous determination of profit rate and relative prices. Importance and limits of the solutions to the problem attempted by Ricardo and Marx. The inverse wage-profit relationship. The theory of rent. 3. Fundamentals of the marginalist theory of distribution and relative prices The data of the theory. Consumer theory. Functions of consumption good demand. Production theory. Direct and indirect substitutability as analytical bases for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with the classical theory of distribution. Implications of general economic equilibrium: full employment of available resources; Pareto optimality; efficiency in exchange; efficiency in production; efficiency in the combination of outputs. The notion of capital as a single productive factor and the difficulties that derive from it (mention). 4. Analysis of the single industry and market forms The analysis of "partial" equilibrium. Short and long term cost curves of the individual enterprise. Equilibrium of enterprise and industry under competitive conditions, in the short and long period. Quantity produced and price, in the short and long period, in monopoly and monopolistic competition. The oligopoly: Cournot model. (reference books) "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1 "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 "La teoria marginalista della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.3 Materials (audio slides) distributed by the teacher With regard to the other text adopted, the chapters and paragraphs included in the programme are set out below, with reference to the latest edition (2017). Robert H. Frank e Edward Cartwright, Microeconomia Milano: McGraw-Hill, VII edizione, 2017 Capitoli e paragrafi in programma: Capitolo 3, La scelta razionale del consumatore, p. 51 {paragrafi: 3.1, 3.2, 3.3, 3.4; Appendice 3} Capitolo 4, La domanda individuale e la domanda di mercato, p. 93 {paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7} Capitolo 5, Le applicazioni delle teorie della scelta razionale e della domanda, p. 137 {limitatamente a: paragrafo 5.7; Appendice 5} Capitolo 9, La produzione, p. 267 {intero capitolo, inclusa Appendice 9} Capitolo 10, I costi, p. 297 {intero capitolo, esclusa Appendice 10} Capitolo 11, La concorrenza perfetta, p. 333 {paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.9, 11.12, 11.13} Capitolo 12, Il monopolio, p. 377 {paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6, 12.8} Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi, p. 427 {paragrafi: 13.1, 13.2, 13.4 limitatamente al sotto-paragrafo 13.4.1} Capitolo 15, L'equilibrio generale e l'efficienza dei mercati, p. 523 {paragrafi: 15.1, 15.2, 15.3, 15.4, 15.6,15.7 Group: M - Z - FRATINI SAVERIO MARIA (syllabus) Elements of the theory of production - inputs, outputs and production methods - the subsistence economy - the economy with a surplus The surplus approach to commodity value and income distribution - the relevance of social and institutional elements to income distribution - the explanation of the real wage rate - the "core" of the classical approach - the link between profit rate and relative prices - the price equations - the classical theory of rent The theory of consumer choice - budget set and budget constraint - preferences - consumer choice - consumer-good demand curves The theory of firm choice - the function of production - profit maximisation - isoquants and isocosts - the output expansion path and long-term cost curves Production factors and the marginalist explanation of income distribution - marginal and average productivity of factors - the demand curves of factors of production - equilibrium between supply and demand for factors of production Market forms - perfect competition - monopoly - Cournot oligopoly - Stackelberg oligopoly Introduction to the welfare economics - allocations and Edgeworth box - Pareto improvements and Pareto optima - first theorem of welfare economics (reference books) i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini). iv) Frank Robert H.; Cartwright Edward; Piras R. (cur.). Microeconomia. McGraw-Hill Libri Italia, Milano. 2017. v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210410 - Statistics (objectives) The course aims at providing students with specific competences in sampling tecniques and statistical data analysis. Particular relevance is given to probability and inference, as the course means to provide students with the necessary tools for supporting decisional processes through the management of data bases and the use of statistical models. Group: A - L - CONIGLIANI CATERINA (syllabus) An introduction to the fundamental ideas of statistics. Topics include: Descriptive statistics: graphical summaries of data, measuring the center of quantitative data (mode, median, mean), measuring the variability of quantitative data (standard deviation, variance), simmetry of a distribution (Fisher coefficient), the association between two variables (chi-square), the association between two quantitative variables (covariance, correlation coefficient). Probability: probability of events (probability of the complement of an event, of the union and intersection of two events, conditional probability, independent events, Bayes theorem), discrete and continuous random variables (the Bernoully r.v., the Binomial r.v., the Poisson r.v., the Normal r.v., the Student t r.v., che Chi-square r.v.). Inferential statistics: sample versus population, sampling distributions, point and interval estimates of population parameters, confidence intervals for a population mean and a proportion, significance tests about hypotheses on a population mean and a proportion, p-values, Chi-square tests for testing for independence and normality. Regression analysis: the regression line, ordinary least squares, describing the strength of the association, nonlinear regression models, confidence intervals and tests on the parameters of the regression line, prediction. (reference books) G.Cicchitelli, P.D'Urso, M.Minozzo. Statistica: principi e metodi. Pearson, terza edizione (2017): Chap. 1 (excluding 1.12), Chap. 2 (excluding 2.4, 2.5, 2.6), Chap. 3 (excluding 3.5, 3.6, 3.7), Chap. 4 (excluding 4.3, 4.4, 4.5, 4.6), Chap. 5 (excluding 5.3, 5.6, 5.7, 5.8), Chap. 6 (excluding 6.3), Chap. 9 (excluding 9.4), Chap. 10 (excluding 10.6), Chap. 11 (excluding 11.2.2), Chap. 12, Chap. 13, Chap. 14 (excluding 14.6, 14.7)],Chap. 17 (excluding 17.7.1), Chap.18 (excluding 18.3.1), Chap. 19 (excluding 19.5), Chap. 20 (excluding 20.5, 20.6), Chap. 22 (excluding 22.2.2), Chap. 23 (excluding 23.8). A collection of exercises by the teacher is available to students on Moodle. Group: M - Z - TERZI SILVIA (syllabus) descriptive statistics variables and their measurement univariate distributions describing data with tables and graphs measures of position variability bivariate descriptive statistics independence, association, correlation probability distributions for discrete and continuous variables sampling distributions Inference: estimation hypothesis test (reference books) A. Agresti, B. Finlay Statistical methods for the social sciences Pearson International Edition - 4th edition 2009	9	SECS-S/01	60	-	-	-	Core compulsory activities	ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21210071 - BILANCIO (objectives)

Group: A - L

- Ciaburri Mirella (syllabus) (reference books)

Group: M - Z

- DELLO STROLOGO ALBERTO

9

SECS-P/07

60

-

Core compulsory activities

ITA

21210072 - DIRITTO PRIVATO (objectives)

Group: A - L

- MACIOCE FRANCESCO (syllabus) (reference books)

Group: M - Z

- LONGOBUCCO FRANCESCO (syllabus) (reference books)

9

IUS/01

60

-

Related or supplementary learning activities

ITA

21201495 - PUBLIC FINANCE (objectives)

Group: AL

- Derived from 21201495 SCIENZA DELLE FINANZE in Economia L-33 A - L CRESPI FRANCESCO (syllabus) (reference books)

Group: MZ

- Derived from 21201495 SCIENZA DELLE FINANZE in Economia L-33 M - Z LIBERATI PAOLO (syllabus) (reference books)

9

SECS-P/03

60

-

Core compulsory activities

ITA

21201505 - STATISTICS FOR ECONOMICS (objectives)

Group: A - L

- BARBIERI MARIA MADDALENA (syllabus) (reference books)

Group: M - Z

- BARBIERI MARIA MADDALENA (syllabus) (reference books)

9

SECS-S/01

60

-

Core compulsory activities

ITA

Optional group: ECONOMIA DELL'AMBIENTE E DELLO SVILUPPO - 2° anno 1 insegnamento a scelta - (show)

9

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

Optional group: ECONOMIA DELL'AMBIENTE E DELLO SVILUPPO - 2° anno 1 insegnamento a scelta - (show)

9

21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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, Undicesima Edizione Pearson, 2020.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210413 - History of economic ideas and facts
21210413-1 - History of economic ideas and facts - I mod. - Derived from 21210413-1 Storia delle idee e dei fatti economici - I mod. in Economia L-33 TREZZINI ATTILIO (syllabus) PART ONE The first industrial revolution (1750-1850) 1. Society and economy in the pre-industrial period. The cognitive and agricultural revolutions 2. Economic development 3. The premises of the English industrial revolution: population 4. The premises of the English industrial revolution: agriculture 5. The premises of the English industrial revolution: transport and commerce 6. Leading industries and innovations in Great Britain 7. The English industrial revolution: the problems 8. The second: France and the United States PART TWO The second industrial revolution (1850-1950) 9. The Stages of Growth (1850-1914) 10. The conditions for growth: population 11. The conditions for growth: transport, banks and money 12. Production activities 13. The big business 14. The industrialized countries: Great Britain and France 15. High-growth countries: Germany and the United States 16. Two special cases: Russia and Japan 17. The unification of Italy and the national economy 18. United Italy 19. The First World War and its aftermath 20. The Soviet Union 21. The Great Depression 22. Policies against depression PART THREE THE CONTEMPORARY ECONOMY (1950-2017) 23. A new revolution: demographic problems 24. A new revolution: the productive sectors 25. The reconstruction of the world economy 26. From the Goden Age to the Crisis 27. Neoliberalism and globalization PART FOUR. ITALY FROM 1945 TO TODAY II. Reconstruction and open economy: the strategic choices of the years 1944-1953 III. The golden years of the second globalization: 1953-1973 IV. Italy and the end of the «Golden Age»: interventionist state and Made in Italy V The challenges of the third globalization: 1992-2007 YOU. The Great Crisis of 2008 PART FIVE THE TRANSFORMATION OF INTERNATIONAL ECONOMIC EQUILIBRIA 33. The end of the planned economy: the Soviet Bloc 30. Developed economies: United States and Japan 34. The awakening of Asia 35. Latin America and Africa In-depth studies on the history of economic ideas Within the following volumes, parts will be identified to be used for the preparation of student works Alessandro Roncaglia, The age of disintegration History of contemporary economic thought, Bari, Laterza Editors, 2019 Ernesto Screpanti and Stefano Zamagni Profile of the History of Economic Thought Contemporary developments Carocci editore 2004 B. Happelbaum, The time of economists. False prophets, the free market and the disintegration of society, Milan, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics THE TOPICS IDENTIFIED FOR THE IN-DEPTH WORKS ARE: Topic 1: Milton Friedman and the end of Keynesian politics Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part One Chapters 1,2,3,4. Topic 2: The deregulation of the economy Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part II chapters 5,6 and 7. Topic 3: Neoliberalism and finance Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part III. Topic 4: Macroeconomic policies in the rise and fall of the Golden Age Epstein, J. And Schor, J. Macropolicy in the rise and fall of the Golden Age in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein Topic 5: The Fascist Corporate State. Piero Sraffa's Seminar in Cambridge. The text of Sraffa's seminar is published translated into Italian, as an appendix to the volume: De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Topic 6: The myth of the invisible hand: neoliberalisms Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Editori Laterza 2019 Chapter 7. The macroeconomics of the neoclassical synthesis and Chapter 8 The myth of the invisible hand: neoliberalisms Topic 7: From efficient financial markets to crisis theory Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Laterza Editors 2019 Chapter 7. The macroeconomics of the neoclassical synthesis Chapter 11 From efficient financial markets to crisis theory Topic 8: The History of Public Debt in Italy Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics (reference books) E. De Simone, Storia Economica. Dalla rivoluzione industriale alla rivoluzione informatica, Milano, Franco Angeli, 2019 P. Battilani, F. Fauri, L’economia italiana dal 1945 ad oggi, Bologna, Il Mulino, 2019 I lavori di approfondimento sulla storia delle idee economiche saranno preparati sulla base di parte dei seguenti testi Alessandro Roncaglia, L’età della disgregazione Storia del pensiero economico contemporaneo, Bari, Editori Laterza, 2019 Ernesto Screpanti e Stefano Zamagni Profilo di Storia del Pensiero economico Gli sviluppi contemporanei Carocci editore 2004 B. Happelbaum, Il tempo degli economisti. Falsi profeti, libero mercato e disgregazione della società, Milano, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. Nella bufera del Novecento. Antoni Gramsci e Piero Sraffa tra lotta politica e teoria critica. Hoepli 2017 Carnazza, G. (2021) “La Storia del Debito Pubblico in Italia” in Argomenti	3	SECS-P/04	20	-	-	-	Core compulsory activities	ITA
21210413-2 - History of economic ideas and facts - II mod. - Derived from 21210413-2 Storia delle idee e dei fatti economici - II mod. in Economia L-33 TREZZINI ATTILIO (syllabus) PART ONE The first industrial revolution (1750-1850) 1. Society and economy in the pre-industrial period. The cognitive and agricultural revolutions 2. Economic development 3. The premises of the English industrial revolution: population 4. The premises of the English industrial revolution: agriculture 5. The premises of the English industrial revolution: transport and commerce 6. Leading industries and innovations in Great Britain 7. The English industrial revolution: the problems 8. The second: France and the United States PART TWO The second industrial revolution (1850-1950) 9. The Stages of Growth (1850-1914) 10. The conditions for growth: population 11. The conditions for growth: transport, banks and money 12. Production activities 13. The big business 14. The industrialized countries: Great Britain and France 15. High-growth countries: Germany and the United States 16. Two special cases: Russia and Japan 17. The unification of Italy and the national economy 18. United Italy 19. The First World War and its aftermath 20. The Soviet Union 21. The Great Depression 22. Policies against depression PART THREE THE CONTEMPORARY ECONOMY (1950-2017) 23. A new revolution: demographic problems 24. A new revolution: the productive sectors 25. The reconstruction of the world economy 26. From the Goden Age to the Crisis 27. Neoliberalism and globalization PART FOUR. ITALY FROM 1945 TO TODAY II. Reconstruction and open economy: the strategic choices of the years 1944-1953 III. The golden years of the second globalization: 1953-1973 IV. Italy and the end of the «Golden Age»: interventionist state and Made in Italy V The challenges of the third globalization: 1992-2007 YOU. The Great Crisis of 2008 PART FIVE THE TRANSFORMATION OF INTERNATIONAL ECONOMIC EQUILIBRIA 33. The end of the planned economy: the Soviet Bloc 30. Developed economies: United States and Japan 34. The awakening of Asia 35. Latin America and Africa In-depth studies on the history of economic ideas Within the following volumes, parts will be identified to be used for the preparation of student works Alessandro Roncaglia, The age of disintegration History of contemporary economic thought, Bari, Laterza Editors, 2019 Ernesto Screpanti and Stefano Zamagni Profile of the History of Economic Thought Contemporary developments Carocci editore 2004 B. Happelbaum, The time of economists. False prophets, the free market and the disintegration of society, Milan, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics THE TOPICS IDENTIFIED FOR THE IN-DEPTH WORKS ARE: Topic 1: Milton Friedman and the end of Keynesian politics Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part One Chapters 1,2,3,4. Topic 2: The deregulation of the economy Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part II chapters 5,6 and 7. Topic 3: Neoliberalism and finance Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part III. Topic 4: Macroeconomic policies in the rise and fall of the Golden Age Epstein, J. And Schor, J. Macropolicy in the rise and fall of the Golden Age in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein Topic 5: The Fascist Corporate State. Piero Sraffa's Seminar in Cambridge. The text of Sraffa's seminar is published translated into Italian, as an appendix to the volume: De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Topic 6: The myth of the invisible hand: neoliberalisms Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Editori Laterza 2019 Chapter 7. The macroeconomics of the neoclassical synthesis and Chapter 8 The myth of the invisible hand: neoliberalisms Topic 7: From efficient financial markets to crisis theory Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Laterza Editors 2019 Chapter 7. The macroeconomics of the neoclassical synthesis Chapter 11 From efficient financial markets to crisis theory Topic 8: The History of Public Debt in Italy Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics (reference books) E. De Simone, Storia Economica. Dalla rivoluzione industriale alla rivoluzione informatica, Milano, Franco Angeli, 2019 P. Battilani, F. Fauri, L’economia italiana dal 1945 ad oggi, Bologna, Il Mulino, 2019 I lavori di approfondimento sulla storia delle idee economiche saranno preparati sulla base di parte dei seguenti testi Alessandro Roncaglia, L’età della disgregazione Storia del pensiero economico contemporaneo, Bari, Editori Laterza, 2019 Ernesto Screpanti e Stefano Zamagni Profilo di Storia del Pensiero economico Gli sviluppi contemporanei Carocci editore 2004 B. Happelbaum, Il tempo degli economisti. Falsi profeti, libero mercato e disgregazione della società, Milano, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. Nella bufera del Novecento. Antoni Gramsci e Piero Sraffa tra lotta politica e teoria critica. Hoepli 2017 Carnazza, G. (2021) “La Storia del Debito Pubblico in Italia” in Argomenti	6	SECS-P/12	40	-	-	-	Basic compulsory activities	ITA

21210028 - Matematica per le applicazioni economiche (objectives)

- MASTROENI LORETTA CLARA LETIZIA (syllabus) (reference books)

9

SECS-S/06

60

-

Core compulsory activities

ITA

21201481 - ECONOMIC POLICY (objectives)

Group: A - L

- SCARLATO MARGHERITA (syllabus) (reference books)

Group: M - Z

- SALVATICI LUCA (syllabus) (reference books)

- GIUA MARA (syllabus) (reference books)

9

SECS-P/02

60

-

Core compulsory activities

ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201500 - ADMINISTRATIVE LAW (objectives)

- LAZZARA PAOLO

9

IUS/10

60

-

Core compulsory activities

ITA

21210011 - PRINCIPI DI ECONOMIA DELLO SVILUPPO (objectives)

- SALUSTRI FRANCESCO (syllabus) (reference books)

9

SECS-P/02

60

-

Core compulsory activities

ITA

Optional group: ECONOMIA DELL'AMBIENTE E DELLO SVILUPPO - 3°anno - due insegnamenti a scelta libera - (show)

18

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. - Derived from 21201492 ECONOMIA PUBBLICA in Economia dell'ambiente e dello sviluppo LM-56 LIBERATI PAOLO (syllabus) 1) Welfare state; 2) Public utilities and regulation policies; 3) Fiscal federalism; 4) The theory of public debt; 5) European fiscal policies (reference books) Bosi P. (2019), Corso di Scienza delle Finanze, capitoli IV, V, VI, VII, VIII, Il Mulino, Bologna, Eighth edition. Additional material will be available during lectures.	9	SECS-P/03	60	-	-	-	Elective activities	ITA
21201500 - ADMINISTRATIVE LAW (objectives) The course explores the main topics of administrative law: organization and structures of public administration, privatization of public bodies and services. Much attention will be paid to civil service issues and management discipline; administrative procedures under rule of law, discretion, fairness, and regulatory unreasonableness. The student must achieve: 1) knowledge of the general theory of administrative law; 2) knowledge of the traditional approach of administrative law studies; 3) awareness of the significant changes in the reference regulatory framework concerning the public administration. - Derived from 21201500 DIRITTO AMMINISTRATIVO in Economia L-33 N0 LAZZARA PAOLO	9	IUS/10	60	-	-	-	Elective activities	ITA
21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts.
21201507 - ECONOMIC HISTORY (objectives) The course aims to provide a a critical knowledge a) of the analytical methodologies of the reconstruction and interpretation of economic facts; b) of the main features and processes of transformation of the International economics in the contemporary age; particular attention is devoted to the Italian case in the 20th century
21201518 - COMMERCIAL LAW (objectives) The course aims to provide students with the fundamental elements of Business law, explaining the business activity and its different forms (soleownership, partnership).. Particular attention is devoted to the system of sources of Commercial and Corporate Law (Business law), to the historical origins of the rules, to their economic function, to jurisprudence and case law. Company law represents the main part of class lessons The study of the fundamental principles of Business law requires a good knowledge of Private law. Group: AL - Derived from 21201518 DIRITTO COMMERCIALE in Economia e gestione aziendale L-18 AL VALENSISE PAOLO Group: MZ - Derived from 21201518 DIRITTO COMMERCIALE in Economia e gestione aziendale L-18 MZ DI CECCO GIUSTINO (syllabus) The course, articulated in a single module, will cover the following topics: 1. The entrepreneur (of any kind). 2. The rules set forth for the commercial enterprises. 2. Companies and other business organizations. 4. The joint-stock company and the limited partnership by shares. 5. Transformation, merger and spin-off. 6. The co-operative companies, the consortia and the joint-ventures. 7. Entrepreneur’s auxiliaries; the establishment. 8. Debt securities and promissory notes. 9. Bankruptcy (general principles). (reference books) L. De Angelis (edited by), Diritto commerciale, Wolters Kluwers/Cedam, last edition. pages 1-93 pages 125-134 pages 137-709 pages 777-828 pages 887-922 V. Buonocore (conceived by), Manuale di diritto commerciale, Torino, Giappichelli, last edition, 2020: pages 7-63 pages 103-126 pages 163-180 pages 181-700 pages 985-1044 pages 1045-1074 pages 1150-1164 It’s recommended studying the subject with an updated Civil Code, comprehensive of connected laws.	9	IUS/04	60	-	-	-	Elective activities	ITA
21201483 - ENVIRONMENTAL LAW
21201483-1 - DIRITTO DELL'AMBIENTE - Derived from 21201483-1 DIRITTO DELL'AMBIENTE in Economia dell'ambiente e dello sviluppo LM-56 LAZZARA PAOLO	4,5	IUS/10	30	-	-	-	Elective activities	ITA
21201483-2 - DIRITTO DELL'AMBIENTE 2 - Derived from 21201483-2 DIRITTO DELL'AMBIENTE 2 in Economia dell'ambiente e dello sviluppo LM-56 MACIOCE FRANCESCO (syllabus) Civil Environmental Law (reference books) Ask the teacher for specif lectures.	ITA
21210010 - Teoria dei giochi (objectives) The course is a primer in game theory that aims to introduce students to the language and methods used to analyze static and dynamic games of complete and incomplete information. A special emphasis is posed on economic applications. Among the others, the course deals with problems concerning business strategies such as those related to the determination of sale prices and production/distribution quantities, strategies related to firm entry/exit and market positioning, bargaining, auction strategies and mechanisms, optimal policy, issues related to agents’ credibility and to the time-consistence/sustainability of their decisions. - Derived from 21210236 Game Theory in Scienze Economiche LM-56 (docente da definire)	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21210009 - Laboratorio di marketing cultutrale (objectives) The course Cultural Marketing Lab aims to teach students marketing policies of artistic and cultural institutions. Through direct contact with realities of artistic and cultural sectors and industries, students will learn the tools available in these fields, and will learn to use the principles of marketing to improve the market performances. At the end of the course students will: 1) share the language of a marketing director of artistic and cultural institutions; 2) learn a working method to solve the classic problems of strategic and operational marketing of artistic and cultural institutions; 3) develop the typical skills of problem solving, team work and public presentations. - ADDIS MICHELA (syllabus) The marketing concept in cultural industries The exchange markets Product orientation vs. market orientation Performances in cultural markets Consumer behavior: from utility to experience The aesthetic experience Brand equity: definition, components, and drivers Managing cultural products: product, communication, distribution and pricing Customer relationships: building the CRM (reference books) For attending and non-attending students: 1) Slides, readings, and all the materials accessible via the Moodle platform (Department of Economics) 2) Addis M., Rurale A. (Eds.) (2020), Managing the Cultural Businesses: Avoiding Mistakes, Finding Success, Routledge. During the course, additional readings will be indicated. They will be available on the course platform, freely on the websites, or at the University Library System.	9	SECS-P/08	60	-	-	-	Elective activities	ITA
21210179 - Economia applicata - Derived from 21210179 Economia applicata in Economia L-33 PIERUCCI ELEONORA (syllabus) NOTA BENE: • Tutte le slides delle lezioni saranno rese disponibili, insieme a tutti gli altri materiali rilevanti, esclusivamente sulla piattaforma moodle del corso. • I paragrafi da studiare dei capitoli di riferimento riportati tra parentesi verranno meglio indicati durante le lezioni e coincideranno con le parti che verranno trattate in aula e nelle slides. Parte I – Economia Regionale Testo di riferimento: Capello R. “Economia Regionale”, seconda edizione, Il Mulino. Parti selezionate tratte da: 1. Introduzione: Economia e spazio (pag. 25-39) 2. Teorie della crescita regionale a. Struttura produttiva e sviluppo (cap. IV) b. La domanda (cap. V) c. La dotazione fattoriale (cap. VI) 3. Teorie dello sviluppo locale a. Competitività territoriale e sviluppo esogeno (cap. VII) b. Competitività territoriale e sviluppo endogeno: le economie di agglomerazione (cap. VIII) c. Competitività territoriale e sviluppo endogeno: le economie di agglomerazione (cap. IX) 4. Politica regionale Europea (materiali distribuiti durante le lezioni) Parte II – Economia Industriale Testo di riferimento: Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari “Organizzazione Industriale” terza edizione, Mc Graw Hill Education Parti selezionate tratte da: 1. Fondamenti di micro (solamente slides delle lezioni) 2. Oligopolio statico (capp. 8 e 9) 3. Ricerca e sviluppo e brevetti (cap.18) 4. Big data, piattaforme digitali e antitrust (articolo: G. Colangelo “Big data, piattaforme digitali e antitrust”, Mercato concorrenza regole/a. XVIII, n. 3, dicembre 2016) Esercitazioni: Durante l’orario di lezione sono previste esercitazioni pratiche che prevedono utilizzo e di banche dati ed elaborazioni (reference books) 1. Capello R. “Economia Regionale”, seconda edizione, Il Mulino. 2. Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari “Organizzazione Industriale” terza edizione, Mc Graw Hill Education	9	SECS-P/06	60	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

Optional group: ECONOMIA DELL'AMBIENTE E DELLO SVILUPPO - 3 anno 1 insegnamento a scelta - (show)

9

21201502 - ENVIRONMENTAL ECONOMICS (objectives) The course considers the concept of sustainable development, climate change and efficiency in the use of natural resources. To this aim, the main economic theoretical foundations are presented jointly with the fundamental practical issues of climate change, pollution, and sustainable development. The main market failures climate change and environmental pollution generate, externalities and public goods, are presented. The main theoretical and actual policy instruments used to face such phenomena, such as emission tax, emission abatement subsidy, marketable permit instruments, are deeply analyzed from both a normative and a positive point of view. Finally, environmental project appraisal and empirical methods for valuing the environment are introduced. - SPINESI LUCA (syllabus) 1. Introduction to environmental economics 1.1 The origins of the problem 1.2 Interdependency economy-environment 1.3 GDP growth and welfare measure 1.4 Sustainability 1.5 Pollution extension and types 1.6 Natural resources 2. Ethics and economics 2.1 Natural philosophy 2.2 Libertarian philosophy 2.3 Utilitarianism 2.4 Critique to utilitarianism 3. Social welfare and environmental sustainability 3.1 Pareto efficiency 3.2 Social welfare function 3.3 Kaldor- Hicks-Scitovsky compensation tests 3.4 Market failures 3.5 Second-best theorem 4. Environmental policy 4.1 Public goods 4.2 Externalities 4.3 Environmental pollution models 4.4 Flow and stock of polluting emissions 4.5 Emission efficiency in static models 4.6 Emission efficiency in dynamic models 5 Environmental policy: instruments 5.1 Tax and subsidy 5.2 Command-and-control 5.3 Permits 6 Monetary valuation 6.1 Contingent valuation method 6.2 Hedonic price method 6.3 Cost-Benefit analysis (reference books) Title: Natural Resources and Environmental Economics. 4th Edition, 2011 Authors: Perman Roger, Ma Yue, Common Micheal, Maddison David, McGilvray James. Editor: Pearson Given the actual Covid-19 emergency lecture notes in substitution of the main text are available on Moodle.	9	SECS-P/02	60	-	-	-	Core compulsory activities	ITA
21201525 - AGRI-FOOD ECONOMICS AND POLICY (objectives) • Relations between agriculture and the rest of the economy, with reference to the Italian agri-food sector • Recalls of microeconomics and consumption theory, with reference to analyze the demand for agri-food products, with particular reference to product differentiation, quality and food safety • Production cost sand market structures, with reference to different forms of competition and market imperfections in the agri-food sector • The characteristics of the Italian agri-food system, with particular reference to the role and potential of Made in Italy in the world markets • The agricultural policies of the European Union, with particular reference to the multifunctionality of agriculture - VAQUERO PINEIRO CRISTINA (syllabus) • Relations between agriculture and the rest of the economy, with reference to the Italian agri-food sector • Recalls of economics (market structures and consumption theory), with reference to analyse the demand for agri-food products at national and international level • The characteristics of the agri-food consumption, consumers’ choices and certifications, with particular reference to the role of sustainability and quality as drivers of product differentiation • The characteristics of the Italian agri-food system • Recalls of environmental economics, with a specific focus on the relation with the agri-food system (reference books) F. De Filippis, La domanda dei prodotti agroalimentari (available on Moodle) Lecture notes (available on Moodle) Papers and reports on agricultural and agri-food economics, with a specific focus on the Italian agri-food sector (available on Moodle) Papers and reports on EU agri-food quality policy and Geographical Indications, with a specific focus on the Italian agri-food sector (available on Moodle) - HENKE ROBERTO (syllabus) This 20-hour module integrates the course of Prof. Cristina Vaquero Pineiro (Agri-food Economics and Policies). The module critically presemnts the natioal agri-food system, with particular attention to the primary sector, the processing industry, the food marketing and the main elements of food consumption. Other aspects discussed are the Italian agri-food international trade, the agrocultural multifunctionality and the Common (EU) agricultural policy. (reference books) PPT Slides (available on Moodle) Selected papers on agroculture and agri-food system (available on Moodle) Selected papers on Italian agri-food international trade (available on Moodle) Selected papers on agricultural multifunctionality (Available on Moodle) Documents on the Common Agricultural Policy (Available on Moodle)	9	SECS-P/02	60	-	-	-	Core compulsory activities	ITA

Optional group: ECONOMIA DELL'AMBIENTE E DELLO SVILUPPO - 3°anno - due insegnamenti a scelta libera - (show)

18

21201502 - ENVIRONMENTAL ECONOMICS (objectives) The course considers the concept of sustainable development, climate change and efficiency in the use of natural resources. To this aim, the main economic theoretical foundations are presented jointly with the fundamental practical issues of climate change, pollution, and sustainable development. The main market failures climate change and environmental pollution generate, externalities and public goods, are presented. The main theoretical and actual policy instruments used to face such phenomena, such as emission tax, emission abatement subsidy, marketable permit instruments, are deeply analyzed from both a normative and a positive point of view. Finally, environmental project appraisal and empirical methods for valuing the environment are introduced. - Derived from 21201502 ECONOMIA DELL'AMBIENTE in Economia dell'ambiente e dello sviluppo LM-56 SPINESI LUCA	9	SECS-P/02	60	-	-	-	Elective activities	ITA
21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts.
21201503-2 - ECONOMIA INTERNAZIONALE (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits.The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world.The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas.All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed.The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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 employmentLong-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 ratesOutput 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 StandardThe 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, Undicesima Edizione Pearson, 2020.	3	SECS-P/01	20	-	-	-	Elective activities	ITA
21201503-1 - ECONOMIA INTERNAZIONALE (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits.The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world.The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas.All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed.The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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 employmentLong-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 ratesOutput 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 StandardThe 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, Undicesima Edizione Pearson, 2020.	6	SECS-P/01	40	-	-	-	Elective activities	ITA
21201507 - ECONOMIC HISTORY (objectives) The course aims to provide a a critical knowledge a) of the analytical methodologies of the reconstruction and interpretation of economic facts; b) of the main features and processes of transformation of the International economics in the contemporary age; particular attention is devoted to the Italian case in the 20th century
21201507-2 - STORIA ECONOMICA (objectives) The course aims to provide a a critical knowledge a) of the analytical methodologies of the reconstruction and interpretation of economic facts; b) of the main features and processes of transformation of the International economics in the contemporary age; particular attention is devoted to the Italian case in the 20th century	1	SECS-P/12	10	-	-	-	Elective activities	ITA
21201507-1 - STORIA ECONOMICA (objectives) The course aims to provide a a critical knowledge a) of the analytical methodologies of the reconstruction and interpretation of economic facts; b) of the main features and processes of transformation of the International economics in the contemporary age; particular attention is devoted to the Italian case in the 20th century	8	SECS-P/12	50	-	-	-	Elective activities	ITA
21201519 - CONSUMER LAW: CONSUMER PROTECTION - Derived from 21201519 DIRITTO DEI CONSUMI: TUTELA DEL CONSUMATORE in Economia e gestione aziendale L-18 BIFERALI GIORGIA (syllabus) The course focuses on the law relating to:- - consumer contracts - unfair contract terms - unfair commercial practices - consumer protection remedies - new digital technologies and consumer rights (reference books) Diritti e tutele dei consumatori, a cura di G. Recinto, L. Mezzasoma, S. Cherti, Esi, 2014 Diritto dei consumi, a cura di L. Rossi Carleo, Giappichelli, 2015	9	IUS/05	60	-	-	-	Elective activities	ITA
21201483 - ENVIRONMENTAL LAW
21201525 - AGRI-FOOD ECONOMICS AND POLICY (objectives) • Relations between agriculture and the rest of the economy, with reference to the Italian agri-food sector • Recalls of microeconomics and consumption theory, with reference to analyze the demand for agri-food products, with particular reference to product differentiation, quality and food safety • Production cost sand market structures, with reference to different forms of competition and market imperfections in the agri-food sector • The characteristics of the Italian agri-food system, with particular reference to the role and potential of Made in Italy in the world markets • The agricultural policies of the European Union, with particular reference to the multifunctionality of agriculture	9	SECS-P/02	60	-	-	-	Elective activities	ITA
21210010 - Teoria dei giochi (objectives) The course is a primer in game theory that aims to introduce students to the language and methods used to analyze static and dynamic games of complete and incomplete information. A special emphasis is posed on economic applications. Among the others, the course deals with problems concerning business strategies such as those related to the determination of sale prices and production/distribution quantities, strategies related to firm entry/exit and market positioning, bargaining, auction strategies and mechanisms, optimal policy, issues related to agents’ credibility and to the time-consistence/sustainability of their decisions. - Derived from 21210236 Game Theory in Scienze Economiche LM-56 (docente da definire)	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21210029 - Stage	9		-	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali
21210176-1 - modulo base - GIUA MARA	3		20	-	-	-	Elective activities	ITA
21210176-2 - modulo avanzato - DE MURO PASQUALE - GIUA MARA	6	SECS-P/02	40	-	-	-	Elective activities	ITA

21210073 - ECONOMIA E GESTIONE DELLE IMPRESE (objectives)

- ADDIS MICHELA (syllabus) (reference books)

9

SECS-P/08

60

-

Related or supplementary learning activities

ITA

21201473 - FINAL EXAM

3

20

-

Final examination and foreign language test

ITA

First semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210055 - ECONOMIA AZIENDALE (objectives) In line with the educating objectives of the Degree Course in Economics, the Course of Business Economics aims to provide students with the basic knowledge and tools for understanding the structure and behaviors of economic and production systems, investigating the characteristics and purposes of the different types of entities. The Course also provides the basic tools for the recognition of the accounting aspects of ordinary business management, using the accrual basis of accounting. At the end of the course, the student will have: - developed a complex and varied understanding method of the business phenomena; - become aware of the characteristics, structures and purposes of the main types of entities; - acquired a theoretical framework and an appropriate application capacity; - become confident with the basic categories of the accounting instruments and with the accrual accounting recognition techniques. Group: A - L - MENICUCCI ELISA (syllabus) GENERAL CHARACTERISTICS OF CORPORATE ORGANISATIONS First Part: BUSINESS ADMINISTRATION 1) The firm as an economic entity: General characteristics of the firm. Corporate entities: legal and economic identities. Types of firms. 2) The firm in its economic perspective: The enterprise as an individual economic undertaking: private enterprises and state-owned enterprises. The company’s purpose. Financial and economic stability as a prerequisite of a company’s existence. Economic stability and different types of economic operability. Payment for operating and production inputs used by enterprises. Corporate risk and who bears it. Income and profitability. Information Systems Governance and Internal controls (overview). Planning in business (overview). Second Parte: ACCRUAL ACCOUNTING 3) The organizational structure as part of the decision-making process; management control in modern corporations: Evolution of the corporate organizational models shaping the decision-making structure. Control exercised in corporations by different stakeholders. The planning and control function in modern corporations. 4) Corporate funding: Capital requirements, and how much is needed. Corporate funding: equity and debt capital in their various forms. Funding through cash generation. Capital structure of the company; choice of cost-efficient financing options; the dynamic relationship between equity and debt capital. Short-term capital and long-term financing. MONITORING AND MEASUREMENT OF COMPANY PERFORMANCE 1) The accounting rationale. Nature of data to be examined. Methodologies. The corporate record-keeping system in a broad sense. 2) Accounting practice: The theory of double entry bookkeeping. Double entry bookkeeping applied to manufacturing companies. Bookkeeping entries for general business transactions, initiating joint-stock companies, special transactions (wages and salaries, financial transactions etc…), adjusting entries and year-end closing entries. Practical exercises in applying accounting record-keeping systems and measurement principles to business transactions. (reference books) First Part: Business Administration Paoloni M., Paoloni P. (a cura di), Introduzione ed orientamento allo studio delle aziende, Giappichelli, 2009 Onida, P., Economia d'azienda, Utet, Torino, 1970 Zanda, G., Lineamenti di Economia Aziendale, Edizioni Kappa, Roma, 2006 Second Part: Accrual Accounting Paoloni M., Celli, M. (a cura di), Introduzione alla contabilità generale, CEDAM, 2012 (da pagina 75 a 123; da pagina 137 a 215; da pagina 220 a 243; da pagina 244 a 253; da pagina 255 a 279; da pagina 292 a 299; da pagina 304 a 309; da pagina 321 a 335; da pagina 364 a 377; da pagina 399 a 470). For business administration and accounting exercises: Paoloni M. (a cura di), Mattei G., Paoloni, N., Eserciziario di economia aziendale e contabilità, CEDAM, 2018 Group: M - Z - DEMARTINI PAOLA (syllabus) Syllabus 1) Organisations and entities. General characters: Aims of organisations. "Legal entity" and "economic entity." Various types of organisations 2) Broader characters of an Organisation. Private and public companies. Equilibrium conditions. Possible ways to remunerate resources used by the organisation. The business risk. Income and profit. 3) Funding The need for capital and its determination. Corporate finance, "equity" and "debt capital"; corporate self-financing; the dynamic relationship between "equity" and "debt capital". A corporate' s financial structure. 4) Accounting as a tool for information Logical moments. The nature of facts under investigation. Methods. 5) The accounting recognition Theory of the double-entry accounting. Systematic and comprehensive recording of financial transactions pertaining to a business. (reference books) David Boddy, Management: an Introduction, Financial Times Prentice Hall, 2011 Robert N. Anthony – Leslie K. Breitner, Essentials of Accounting, Prentice Hall, 2007 Slides/teaching notes will be available on the website	9	SECS-P/07	60	-	-	-	Basic compulsory activities	ITA
21210054 - MACROECONOMIA (objectives) Acquisition of the basic knowledge of the economic system as a whole, through an educational program that includes both lectures and practical classes. The first part of the course will introduce students to the basic knowledge of macro-economic magnitudes and variables: domestic product, aggregate consumption and investment, employment and unemployment, the general price level, public budget and international commercial flows. In the following part of the course, students will explore and compare the main theoretical interpretations of the working of the macro-economic system and their policy prescriptions. Group: A - L - PALUMBO ANTONELLA (syllabus) 1. National accounting system: basic defintions and identities. Main macroeconomic indicators 2. Keynes’s theory: aggregate demand and equilibrium output 3. Keynes’s theory: money and interest 4. The IS-LM model 5. The AS-AD model 6. Inflation and unemployment 7. Macroeconomics of the European Union 8. Money: creation and control (reference books) Compulsory material: 1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications) 2) Additional teaching material (lecture notes, etc, available on the website) Group: M - Z - Potestio Maria Paola (syllabus) The course consists of three modules First module: • National Accounts • Aggregate demand. Income multipliers • The IS-LM model Second module: • Aggregate demand in an open economy • The IS-LM model in an open economy Third module: • The labour market • The AD-AS model • The natural rate of unemployment and the Phillips curve • Inflation, production and money growth. The quantity theory of money • Introduction to growth models (reference books) Olivier Blanchard, Alessia Amighini, Francesco Giavazzi MACROECONOMIA. Una prospettiva europea Editore Il Mulino	9	SECS-P/01	60	-	-	-	Basic compulsory activities	ITA
21210408 - General Mathematics (objectives) The aim of the course is the acquisition of the mathematical method as a fundamental investigative tool for economic, financial and business disciplines. The student will be provided with elementary tools necessary to solve the simplest quantitative problems that arise in the economic, financial and business fields. In particular we will introduce the fundamental concepts of mathematical analysis for functions of one variable necessary to sketch the graph of a function and to solve simple optimal problems, with particular attention to possible economic applications of acquired notions. Elements of integral calculus and linear algebra will also be introduced Group: A - L - VELLUCCI PIERLUIGI (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(c.d.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009. Group: M - Z - MAZZOCCOLI ALESSANDRO (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(w.p.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: -Peccati, Salsa, Squellati. Matematica per l'economia e l'azienda. Egea. - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009.	9	SECS-S/06	60	-	-	-	Basic compulsory activities	ITA
21210411 - English Language (objectives) Refer to 'University Language Centre' http://www.cla.uniroma3.it/	5	L-LIN/12	-	-	30	-	Final examination and foreign language test	ENG
21201322 - INFORMATICS (objectives) • Provide the methodological and application knowledges in the fundamental areas of the computer science for the efficient use of the digital systems • Provide the competences for the correct use of the most popular application software. - BENEDETTO FRANCESCO	1	INF/01	25	-	-	-	Other activities	ITA

Second semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210409 - Public Law (objectives) The course aims to introduce the student to the knowledge of the Italian legal system, in its fundamental and characterizing elements, with in-depth analysis of the issues related to the management and organization of public authorities and public functions in relation to the community of citizens, institutional aspects and the dynamics of power management with particular regard to forms of participation within local, national and supranational systems. Group: A - L - ATRIPALDI MARIANGELA (syllabus) The program includes: Introduction to law Forms of State and forms of Government Beyond the State: the EU The sources of law Parliament and its functions Institutes of direct democracy The abrogative referendum. The Government and its functions The President of the Republic and his attributions Principles on the subject of Administration The other organs Local ordering Rights and freedom The economic Constitution Judicial power Constitutional Justice (reference books) It is recommended the study of one of the following books: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, latest edition P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, latest edition F. Modugno (a cura di), Diritto Pubblico, Torino, Giappichelli, latest edition C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, latest edition Group: M - Z - MAROTTA EGIDIO (syllabus) The Public Law course is divided into two modules. Module I covers the following topics: theory of social groups; the normative social groups; the structure of the legal system; power and its species; power-sharing techniques; the forms of exercise of power: the legal norm and the provision; subjects; interests; the goods; subjective legal situations; the legal facts; human behaviors; the legal effects; the responsability; the regulatory levels of government (international, European Community, state, local); the organization of public authorities; public functions (political direction, regulation, administration, jurisdiction). The II Module deals with the Italian legal system and the regulatory principles of its political, legislative, administrative and jurisdictional activity. (reference books) For preparation for Modules I and II we recommend studying a manual chosen from the following: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, ult. ed. C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, ult. ed. P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, ult. ed.	9	IUS/09	60	-	-	-	Basic compulsory activities	ITA
21210056 - MICROECONOMIA (objectives) The course aims to introduce concepts and arguments that are the basis of the analysis of economic theory, with particular reference to the explanation of commodity relative prices and the functional distribution of income (wages, profits and rents). The course addresses these issues by providing students with a pluralistic and critical view. In fact, the fundamental elements of the two main approaches to value and distribution are presented and compared: the surplus or classical approach and the marginalist or neoclassical theory. The study also includes the different relationships that both approaches establish between prices and levels of production and employment of resources, both at the aggregate level and at the level of individual production units. Group: A - L - CICCONE ROBERTO (syllabus) 1. Production and prices: general elements The production process. Production methods and their representation. The social production process. Economy of mere subsistence. Economy producung surplus. Basic and non-basic goods. 2. Fundamentals of the classical theory of distribution and relative prices The real wage and other circumstances taken as given in the 'core' of the theory. The concept of social surplus. Profits and general profit rate. Distinction and relationship between "normal" and "market" prices. Price equations: simultaneous determination of profit rate and relative prices. Importance and limits of the solutions to the problem attempted by Ricardo and Marx. The inverse wage-profit relationship. The theory of rent. 3. Fundamentals of the marginalist theory of distribution and relative prices The data of the theory. Consumer theory. Functions of consumption good demand. Production theory. Direct and indirect substitutability as analytical bases for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with the classical theory of distribution. Implications of general economic equilibrium: full employment of available resources; Pareto optimality; efficiency in exchange; efficiency in production; efficiency in the combination of outputs. The notion of capital as a single productive factor and the difficulties that derive from it (mention). 4. Analysis of the single industry and market forms The analysis of "partial" equilibrium. Short and long term cost curves of the individual enterprise. Equilibrium of enterprise and industry under competitive conditions, in the short and long period. Quantity produced and price, in the short and long period, in monopoly and monopolistic competition. The oligopoly: Cournot model. (reference books) "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1 "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 "La teoria marginalista della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.3 Materials (audio slides) distributed by the teacher With regard to the other text adopted, the chapters and paragraphs included in the programme are set out below, with reference to the latest edition (2017). Robert H. Frank e Edward Cartwright, Microeconomia Milano: McGraw-Hill, VII edizione, 2017 Capitoli e paragrafi in programma: Capitolo 3, La scelta razionale del consumatore, p. 51 {paragrafi: 3.1, 3.2, 3.3, 3.4; Appendice 3} Capitolo 4, La domanda individuale e la domanda di mercato, p. 93 {paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7} Capitolo 5, Le applicazioni delle teorie della scelta razionale e della domanda, p. 137 {limitatamente a: paragrafo 5.7; Appendice 5} Capitolo 9, La produzione, p. 267 {intero capitolo, inclusa Appendice 9} Capitolo 10, I costi, p. 297 {intero capitolo, esclusa Appendice 10} Capitolo 11, La concorrenza perfetta, p. 333 {paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.9, 11.12, 11.13} Capitolo 12, Il monopolio, p. 377 {paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6, 12.8} Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi, p. 427 {paragrafi: 13.1, 13.2, 13.4 limitatamente al sotto-paragrafo 13.4.1} Capitolo 15, L'equilibrio generale e l'efficienza dei mercati, p. 523 {paragrafi: 15.1, 15.2, 15.3, 15.4, 15.6,15.7 Group: M - Z - FRATINI SAVERIO MARIA (syllabus) Elements of the theory of production - inputs, outputs and production methods - the subsistence economy - the economy with a surplus The surplus approach to commodity value and income distribution - the relevance of social and institutional elements to income distribution - the explanation of the real wage rate - the "core" of the classical approach - the link between profit rate and relative prices - the price equations - the classical theory of rent The theory of consumer choice - budget set and budget constraint - preferences - consumer choice - consumer-good demand curves The theory of firm choice - the function of production - profit maximisation - isoquants and isocosts - the output expansion path and long-term cost curves Production factors and the marginalist explanation of income distribution - marginal and average productivity of factors - the demand curves of factors of production - equilibrium between supply and demand for factors of production Market forms - perfect competition - monopoly - Cournot oligopoly - Stackelberg oligopoly Introduction to the welfare economics - allocations and Edgeworth box - Pareto improvements and Pareto optima - first theorem of welfare economics (reference books) i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini). iv) Frank Robert H.; Cartwright Edward; Piras R. (cur.). Microeconomia. McGraw-Hill Libri Italia, Milano. 2017. v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210410 - Statistics (objectives) The course aims at providing students with specific competences in sampling tecniques and statistical data analysis. Particular relevance is given to probability and inference, as the course means to provide students with the necessary tools for supporting decisional processes through the management of data bases and the use of statistical models. Group: A - L - CONIGLIANI CATERINA (syllabus) An introduction to the fundamental ideas of statistics. Topics include: Descriptive statistics: graphical summaries of data, measuring the center of quantitative data (mode, median, mean), measuring the variability of quantitative data (standard deviation, variance), simmetry of a distribution (Fisher coefficient), the association between two variables (chi-square), the association between two quantitative variables (covariance, correlation coefficient). Probability: probability of events (probability of the complement of an event, of the union and intersection of two events, conditional probability, independent events, Bayes theorem), discrete and continuous random variables (the Bernoully r.v., the Binomial r.v., the Poisson r.v., the Normal r.v., the Student t r.v., che Chi-square r.v.). Inferential statistics: sample versus population, sampling distributions, point and interval estimates of population parameters, confidence intervals for a population mean and a proportion, significance tests about hypotheses on a population mean and a proportion, p-values, Chi-square tests for testing for independence and normality. Regression analysis: the regression line, ordinary least squares, describing the strength of the association, nonlinear regression models, confidence intervals and tests on the parameters of the regression line, prediction. (reference books) G.Cicchitelli, P.D'Urso, M.Minozzo. Statistica: principi e metodi. Pearson, terza edizione (2017): Chap. 1 (excluding 1.12), Chap. 2 (excluding 2.4, 2.5, 2.6), Chap. 3 (excluding 3.5, 3.6, 3.7), Chap. 4 (excluding 4.3, 4.4, 4.5, 4.6), Chap. 5 (excluding 5.3, 5.6, 5.7, 5.8), Chap. 6 (excluding 6.3), Chap. 9 (excluding 9.4), Chap. 10 (excluding 10.6), Chap. 11 (excluding 11.2.2), Chap. 12, Chap. 13, Chap. 14 (excluding 14.6, 14.7)],Chap. 17 (excluding 17.7.1), Chap.18 (excluding 18.3.1), Chap. 19 (excluding 19.5), Chap. 20 (excluding 20.5, 20.6), Chap. 22 (excluding 22.2.2), Chap. 23 (excluding 23.8). A collection of exercises by the teacher is available to students on Moodle. Group: M - Z - TERZI SILVIA (syllabus) descriptive statistics variables and their measurement univariate distributions describing data with tables and graphs measures of position variability bivariate descriptive statistics independence, association, correlation probability distributions for discrete and continuous variables sampling distributions Inference: estimation hypothesis test (reference books) A. Agresti, B. Finlay Statistical methods for the social sciences Pearson International Edition - 4th edition 2009	9	SECS-S/01	60	-	-	-	Core compulsory activities	ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21210071 - BILANCIO (objectives)

Group: A - L

- Ciaburri Mirella (syllabus) (reference books)

Group: M - Z

- DELLO STROLOGO ALBERTO

9

SECS-P/07

60

-

Core compulsory activities

ITA

21210072 - DIRITTO PRIVATO (objectives)

Group: A - L

- MACIOCE FRANCESCO (syllabus) (reference books)

Group: M - Z

- LONGOBUCCO FRANCESCO (syllabus) (reference books)

9

IUS/01

60

-

Related or supplementary learning activities

ITA

21201495 - PUBLIC FINANCE (objectives)

Group: AL

- Derived from 21201495 SCIENZA DELLE FINANZE in Economia L-33 A - L CRESPI FRANCESCO (syllabus) (reference books)

Group: MZ

- Derived from 21201495 SCIENZA DELLE FINANZE in Economia L-33 M - Z LIBERATI PAOLO (syllabus) (reference books)

9

SECS-P/03

60

-

Core compulsory activities

ITA

21201505 - STATISTICS FOR ECONOMICS (objectives)

Group: A - L

- BARBIERI MARIA MADDALENA (syllabus) (reference books)

Group: M - Z

- BARBIERI MARIA MADDALENA (syllabus) (reference books)

9

SECS-S/01

60

-

Core compulsory activities

ITA

Optional group: ECONOMIA POLITICA - 2° ANNO 1 ESAME A SCELTA TRA: - (show)

9

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. - Derived from 21210130 Monetary theory, institutions and policy in Scienze Economiche LM-56 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).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210413 - History of economic ideas and facts

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21210028 - Matematica per le applicazioni economiche (objectives)

- MASTROENI LORETTA CLARA LETIZIA (syllabus) (reference books)

9

SECS-S/06

60

-

Core compulsory activities

ITA

21201481 - ECONOMIC POLICY (objectives)

Group: A - L

- SCARLATO MARGHERITA (syllabus) (reference books)

Group: M - Z

- SALVATICI LUCA (syllabus) (reference books)

- GIUA MARA (syllabus) (reference books)

9

SECS-P/02

60

-

Core compulsory activities

ITA

Optional group: ECONOMIA POLITICA - 2° ANNO 1 ESAME A SCELTA TRA: - (show)

9

21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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, Undicesima Edizione Pearson, 2020.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210413 - History of economic ideas and facts
21210413-1 - History of economic ideas and facts - I mod. - Derived from 21210413-1 Storia delle idee e dei fatti economici - I mod. in Economia L-33 TREZZINI ATTILIO (syllabus) PART ONE The first industrial revolution (1750-1850) 1. Society and economy in the pre-industrial period. The cognitive and agricultural revolutions 2. Economic development 3. The premises of the English industrial revolution: population 4. The premises of the English industrial revolution: agriculture 5. The premises of the English industrial revolution: transport and commerce 6. Leading industries and innovations in Great Britain 7. The English industrial revolution: the problems 8. The second: France and the United States PART TWO The second industrial revolution (1850-1950) 9. The Stages of Growth (1850-1914) 10. The conditions for growth: population 11. The conditions for growth: transport, banks and money 12. Production activities 13. The big business 14. The industrialized countries: Great Britain and France 15. High-growth countries: Germany and the United States 16. Two special cases: Russia and Japan 17. The unification of Italy and the national economy 18. United Italy 19. The First World War and its aftermath 20. The Soviet Union 21. The Great Depression 22. Policies against depression PART THREE THE CONTEMPORARY ECONOMY (1950-2017) 23. A new revolution: demographic problems 24. A new revolution: the productive sectors 25. The reconstruction of the world economy 26. From the Goden Age to the Crisis 27. Neoliberalism and globalization PART FOUR. ITALY FROM 1945 TO TODAY II. Reconstruction and open economy: the strategic choices of the years 1944-1953 III. The golden years of the second globalization: 1953-1973 IV. Italy and the end of the «Golden Age»: interventionist state and Made in Italy V The challenges of the third globalization: 1992-2007 YOU. The Great Crisis of 2008 PART FIVE THE TRANSFORMATION OF INTERNATIONAL ECONOMIC EQUILIBRIA 33. The end of the planned economy: the Soviet Bloc 30. Developed economies: United States and Japan 34. The awakening of Asia 35. Latin America and Africa In-depth studies on the history of economic ideas Within the following volumes, parts will be identified to be used for the preparation of student works Alessandro Roncaglia, The age of disintegration History of contemporary economic thought, Bari, Laterza Editors, 2019 Ernesto Screpanti and Stefano Zamagni Profile of the History of Economic Thought Contemporary developments Carocci editore 2004 B. Happelbaum, The time of economists. False prophets, the free market and the disintegration of society, Milan, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics THE TOPICS IDENTIFIED FOR THE IN-DEPTH WORKS ARE: Topic 1: Milton Friedman and the end of Keynesian politics Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part One Chapters 1,2,3,4. Topic 2: The deregulation of the economy Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part II chapters 5,6 and 7. Topic 3: Neoliberalism and finance Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part III. Topic 4: Macroeconomic policies in the rise and fall of the Golden Age Epstein, J. And Schor, J. Macropolicy in the rise and fall of the Golden Age in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein Topic 5: The Fascist Corporate State. Piero Sraffa's Seminar in Cambridge. The text of Sraffa's seminar is published translated into Italian, as an appendix to the volume: De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Topic 6: The myth of the invisible hand: neoliberalisms Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Editori Laterza 2019 Chapter 7. The macroeconomics of the neoclassical synthesis and Chapter 8 The myth of the invisible hand: neoliberalisms Topic 7: From efficient financial markets to crisis theory Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Laterza Editors 2019 Chapter 7. The macroeconomics of the neoclassical synthesis Chapter 11 From efficient financial markets to crisis theory Topic 8: The History of Public Debt in Italy Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics (reference books) E. De Simone, Storia Economica. Dalla rivoluzione industriale alla rivoluzione informatica, Milano, Franco Angeli, 2019 P. Battilani, F. Fauri, L’economia italiana dal 1945 ad oggi, Bologna, Il Mulino, 2019 I lavori di approfondimento sulla storia delle idee economiche saranno preparati sulla base di parte dei seguenti testi Alessandro Roncaglia, L’età della disgregazione Storia del pensiero economico contemporaneo, Bari, Editori Laterza, 2019 Ernesto Screpanti e Stefano Zamagni Profilo di Storia del Pensiero economico Gli sviluppi contemporanei Carocci editore 2004 B. Happelbaum, Il tempo degli economisti. Falsi profeti, libero mercato e disgregazione della società, Milano, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. Nella bufera del Novecento. Antoni Gramsci e Piero Sraffa tra lotta politica e teoria critica. Hoepli 2017 Carnazza, G. (2021) “La Storia del Debito Pubblico in Italia” in Argomenti	3	SECS-P/04	20	-	-	-	Core compulsory activities	ITA
21210413-2 - History of economic ideas and facts - II mod. - Derived from 21210413-2 Storia delle idee e dei fatti economici - II mod. in Economia L-33 TREZZINI ATTILIO (syllabus) PART ONE The first industrial revolution (1750-1850) 1. Society and economy in the pre-industrial period. The cognitive and agricultural revolutions 2. Economic development 3. The premises of the English industrial revolution: population 4. The premises of the English industrial revolution: agriculture 5. The premises of the English industrial revolution: transport and commerce 6. Leading industries and innovations in Great Britain 7. The English industrial revolution: the problems 8. The second: France and the United States PART TWO The second industrial revolution (1850-1950) 9. The Stages of Growth (1850-1914) 10. The conditions for growth: population 11. The conditions for growth: transport, banks and money 12. Production activities 13. The big business 14. The industrialized countries: Great Britain and France 15. High-growth countries: Germany and the United States 16. Two special cases: Russia and Japan 17. The unification of Italy and the national economy 18. United Italy 19. The First World War and its aftermath 20. The Soviet Union 21. The Great Depression 22. Policies against depression PART THREE THE CONTEMPORARY ECONOMY (1950-2017) 23. A new revolution: demographic problems 24. A new revolution: the productive sectors 25. The reconstruction of the world economy 26. From the Goden Age to the Crisis 27. Neoliberalism and globalization PART FOUR. ITALY FROM 1945 TO TODAY II. Reconstruction and open economy: the strategic choices of the years 1944-1953 III. The golden years of the second globalization: 1953-1973 IV. Italy and the end of the «Golden Age»: interventionist state and Made in Italy V The challenges of the third globalization: 1992-2007 YOU. The Great Crisis of 2008 PART FIVE THE TRANSFORMATION OF INTERNATIONAL ECONOMIC EQUILIBRIA 33. The end of the planned economy: the Soviet Bloc 30. Developed economies: United States and Japan 34. The awakening of Asia 35. Latin America and Africa In-depth studies on the history of economic ideas Within the following volumes, parts will be identified to be used for the preparation of student works Alessandro Roncaglia, The age of disintegration History of contemporary economic thought, Bari, Laterza Editors, 2019 Ernesto Screpanti and Stefano Zamagni Profile of the History of Economic Thought Contemporary developments Carocci editore 2004 B. Happelbaum, The time of economists. False prophets, the free market and the disintegration of society, Milan, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics THE TOPICS IDENTIFIED FOR THE IN-DEPTH WORKS ARE: Topic 1: Milton Friedman and the end of Keynesian politics Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part One Chapters 1,2,3,4. Topic 2: The deregulation of the economy Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part II chapters 5,6 and 7. Topic 3: Neoliberalism and finance Binyamin Appelbaum "The Time of the Economists: False Prophets, Free Markets and the Disruption of Society." Hoepli 2019 Part III. Topic 4: Macroeconomic policies in the rise and fall of the Golden Age Epstein, J. And Schor, J. Macropolicy in the rise and fall of the Golden Age in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein Topic 5: The Fascist Corporate State. Piero Sraffa's Seminar in Cambridge. The text of Sraffa's seminar is published translated into Italian, as an appendix to the volume: De Vivo G. In the storm of the twentieth century. Antoni Gramsci and Piero Sraffa between political struggle and critical theory. Hoepli 2017 Topic 6: The myth of the invisible hand: neoliberalisms Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Editori Laterza 2019 Chapter 7. The macroeconomics of the neoclassical synthesis and Chapter 8 The myth of the invisible hand: neoliberalisms Topic 7: From efficient financial markets to crisis theory Alessandro Roncaglia The age of disintegration History of contemporary economic thought Rome, Laterza Editors 2019 Chapter 7. The macroeconomics of the neoclassical synthesis Chapter 11 From efficient financial markets to crisis theory Topic 8: The History of Public Debt in Italy Carnazza, G. (2021) "The History of Public Debt in Italy" in Topics (reference books) E. De Simone, Storia Economica. Dalla rivoluzione industriale alla rivoluzione informatica, Milano, Franco Angeli, 2019 P. Battilani, F. Fauri, L’economia italiana dal 1945 ad oggi, Bologna, Il Mulino, 2019 I lavori di approfondimento sulla storia delle idee economiche saranno preparati sulla base di parte dei seguenti testi Alessandro Roncaglia, L’età della disgregazione Storia del pensiero economico contemporaneo, Bari, Editori Laterza, 2019 Ernesto Screpanti e Stefano Zamagni Profilo di Storia del Pensiero economico Gli sviluppi contemporanei Carocci editore 2004 B. Happelbaum, Il tempo degli economisti. Falsi profeti, libero mercato e disgregazione della società, Milano, Hoepli, 2019 Epstein, J. And Schor, J. “Macropolicy in the rise and fall of the Golden Age” in Gerald Epstein (2019) The Political Economy of Central Banking. Contested Control and the Power of Finance, Selected Essays of Gerald Epstein De Vivo G. Nella bufera del Novecento. Antoni Gramsci e Piero Sraffa tra lotta politica e teoria critica. Hoepli 2017 Carnazza, G. (2021) “La Storia del Debito Pubblico in Italia” in Argomenti	6	SECS-P/12	40	-	-	-	Basic compulsory activities	ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

Optional group: ECONOMIA POLITICA 3° anno - Un insegnamento a scelta tra: - (show)

9

21201486 - FINANCIAL INTERMEDIATION AND MARKETS (objectives)

Group: A - D

- Derived from 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 A - D CARATELLI MASSIMO (syllabus) (reference books)

Group: E - O

- Derived from 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 E - O FIORDELISI FRANCO, CARBONI MARIKA (syllabus) (reference books)

Group: P - Z

- Derived from 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 P - Z STENTELLA LOPES FRANCESCO SAVERIO (syllabus) (reference books)

9

SECS-P/11

60

-

Related or supplementary learning activities

ITA

21201500 - ADMINISTRATIVE LAW (objectives)

- LAZZARA PAOLO

9

IUS/10

60

-

Core compulsory activities

ITA

Optional group: ECONOMIA POLITICA - 3° anno - due insegnamenti a scelta libera - (show)

18

21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts.
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. - Derived from 21201492 ECONOMIA PUBBLICA in Economia dell'ambiente e dello sviluppo LM-56 LIBERATI PAOLO (syllabus) 1) Welfare state; 2) Public utilities and regulation policies; 3) Fiscal federalism; 4) The theory of public debt; 5) European fiscal policies (reference books) Bosi P. (2019), Corso di Scienza delle Finanze, capitoli IV, V, VI, VII, VIII, Il Mulino, Bologna, Eighth edition. Additional material will be available during lectures.	9	SECS-P/03	60	-	-	-	Elective activities	ITA
21201507 - ECONOMIC HISTORY (objectives) The course aims to provide a a critical knowledge a) of the analytical methodologies of the reconstruction and interpretation of economic facts; b) of the main features and processes of transformation of the International economics in the contemporary age; particular attention is devoted to the Italian case in the 20th century
21210010 - TEORIA DEI GIOCHI (objectives) The course is a primer in game theory that aims to introduce students to the language and methods used to analyze static and dynamic games of complete and incomplete information. A special emphasis is posed on economic applications. Among the others, the course deals with problems concerning business strategies such as those related to the determination of sale prices and production/distribution quantities, strategies related to firm entry/exit and market positioning, bargaining, auction strategies and mechanisms, optimal policy, issues related to agents’ credibility and to the time-consistence/sustainability of their decisions. - Derived from 21210236 Game Theory in Scienze Economiche LM-56 (docente da definire)	9	SECS-P/01	60	-	-	-	Elective activities	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. - Derived from 21210130 Monetary theory, institutions and policy in Scienze Economiche LM-56 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).	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali

21201506 - HISTORY OF ECONOMIC THEORY (objectives)

21201506-1 - STORIA DEL PENSIERO ECONOMICO (objectives)

- CICCONE ROBERTO (syllabus) (reference books)

5

SECS-P/04

30

-

Core compulsory activities

ITA

21201506-2 - STORIA DEL PENSIERO ECONOMICO (objectives)

- TRABUCCHI PAOLO

4

SECS-P/04

30

-

Core compulsory activities

ITA

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201713 - Foundations of Political Economy (objectives)

21201713-1 - FONDAMENTI DI ECONOMIA POLITICA (objectives)

- TRABUCCHI PAOLO

5

SECS-P/01

30

-

Core compulsory activities

ITA

21201713-2 - FONDAMENTI DI ECONOMIA POLITICA (objectives)

- PALUMBO ANTONELLA (syllabus) (reference books)

4

SECS-P/01

30

-

Core compulsory activities

ITA

Optional group: ECONOMIA POLITICA 3° anno - Un insegnamento a scelta tra: - (show)

9

21210073 - ECONOMIA E GESTIONE DELLE IMPRESE (objectives) The Management course aims at: 1) Reading and interpreting business operations in today's world; 2) Knowing and discussing the basic processes of business management; 3) Knowing and applying the tools for the analysis of the evolution of the competitive environment in which companies operate; 4) Knowing and applying the basic operational tools to take managerial decisions; 5) Developing the proper knowledge to further deepen specific managerial processes in the next future. To achieve these goals, the course uses active and interactive teaching. Interactive participation is strongly recommended. - ADDIS MICHELA (syllabus) The course is structured in three parts: 1) The company and the strategy 2) The functions of company management 3) Operational management Specifically, the course deals with: Firms and their roles Firm and their environment Stakeholders theory Theory of the firm Strategic management of the company The competitive analysis Evolution of sectors and competitive structures The Resource Based View The competitive advantage The growth of the company The roles of corporate management: management, programming, control, human resources, information systems, knowledge management Operational management: marketing, production, finance, logistics, innovation, administration Please refer to the official page of the course. (reference books) Attending students • Textbook: Sciarelli, La gestione dell¿impresa. Tra teoria e pratica aziendale • Additional materials shared on the virtual class (MS Teams) • Notes Non-Attending students • Textbook: • Additional materials shared on the virtual class (MS Teams) Students interested in better examining the topics are kindly invited to discuss with the instructor.	9	SECS-P/08	60	-	-	-	Related or supplementary learning activities	ITA
21210190 - Finanza aziendale - MORRESI OTTORINO (syllabus) The most important topics of the course are as follows: 1. Business forms, separation between ownership and control, stock markets 2. Annual reports, balance sheet analysis and financial decision making 3. Net present value, the separation between consumption and investment, the law of one price, arbitrage 4. Time value of money, interest rates, cost of capital 5. Capital budgeting: cash flow estimation, DCF method, IRR, and alternative methods for valuing investments 6. Methods for estimating the price of stocks 7. Risk measures 8. Mean-variance models, portfolio diversification and the risk-return relationship 9. Capital asset pricing model (CAPM), beta and cost of capital 10. Capital structure and firm value in perfect markets (Modigliani and Miller theorems) 11. Debt and taxes 12. Bankruptcy costs, agency costs of debt and information asymmetries 13. Capital structure of Italian firms and international comparison 14. Weighted average cost of capital and adjusted present value (APV) 15. Capital budgeting with differrent capital structure policies (reference books) − Berk, J., DeMarzo, P., 2018. Finanza aziendale 1 - Fondamenti, Pearson, 4th edition, Chapters 1, 2, 3 (with Appendix), 4 (with Appendix), 5 (excluding Appendix), 7 (with Appendix), 8 (excluding section 8.5), 9 (with Appendix), 10, 11 (excluding Appendix), 12 (excluding section 12.4, with Appendix), 14, 15, 16, 18 (excluding section 18.4, with Appendix).	9	SECS-P/09	60	-	-	-	Related or supplementary learning activities	ITA

Optional group: ECONOMIA POLITICA - 3° anno - due insegnamenti a scelta libera - (show)

18

21201501 - LABOUR ECONOMICS (objectives) The course will highlight the macro and microeconomic peculiarities of the labor market. It will analyze the determinants of the level of employment and its composition, the relationship between unemployment and the rate of inflation, the determinants of the wage rate and wage differentials, the relationship between wages and labour productivity. As regards the recent evolutionary phenomena of the labour market, the course aims to analyze their quantitative and qualitative aspects and the implications for economic policy. In particular, it will focus on the evolution of the employment structure and labour underemployment, on full employment policies, on welfare systems, and on income support measures. - Derived from 21201501 ECONOMIA DEL LAVORO in Economia L-33 LEVRERO ENRICO SERGIO (syllabus) I. THE LABOUR MARKET - The peculiarity of the labour market - Changes in employment and its composition - The measure of labour unemployment and underemployment - Time and piece wages - Wage differentials - The share of wages in national income - Trade unions and collective bargaining II. THEORETICAL MODELS - The neoclassical theory of wages and employment - Employment and wages in the Keynesian model - The IS-LM model - From the Beveridge curve to the Phillips curve - The interpretations of the Phillips curve - The search theory and the theory of human capital - The new-Keynesian economics - Imperfection competition, NAIRU and distributive conflict - Alternative theories of wages and employment - Subsistence wage, surplus wage and the competition in the labour market III..EMPIRICAL ANALYSIS AND LABOUR POLICIES - The European strategy for employment - The reforms of the labour market in Italy and Europe - Welfare systems and financial capitalism - Measures against poverty: basic income and schemes of job-guarantee - Wages and labour productivity - Wage share and employment - Potential output, NAIRU and structural deficit - Innovations, productivity and working time (reference books) P. Tridico, ECONOMIA DEL LAVORO. Analisi macroeconomica, evidenze empiriche e politiche del lavoro" Mondadori Università, 2019. ES. Levrero, Lectures slides and notes	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21201526 - INDUSTRIAL ECONOMICS (objectives) To understand the functioning of markets different from perfect competition (monopoly, oligopoly, imperfect competition) and of the strategies used by firms operating in such markets, also with the analysis of theories of firm different from the neoclassical model studied in the class of microeconomics; to acquire the basic knowledge about antitrust policies, policies for the regulation of natural monopolies and industrial policies - Derived from 21201526 ECONOMIA INDUSTRIALE in Economia L-33 PIERUCCI ELEONORA (syllabus) 1. Concetti fondamentali a. Organizzazione industriale: cosa, come e perché (cap.1) b. Fondamenti di microeconomia (cap.2) c. Struttura di mercato e potere di mercato (cap.3) d. Tecnologia e costi di produzione (cap.4) 2. Il potere di monopolio a. Discriminazione di prezzo e monopolio: i prezzi lineari e non lineari (capp. 5 e 6) 3. Oligopolio e interazione strategica a. Concorrenza alla Cournot (cap. 8) b. Concorrenza dei prezzi (cap. 9) c. Concorrenza e decisioni sequenziali (cap. 10) 4. Strategie anticompetitive a. Prezzo limite e deterrenza all’entrata (cap. 11) b. Comportamento predatorio (cap. 12) c. Collusione e giochi ripetuti (cap. 13) 5. Relazioni contrattuali tra imprese a. Fusioni (cap. 15) b. Restrizioni verticali legate al prezzo (cap. 16) 6. Concorrenza non di prezzo a. Pubblicità, potere di mercato, concorrenza e informazione (cap. 17) (reference books) Libro di testo: Lynne Pepall, Daniel J. Richards, George Norman e Giacomo Calzolari "Organizzazione Industriale" terza edizione, Mc Graw Hill Education	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21201503 - INTERNATIONAL ECONOMICS (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits. The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world. The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas. All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed. The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts.
21201503-2 - ECONOMIA INTERNAZIONALE (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits.The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world.The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas.All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed.The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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 employmentLong-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 ratesOutput 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 StandardThe 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, Undicesima Edizione Pearson, 2020.	3	SECS-P/01	20	-	-	-	Elective activities	ITA
21201503-1 - ECONOMIA INTERNAZIONALE (objectives) The aim of the course is to present the main themes of international monetary macroeconomics. The course starts by laying out the way in which international relations are recorded in national accounts and balance of payments. In this way the course provides a framework for understanding the consequences for a country of running large current account surpluses or deficits.The course then focuses on different theories of the determination of the exchange rates. It also discusses the effects on the real economy and on the price levels of the commercial and financial relations of a country with the rest of the world.The institutional set-up of the euro area will be presented in relation to the theories considered, emphasizing Its peculiarities with respect to the theoretical debates about the alternative between fixed and flexible exchange rates and about the question of the optimal currency areas.All the topics will be analyzed trying to highlight the differences underlying the main theoretical models. The main official documents and economic reports published by national and international institutions on our country's international relations will also be analyzed.The material covered is not mathematically complex, but it is taught in a formal and rigorous manner, which assumes a good familiarity with basic economic concepts. - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche 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 employmentLong-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 ratesOutput 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 StandardThe 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, Undicesima Edizione Pearson, 2020.	6	SECS-P/01	40	-	-	-	Elective activities	ITA
21201507 - ECONOMIC HISTORY (objectives) The course aims to provide a a critical knowledge a) of the analytical methodologies of the reconstruction and interpretation of economic facts; b) of the main features and processes of transformation of the International economics in the contemporary age; particular attention is devoted to the Italian case in the 20th century
21201507-2 - STORIA ECONOMICA (objectives) The course aims to provide a a critical knowledge a) of the analytical methodologies of the reconstruction and interpretation of economic facts; b) of the main features and processes of transformation of the International economics in the contemporary age; particular attention is devoted to the Italian case in the 20th century	1	SECS-P/12	10	-	-	-	Elective activities	ITA
21201507-1 - STORIA ECONOMICA (objectives) The course aims to provide a a critical knowledge a) of the analytical methodologies of the reconstruction and interpretation of economic facts; b) of the main features and processes of transformation of the International economics in the contemporary age; particular attention is devoted to the Italian case in the 20th century	8	SECS-P/12	50	-	-	-	Elective activities	ITA
21210029 - Stage	9		-	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali
21210176-1 - modulo base - Derived from 21210176-1 modulo base in Economia L-33 GIUA MARA (syllabus) Introduction to the United Nations 2030 Agenda for Sustainable Development Analysis of the 17 SDGs (Sustainable Development Goals) and some relevant topics connected to them Critical discussion of the structure of the 2030 Agenda and the links between its various objectives, both in terms of synergies and possible conflicts Insights on specific topics and tools for measuring targets (reference books) Testo dell’Agenda 2030 https://asvis.it/l-agenda-2030-dell-onu-per-lo-sviluppo-sostenibile/ ASVIS. Rapporto 2022. L’Italia e gli Obiettivi di Sviluppo Sostenibile ASVIS. Il Piano Nazionale di Ripresa e Resilienza #NextGenerationItalia e lo sviluppo sostenibile ASVIS. L’evoluzione delle regioni italiane rispetto agli Obiettivi di sviluppo sostenibile ASVIS. Obiettivi di sviluppo sostenibile e politiche europee ASVIS. I territori e gli Obiettivi di sviluppo sostenibile Giovannini, E. La rivoluzione dei big data a sostegno dell'Agenda 2030, rivisteweb, ISSN: 1594-7580, Il Mulino pp. 64-69, DOI: 10.1406/83553, 2016. https://www.rivisteweb.it/doi/10.1406/83553 Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	3		20	-	-	-	Elective activities	ITA
21210176-2 - modulo avanzato - Derived from 21210176-2 modulo avanzato in Economia L-33 DE MURO PASQUALE, GIUA MARA (syllabus) The course will address the following themes: - What is sustainable development? - Presentation and critical discussion of the 2030 Agenda: antecedents, principles, general objectives, trade-offs and synergies - The 17 Sustainable Development Goals, their targets, and some connected relevant topics - The official indicators for each target and the Global Database of indicators - Insights on specific issues and on tools for measuring targets - Analysis of global and regional trends - Case-studies (reference books) The full text of 2030 Agenda, that can be downloaded for free from the following website: https://sustainabledevelopment.un.org/content/documents/21252030%20Agenda%20for%20Sustainable%20Development%20web.pdf The latest "UN Sustainable Development Goals Report" (published yearly), that can be downloaded for free from the following website: https://unstats.un.org/sdgs/report/2022/ The latest "UN Global Sustainable Development Report", that can be downloaded for free from the following website: https://sdgs.un.org/gsdr The latest "ISTAT SDGs Report. Statistical information for 2030 Agenda in Italy" (published yearly), that can be downloaded for free from the following website: https://www.istat.it/en/archivio/sdgs+report Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	6	SECS-P/02	40	-	-	-	Elective activities	ITA

21201473 - FINAL EXAM

3

20

-

Final examination and foreign language test

ITA

First semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210055 - ECONOMIA AZIENDALE (objectives) In line with the educating objectives of the Degree Course in Economics, the Course of Business Economics aims to provide students with the basic knowledge and tools for understanding the structure and behaviors of economic and production systems, investigating the characteristics and purposes of the different types of entities. The Course also provides the basic tools for the recognition of the accounting aspects of ordinary business management, using the accrual basis of accounting. At the end of the course, the student will have: - developed a complex and varied understanding method of the business phenomena; - become aware of the characteristics, structures and purposes of the main types of entities; - acquired a theoretical framework and an appropriate application capacity; - become confident with the basic categories of the accounting instruments and with the accrual accounting recognition techniques. Group: A - L - MENICUCCI ELISA (syllabus) GENERAL CHARACTERISTICS OF CORPORATE ORGANISATIONS First Part: BUSINESS ADMINISTRATION 1) The firm as an economic entity: General characteristics of the firm. Corporate entities: legal and economic identities. Types of firms. 2) The firm in its economic perspective: The enterprise as an individual economic undertaking: private enterprises and state-owned enterprises. The company’s purpose. Financial and economic stability as a prerequisite of a company’s existence. Economic stability and different types of economic operability. Payment for operating and production inputs used by enterprises. Corporate risk and who bears it. Income and profitability. Information Systems Governance and Internal controls (overview). Planning in business (overview). Second Parte: ACCRUAL ACCOUNTING 3) The organizational structure as part of the decision-making process; management control in modern corporations: Evolution of the corporate organizational models shaping the decision-making structure. Control exercised in corporations by different stakeholders. The planning and control function in modern corporations. 4) Corporate funding: Capital requirements, and how much is needed. Corporate funding: equity and debt capital in their various forms. Funding through cash generation. Capital structure of the company; choice of cost-efficient financing options; the dynamic relationship between equity and debt capital. Short-term capital and long-term financing. MONITORING AND MEASUREMENT OF COMPANY PERFORMANCE 1) The accounting rationale. Nature of data to be examined. Methodologies. The corporate record-keeping system in a broad sense. 2) Accounting practice: The theory of double entry bookkeeping. Double entry bookkeeping applied to manufacturing companies. Bookkeeping entries for general business transactions, initiating joint-stock companies, special transactions (wages and salaries, financial transactions etc…), adjusting entries and year-end closing entries. Practical exercises in applying accounting record-keeping systems and measurement principles to business transactions. (reference books) First Part: Business Administration Paoloni M., Paoloni P. (a cura di), Introduzione ed orientamento allo studio delle aziende, Giappichelli, 2009 Onida, P., Economia d'azienda, Utet, Torino, 1970 Zanda, G., Lineamenti di Economia Aziendale, Edizioni Kappa, Roma, 2006 Second Part: Accrual Accounting Paoloni M., Celli, M. (a cura di), Introduzione alla contabilità generale, CEDAM, 2012 (da pagina 75 a 123; da pagina 137 a 215; da pagina 220 a 243; da pagina 244 a 253; da pagina 255 a 279; da pagina 292 a 299; da pagina 304 a 309; da pagina 321 a 335; da pagina 364 a 377; da pagina 399 a 470). For business administration and accounting exercises: Paoloni M. (a cura di), Mattei G., Paoloni, N., Eserciziario di economia aziendale e contabilità, CEDAM, 2018 Group: M - Z - DEMARTINI PAOLA (syllabus) Syllabus 1) Organisations and entities. General characters: Aims of organisations. "Legal entity" and "economic entity." Various types of organisations 2) Broader characters of an Organisation. Private and public companies. Equilibrium conditions. Possible ways to remunerate resources used by the organisation. The business risk. Income and profit. 3) Funding The need for capital and its determination. Corporate finance, "equity" and "debt capital"; corporate self-financing; the dynamic relationship between "equity" and "debt capital". A corporate' s financial structure. 4) Accounting as a tool for information Logical moments. The nature of facts under investigation. Methods. 5) The accounting recognition Theory of the double-entry accounting. Systematic and comprehensive recording of financial transactions pertaining to a business. (reference books) David Boddy, Management: an Introduction, Financial Times Prentice Hall, 2011 Robert N. Anthony – Leslie K. Breitner, Essentials of Accounting, Prentice Hall, 2007 Slides/teaching notes will be available on the website	9	SECS-P/07	60	-	-	-	Basic compulsory activities	ITA
21210054 - MACROECONOMIA (objectives) Acquisition of the basic knowledge of the economic system as a whole, through an educational program that includes both lectures and practical classes. The first part of the course will introduce students to the basic knowledge of macro-economic magnitudes and variables: domestic product, aggregate consumption and investment, employment and unemployment, the general price level, public budget and international commercial flows. In the following part of the course, students will explore and compare the main theoretical interpretations of the working of the macro-economic system and their policy prescriptions. Group: A - L - PALUMBO ANTONELLA (syllabus) 1. National accounting system: basic defintions and identities. Main macroeconomic indicators 2. Keynes’s theory: aggregate demand and equilibrium output 3. Keynes’s theory: money and interest 4. The IS-LM model 5. The AS-AD model 6. Inflation and unemployment 7. Macroeconomics of the European Union 8. Money: creation and control (reference books) Compulsory material: 1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications) 2) Additional teaching material (lecture notes, etc, available on the website) Group: M - Z - Potestio Maria Paola (syllabus) The course consists of three modules First module: • National Accounts • Aggregate demand. Income multipliers • The IS-LM model Second module: • Aggregate demand in an open economy • The IS-LM model in an open economy Third module: • The labour market • The AD-AS model • The natural rate of unemployment and the Phillips curve • Inflation, production and money growth. The quantity theory of money • Introduction to growth models (reference books) Olivier Blanchard, Alessia Amighini, Francesco Giavazzi MACROECONOMIA. Una prospettiva europea Editore Il Mulino	9	SECS-P/01	60	-	-	-	Basic compulsory activities	ITA
21210408 - General Mathematics (objectives) The aim of the course is the acquisition of the mathematical method as a fundamental investigative tool for economic, financial and business disciplines. The student will be provided with elementary tools necessary to solve the simplest quantitative problems that arise in the economic, financial and business fields. In particular we will introduce the fundamental concepts of mathematical analysis for functions of one variable necessary to sketch the graph of a function and to solve simple optimal problems, with particular attention to possible economic applications of acquired notions. Elements of integral calculus and linear algebra will also be introduced Group: A - L - VELLUCCI PIERLUIGI (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(c.d.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009. Group: M - Z - MAZZOCCOLI ALESSANDRO (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(w.p.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: -Peccati, Salsa, Squellati. Matematica per l'economia e l'azienda. Egea. - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009.	9	SECS-S/06	60	-	-	-	Basic compulsory activities	ITA
21201322 - INFORMATICS (objectives) • Provide the methodological and application knowledges in the fundamental areas of the computer science for the efficient use of the digital systems • Provide the competences for the correct use of the most popular application software. - BENEDETTO FRANCESCO	1	INF/01	25	-	-	-	Other activities	ITA
21210411 - English Language (objectives) Refer to 'University Language Centre' http://www.cla.uniroma3.it/	5	L-LIN/12	-	-	30	-	Final examination and foreign language test	ENG

Second semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210409 - Public Law (objectives) The course aims to introduce the student to the knowledge of the Italian legal system, in its fundamental and characterizing elements, with in-depth analysis of the issues related to the management and organization of public authorities and public functions in relation to the community of citizens, institutional aspects and the dynamics of power management with particular regard to forms of participation within local, national and supranational systems. Group: A - L - ATRIPALDI MARIANGELA (syllabus) The program includes: Introduction to law Forms of State and forms of Government Beyond the State: the EU The sources of law Parliament and its functions Institutes of direct democracy The abrogative referendum. The Government and its functions The President of the Republic and his attributions Principles on the subject of Administration The other organs Local ordering Rights and freedom The economic Constitution Judicial power Constitutional Justice (reference books) It is recommended the study of one of the following books: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, latest edition P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, latest edition F. Modugno (a cura di), Diritto Pubblico, Torino, Giappichelli, latest edition C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, latest edition Group: M - Z - MAROTTA EGIDIO (syllabus) The Public Law course is divided into two modules. Module I covers the following topics: theory of social groups; the normative social groups; the structure of the legal system; power and its species; power-sharing techniques; the forms of exercise of power: the legal norm and the provision; subjects; interests; the goods; subjective legal situations; the legal facts; human behaviors; the legal effects; the responsability; the regulatory levels of government (international, European Community, state, local); the organization of public authorities; public functions (political direction, regulation, administration, jurisdiction). The II Module deals with the Italian legal system and the regulatory principles of its political, legislative, administrative and jurisdictional activity. (reference books) For preparation for Modules I and II we recommend studying a manual chosen from the following: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, ult. ed. C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, ult. ed. P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, ult. ed.	9	IUS/09	60	-	-	-	Basic compulsory activities	ITA
21210056 - MICROECONOMIA (objectives) The course aims to introduce concepts and arguments that are the basis of the analysis of economic theory, with particular reference to the explanation of commodity relative prices and the functional distribution of income (wages, profits and rents). The course addresses these issues by providing students with a pluralistic and critical view. In fact, the fundamental elements of the two main approaches to value and distribution are presented and compared: the surplus or classical approach and the marginalist or neoclassical theory. The study also includes the different relationships that both approaches establish between prices and levels of production and employment of resources, both at the aggregate level and at the level of individual production units. Group: A - L - CICCONE ROBERTO (syllabus) 1. Production and prices: general elements The production process. Production methods and their representation. The social production process. Economy of mere subsistence. Economy producung surplus. Basic and non-basic goods. 2. Fundamentals of the classical theory of distribution and relative prices The real wage and other circumstances taken as given in the 'core' of the theory. The concept of social surplus. Profits and general profit rate. Distinction and relationship between "normal" and "market" prices. Price equations: simultaneous determination of profit rate and relative prices. Importance and limits of the solutions to the problem attempted by Ricardo and Marx. The inverse wage-profit relationship. The theory of rent. 3. Fundamentals of the marginalist theory of distribution and relative prices The data of the theory. Consumer theory. Functions of consumption good demand. Production theory. Direct and indirect substitutability as analytical bases for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with the classical theory of distribution. Implications of general economic equilibrium: full employment of available resources; Pareto optimality; efficiency in exchange; efficiency in production; efficiency in the combination of outputs. The notion of capital as a single productive factor and the difficulties that derive from it (mention). 4. Analysis of the single industry and market forms The analysis of "partial" equilibrium. Short and long term cost curves of the individual enterprise. Equilibrium of enterprise and industry under competitive conditions, in the short and long period. Quantity produced and price, in the short and long period, in monopoly and monopolistic competition. The oligopoly: Cournot model. (reference books) "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1 "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 "La teoria marginalista della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.3 Materials (audio slides) distributed by the teacher With regard to the other text adopted, the chapters and paragraphs included in the programme are set out below, with reference to the latest edition (2017). Robert H. Frank e Edward Cartwright, Microeconomia Milano: McGraw-Hill, VII edizione, 2017 Capitoli e paragrafi in programma: Capitolo 3, La scelta razionale del consumatore, p. 51 {paragrafi: 3.1, 3.2, 3.3, 3.4; Appendice 3} Capitolo 4, La domanda individuale e la domanda di mercato, p. 93 {paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7} Capitolo 5, Le applicazioni delle teorie della scelta razionale e della domanda, p. 137 {limitatamente a: paragrafo 5.7; Appendice 5} Capitolo 9, La produzione, p. 267 {intero capitolo, inclusa Appendice 9} Capitolo 10, I costi, p. 297 {intero capitolo, esclusa Appendice 10} Capitolo 11, La concorrenza perfetta, p. 333 {paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.9, 11.12, 11.13} Capitolo 12, Il monopolio, p. 377 {paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6, 12.8} Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi, p. 427 {paragrafi: 13.1, 13.2, 13.4 limitatamente al sotto-paragrafo 13.4.1} Capitolo 15, L'equilibrio generale e l'efficienza dei mercati, p. 523 {paragrafi: 15.1, 15.2, 15.3, 15.4, 15.6,15.7 Group: M - Z - FRATINI SAVERIO MARIA (syllabus) Elements of the theory of production - inputs, outputs and production methods - the subsistence economy - the economy with a surplus The surplus approach to commodity value and income distribution - the relevance of social and institutional elements to income distribution - the explanation of the real wage rate - the "core" of the classical approach - the link between profit rate and relative prices - the price equations - the classical theory of rent The theory of consumer choice - budget set and budget constraint - preferences - consumer choice - consumer-good demand curves The theory of firm choice - the function of production - profit maximisation - isoquants and isocosts - the output expansion path and long-term cost curves Production factors and the marginalist explanation of income distribution - marginal and average productivity of factors - the demand curves of factors of production - equilibrium between supply and demand for factors of production Market forms - perfect competition - monopoly - Cournot oligopoly - Stackelberg oligopoly Introduction to the welfare economics - allocations and Edgeworth box - Pareto improvements and Pareto optima - first theorem of welfare economics (reference books) i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini). iv) Frank Robert H.; Cartwright Edward; Piras R. (cur.). Microeconomia. McGraw-Hill Libri Italia, Milano. 2017. v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210410 - Statistics (objectives) The course aims at providing students with specific competences in sampling tecniques and statistical data analysis. Particular relevance is given to probability and inference, as the course means to provide students with the necessary tools for supporting decisional processes through the management of data bases and the use of statistical models. Group: A - L - CONIGLIANI CATERINA (syllabus) An introduction to the fundamental ideas of statistics. Topics include: Descriptive statistics: graphical summaries of data, measuring the center of quantitative data (mode, median, mean), measuring the variability of quantitative data (standard deviation, variance), simmetry of a distribution (Fisher coefficient), the association between two variables (chi-square), the association between two quantitative variables (covariance, correlation coefficient). Probability: probability of events (probability of the complement of an event, of the union and intersection of two events, conditional probability, independent events, Bayes theorem), discrete and continuous random variables (the Bernoully r.v., the Binomial r.v., the Poisson r.v., the Normal r.v., the Student t r.v., che Chi-square r.v.). Inferential statistics: sample versus population, sampling distributions, point and interval estimates of population parameters, confidence intervals for a population mean and a proportion, significance tests about hypotheses on a population mean and a proportion, p-values, Chi-square tests for testing for independence and normality. Regression analysis: the regression line, ordinary least squares, describing the strength of the association, nonlinear regression models, confidence intervals and tests on the parameters of the regression line, prediction. (reference books) G.Cicchitelli, P.D'Urso, M.Minozzo. Statistica: principi e metodi. Pearson, terza edizione (2017): Chap. 1 (excluding 1.12), Chap. 2 (excluding 2.4, 2.5, 2.6), Chap. 3 (excluding 3.5, 3.6, 3.7), Chap. 4 (excluding 4.3, 4.4, 4.5, 4.6), Chap. 5 (excluding 5.3, 5.6, 5.7, 5.8), Chap. 6 (excluding 6.3), Chap. 9 (excluding 9.4), Chap. 10 (excluding 10.6), Chap. 11 (excluding 11.2.2), Chap. 12, Chap. 13, Chap. 14 (excluding 14.6, 14.7)],Chap. 17 (excluding 17.7.1), Chap.18 (excluding 18.3.1), Chap. 19 (excluding 19.5), Chap. 20 (excluding 20.5, 20.6), Chap. 22 (excluding 22.2.2), Chap. 23 (excluding 23.8). A collection of exercises by the teacher is available to students on Moodle. Group: M - Z - TERZI SILVIA (syllabus) descriptive statistics variables and their measurement univariate distributions describing data with tables and graphs measures of position variability bivariate descriptive statistics independence, association, correlation probability distributions for discrete and continuous variables sampling distributions Inference: estimation hypothesis test (reference books) A. Agresti, B. Finlay Statistical methods for the social sciences Pearson International Edition - 4th edition 2009	9	SECS-S/01	60	-	-	-	Core compulsory activities	ITA

First semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210071 - BILANCIO (objectives) The course of “Financial Reporting” aims to provide participants with an introduction to the theoretical and practical aspects of financial reporting. Starting with a basic overview of the main theory on financial reporting, participants will then be exposed to the generally accepted accounting standards and more specific standards for unlisted companies. Group: A - L - Ciaburri Mirella (syllabus) Part 1 - The theory of Financial Statements -Introduction to the study of the Financial Statements - The basic functions of the Financial Statements - The nature of income and capital - The purposes of the Financial Statements - The relationship between income, evaluation criteria and purposes of the Financial Statements - The goals of the Financial Statements in corporate doctrine: the "alpha" goal and the "beta" goal Part 2 - The Financial Statements according to the Civil Code - The Financial Statement documents - Structure and content (Articles 2423-ter - 2425 of the Italian Civil Code) - The general clause and the principles for preparing the Financial Statements (articles 2423 - 2423-bis of the Italian Civil Code) - The specific evaluation criteria (art. 2426 of the civil code) - Fixed assets - Receivables - Inventories (Lifo, Fifo, Cmp) - Work in progress assets - The content of the Notes and the Management Report Part 3 – Accounting - Closing accounting entries, general closure and reopening of accounts - Fixed assets – Depreciation, amortization and devaluation - Financial Investments – Equity Method - Inventories and work in progress – FIFO, LIFO and WACC Part 4 - Fundamentals of financial statement analysis - Reclassification of BS and IS - Ratios - Statement of Cash Flows – Direct and Indirect Method (reference books) Suggested readings: Part 1 and 2: Tutino M. (2017), Bilancio e nuovi OIC, Cedam Part 3: Paoloni M., Celli M. (2012), Introduzione alla contabilità generale, Cedam Part 4: Paolucci G. (2016), Analisi di Bilancio, Hoepli Slides and exercises available on the Professor's web page Group: M - Z - DELLO STROLOGO ALBERTO	9	SECS-P/07	60	-	-	-	Core compulsory activities	ITA
21210072 - DIRITTO PRIVATO (objectives) Private Law (S.S.D. IUS/01) is a basic legal course whose aim is to give the students a starting point for their further economic studies and access to work. Lessons will be oriented to interpretate Italian and European Law, to solve cases, to enforce the general clauses and values of our Constitutional Legal System. Exam is oral and it is necessary to consult the Italian Civil Code while studying the books. Group: A - L - MACIOCE FRANCESCO (syllabus) Introduction to Italian Private Law and Interpretation. Person Law. Property Law. Obligations and Contracts. Tort Law. Family Law. Inheritance Law. Private Enforcement and Civil evidence. (reference books) Ask the Professor for English lectures. Group: M - Z - LONGOBUCCO FRANCESCO (syllabus) Introduction to Italian Private Law and Interpretation. Person Law. Property Law. Obligations and Contracts. Tort Law. Family Law. Inheritance Law. Private Enforcement and Civil evidence. (reference books) Ask the Professor for English lectures.	9	IUS/01	60	-	-	-	Related or supplementary learning activities	ITA
21201495 - PUBLIC FINANCE (objectives) The aim of the course is to provide the analytical tools and the necessary knowledge to understand and assess the problems raised by the public intervention in the economy, as well as by the collective choices. The allocative, distributive and macroeconomic consequences of the main tools will also be analysed. Particular attention is paid to the economic analysis of taxes and at the structure of the Italian tax system. Group: A - L - LIBERATI PAOLO Group: M - Z - LIBERATI PAOLO (syllabus) • The evolution of the analysis of Public Finance • Public goods • Taxes: characteristics and classification • The economic effects of taxes • The economic analysis of taxes and the theory of incidence • The main taxes in the Italian tax system (reference books) 1) Introduzione al corso di Scienza delle Finanze, available on line 2) Di Majo A. (2021), Introduzione alla Scienza delle Finanze, Edizioni Pigreco, Roma (chapters 5, 6, 7 until page 325). 3) Bosi P., Guerra M.C. (2022), I tributi nell'economia italiana, Il Mulino, Bologna (Introduzione and chapters III, IV, V, VI, VIII).	9	SECS-P/03	60	-	-	-	Core compulsory activities	ITA
21201505 - STATISTICS FOR ECONOMICS (objectives) The course has two aims: to foster the ability to interpret economic systems and their tendencies through the main economic statistics produced by the official organizations and to introduce the basic methods to analyse economic data. In particular the course covers the production of economic indicators, the basic of classical time series analysis, also to correctly perform a short-term analysis, the linear regression model and its generalizations.Theoretical concepts will be illustrated using the most recent Italian economic data. The statistical analysis will be done using the software R. Group: A - L - BARBIERI MARIA MADDALENA (syllabus) Main official statistical surveys: data production and interpretation. In particular: Consumer prices, Industrial production, Labour forces, Household consumptions, Income and living conditions, Household Income and Wealth. National accounts. Main statistical indicators for economic phenomena: (simple and complex) index numbers, measures of concentration. Calendar adjusted and seasonal adjusted time series; chain-linked values. The use of moving averages to reconstruct the trend. Introduction to econometrics. Single and multiple Linear Regression: ordinary least squares, goodness of fit, homoscedasticity and heteroscedasticity, nonlinear regression functions. An introduction to the use of R for statistical analysis. (reference books) Class notes (in Italian) downloadable from the Moodle space of the course. Press releases (Istat - Banca d'Italia). Stock J.H. and Watson M.W., Introduction to Econometrics, Global edition, 4th Edition, 2020, Pearson. Group: M - Z - BARBIERI MARIA MADDALENA (syllabus) Main official statistical surveys: data production and interpretation. In particular: Consumer prices, Industrial production, Labour forces, Household consumptions, Income and living conditions, Household Income and Wealth. National accounts. Main statistical indicators for economic phenomena: (simple and complex) index numbers, measures of concentration. Calendar adjusted and seasonal adjusted time series; chain-linked values. The use of moving averages to reconstruct the trend. Introduction to econometrics. Single and multiple Linear Regression: ordinary least squares, goodness of fit, homoscedasticity and heteroscedasticity, nonlinear regression functions. An introduction to the use of R for statistical analysis. (reference books) Class notes (in Italian) downloadable from the webpage of the course inside the website of the School. Press releases (Istat - Banca d'Italia). Stock J.H. and Watson M.W., Introduction to Econometrics, Update, Global edition, 3rd Edition, 2014, Pearson.	9	SECS-S/01	60	-	-	-	Core compulsory activities	ITA

Second semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21201494 - FINANCIAL MATHEMATICS (objectives) The course aims to set the logical foundations of financial evaluation, to provide the basics for the markets’ formalization and for the measurement of the value and risk of financial contracts, to introduce the evaluation of traditional insurance contracts. Group: AL - Derived from 21201494 MATEMATICA FINANZIARIA in Economia e gestione aziendale L-18 A - D MOTTURA CARLO DOMENICO (syllabus) 1. PRELIMINARY CONCEPTS Money, time and risks. Present and future value, principal and interest. Contracts, exchange, prices. The risks. 2. FOUNDATIONS OF FINANCIAL CONTRACTS EVALUATION 2.1 EVALUATION IN CERTAINTY CONDITIONS Financial laws in certainty conditions. The exponential law. Annuities and mortgages. Internal rate of return on a financial transaction. Theory of financial equivalence laws. 2.2 FINANCIAL OPERATIONS IN THE MARKET. Value function and market price. The term structure. Duration indices and variability indices. Arbitrage valuations of floating rate notes. Interest Rate Swap. Term structure measurement. Term structure evolution. Introduction to financial options. Basic elements on equity options. Basic elements on traditional life insurance contracts. (reference books) David G. Luenberger Investment Science Oxford University Press (any edition) Annamaria Olivieri, Ermanno Pitacco Introduction to Insurance Mathematics Springer, 2011 Group: MZ - Derived from 21201494 MATEMATICA FINANZIARIA in Economia e gestione aziendale L-18 E - O CARLEO ALESSANDRA (syllabus) 1. PRELIMINARY CONCEPTS Money, time and risks. Present and future value, principal and interest. Contracts, exchange, prices. The risks. 2. FOUNDATIONS OF FINANCIAL CONTRACTS VALUATION 2.1 VALUATION IN CERTAINTY CONDITIONS Financial laws under certainty conditions. The exponential law. Annuities and mortgages. Internal rate of return of a financial transaction. Theory of financial laws. 2.2 FINANCIAL OPERATIONS IN THE MARKET. Value function and market price. The term structure. Duration indices and variability indices. Arbitrage valuation of floating rate notes. Interest Rate Swap. Term structure measurement. Term structure evolution. Introduction to financial options. Basic elements on equity options. Basic elements on traditional life insurance contracts. (reference books) David G. Luenberger Investment Science Oxford University Press (any edition) Annamaria Olivieri, Ermanno Pitacco Introduction to Insurance Mathematics Springer, 2011	9	SECS-S/06	60	-	-	-	Core compulsory activities	ITA
21201481 - ECONOMIC POLICY (objectives) The objective of the course is the understanding of the main economic policies and institutions and the analysis of their roles, functions and regulations. The course helps to build a good economic knowledge on fiscal and monetary policies in closed and open economies, redistributive policy, and structural reforms, with a focus on current economic and political topics (i.e. the current debate on the Eurozone). Group: A - L - SCARLATO MARGHERITA (syllabus) The course will concentrate on selected important economic policy issues and relevant economic tools. The specific topics will be of contemporary interest, and will be announced by the start of each year. In any year the topics covered are likely to include some of the following: Globalisation: effects on welfare, development and income distribution; ii Inequality; Global imbalances ; Tax, fiscal policy and unemployment; Monetary policy and exchange rate frameworks ; Financial integration and currency unions ; Financial crises and relevant policies ; endogenous growth, exhaustible resources and relevant policies. (reference books) R Cellini Politica Economica, Mc Graw Hill 2019 Group: M - Z - SALVATICI LUCA (syllabus) o Economic policy motivations, functions and tools o Micro e macro objectives of economic policy o Markets and economic competition o Externalities, public goods, information asymmetries, strategic interdependence o Fiscal policy: scenarios and current context o Monetary policy: transmission channels, Central Banks, Euro debate, inflation o Globalization, international systems and relations: strategic interdependence, the balance of payments and exchange rate, protectionism and trade agreements o Income, wealth, development and growth policy o European economic policy in the globalized context o Regional, Industrial and Labour policies (reference books) Modulo 1: Politica economica. Introduzione ai modelli fondamentali, di Roberto Cellini (McGraw Hill, 2019), capitoli: 1, 2, 3, 4, 5, 6, 7, 8, 10, 11, 17, 18, 19, 20, 22, 23, 24, 27.1, 27.2, 27.3, 27.5, 27.6 Dilemmi sociali e comportamenti strategici. Perché conviene essere razionali, di Bruno Chiarini (Mondadori Università), capitoli: 1, 2, 3 e Appendice Modulo 2: Politica economica. Introduzione ai modelli fondamentali, di Roberto Cellini (McGraw Hill, 2019), capitoli: 12, 13, 14, 15, 16, 25, 26, 27.4 Evidence-based Policy!, a cura di Guido De Blasio, Antonio Nicita e Fabio Pammolli (Il Mulino), capitoli: 5, 7 - GIUA MARA (syllabus) o Economic policy motivations, functions and tools o Micro e macro objectives of economic policy o Markets and economic competition o Externalities, public goods, information asymmetries, strategic interdependence o Fiscal policy: scenarios and current context o Monetary policy: transmission channels, Central Banks, Euro debate, inflation o Globalization, international systems and relations: strategic interdependence, the balance of payments and exchange rate, protectionism and trade agreements o Income, wealth, development and growth policy o European economic policy in the globalized context o Regional, Industrial and Labour policies (reference books) Module 1: Politica economica. Introduzione ai modelli fondamentali, di Roberto Cellini (McGraw Hill, 2019), capitoli: 1, 2, 3, 4, 5, 6, 7, 8, 10, 11, 17, 18, 19, 20, 22, 23, 24, 27.1, 27.2, 27.3, 27.5, 27.6 Dilemmi sociali e comportamenti strategici. Perché conviene essere razionali, di Bruno Chiarini (Mondadori Università), capitoli: 1, 2, 3 e Appendice Modulo 2: Politica economica. Introduzione ai modelli fondamentali, di Roberto Cellini (McGraw Hill, 2019), capitoli: 12, 13, 14, 15, 16, 25, 26, 27.4 Evidence-based Policy!, a cura di Guido De Blasio, Antonio Nicita e Fabio Pammolli (Il Mulino), capitoli: 5, 7	9	SECS-P/02	60	-	-	-	Core compulsory activities	ITA
21210190 - Finanza aziendale - MORRESI OTTORINO (syllabus) The most important topics of the course are as follows: 1. Business forms, separation between ownership and control, stock markets 2. Annual reports, balance sheet analysis and financial decision making 3. Net present value, the separation between consumption and investment, the law of one price, arbitrage 4. Time value of money, interest rates, cost of capital 5. Capital budgeting: cash flow estimation, DCF method, IRR, and alternative methods for valuing investments 6. Methods for estimating the price of stocks 7. Risk measures 8. Mean-variance models, portfolio diversification and the risk-return relationship 9. Capital asset pricing model (CAPM), beta and cost of capital 10. Capital structure and firm value in perfect markets (Modigliani and Miller theorems) 11. Debt and taxes 12. Bankruptcy costs, agency costs of debt and information asymmetries 13. Capital structure of Italian firms and international comparison 14. Weighted average cost of capital and adjusted present value (APV) 15. Capital budgeting with differrent capital structure policies (reference books) − Berk, J., DeMarzo, P., 2018. Finanza aziendale 1 - Fondamenti, Pearson, 4th edition, Chapters 1, 2, 3 (with Appendix), 4 (with Appendix), 5 (excluding Appendix), 7 (with Appendix), 8 (excluding section 8.5), 9 (with Appendix), 10, 11 (excluding Appendix), 12 (excluding section 12.4, with Appendix), 14, 15, 16, 18 (excluding section 18.4, with Appendix).	9	SECS-P/09	60	-	-	-	Core compulsory activities	ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201486 - FINANCIAL INTERMEDIATION AND MARKETS (objectives)

Group: A - D

- Derived from 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 A - D CARATELLI MASSIMO (syllabus) (reference books)

Group: E - O

- Derived from 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 E - O FIORDELISI FRANCO, CARBONI MARIKA (syllabus) (reference books)

Group: P - Z

- Derived from 21201486 ECONOMIA DEGLI INTERMEDIARI FINANZIARI in Economia e gestione aziendale L-18 P - Z STENTELLA LOPES FRANCESCO SAVERIO (syllabus) (reference books)

9

SECS-P/11

60

-

Related or supplementary learning activities

ITA

Optional group: ECONOMIA E FINANZA 3° anno - 1 insegnamento a scelta tra: - (show)

9

21201717 - MONETARY POLICY AND FINANCIAL MARKETS (objectives) 1. To analyse the major differences in financial systems over the world. 2. To understand the globalisation and convergence processes in financial systems. 3. To analyse some structural features and functions of fund channelling. The course is divided into three parts. In the first one the main models of monetary theory are examined, aiming at investigating the role and functioning of the demand and supply of money. The second part analyzes the objectives, instruments and transmission mechanisms of monetary policy, in the light of the main economic theories. The third part analyzes the interactions between the functioning of financial markets and the transmission mechanisms of monetary policy, focusing on the empirical cases of the financial crisis of 2007-2008 and its economic and monetary impact, the euro crisis in 2011 and the current volatility of the financial markets. - Derived from 21210248 Politica monetaria e mercati finanziari in Scienze Economiche LM-56 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.	9	SECS-P/02	60	-	-	-	Core compulsory activities	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. - Derived from 21210130 Monetary theory, institutions and policy in Scienze Economiche LM-56 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).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA

Optional group: ECONOMIA E FINANZA - 3° anno - due insegnamenti a scelta libera - (show)

18

21201487 - THE ECONOMICS OF SECURITIES MARKETS (objectives) The course aims at providing an in-depth treatment of major asset classes and financial instruments. After a discussion of basic features of bond, equity and derivative markets, the course focuses on portfolio theory (Portfolio Selection by Markowitz, Capital Asset Pricing Model) and asset management. - Derived from 21201487 ECONOMIA DEL MERCATO MOBILIARE in Economia e gestione aziendale L-18 0 RICCI ORNELLA (syllabus) The program can be divided in four modules. Part I · Government bonds and corporate bonds · Yiled curve · Evaluation, return and risk of bonds Part II · Evaluation, return and risk of equity shares · Markowitz Portfolio Selection and Capital Asset Pricing Model Part III · Investment services and asset allocation · Asset allocation strategies · Performance evaluation in asset allocation Part IV · Financial derivatives: forward, future, swap, option · Investment certificates (reference books) Bodie Z., Kane A., Marcus A. J. Essentials of investments, 10th Edition, Mc-Graw Hill (chapters 1,2,3,4,5,6,7,8,10,11,13,15,17,18) Additional materials will be available in the course web page.	9	SECS-P/11	60	-	-	-	Elective activities	ITA
21201489 - ECONOMY OF INSURANCE AND WELFARE COMPANIES (objectives) The course aims at providing an in-depth treatment of major insurance and pension funds topics. After a discussion of basic concepts of risk management and insurance, the course focuses on main life and non-life insurance products. The economics of insurance companies is then examined considering both the managerial and the regulatory perspectives. - Derived from 21201489 ECONOMIA DELLE IMPRESE DI ASSICURAZIONE E DELLA PREVIDENZA in Finanza e impresa LM-16 N0 RICCI ORNELLA (syllabus) Basic concepts in risk management and insurance Insurance regulation Insurance Company Operations Life Insurance Property and casualty insurance (reference books) George E. Rejda, Michael McNamara (2013) Principles of Risk Management and Insurance (12th Edition) (Pearson Series in Finance)	9	SECS-P/11	60	-	-	-	Elective activities	ITA
21210001 - ANALISI STATISTICA PER LE SCIENZE SOCIALI (objectives) Aim of the course is to provide the student with an adequate preparation on the statistical concepts and methods that can be used to collect, elaborate and synthesize data concerning economical and social phenomena. Much attention will be paid to conditions that need to be fulfilled for the different tecniques to be appliable, stressing their analytical potentialities. The course is focused mainly on applications of the different tecniques. - Derived from 21210001 ANALISI STATISTICA PER LE SCIENZE SOCIALI in Lavoro e Welfare LM-56 TERZI SILVIA, FORTUNA FRANCESCA (syllabus) The course is divided into two modules A first module is about multivariate statistics, i.e. it aims to illustrate some multivariate statistics methods and - above all - some applications. The second module (which takes place in parallel to the first one) aims to teach how to apply these methods by means of software R Topics dealt with in the first module (prof. S.Terzi): The first lessons will be dedicated to the summary of basic statistical concepts (such as variance, covariance, correlation, linear combinations) and matrix algebra. We will then move on to the study of possible syntheses of the data matrix: principal component analysis; cluster analysis. Finally, after a brief summary of simple bivariate regression, we will move on to the study of multiple regression. Much emphasis will be placed on case studies. Topics dealt with in the second module (prof. F. Fortuna): Introduction to the main commands of R and R-studio; principal component analysis, cluster analysis and linear regression in R. Discussion of study cases. (reference books) https://cran.r-project.org/doc/contrib/DellOmodarme-esercitazioni-R.pdf B.F.J. Manly and J.A. Navarro Alberto. Multivariate Statistical Methods: A Primer, Fourth Edition. Taylor & Francis (2016)	9	SECS-S/01	60	-	-	-	Elective activities	ITA
21201518 - COMMERCIAL LAW (objectives) The course aims to provide students with the fundamental elements of Business law, explaining the business activity and its different forms (soleownership, partnership).. Particular attention is devoted to the system of sources of Commercial and Corporate Law (Business law), to the historical origins of the rules, to their economic function, to jurisprudence and case law. Company law represents the main part of class lessons The study of the fundamental principles of Business law requires a good knowledge of Private law. Group: AL - Derived from 21201518 DIRITTO COMMERCIALE in Economia e gestione aziendale L-18 AL VALENSISE PAOLO Group: MZ - Derived from 21201518 DIRITTO COMMERCIALE in Economia e gestione aziendale L-18 MZ DI CECCO GIUSTINO (syllabus) The course, articulated in a single module, will cover the following topics: 1. The entrepreneur (of any kind). 2. The rules set forth for the commercial enterprises. 2. Companies and other business organizations. 4. The joint-stock company and the limited partnership by shares. 5. Transformation, merger and spin-off. 6. The co-operative companies, the consortia and the joint-ventures. 7. Entrepreneur’s auxiliaries; the establishment. 8. Debt securities and promissory notes. 9. Bankruptcy (general principles). (reference books) L. De Angelis (edited by), Diritto commerciale, Wolters Kluwers/Cedam, last edition. pages 1-93 pages 125-134 pages 137-709 pages 777-828 pages 887-922 V. Buonocore (conceived by), Manuale di diritto commerciale, Torino, Giappichelli, last edition, 2020: pages 7-63 pages 103-126 pages 163-180 pages 181-700 pages 985-1044 pages 1045-1074 pages 1150-1164 It’s recommended studying the subject with an updated Civil Code, comprehensive of connected laws.	9	IUS/04	60	-	-	-	Elective activities	ITA
21201500 - ADMINISTRATIVE LAW (objectives) The course explores the main topics of administrative law: organization and structures of public administration, privatization of public bodies and services. Much attention will be paid to civil service issues and management discipline; administrative procedures under rule of law, discretion, fairness, and regulatory unreasonableness. The student must achieve: 1) knowledge of the general theory of administrative law; 2) knowledge of the traditional approach of administrative law studies; 3) awareness of the significant changes in the reference regulatory framework concerning the public administration. - Derived from 21201500 DIRITTO AMMINISTRATIVO in Economia L-33 N0 LAZZARA PAOLO	9	IUS/10	60	-	-	-	Elective activities	ITA
21201503 - INTERNATIONAL ECONOMICS
21210010 - TEORIA DEI GIOCHI (objectives) The course is a primer in game theory that aims to introduce students to the language and methods used to analyze static and dynamic games of complete and incomplete information. A special emphasis is posed on economic applications. Among the others, the course deals with problems concerning business strategies such as those related to the determination of sale prices and production/distribution quantities, strategies related to firm entry/exit and market positioning, bargaining, auction strategies and mechanisms, optimal policy, issues related to agents’ credibility and to the time-consistence/sustainability of their decisions. - Derived from 21210236 Game Theory in Scienze Economiche LM-56 (docente da definire)	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21210029 - Stage	9		60	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali

Optional group: ECONOMIA E FINANZA 3° anno - 1 esame a scelta tra - (show)

9

21201485 - FINANCIAL MARKET LAW (objectives) The purpose of the course is to provide exhaustive knowledge of financial intermediaries, markets and the supervisory agency and, particularly, the following matters: financial markets laws; solicitation to the public; services and investment firms; institutional investors; company listed shares rules; controls on the securities market. - Derived from 21201485 DIRITTO DEI MERCATI FINANZIARI in Economia e gestione aziendale L-18 N0 VALENSISE PAOLO	9	IUS/05	60	-	-	-	Core compulsory activities	ITA
21201500 - ADMINISTRATIVE LAW (objectives) The course explores the main topics of administrative law: organization and structures of public administration, privatization of public bodies and services. Much attention will be paid to civil service issues and management discipline; administrative procedures under rule of law, discretion, fairness, and regulatory unreasonableness. The student must achieve: 1) knowledge of the general theory of administrative law; 2) knowledge of the traditional approach of administrative law studies; 3) awareness of the significant changes in the reference regulatory framework concerning the public administration. - LAZZARA PAOLO	9	IUS/10	60	-	-	-	Core compulsory activities	ITA

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201513 - FINANCIAL ANALYSIS (objectives)

- VENANZI DANIELA (syllabus) (reference books)

9

SECS-P/09

60

-

Related or supplementary learning activities

ITA

Optional group: ECONOMIA E FINANZA - 3° anno - due insegnamenti a scelta libera - (show)

18

21201512 - ANALYSIS AND COST ACCOUNTING (objectives) The course aims to dive into the analytical logics and methodologies and into the cost determination tools in the production companies. The different elements of production costs are analyzed, together with the problems inherent with their detection and their use in decision-making processes, with the aim of pursuing the company’s economic and financial balance trend. The student will be guided in the world of analytical accounting, through the analysis of costs, revenues and margins for several reference matters that are significant for the management: productions, phases, activities, responsibility centers, areas, customers, business. In the training course different methodologies will be explored, applied to the various cognitive aims of the management, as well as to give an answer to its decision-making needs: efficiency, productivity, pricing, strategic variations, formal accountability, utility decisions. The student will be able to elaborate on the different methodologies such as full costing, direct costing, advanced direct costing, activity based costing, differential analysis. - Derived from 21201512 ANALISI E CONTABILITÀ DEI COSTI in Economia e gestione aziendale L-18 BIONDI LUCIA (syllabus) 1. Cost recognition and calculation methodologies 1.1. Cost accounting within the management accounting system 1.2. The classification of costs and the different cost configurations 1.3. The determination of costs according to the full costing technique 1.4. The determination of costs according to the simple and evolved direct costing technique 2. Cost centre accounting 2.1. Creation of a cost centre map and allocation of business costs 2.2. Operation of a cost centre accounting system and its limitations 3. Costs and business decisions 3.1. The typology of production processes 3.2. The cost-volume-results analysis 3.3. The use of the contribution margin in business decisions (product mix, make or buy, pricing and profitability assessments, differential analysis, etc.) 4. Overview of innovative cost analysis and management issues 4.1. Cost accounting in the Anglo-Saxon tradition 4.2. Changes in organisational and management architectures and cost analysis 4.2. Costing from business processes and activities: activity-based costing 5. Notes on accounting systems 5.1 Single integrated system 5.2 Dual accounting system Case-studies (reference books) – Datar S. Rajan M.: Cost Accounting, Pearson Education 2017 - Anthony R. Hawkins D. Kenneth A.: Accounting: texts and cases, Mc Graw Hill Companies, 12th edition 2013	9	SECS-P/07	60	-	-	-	Elective activities	ITA
21201524 - TAXATION LAW (objectives) The course aims to provide students with elements of the Italian tax system; in a case in which we are dealing with processes in which, instead, we focus on the analysis of the system of individual taxes. Evaluation method: the students of the course are evaluated on the basis of exams, they have been evaluated based on the theoretical preparation. - Derived from 21201524 DIRITTO TRIBUTARIO in Economia e gestione aziendale L-18 N0 MARINI GIUSEPPE (syllabus) GENERAL The notion of tax and the classification of taxes The tax law The sources of tax law The integrity of the norm in time and space The interpretation of the tax law The constitutional principles Abuse of tax law and tax avoidance The tax report and its subjects Instrumental obligations The investigation The assessment Collection The refund Sanctions Jurisdictional protection SPECIAL The star system in Italy The income tax The IRES The IRAP The registration tax Inheritance and gift tax The IMU (reference books) AA.VV., Fondamenti di diritto tributario, Wolters Kluwer, 2020 studiare da pag 3 a pag. 192; da pag. 217 a 230; da pag. 243 a 249; da pag. 265 a 336 (in particolare capitoli 1, 2, 3, 4 sezione I, capitolo 4 sezione II da Sintesi introduttiva fino al paragrafo 4 incluso, paragrafo 7, paragrafo 10, capitolo 5).	9	IUS/12	60	-	-	-	Elective activities	ITA
21210073 - ECONOMIA E GESTIONE DELLE IMPRESE (objectives) The Management course aims at: 1) Reading and interpreting business operations in today's world; 2) Knowing and discussing the basic processes of business management; 3) Knowing and applying the tools for the analysis of the evolution of the competitive environment in which companies operate; 4) Knowing and applying the basic operational tools to take managerial decisions; 5) Developing the proper knowledge to further deepen specific managerial processes in the next future. To achieve these goals, the course uses active and interactive teaching. Interactive participation is strongly recommended. - ADDIS MICHELA (syllabus) The course is structured in three parts: 1) The company and the strategy 2) The functions of company management 3) Operational management Specifically, the course deals with: Firms and their roles Firm and their environment Stakeholders theory Theory of the firm Strategic management of the company The competitive analysis Evolution of sectors and competitive structures The Resource Based View The competitive advantage The growth of the company The roles of corporate management: management, programming, control, human resources, information systems, knowledge management Operational management: marketing, production, finance, logistics, innovation, administration Please refer to the official page of the course. (reference books) Attending students • Textbook: Sciarelli, La gestione dell¿impresa. Tra teoria e pratica aziendale • Additional materials shared on the virtual class (MS Teams) • Notes Non-Attending students • Textbook: • Additional materials shared on the virtual class (MS Teams) Students interested in better examining the topics are kindly invited to discuss with the instructor.	9	SECS-P/08	60	-	-	-	Elective activities	ITA
21201503 - INTERNATIONAL ECONOMICS
21201503-2 - ECONOMIA INTERNAZIONALE - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche LM-56 TREZZINI ATTILIO	3	SECS-P/01	20	-	-	-	Elective activities	ITA
21201503-1 - ECONOMIA INTERNAZIONALE - Derived from 21201503 ECONOMIA INTERNAZIONALE in Scienze Economiche LM-56 TREZZINI ATTILIO	6	SECS-P/01	40	-	-	-	Elective activities	ITA
21210028 - Matematica per le applicazioni economiche (objectives) The aim of the course is to broaden and consolidate the acquisition of the mathematical method as a fundamental investigation tool for economic, financial and business disciplines. To this end, the course is divided into four parts. In the first part we provide notions of linear algebra to study linear systems and diagonalization of matrices. In the second part the student will be introduced to the study of differential calculus for functions of several variables. In the third part the course provides tools to recognize and study free and constrained optimization problems. In the fourth part solution methods for simple systems and differential equations will be provided. - MASTROENI LORETTA CLARA LETIZIA (syllabus) LINEAR ALGEBRA. MULTIVARIABLE CALCULUS IMPLICIT FUNCTIONS. QUADRATIC FORMS. FREE AND CONSTRAINED OPTIMIZATION THEORY. ORDINARY DIFFERENTIAL EQUATIONS. SYSTEMS OF DIFFERENTIAL EQUATIONS. ECONOMIC AND FINANCIAL APPLICATIONS (reference books) L. Mastroeni, A. Mazzoccoli, Matematica per le applicazioni economiche, Ed Pearson	9	SECS-S/06	60	-	-	-	Elective activities	ITA
21201499 - DERIVATIVES AND PORTFOLIO THEORY (objectives) The course has the objective of providing basic foundations for portfolio selection, real estate investments, and derivative contracts valuation. - Derived from 21201499 TEORIA DEL PORTAFOGLIO E DEI CONTRATTI DERIVATI in Economia e gestione aziendale L-18 N0 GHENO ANDREA, MARTIRE ANTONIO LUCIANO (syllabus) PART I: BOND PORTFOLIO Theory of bond portfolios. Bond market structure. Semi-deterministic theories of immunization. STOCK PORTFOLIO Financial decision theory in conditions of uncertainty. The logic of choosing between risky alternatives. The theory of expected utility. Insurance contracts and utility theory. The mean-variance analysis. The market and portfolio choices. The second-order characteristics of the portfolio. Average-variance optimization. The determination of averages and covariance. Diversification and risk measures. The Capital Asset Pricing Model. General considerations on expectations and risk in efficient markets. CAPM as a model of balance. Measurement and estimation issues. Extensions and applications. REAL ESTATE INVESTMENT Real estate investments. Characteristics of the real estate market. Selection and management of real estate portfolios. PART II: DERIVATIVES Forward contracts. Forward contracts and markets. The arbitrage relationship between spot and forward prices. Spot exchange and forward exchange. Futures contracts. Features. Daily readjustment mechanism. Futures and spot prices. Hedging and speculation with futures contracts. Futures on stock indices and on bonds. Financial options. The logic of the options. Call and put options. European and American options. Arbitrage restrictions for the option price. The binomial model. The risk-neutral evaluation. The evaluation of American options. More general options. (reference books) Luenberger, D., Investment Science, OUP, 2013	9	SECS-S/06	60	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali
21210176-1 - modulo base - Derived from 21210176-1 modulo base in Economia L-33 GIUA MARA (syllabus) Introduction to the United Nations 2030 Agenda for Sustainable Development Analysis of the 17 SDGs (Sustainable Development Goals) and some relevant topics connected to them Critical discussion of the structure of the 2030 Agenda and the links between its various objectives, both in terms of synergies and possible conflicts Insights on specific topics and tools for measuring targets (reference books) Testo dell’Agenda 2030 https://asvis.it/l-agenda-2030-dell-onu-per-lo-sviluppo-sostenibile/ ASVIS. Rapporto 2022. L’Italia e gli Obiettivi di Sviluppo Sostenibile ASVIS. Il Piano Nazionale di Ripresa e Resilienza #NextGenerationItalia e lo sviluppo sostenibile ASVIS. L’evoluzione delle regioni italiane rispetto agli Obiettivi di sviluppo sostenibile ASVIS. Obiettivi di sviluppo sostenibile e politiche europee ASVIS. I territori e gli Obiettivi di sviluppo sostenibile Giovannini, E. La rivoluzione dei big data a sostegno dell'Agenda 2030, rivisteweb, ISSN: 1594-7580, Il Mulino pp. 64-69, DOI: 10.1406/83553, 2016. https://www.rivisteweb.it/doi/10.1406/83553 Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	3		20	-	-	-	Elective activities	ITA
21210176-2 - modulo avanzato - Derived from 21210176-2 modulo avanzato in Economia L-33 DE MURO PASQUALE, GIUA MARA (syllabus) The course will address the following themes: - What is sustainable development? - Presentation and critical discussion of the 2030 Agenda: antecedents, principles, general objectives, trade-offs and synergies - The 17 Sustainable Development Goals, their targets, and some connected relevant topics - The official indicators for each target and the Global Database of indicators - Insights on specific issues and on tools for measuring targets - Analysis of global and regional trends - Case-studies (reference books) The full text of 2030 Agenda, that can be downloaded for free from the following website: https://sustainabledevelopment.un.org/content/documents/21252030%20Agenda%20for%20Sustainable%20Development%20web.pdf The latest "UN Sustainable Development Goals Report" (published yearly), that can be downloaded for free from the following website: https://unstats.un.org/sdgs/report/2022/ The latest "UN Global Sustainable Development Report", that can be downloaded for free from the following website: https://sdgs.un.org/gsdr The latest "ISTAT SDGs Report. Statistical information for 2030 Agenda in Italy" (published yearly), that can be downloaded for free from the following website: https://www.istat.it/en/archivio/sdgs+report Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	6	SECS-P/02	40	-	-	-	Elective activities	ITA

21201473 - FINAL EXAM

3

20

-

Final examination and foreign language test

ITA

First semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210055 - ECONOMIA AZIENDALE (objectives) In line with the educating objectives of the Degree Course in Economics, the Course of Business Economics aims to provide students with the basic knowledge and tools for understanding the structure and behaviors of economic and production systems, investigating the characteristics and purposes of the different types of entities. The Course also provides the basic tools for the recognition of the accounting aspects of ordinary business management, using the accrual basis of accounting. At the end of the course, the student will have: - developed a complex and varied understanding method of the business phenomena; - become aware of the characteristics, structures and purposes of the main types of entities; - acquired a theoretical framework and an appropriate application capacity; - become confident with the basic categories of the accounting instruments and with the accrual accounting recognition techniques. Group: A - L - MENICUCCI ELISA (syllabus) GENERAL CHARACTERISTICS OF CORPORATE ORGANISATIONS First Part: BUSINESS ADMINISTRATION 1) The firm as an economic entity: General characteristics of the firm. Corporate entities: legal and economic identities. Types of firms. 2) The firm in its economic perspective: The enterprise as an individual economic undertaking: private enterprises and state-owned enterprises. The company’s purpose. Financial and economic stability as a prerequisite of a company’s existence. Economic stability and different types of economic operability. Payment for operating and production inputs used by enterprises. Corporate risk and who bears it. Income and profitability. Information Systems Governance and Internal controls (overview). Planning in business (overview). Second Parte: ACCRUAL ACCOUNTING 3) The organizational structure as part of the decision-making process; management control in modern corporations: Evolution of the corporate organizational models shaping the decision-making structure. Control exercised in corporations by different stakeholders. The planning and control function in modern corporations. 4) Corporate funding: Capital requirements, and how much is needed. Corporate funding: equity and debt capital in their various forms. Funding through cash generation. Capital structure of the company; choice of cost-efficient financing options; the dynamic relationship between equity and debt capital. Short-term capital and long-term financing. MONITORING AND MEASUREMENT OF COMPANY PERFORMANCE 1) The accounting rationale. Nature of data to be examined. Methodologies. The corporate record-keeping system in a broad sense. 2) Accounting practice: The theory of double entry bookkeeping. Double entry bookkeeping applied to manufacturing companies. Bookkeeping entries for general business transactions, initiating joint-stock companies, special transactions (wages and salaries, financial transactions etc…), adjusting entries and year-end closing entries. Practical exercises in applying accounting record-keeping systems and measurement principles to business transactions. (reference books) First Part: Business Administration Paoloni M., Paoloni P. (a cura di), Introduzione ed orientamento allo studio delle aziende, Giappichelli, 2009 Onida, P., Economia d'azienda, Utet, Torino, 1970 Zanda, G., Lineamenti di Economia Aziendale, Edizioni Kappa, Roma, 2006 Second Part: Accrual Accounting Paoloni M., Celli, M. (a cura di), Introduzione alla contabilità generale, CEDAM, 2012 (da pagina 75 a 123; da pagina 137 a 215; da pagina 220 a 243; da pagina 244 a 253; da pagina 255 a 279; da pagina 292 a 299; da pagina 304 a 309; da pagina 321 a 335; da pagina 364 a 377; da pagina 399 a 470). For business administration and accounting exercises: Paoloni M. (a cura di), Mattei G., Paoloni, N., Eserciziario di economia aziendale e contabilità, CEDAM, 2018 Group: M - Z - DEMARTINI PAOLA (syllabus) Syllabus 1) Organisations and entities. General characters: Aims of organisations. "Legal entity" and "economic entity." Various types of organisations 2) Broader characters of an Organisation. Private and public companies. Equilibrium conditions. Possible ways to remunerate resources used by the organisation. The business risk. Income and profit. 3) Funding The need for capital and its determination. Corporate finance, "equity" and "debt capital"; corporate self-financing; the dynamic relationship between "equity" and "debt capital". A corporate' s financial structure. 4) Accounting as a tool for information Logical moments. The nature of facts under investigation. Methods. 5) The accounting recognition Theory of the double-entry accounting. Systematic and comprehensive recording of financial transactions pertaining to a business. (reference books) David Boddy, Management: an Introduction, Financial Times Prentice Hall, 2011 Robert N. Anthony – Leslie K. Breitner, Essentials of Accounting, Prentice Hall, 2007 Slides/teaching notes will be available on the website	9	SECS-P/07	60	-	-	-	Basic compulsory activities	ITA
21210054 - MACROECONOMIA (objectives) Acquisition of the basic knowledge of the economic system as a whole, through an educational program that includes both lectures and practical classes. The first part of the course will introduce students to the basic knowledge of macro-economic magnitudes and variables: domestic product, aggregate consumption and investment, employment and unemployment, the general price level, public budget and international commercial flows. In the following part of the course, students will explore and compare the main theoretical interpretations of the working of the macro-economic system and their policy prescriptions. Group: A - L - PALUMBO ANTONELLA (syllabus) 1. National accounting system: basic defintions and identities. Main macroeconomic indicators 2. Keynes’s theory: aggregate demand and equilibrium output 3. Keynes’s theory: money and interest 4. The IS-LM model 5. The AS-AD model 6. Inflation and unemployment 7. Macroeconomics of the European Union 8. Money: creation and control (reference books) Compulsory material: 1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications) 2) Additional teaching material (lecture notes, etc, available on the website) Group: M - Z - Potestio Maria Paola (syllabus) The course consists of three modules First module: • National Accounts • Aggregate demand. Income multipliers • The IS-LM model Second module: • Aggregate demand in an open economy • The IS-LM model in an open economy Third module: • The labour market • The AD-AS model • The natural rate of unemployment and the Phillips curve • Inflation, production and money growth. The quantity theory of money • Introduction to growth models (reference books) Olivier Blanchard, Alessia Amighini, Francesco Giavazzi MACROECONOMIA. Una prospettiva europea Editore Il Mulino	9	SECS-P/01	60	-	-	-	Basic compulsory activities	ITA
21210408 - General Mathematics (objectives) The aim of the course is the acquisition of the mathematical method as a fundamental investigative tool for economic, financial and business disciplines. The student will be provided with elementary tools necessary to solve the simplest quantitative problems that arise in the economic, financial and business fields. In particular we will introduce the fundamental concepts of mathematical analysis for functions of one variable necessary to sketch the graph of a function and to solve simple optimal problems, with particular attention to possible economic applications of acquired notions. Elements of integral calculus and linear algebra will also be introduced Group: A - L - VELLUCCI PIERLUIGI (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(c.d.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009. Group: M - Z - MAZZOCCOLI ALESSANDRO (syllabus) Logic and set theory: Propositions. Logical operations with propositions. Logical implication. Sets. Operations with sets. Cartesian product. Applications. Injective and surjective applications. One-to-one correspondence. Inverse application. Numeric numbers and sets: Natural numbers. Integer or relative numbers. Rational numbers. Real numbers and representation on the line. Bounded sets. Upper and lower extreme of sets of rational and real numbers. Intervals and neighborhoods. Accumulation, internal, isolated points. Open sets and closed sets. Summations and products: Definition of summation. Properties. Special sums. Sum of the first n natural numbers. Arithmetic and geometric progressions and sum of their first n terms. Factorial. Real functions of a real variable: Definition of a real function of a real variable. The Euclidean plane and the graph of a function. Injective and surjective functions and graph. Even and odd functions. Increasing and decreasing functions. Concave and convex functions. Bounded functions. Composition function. Inverse function, monotonicity and invertibility, inverse function graph. Elementary functions. Functions with two laws. Transforming graphs. Domain of a function. Definition of a sequence. Limits: Definition of limit. Convergence and divergence. Right limit and left limit. Vertical and horizontal asymptotes. Limit uniqueness theorem (w.p.). Sign permanence theorem in direct and inverse form (w.p.). Comparison theorem. Limit checks. Operations with limits. Indeterminate forms. Infinitesimals and infinities: Definition of infinitesimal and infinite. Comparing infinitesimals and infinities. Order of infinitesimals and infinities. Propagation of the order. Computing limits with infinitesimals and infinities (w.p.). Continuity and discontinuity: Definition of continuity. Limits and continuity. Classification of discontinuity points. Continuity of rational functions. Continuity of the inverse. Continuity of composition functions. Theorem of zeros (w.p.). Weierstrass theorem. Darboux's theorem (w.p.). Differential calculus: Derivative of a function. Geometric interpretation. Derivability and continuity (w.p.) Points of non-derivability. Higher order derivatives. Derivatives of elementary functions. Rules of derivation. Chain rule. Derivative of the inverse function. Differential. First order approximation (w.p.). Taylor and McLaurin polynomial. Approximations of higher order. Stationary points. Local maxima and minima. First order necessary conditions for the existence of local maxima and minima. Fermat's theorem (w.p.). Rolle's theorem (w.p.). Lagrange theorem (w.p.). Lagrange theorem’s corollaries: zero-derivative functions (w.p.). Relations between monotonicity and derivative sign (w.p.). Local concave and convex functions. Relationship between the second order derivative and the concavity (w.p.). Points of inflection. Sufficient second order conditions for the existence of relative maxima and minima (w.p.). Sufficient conditions of order n for the existence of relative maxima and minima or inflections points (w.p.). De L'Hôpital theorem and application to limit calculus. Graph of a function: Representation of the graph of a function on the Euclidean plane. Oblique asymptotes. Linear algebra: Vectors and vector spaces. Geometric representation of vectors. Linear combination of vectors. Linearly dependent and independent vectors. Rank of a set of vectors. Matrices. Operations with matrices. Product rows by columns. Particular matrices. Transposed matrix. Determinant of a matrix of order n. Properties of the determinant. Rank of a matrix. Rank and linear independence of vectors. Systems of linear equations. Cramer's theorem. Rouché-Capelli theorem. Homogeneous systems. Parametric systems. Integral calculus: Primitive functions. Indefinite integral. Characterization of the set of primitives (w.p.). Properties of the indefinite integral. Integral of elementary functions. Integration by parts (w.p.). Integration by substitution (w.p.). Definite integral. Properties of the definite integral. Integral function. Integral mean theorem(w.p.). Fundamental theorem of integral calculus (w.p.). Corollary to Torricelli-Barrow's theorem: relationship between the definite integral and the indefinite integral (w.p.). Applications. (w.p.) = “with proof” (reference books) Suggested materials: - Notes can be downloaded online from the course Matematica Generale on Moodle at the website: https://economia.el.uniroma3.it/ Optional materials: -Peccati, Salsa, Squellati. Matematica per l'economia e l'azienda. Egea. - Alberto Bersani, Francesco Manzini, Loretta Mastroeni. Esercizi di Matematica Generale: Per i corsi del nuovo ordinamento delle Facoltà di Economia. Società Editrice Esculapio, 2009.	9	SECS-S/06	60	-	-	-	Basic compulsory activities	ITA
21210411 - English Language (objectives) Refer to 'University Language Centre' http://www.cla.uniroma3.it/	5	L-LIN/12	-	-	30	-	Final examination and foreign language test	ENG
21201322 - INFORMATICS (objectives) • Provide the methodological and application knowledges in the fundamental areas of the computer science for the efficient use of the digital systems • Provide the competences for the correct use of the most popular application software. - BENEDETTO FRANCESCO	1	INF/01	25	-	-	-	Other activities	ITA

Second semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210409 - Public Law (objectives) The course aims to introduce the student to the knowledge of the Italian legal system, in its fundamental and characterizing elements, with in-depth analysis of the issues related to the management and organization of public authorities and public functions in relation to the community of citizens, institutional aspects and the dynamics of power management with particular regard to forms of participation within local, national and supranational systems. Group: A - L - ATRIPALDI MARIANGELA (syllabus) The program includes: Introduction to law Forms of State and forms of Government Beyond the State: the EU The sources of law Parliament and its functions Institutes of direct democracy The abrogative referendum. The Government and its functions The President of the Republic and his attributions Principles on the subject of Administration The other organs Local ordering Rights and freedom The economic Constitution Judicial power Constitutional Justice (reference books) It is recommended the study of one of the following books: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, latest edition P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, latest edition F. Modugno (a cura di), Diritto Pubblico, Torino, Giappichelli, latest edition C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, latest edition Group: M - Z - MAROTTA EGIDIO (syllabus) The Public Law course is divided into two modules. Module I covers the following topics: theory of social groups; the normative social groups; the structure of the legal system; power and its species; power-sharing techniques; the forms of exercise of power: the legal norm and the provision; subjects; interests; the goods; subjective legal situations; the legal facts; human behaviors; the legal effects; the responsability; the regulatory levels of government (international, European Community, state, local); the organization of public authorities; public functions (political direction, regulation, administration, jurisdiction). The II Module deals with the Italian legal system and the regulatory principles of its political, legislative, administrative and jurisdictional activity. (reference books) For preparation for Modules I and II we recommend studying a manual chosen from the following: R. BIN – G. PITRUZZELLA, Diritto pubblico, Torino, Giappichelli, ult. ed. C. ROSSANO, Manuale di Diritto pubblico, Napoli, Jovene, ult. ed. P. CARETTI – U. DE SIERVO, Istituzioni di Diritto pubblico, Torino, Giappichelli, ult. ed.	9	IUS/09	60	-	-	-	Basic compulsory activities	ITA
21210056 - MICROECONOMIA (objectives) The course aims to introduce concepts and arguments that are the basis of the analysis of economic theory, with particular reference to the explanation of commodity relative prices and the functional distribution of income (wages, profits and rents). The course addresses these issues by providing students with a pluralistic and critical view. In fact, the fundamental elements of the two main approaches to value and distribution are presented and compared: the surplus or classical approach and the marginalist or neoclassical theory. The study also includes the different relationships that both approaches establish between prices and levels of production and employment of resources, both at the aggregate level and at the level of individual production units. Group: A - L - CICCONE ROBERTO (syllabus) 1. Production and prices: general elements The production process. Production methods and their representation. The social production process. Economy of mere subsistence. Economy producung surplus. Basic and non-basic goods. 2. Fundamentals of the classical theory of distribution and relative prices The real wage and other circumstances taken as given in the 'core' of the theory. The concept of social surplus. Profits and general profit rate. Distinction and relationship between "normal" and "market" prices. Price equations: simultaneous determination of profit rate and relative prices. Importance and limits of the solutions to the problem attempted by Ricardo and Marx. The inverse wage-profit relationship. The theory of rent. 3. Fundamentals of the marginalist theory of distribution and relative prices The data of the theory. Consumer theory. Functions of consumption good demand. Production theory. Direct and indirect substitutability as analytical bases for factor demand functions. Determination of distribution and relative prices in terms of supply and demand equilibria. Comparison with the classical theory of distribution. Implications of general economic equilibrium: full employment of available resources; Pareto optimality; efficiency in exchange; efficiency in production; efficiency in the combination of outputs. The notion of capital as a single productive factor and the difficulties that derive from it (mention). 4. Analysis of the single industry and market forms The analysis of "partial" equilibrium. Short and long term cost curves of the individual enterprise. Equilibrium of enterprise and industry under competitive conditions, in the short and long period. Quantity produced and price, in the short and long period, in monopoly and monopolistic competition. The oligopoly: Cournot model. (reference books) "Elementi di teoria della produzione", Appunti per il corso di Microeconomia - Dispensa n.1 "La teoria classica della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.2 "La teoria marginalista della distribuzione e dei prezzi relativi", Appunti per il corso di Microeconomia - Dispensa n.3 Materials (audio slides) distributed by the teacher With regard to the other text adopted, the chapters and paragraphs included in the programme are set out below, with reference to the latest edition (2017). Robert H. Frank e Edward Cartwright, Microeconomia Milano: McGraw-Hill, VII edizione, 2017 Capitoli e paragrafi in programma: Capitolo 3, La scelta razionale del consumatore, p. 51 {paragrafi: 3.1, 3.2, 3.3, 3.4; Appendice 3} Capitolo 4, La domanda individuale e la domanda di mercato, p. 93 {paragrafi: 4.1, 4.2, 4.3, 4.4, 4.5, 4.6, 4.7} Capitolo 5, Le applicazioni delle teorie della scelta razionale e della domanda, p. 137 {limitatamente a: paragrafo 5.7; Appendice 5} Capitolo 9, La produzione, p. 267 {intero capitolo, inclusa Appendice 9} Capitolo 10, I costi, p. 297 {intero capitolo, esclusa Appendice 10} Capitolo 11, La concorrenza perfetta, p. 333 {paragrafi: 11.1, 11.2, 11.3, 11.4, 11.5, 11.6, 11.7, 11.9, 11.12, 11.13} Capitolo 12, Il monopolio, p. 377 {paragrafi: 12.1, 12.2, 12.3, 12.4, 12.5, 12.6, 12.8} Capitolo 13, Concorrenza imperfetta: un approccio basato sulla teoria dei giochi, p. 427 {paragrafi: 13.1, 13.2, 13.4 limitatamente al sotto-paragrafo 13.4.1} Capitolo 15, L'equilibrio generale e l'efficienza dei mercati, p. 523 {paragrafi: 15.1, 15.2, 15.3, 15.4, 15.6,15.7 Group: M - Z - FRATINI SAVERIO MARIA (syllabus) Elements of the theory of production - inputs, outputs and production methods - the subsistence economy - the economy with a surplus The surplus approach to commodity value and income distribution - the relevance of social and institutional elements to income distribution - the explanation of the real wage rate - the "core" of the classical approach - the link between profit rate and relative prices - the price equations - the classical theory of rent The theory of consumer choice - budget set and budget constraint - preferences - consumer choice - consumer-good demand curves The theory of firm choice - the function of production - profit maximisation - isoquants and isocosts - the output expansion path and long-term cost curves Production factors and the marginalist explanation of income distribution - marginal and average productivity of factors - the demand curves of factors of production - equilibrium between supply and demand for factors of production Market forms - perfect competition - monopoly - Cournot oligopoly - Stackelberg oligopoly Introduction to the welfare economics - allocations and Edgeworth box - Pareto improvements and Pareto optima - first theorem of welfare economics (reference books) i) “Elementi di teoria della produzione”, Dispensa n. 1 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). ii) “La teoria classica della distribuzione e dei prezzi relativi”, Dispensa n. 2 (materiale didattico redatto da R. Ciccone, S.M. Fratini e A. Trezzini). iii) “Teoria marginalista della distribuzione”, Dispensa n. 3 (materiale didattico redatto da S.M. Fratini). iv) Frank Robert H.; Cartwright Edward; Piras R. (cur.). Microeconomia. McGraw-Hill Libri Italia, Milano. 2017. v) “Glossario ed Esercizi Svolti di Microeconomia” (materiale didattico redatto da S.M. Fratini e D. Pignalosa).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21210410 - Statistics (objectives) The course aims at providing students with specific competences in sampling tecniques and statistical data analysis. Particular relevance is given to probability and inference, as the course means to provide students with the necessary tools for supporting decisional processes through the management of data bases and the use of statistical models. Group: A - L - CONIGLIANI CATERINA (syllabus) An introduction to the fundamental ideas of statistics. Topics include: Descriptive statistics: graphical summaries of data, measuring the center of quantitative data (mode, median, mean), measuring the variability of quantitative data (standard deviation, variance), simmetry of a distribution (Fisher coefficient), the association between two variables (chi-square), the association between two quantitative variables (covariance, correlation coefficient). Probability: probability of events (probability of the complement of an event, of the union and intersection of two events, conditional probability, independent events, Bayes theorem), discrete and continuous random variables (the Bernoully r.v., the Binomial r.v., the Poisson r.v., the Normal r.v., the Student t r.v., che Chi-square r.v.). Inferential statistics: sample versus population, sampling distributions, point and interval estimates of population parameters, confidence intervals for a population mean and a proportion, significance tests about hypotheses on a population mean and a proportion, p-values, Chi-square tests for testing for independence and normality. Regression analysis: the regression line, ordinary least squares, describing the strength of the association, nonlinear regression models, confidence intervals and tests on the parameters of the regression line, prediction. (reference books) G.Cicchitelli, P.D'Urso, M.Minozzo. Statistica: principi e metodi. Pearson, terza edizione (2017): Chap. 1 (excluding 1.12), Chap. 2 (excluding 2.4, 2.5, 2.6), Chap. 3 (excluding 3.5, 3.6, 3.7), Chap. 4 (excluding 4.3, 4.4, 4.5, 4.6), Chap. 5 (excluding 5.3, 5.6, 5.7, 5.8), Chap. 6 (excluding 6.3), Chap. 9 (excluding 9.4), Chap. 10 (excluding 10.6), Chap. 11 (excluding 11.2.2), Chap. 12, Chap. 13, Chap. 14 (excluding 14.6, 14.7)],Chap. 17 (excluding 17.7.1), Chap.18 (excluding 18.3.1), Chap. 19 (excluding 19.5), Chap. 20 (excluding 20.5, 20.6), Chap. 22 (excluding 22.2.2), Chap. 23 (excluding 23.8). A collection of exercises by the teacher is available to students on Moodle. Group: M - Z - TERZI SILVIA (syllabus) descriptive statistics variables and their measurement univariate distributions describing data with tables and graphs measures of position variability bivariate descriptive statistics independence, association, correlation probability distributions for discrete and continuous variables sampling distributions Inference: estimation hypothesis test (reference books) A. Agresti, B. Finlay Statistical methods for the social sciences Pearson International Edition - 4th edition 2009	9	SECS-S/01	60	-	-	-	Core compulsory activities	ITA

First semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210071 - BILANCIO (objectives) The course of “Financial Reporting” aims to provide participants with an introduction to the theoretical and practical aspects of financial reporting. Starting with a basic overview of the main theory on financial reporting, participants will then be exposed to the generally accepted accounting standards and more specific standards for unlisted companies. Group: A - L - Ciaburri Mirella (syllabus) Part 1 - The theory of Financial Statements -Introduction to the study of the Financial Statements - The basic functions of the Financial Statements - The nature of income and capital - The purposes of the Financial Statements - The relationship between income, evaluation criteria and purposes of the Financial Statements - The goals of the Financial Statements in corporate doctrine: the "alpha" goal and the "beta" goal Part 2 - The Financial Statements according to the Civil Code - The Financial Statement documents - Structure and content (Articles 2423-ter - 2425 of the Italian Civil Code) - The general clause and the principles for preparing the Financial Statements (articles 2423 - 2423-bis of the Italian Civil Code) - The specific evaluation criteria (art. 2426 of the civil code) - Fixed assets - Receivables - Inventories (Lifo, Fifo, Cmp) - Work in progress assets - The content of the Notes and the Management Report Part 3 – Accounting - Closing accounting entries, general closure and reopening of accounts - Fixed assets – Depreciation, amortization and devaluation - Financial Investments – Equity Method - Inventories and work in progress – FIFO, LIFO and WACC Part 4 - Fundamentals of financial statement analysis - Reclassification of BS and IS - Ratios - Statement of Cash Flows – Direct and Indirect Method (reference books) Suggested readings: Part 1 and 2: Tutino M. (2017), Bilancio e nuovi OIC, Cedam Part 3: Paoloni M., Celli M. (2012), Introduzione alla contabilità generale, Cedam Part 4: Paolucci G. (2016), Analisi di Bilancio, Hoepli Slides and exercises available on the Professor's web page Group: M - Z - DELLO STROLOGO ALBERTO	9	SECS-P/07	60	-	-	-	Core compulsory activities	ITA
21210072 - DIRITTO PRIVATO (objectives) Private Law (S.S.D. IUS/01) is a basic legal course whose aim is to give the students a starting point for their further economic studies and access to work. Lessons will be oriented to interpretate Italian and European Law, to solve cases, to enforce the general clauses and values of our Constitutional Legal System. Exam is oral and it is necessary to consult the Italian Civil Code while studying the books. Group: A - L - MACIOCE FRANCESCO (syllabus) Introduction to Italian Private Law and Interpretation. Person Law. Property Law. Obligations and Contracts. Tort Law. Family Law. Inheritance Law. Private Enforcement and Civil evidence. (reference books) Ask the Professor for English lectures. Group: M - Z - LONGOBUCCO FRANCESCO (syllabus) Introduction to Italian Private Law and Interpretation. Person Law. Property Law. Obligations and Contracts. Tort Law. Family Law. Inheritance Law. Private Enforcement and Civil evidence. (reference books) Ask the Professor for English lectures.	9	IUS/01	60	-	-	-	Related or supplementary learning activities	ITA
21201495 - PUBLIC FINANCE (objectives) The aim of the course is to provide the analytical tools and the necessary knowledge to understand and assess the problems raised by the public intervention in the economy, as well as by the collective choices. The allocative, distributive and macroeconomic consequences of the main tools will also be analysed. Particular attention is paid to the economic analysis of taxes and at the structure of the Italian tax system. Group: AL - Derived from 21201495 SCIENZA DELLE FINANZE in Economia L-33 A - L CRESPI FRANCESCO (syllabus) • The evolution of the analysis of Public Finance • Public goods • Taxes: characteristics and classification • The economic effects of taxes • The economic analysis of taxes and the theory of incidence • The main taxes in the Italian tax system (reference books) 1) Di Majo A., Introduzione alla Scienza delle Finanze, 2018, Edizioni Pigreco, Roma, capitoli 1, 2, 5, 6, 7 fino al par. 7.4 incluso; 2) Bosi P., Guerra M.C., I tributi nell'economia italiana il Mulino, Bologna, capitoli II, III, IV, V, VI, VII, VIII. Group: MZ - Derived from 21201495 SCIENZA DELLE FINANZE in Economia L-33 M - Z LIBERATI PAOLO (syllabus) • The evolution of the analysis of Public Finance • Public goods • Taxes: characteristics and classification • The economic effects of taxes • The economic analysis of taxes and the theory of incidence • The main taxes in the Italian tax system (reference books) 1) Introduzione al corso di Scienza delle Finanze, available on line 2) Di Majo A. (2021), Introduzione alla Scienza delle Finanze, Edizioni Pigreco, Roma (chapters 5, 6, 7 until page 325). 3) Bosi P., Guerra M.C. (2022), I tributi nell'economia italiana, Il Mulino, Bologna (Introduzione and chapters III, IV, V, VI, VIII).	9	SECS-P/03	60	-	-	-	Core compulsory activities	ITA
21201505 - STATISTICS FOR ECONOMICS (objectives) The course has two aims: to foster the ability to interpret economic systems and their tendencies through the main economic statistics produced by the official organizations and to introduce the basic methods to analyse economic data. In particular the course covers the production of economic indicators, the basic of classical time series analysis, also to correctly perform a short-term analysis, the linear regression model and its generalizations.Theoretical concepts will be illustrated using the most recent Italian economic data. The statistical analysis will be done using the software R. Group: A - L - BARBIERI MARIA MADDALENA (syllabus) Main official statistical surveys: data production and interpretation. In particular: Consumer prices, Industrial production, Labour forces, Household consumptions, Income and living conditions, Household Income and Wealth. National accounts. Main statistical indicators for economic phenomena: (simple and complex) index numbers, measures of concentration. Calendar adjusted and seasonal adjusted time series; chain-linked values. The use of moving averages to reconstruct the trend. Introduction to econometrics. Single and multiple Linear Regression: ordinary least squares, goodness of fit, homoscedasticity and heteroscedasticity, nonlinear regression functions. An introduction to the use of R for statistical analysis. (reference books) Class notes (in Italian) downloadable from the Moodle space of the course. Press releases (Istat - Banca d'Italia). Stock J.H. and Watson M.W., Introduction to Econometrics, Global edition, 4th Edition, 2020, Pearson. Group: M - Z - BARBIERI MARIA MADDALENA (syllabus) Main official statistical surveys: data production and interpretation. In particular: Consumer prices, Industrial production, Labour forces, Household consumptions, Income and living conditions, Household Income and Wealth. National accounts. Main statistical indicators for economic phenomena: (simple and complex) index numbers, measures of concentration. Calendar adjusted and seasonal adjusted time series; chain-linked values. The use of moving averages to reconstruct the trend. Introduction to econometrics. Single and multiple Linear Regression: ordinary least squares, goodness of fit, homoscedasticity and heteroscedasticity, nonlinear regression functions. An introduction to the use of R for statistical analysis. (reference books) Class notes (in Italian) downloadable from the webpage of the course inside the website of the School. Press releases (Istat - Banca d'Italia). Stock J.H. and Watson M.W., Introduction to Econometrics, Update, Global edition, 3rd Edition, 2014, Pearson.	9	SECS-S/01	60	-	-	-	Core compulsory activities	ITA

Second semester

Course	Credits	Scientific Disciplinary Sector Code	Contact Hours	Exercise Hours	Laboratory Hours	Personal Study Hours	Type of Activity	Language
21210012 - LABORATORIO DI ANALISI URBANA E REGIONALE (objectives) This course will cover theoretical, practical and applied aspects of regional studies, territorial planning, urban economy and social structures, as well as short and long term transformations. The theoretical section will be divided into two parts: (1) introduction to basic concepts including: urban planning, urban economic studies, regional studies, territorial analysis and planning, the relationship between memory and design and (2) analysis of the quality of urban spaces and of its determining features. The applied section of the course serves to illustrate the use of statistical data and geographic information systems (GIS) for a territorial analysis of the different components of urban quality within this workshop’s field of studies. - Derived from 21210012 LABORATORIO DI ANALISI URBANA E REGIONALE in Economia e Management LM-77 LELO KETI (syllabus) The course is dedicated to studying the methods used to define the quality of life in urban environment. Quality indicators will be analysed in detail by taking account of the complex relationships that arise from different kinds of wellbeing (economic, social, environmental). The case study will focus on the analysis of some specific urban contexts in the municipality of Rome characterised by conditions of social and economic distress. We will analyse the problems and needs and identify possible solutions to contrast the conditions of marginality. We will begin by introducing basic concepts, and discussing some of the problems regarding the different priorities of the city and of citizens’ quality of life. Existing studies on the quality of life elsewhere and under different administrative systems will also be studied, along with their respective theoretical approaches and quality indicator systems. A body of information covering comparable data in different time periods will be provided, although this information will be dependent on the accessibility and availability of such data. The course will valorise the applied approach. Students will acquire basic concepts in the construction and management of databases, analytical research and spatial statistics. There will also be some lessons on the use of GIS and its application in the presentation of the results of practical exercises. Databases and additional material will be provided to students during the course. (reference books) Camagni R. (1998) Principi di economia urbana e territoriale, Roma, Carocci Storper M., Scott A.J. (2009) Rethinking human capital, creativity and urban growth, Journal of Economic Geography 9, pp.147-167 van Kamp I., Leidelmeijer K., Marsman G., de Hollander A. (2003) Urban environmental quality and human well-being. Towards a conceptual framework and demarcation of concepts; a literature study, Landscape and Urban Planning 65, pp. 5–18 Robeyns I . (2005) The Capability Approach: a theoretical survey, Journal of Human Development 6(1), pp. 93-117 Smith T., Nelischer M., Perkins N. (1997) Quality of an urban community: a framework for understanding the relationship between quality and physical form, Landscape and Urban Planning 39, pp 229-241 Martínez, J.A., Pfeffer, K. and Baud, I. (2016) Factors shaping cartographic representations of inequalities : maps as products and processes, Habitat International : A Journal for the Study of Human Settlements, 51 (2016) pp. 90-102. Roma città “fai da te”, Quaderni urbanistica 02/2013. Lelo K. (2006) Le «frontiere» dell’urbano, in M.F. Boemi, C.M. Travaglini (a cura di ) Roma dall'alto, pp. 69-74, Roma, Roma Tre. Lelo K. (2006) La forma della città, in M.F. Boemi, C.M. Travaglini (a cura di) Roma dall'alto, pp. 75-100, Roma, Roma Tre. Lelo K. (2011) Sistemi informativi geografici, in M. Munafò (a cura di), Rappresentare il territorio e l'ambiente, pp. 265-274, Roma, Bonanno. Lelo K. (2011) Principi di basi di dati, in M. Munafò (a cura di), Rappresentare il territorio e l'ambiente, pp. 287-292, Roma, Bonanno Lelo K., Monni S., Tomassi F. (2019) Le mappe della disuguaglianza. Una geografia sociale metropolitana, Roma, Donzelli, ISBN 978-88-6843-988-0	9	SECS-P/12	60	-	-	-	Basic compulsory activities	ITA
21210028 - Matematica per le applicazioni economiche (objectives) The aim of the course is to broaden and consolidate the acquisition of the mathematical method as a fundamental investigation tool for economic, financial and business disciplines. To this end, the course is divided into four parts. In the first part we provide notions of linear algebra to study linear systems and diagonalization of matrices. In the second part the student will be introduced to the study of differential calculus for functions of several variables. In the third part the course provides tools to recognize and study free and constrained optimization problems. In the fourth part solution methods for simple systems and differential equations will be provided. - MASTROENI LORETTA CLARA LETIZIA (syllabus) LINEAR ALGEBRA. MULTIVARIABLE CALCULUS IMPLICIT FUNCTIONS. QUADRATIC FORMS. FREE AND CONSTRAINED OPTIMIZATION THEORY. ORDINARY DIFFERENTIAL EQUATIONS. SYSTEMS OF DIFFERENTIAL EQUATIONS. ECONOMIC AND FINANCIAL APPLICATIONS (reference books) L. Mastroeni, A. Mazzoccoli, Matematica per le applicazioni economiche, Ed Pearson	9	SECS-S/06	60	-	-	-	Core compulsory activities	ITA
21201481 - ECONOMIC POLICY (objectives) The objective of the course is the understanding of the main economic policies and institutions and the analysis of their roles, functions and regulations. The course helps to build a good economic knowledge on fiscal and monetary policies in closed and open economies, redistributive policy, and structural reforms, with a focus on current economic and political topics (i.e. the current debate on the Eurozone). Group: A - L - SCARLATO MARGHERITA (syllabus) The course will concentrate on selected important economic policy issues and relevant economic tools. The specific topics will be of contemporary interest, and will be announced by the start of each year. In any year the topics covered are likely to include some of the following: Globalisation: effects on welfare, development and income distribution; ii Inequality; Global imbalances ; Tax, fiscal policy and unemployment; Monetary policy and exchange rate frameworks ; Financial integration and currency unions ; Financial crises and relevant policies ; endogenous growth, exhaustible resources and relevant policies. (reference books) R Cellini Politica Economica, Mc Graw Hill 2019 Group: M - Z - SALVATICI LUCA (syllabus) o Economic policy motivations, functions and tools o Micro e macro objectives of economic policy o Markets and economic competition o Externalities, public goods, information asymmetries, strategic interdependence o Fiscal policy: scenarios and current context o Monetary policy: transmission channels, Central Banks, Euro debate, inflation o Globalization, international systems and relations: strategic interdependence, the balance of payments and exchange rate, protectionism and trade agreements o Income, wealth, development and growth policy o European economic policy in the globalized context o Regional, Industrial and Labour policies (reference books) Modulo 1: Politica economica. Introduzione ai modelli fondamentali, di Roberto Cellini (McGraw Hill, 2019), capitoli: 1, 2, 3, 4, 5, 6, 7, 8, 10, 11, 17, 18, 19, 20, 22, 23, 24, 27.1, 27.2, 27.3, 27.5, 27.6 Dilemmi sociali e comportamenti strategici. Perché conviene essere razionali, di Bruno Chiarini (Mondadori Università), capitoli: 1, 2, 3 e Appendice Modulo 2: Politica economica. Introduzione ai modelli fondamentali, di Roberto Cellini (McGraw Hill, 2019), capitoli: 12, 13, 14, 15, 16, 25, 26, 27.4 Evidence-based Policy!, a cura di Guido De Blasio, Antonio Nicita e Fabio Pammolli (Il Mulino), capitoli: 5, 7 - GIUA MARA (syllabus) o Economic policy motivations, functions and tools o Micro e macro objectives of economic policy o Markets and economic competition o Externalities, public goods, information asymmetries, strategic interdependence o Fiscal policy: scenarios and current context o Monetary policy: transmission channels, Central Banks, Euro debate, inflation o Globalization, international systems and relations: strategic interdependence, the balance of payments and exchange rate, protectionism and trade agreements o Income, wealth, development and growth policy o European economic policy in the globalized context o Regional, Industrial and Labour policies (reference books) Module 1: Politica economica. Introduzione ai modelli fondamentali, di Roberto Cellini (McGraw Hill, 2019), capitoli: 1, 2, 3, 4, 5, 6, 7, 8, 10, 11, 17, 18, 19, 20, 22, 23, 24, 27.1, 27.2, 27.3, 27.5, 27.6 Dilemmi sociali e comportamenti strategici. Perché conviene essere razionali, di Bruno Chiarini (Mondadori Università), capitoli: 1, 2, 3 e Appendice Modulo 2: Politica economica. Introduzione ai modelli fondamentali, di Roberto Cellini (McGraw Hill, 2019), capitoli: 12, 13, 14, 15, 16, 25, 26, 27.4 Evidence-based Policy!, a cura di Guido De Blasio, Antonio Nicita e Fabio Pammolli (Il Mulino), capitoli: 5, 7	9	SECS-P/02	60	-	-	-	Core compulsory activities	ITA

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21210009 - LABORATORIO DI MARKETING CULTURALE (objectives)

- ADDIS MICHELA (syllabus) (reference books)

9

SECS-P/08

60

-

Related or supplementary learning activities

ITA

Optional group: economia delle industrie creative - Due insegnamenti a scelta libera - (show)

18

Optional group: Economia della cultura e delle industrie creative - (show)

9

21201549 - ECONOMY OF CULTURE (objectives)

- SPINESI LUCA (syllabus) (reference books)

9

SECS-P/01

60

-

Core compulsory activities

ITA

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21210073 - ECONOMIA E GESTIONE DELLE IMPRESE (objectives)

- ADDIS MICHELA (syllabus) (reference books)

9

SECS-P/08

60

-

Core compulsory activities

ITA

21210030 - Diritto dei beni culturali (objectives)

- MAROTTA EGIDIO (syllabus) (reference books)

9

IUS/10

60

-

Core compulsory activities

ITA

21201473 - FINAL EXAM

3

20

-

Final examination and foreign language test

ITA

Optional group: Economia della cultura e delle industrie creative - (show)

9

21210031 - Economia delle industrie creative (objectives)

- CAUSI MARCO (syllabus) (reference books)

9

SECS-P/01

60

-

Core compulsory activities

ITA

Optional group: economia delle industrie creative - Due insegnamenti a scelta libera - (show)

18

21210029 - Stage	9		-	-	-	-	Elective activities	ITA
21201549 - ECONOMY OF CULTURE (objectives) The course considers the analysis of cultural economics. To this aim, the main economic theoretical foundations are presented jointly with the fundamental practical issues of cultural economics. In particular, the analysis of consumers preferences and utility typical of cultural economics is carried out. The course analyses the definition and concept of cultural capital, and cultural sustainability. In this respect the role of externalities and public goods, and the phenomena of the cost disease are analyzed both theoretically and empirically. Moreover, the role of intellectual property rights and specific analyses of museums, cultural heritage, auction for arts, are analyzed. - SPINESI LUCA (syllabus) Economic theoretical foundations of cultural economics. Consumers preferences and utility typical of cultural economics: rational addiction and learning by consumption Cultural capital and cultural sustainability: definition and analysis Externalities and public goods Social Welfare in cultural economics The model of Baumol/Bowen: cost disease Imperfect competition and price discrimination in cultural goods and services The role of intellectual property rights for the arts Specific analyses of museums, cultural heritage Auction for art goods. (reference books) lecture notes and other materials will be provided to students. The lecture notes are available on the Moodle website, Department of Economics. David Throsby. Cultural Economics. Cambridge University Press, 2000.	9	SECS-P/02	60	-	-	-	Elective activities	ITA
21210031 - Economia delle industrie creative (objectives) Acquiring the basic knowledge on the cultural sector and cultural and creative industries (heritage, performing arts, cultural and other creative industries), on the mechanisms at work for the generation of demands and supplies for these activities, and on public direct and regulation policies. The approach is applied, focused on the development of professional capacities based on general knowledge and sector-specific methodological tools. - CAUSI MARCO (syllabus) The course is about cultural and creative industries and organizations, and institutions involved in their regulation. The course has an applied approach and learning objectives focused on the development of professional abilities (statistical sources, methodologies for the analysis of demand, business and organizational models, methodologies for impact evaluation of projects and programs, Italian and International case studies). The first part of the course introduces at international statistical standards for the estimation of the economic dimension of the sector. The second part is dedicated to the demands for cultural and creative goods and services arising from the various economic subjects (households, firms, public sector, external subjects), with an analysis of Italian and International data and an illustration of the main interpretative models suggested by economic literature. In the third part the focus shifts on the side of supply, with the study of labor markets for cultural and creative occupations and business models of cultural and creative activities, and with the analysis of the different economics activities, and corresponding markets, for cultural and creative products: cultural heritage, museums and cultural sites, arts markets and contemporary art, performing arts, cultural industries (publishing, broadcasting, film and audiovisual, music, video games). In the fourth part we will study the relations between culture and tourism, those between culture and urban and regional development, the methods for evaluation of actions (policies, programs, projects) in the cultural field, the public policies for culture and cultural and creative industries, with attention to challenges (opportunities and risks) coming from the digital technological revolution and the impact of the pandemic crisis. (reference books) Françoise Benhamou, Economia della cultura, Bologna, Il Mulino, 2020. Marco Causi, Economia della cultura e delle industrie culturali e creative. Un'introduzione, Roma, Edizioni Pigreco, 2022. Reading list suggested during the classes and available on the Moodle page of the course.	9	SECS-P/01	60	-	-	-	Elective activities	ITA
21201525 - AGRI-FOOD ECONOMICS AND POLICY (objectives) • Relations between agriculture and the rest of the economy, with reference to the Italian agri-food sector • Recalls of microeconomics and consumption theory, with reference to analyze the demand for agri-food products, with particular reference to product differentiation, quality and food safety • Production cost sand market structures, with reference to different forms of competition and market imperfections in the agri-food sector • The characteristics of the Italian agri-food system, with particular reference to the role and potential of Made in Italy in the world markets • The agricultural policies of the European Union, with particular reference to the multifunctionality of agriculture	9	SECS-P/02	60	-	-	-	Elective activities	ITA
21210176 - L’Agenda 2030 delle Nazioni Unite per lo sviluppo sostenibile e gli studi economici e sociali
21210176-1 - modulo base - Derived from 21210176-1 modulo base in Economia L-33 GIUA MARA (syllabus) Introduction to the United Nations 2030 Agenda for Sustainable Development Analysis of the 17 SDGs (Sustainable Development Goals) and some relevant topics connected to them Critical discussion of the structure of the 2030 Agenda and the links between its various objectives, both in terms of synergies and possible conflicts Insights on specific topics and tools for measuring targets (reference books) Testo dell’Agenda 2030 https://asvis.it/l-agenda-2030-dell-onu-per-lo-sviluppo-sostenibile/ ASVIS. Rapporto 2022. L’Italia e gli Obiettivi di Sviluppo Sostenibile ASVIS. Il Piano Nazionale di Ripresa e Resilienza #NextGenerationItalia e lo sviluppo sostenibile ASVIS. L’evoluzione delle regioni italiane rispetto agli Obiettivi di sviluppo sostenibile ASVIS. Obiettivi di sviluppo sostenibile e politiche europee ASVIS. I territori e gli Obiettivi di sviluppo sostenibile Giovannini, E. La rivoluzione dei big data a sostegno dell'Agenda 2030, rivisteweb, ISSN: 1594-7580, Il Mulino pp. 64-69, DOI: 10.1406/83553, 2016. https://www.rivisteweb.it/doi/10.1406/83553 Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	3		20	-	-	-	Elective activities	ITA
21210176-2 - modulo avanzato - Derived from 21210176-2 modulo avanzato in Economia L-33 DE MURO PASQUALE, GIUA MARA (syllabus) The course will address the following themes: - What is sustainable development? - Presentation and critical discussion of the 2030 Agenda: antecedents, principles, general objectives, trade-offs and synergies - The 17 Sustainable Development Goals, their targets, and some connected relevant topics - The official indicators for each target and the Global Database of indicators - Insights on specific issues and on tools for measuring targets - Analysis of global and regional trends - Case-studies (reference books) The full text of 2030 Agenda, that can be downloaded for free from the following website: https://sustainabledevelopment.un.org/content/documents/21252030%20Agenda%20for%20Sustainable%20Development%20web.pdf The latest "UN Sustainable Development Goals Report" (published yearly), that can be downloaded for free from the following website: https://unstats.un.org/sdgs/report/2022/ The latest "UN Global Sustainable Development Report", that can be downloaded for free from the following website: https://sdgs.un.org/gsdr The latest "ISTAT SDGs Report. Statistical information for 2030 Agenda in Italy" (published yearly), that can be downloaded for free from the following website: https://www.istat.it/en/archivio/sdgs+report Kroll, C., Warchold, A. & Pradhan, P. Sustainable Development Goals (SDGs): Are we successful in turning trade-offs into synergies?. Palgrave Commun 5, 140 (2019). https://doi.org/10.1057/s41599-019-0335-5 https://www.nature.com/articles/s41599-019-0335-5 Saxena, A., Ramaswamy, M., Beale, J. et al. Striving for the United Nations (UN) Sustainable Development Goals (SDGs): what will it take?. Discov Sustain 2, 20 (2021). https://doi.org/10.1007/s43621-021-00029-8 https://link.springer.com/article/10.1007/s43621-021-00029-8 Detlef et al. Defining a sustainable development target space for 2030 and 2050, One Earth, Volume 5, Issue 2, 2022, Pages 142-156, ISSN 2590-3322, https://doi.org/10.1016/j.oneear.2022.01.003 https://www.sciencedirect.com/science/article/pii/S2590332222000033	6	SECS-P/02	40	-	-	-	Elective activities	ITA

Università Roma Tre

Degree Course: Economics Syllabus for A.Y. 2022/2023

Italian version