Degree Course: Economics Syllabus for A.Y. 2017/2018

Italian version

ANALISI ECONOMICA

FIRST YEAR

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201406 - MATHEMATICS FOR THE ECONOMY - ADVANCED COURSE (objectives)

- GUIZZI VALENTINA (syllabus)

Summary of real functions of a real variable. Main properties and definitions, elementary functions, derivatives and derivation rules. Second order derivatives, chain rule, monotonicity and first derivative, second order derivative and convexity NSC for the existence of local maxima and minima. Global max and min. Weierstrass theorem.
Topology and metrics of the n-dimensional real space. Sequences. Open sets. Closed sets. Compact sets.
Functions of several variables. Definition and examples. Level curves. Linear functions and quadratic forms. Continuous functions and Weierstrass theorem.
Differential calculation for several variables functions. Partial derivatives. Differential and tangent plane. Gradient and Jacobian matrix. Approximations by differentials. Darivative along a curve. Directional derivative. Chain rule. Second order derivatives and Hessian matrix.
Implicit function theorem: Case of a function in two variables. Geometric interpretation. Case of a function in several variables. Linear case: m equations, n+m variables. General case of systems of m equations and n+m variables. Inverse function theorem.
Static optimization. Free optimization. NC for the existence of local maxima and minima. Stationary points. Definite and semidefinite quadratic forms. Criterion for 2 or 3 variables. Second order SC for the existence of local free maxima and minima. Constrained optimization. Equality constraints. NC for the existence of local maxima and minima. Inequality constraints: NC for the existence of local maxima and minima. Kuhn-Tucker conditions for non-negative variables. Interpretation of the Lagrange multiplier.
Homogeneous functions. Geometric definition and properties. Euler theorem. Homothetical functions
Concave and convex functions. Definitions and geometrical properties. Properties and characterization. Concavity and sign of the Hessian matrix. Quasiconcave and quasiconvex functions. Cobb-Douglas functions. Pseudoconcave functions Free and constrained optimization in hypothesis of quasiconvexity and quasiconcavity.
Dynamical models: Malthus model in discrete and continuous time. Dynamical models in continuous and discrete time. Definition of differential equation and difference equations. Existence and uniqueness of solutions for first order difference equations.
Calculus of variations. Definition of a problem of calculation of variations. Euler equation in integral form (w.p.). Euler-Lagrange equation. Transversality conditions. Sufficient conditions in hypothesis of concavity or convexity.
Optimal control theory: Optimal control problem (in discrete and continuous time). Pontryagin maximum principle. Sufficient conditions in hypothesis of concavity.
Dynamic programming. Finite horizon and discrete time: Bellman’s principle. Dynamic programming principle. Bellman's equation and optimization conditions.
(w.p.)=”with proof”.

(reference books)

SECS-S/06

Core compulsory activities

ITA

Optional group: ANALISI ECONOMICA Orientamento unico 1 ANNO - UN INSEGNAMENTO A SCELTA TRA - (show)

21201440 - PUBLIC ECONOMIC LAW AND ELEMENTS OF PUBLIC BUSINESS ADMINISTRATION (objectives) The purposes of this Course are mainly two. Firstly, the Course aims to illustrate the “business dimension” of public administrations, respecting the interdisciplinary connections, so as to introduce the learner to the Economy of companies and public administrations, understood as autonomous and organic discipline of the business economy. Secondly, the Course aims to offer the students the knowledge of the forms of public intervention in the economy in their historical development and according to a legal approach, with particular attention to the role of the so-called Administrative Independent Agencies in Italian and comparative law.
21201745 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO
21201745-1 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO	3	IUS/05	20	-	-	-	Core compulsory activities	ITA
21201745-2 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO	3	IUS/05	20	-	-	-	Core compulsory activities	ITA
21201745-3 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO	3	SECS-P/08	20	-	-	-	Core compulsory activities	ITA

Optional group: ANALISI ECONOMICA - 1° anno - due insegnamenti a scelta tra: - (show)

21201491 - MONETARY ECONOMICS - 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) M. Arcelli, L’economia monetaria e la politica monetaria dell’Unione Europea, Cedam, 2007 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) 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) 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, “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
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.	9	SECS-P/03	60	-	-	-	Core compulsory activities	ITA
21201713 - Foundations of Political Economy (objectives) The course aims to go to the foundations of the theories of value and distribution in order to provide students who already have a first knowledge of micro and macroeconomics with the means to orient themselves, on the one hand, in the comparison between the main theories of value and distribution (or 'micro' theory) and, on the other hand, in the understanding of the implications that these theories have with regard to the determination of the general level of production (or 'macro' theory). The course is divided into two parts. The first part is devoted to a comparison between the classical theory and the neoclassical (marginalist) theory of value and distribution. Particular attention is given to the reconstruction of the structure of the latter theory, presented in the general equilibrium version of Wicksell and Walras, and to the difficulties that this theory faces in treating capital as a productive factor. The second part is devoted to the determination of the general level of production in the two theoretical approaches. Particular attention is given to the reconstruction of the Keynesian Revolution, through a direct reading of some parts of Keynes’ General Theory, and the discussion of the elements that have favoured its reabsorption in the Neoclassical Synthesis.
21201465 - APPLIED ECONOMICS LABORATORY
21201711 - Employment, income distribution and growth (objectives) The course will present different analytical perspectives along with empirical evidence on themes such as the relationship between labour market regulation, income distribution and employment growth, which are very relevant for economic analysis and current debates concerning economic policy.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21201562 - ADVANCED ECONOMIC POLICY (objectives) The overall objective of Politica economica c.a. is to provide an in depth understanding of modern macroeconomic theory with strong emphasis on Business cycle and Stabilization policies. The course focuses mainly on Dynamic General Equilibrium macroeconomic models, starting from real business cycle models into which New Keynesian macroeconomic features are introduced.	9	SECS-P/02	60	-	-	-	Core compulsory activities	ITA
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.	9	SECS-P/02	60	-	-	-	Core compulsory activities	ITA
21201274 - 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.
21201274-2 - 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.	5	SECS-P/04	30	-	-	-	Core compulsory activities	ITA
21201274-1 - 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	SECS-P/04	30	-	-	-	Core compulsory 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. - TIRELLI MARIO	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21201417 - ADVANCED PUBLIC FINANCE	9	SECS-P/03	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

21201437 - POLITICAL ECONOMY - ADVANCED COURSE

21201437-2 - ECONOMIA POLITICA - CORSO AVANZATO 2

- CICCONE ROBERTO (syllabus) (reference books)

SECS-P/01

Core compulsory activities

ITA

21201437-1 - ECONOMIA POLITICA - CORSO AVANZATO

- FRATINI SAVERIO MARIA (syllabus) (reference books)

SECS-P/01

Core compulsory activities

ITA

21201438 - MICROECONOMICS - ADVANCED COURSE (objectives)

- SPINESI LUCA (syllabus) (reference books)

SECS-P/01

Core compulsory activities

ITA

Optional group: ANALISI ECONOMICA Orientamento unico 1 ANNO - UN INSEGNAMENTO A SCELTA TRA - (show)

21201440 - PUBLIC ECONOMIC LAW AND ELEMENTS OF PUBLIC BUSINESS ADMINISTRATION (objectives) The purposes of this Course are mainly two. Firstly, the Course aims to illustrate the “business dimension” of public administrations, respecting the interdisciplinary connections, so as to introduce the learner to the Economy of companies and public administrations, understood as autonomous and organic discipline of the business economy. Secondly, the Course aims to offer the students the knowledge of the forms of public intervention in the economy in their historical development and according to a legal approach, with particular attention to the role of the so-called Administrative Independent Agencies in Italian and comparative law.
21201440-2 - DIRITTO PUBBLICO DELL'ECONOMIA ED ELEMENTI DI AMMINISTRAZIONE AZIENDALE PUBBLICA 2 (objectives) The purposes of this Course are mainly two. Firstly, the Course aims to illustrate the “business dimension” of public administrations, respecting the interdisciplinary connections, so as to introduce the learner to the Economy of companies and public administrations, understood as autonomous and organic discipline of the business economy. Secondly, the Course aims to offer the students the knowledge of the forms of public intervention in the economy in their historical development and according to a legal approach, with particular attention to the role of the so-called Administrative Independent Agencies in Italian and comparative law. - MATTEI GIORGIA (syllabus) A. Business and the study of public administrations1. Business' classification 2.1. Classification based on the objective characteristics of the activity carried out 2.2. Classification based on the nature of the legal entity 2.3. Classification based on the nature of the economic subject 2.4. An overview2. On the different meanings of "Public Administrations"3. Public Administrations as "group"4. The subsystems of the public administrationB. The definition of Public Administration1. The Italian definition2. The European definition3. Difficulties arising from the existence of different definitions4. The consolidated financial statement for the Italian local governmentsC. The organization of public administrations1. The organizational structure of public administrations: general features2. Relations between political function and administrative function 2.1. The principle of the distinction between politicians and managersD. The management of a public administration1. The accounting function: management and reporting in quantitative aspects2. Some peculiarities of the management of public administrationsE. The concept of efficiency and effectiveness in public administrations (reference books) For units A, C, D, E: M. Paoloni, F.G. Grandis, La dimensione aziendale delle amministrazioni pubbliche, Giappichelli, Torino, 2007, capitoli 2, 4, 5 e 10. For Unit C it is possible also to use: F.G. Grandis, G. Mattei (2014), The Authorising Function of Budgets in Public Administration. Applicability of IPSAS 24 in Italy. Open Journal of accounting, 3, pp. 45-52.For unit B: Grandis, F., & Mattei, G. (2014). L’elenco ISTAT e la nozione di “pubblica amministrazione”. Rivista della Corte dei Conti, 1(1-2), 523-541.	3	SECS-P/07	20	-	-	-	Core compulsory activities	ITA
21201440-1 - DIRITTO PUBBLICO DELL'ECONOMIA ED ELEMENTI DI AMMINISTRAZIONE AZIENDALE PUBBLICA - Derived from 21201533 DIRITTO PUBBLICO DELL'ECONOMIA in ECONOMIA L-33 (docente da definire)	6	IUS/05	40	-	-	-	Core compulsory activities	ITA
21201745 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO

Optional group: ANALISI ECONOMICA - 1° anno - due insegnamenti a scelta tra: - (show)

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. - TREZZINI ATTILIO (syllabus) Introduction - International economics: the distinction between international trade theory and policy and the international monetary economy. Outline of the course. Recording of economic and financial relations with foreign countries - National accounting in an open economy - Balance of payments Exchange rates and foreign Exchange Markets. A portfolio approach - Exchange rates and international transactions - The foreign exchange market - Demand for foreign currency assets - Equilibrium in the foreign exchange market - Interest rates, expectations and equilibrium Money, interest rates and exchange rates - Demand for Money - Money supply and the determination of domestic rates of interest - exchange rates in the short term - Money, prices and exchange rate in the "long term". - Inflation and exchange rate dynamics - Critical considerations on the interpretation of the terms "short term" and "long term": the theoretical assumptions about the tendency to full employment Long-term price level and exchange rate - The law of one price - Purchasing power parity: presentation and criticism - A long-run exchange rate model based on PPP - Empirical evidence on PPP and the law of one price. - Explaining of the problems related to PPP. - Beyond PPP: a "general" long-term model for exchange rates Output and exchange rate in the short-run - Output market equilibrium in an open economy in the short run (The DD curve) - Asset Market equilibrium in the short run (the AA curve) - Short-run equilibrium in open economy: putting DD and AA together - Temporary changes in monetary and fiscal policies - Permanent shifts in monetary and fiscal policies - Macroeconomic policies and the current account - The J curve and Marshall-Lerner condition - The liquidity trap in the open economy Fixed exchange rates and foreign exchange intervention - Why study fixed exchange rates - Central Bank intervention and the money supply - How the central bank fixes the exchange rate - Balance of payments crises and capital flight - Managed floating and sterilized intervention - Reserve currencies in the international monetary system - The Gold Standard The International Monetary System: a historical overview - Macroeconomic policy goals in an open economy - Classifying monetary systems: the open economy trilemma - International macroeconomic policy under the Gold Standard, 1870-1914 - The years between the two wars (1918-1939) - The Bretton Woods system and the International Monetary Fund - Analyzing economic policy options for reaching internal and external balance - The problem of the external balance of the United States in the Bretton Woods system - the mechanism of imported inflation - The case for floating exchange rates - Macroeconomic interdependence under floating exchange rate regime - What has been learned since 1973? - Are fixed exchange rates even an option for most countries? Optimal currency areas and European experience - The evolution of the single European currency - The euro and the economic policy of the euro zone - The theory of optimum currency areas - The future of EMU - The crises of Balance of payments within the euro area (reference books) P. Krugman, M. Obstfeld, M. Melitz, Economia internazionale 2 - Economia monetaria internazionale, Decima Edizione Pearson, 2015 – (capitoli: 1-8 e capitolo 10).	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21201457 - INDUSTRIAL ECONOMICS - ADVANCED COURSE (objectives) The aim of the course is twofold. The analytical models of the main problems of industrial economics, with a particular focus on the strategic interaction between firms, are the core of the first module of the course. The second module aims to provide students with the notions for a thorough analysis of the Italian productive system, taking into consideration issues related to firms’ organization and performance together with a close look at the specific industries’ main competitiveness indicators	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21201713 - Foundations of Political Economy (objectives) The course aims to go to the foundations of the theories of value and distribution in order to provide students who already have a first knowledge of micro and macroeconomics with the means to orient themselves, on the one hand, in the comparison between the main theories of value and distribution (or 'micro' theory) and, on the other hand, in the understanding of the implications that these theories have with regard to the determination of the general level of production (or 'macro' theory). The course is divided into two parts. The first part is devoted to a comparison between the classical theory and the neoclassical (marginalist) theory of value and distribution. Particular attention is given to the reconstruction of the structure of the latter theory, presented in the general equilibrium version of Wicksell and Walras, and to the difficulties that this theory faces in treating capital as a productive factor. The second part is devoted to the determination of the general level of production in the two theoretical approaches. Particular attention is given to the reconstruction of the Keynesian Revolution, through a direct reading of some parts of Keynes’ General Theory, and the discussion of the elements that have favoured its reabsorption in the Neoclassical Synthesis.
21201713-2 - FONDAMENTI DI ECONOMIA POLITICA (objectives) The course aims to go to the foundations of the theories of value and distribution in order to provide students who already have a first knowledge of micro and macroeconomics with the means to orient themselves, on the one hand, in the comparison between the main theories of value and distribution (or 'micro' theory) and, on the other hand, in the understanding of the implications that these theories have with regard to the determination of the general level of production (or 'macro' theory).The course is divided into two parts. The first part is devoted to a comparison between the classical theory and the neoclassical (marginalist) theory of value and distribution. Particular attention is given to the reconstruction of the structure of the latter theory, presented in the general equilibrium version of Wicksell and Walras, and to the difficulties that this theory faces in treating capital as a productive factor. The second part is devoted to the determination of the general level of production in the two theoretical approaches. Particular attention is given to the reconstruction of the Keynesian Revolution, through a direct reading of some parts of Keynes’ General Theory, and the discussion of the elements that have favoured its reabsorption in the Neoclassical Synthesis.	5	SECS-P/01	30	-	-	-	Core compulsory activities	ITA
21201713-1 - FONDAMENTI DI ECONOMIA POLITICA (objectives) The course aims to go to the foundations of the theories of value and distribution in order to provide students who already have a first knowledge of micro and macroeconomics with the means to orient themselves, on the one hand, in the comparison between the main theories of value and distribution (or 'micro' theory) and, on the other hand, in the understanding of the implications that these theories have with regard to the determination of the general level of production (or 'macro' theory).The course is divided into two parts. The first part is devoted to a comparison between the classical theory and the neoclassical (marginalist) theory of value and distribution. Particular attention is given to the reconstruction of the structure of the latter theory, presented in the general equilibrium version of Wicksell and Walras, and to the difficulties that this theory faces in treating capital as a productive factor. The second part is devoted to the determination of the general level of production in the two theoretical approaches. Particular attention is given to the reconstruction of the Keynesian Revolution, through a direct reading of some parts of Keynes’ General Theory, and the discussion of the elements that have favoured its reabsorption in the Neoclassical Synthesis.	4	SECS-P/01	30	-	-	-	Core compulsory activities	ITA
21201465 - APPLIED ECONOMICS LABORATORY
21201465-1 - LABORATORIO DI ECONOMIA APPLICATA - CAUSI MARCO	5	SECS-P/01	30	-	-	-	Core compulsory activities	ITA
21201465-2 - LABORATORIO DI ECONOMIA APPLICATA - PALUMBO ANTONELLA	4	SECS-P/02	30	-	-	-	Core compulsory activities	ITA
21201274 - 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.

Optional group: Altre Attività Formative - Un'attività a scelta tra: - (show)

21201444 - BUSINESS ENGLISH	6		60	-	-	-	Other activities	ITA
21210029 - Stage	6		-	-	-	-	Other activities	ITA
21201321 - ENGLISH LANGUAGE	6	L-LIN/12	150	-	-	-	Other activities	ITA
21201511 - I.T.: STATISTICAL ANALYSIS LABORATORY (objectives) The course aims at providing students with basic knowledge of statistical analysis software tools such as Matlab. The final objective of the course is to ensure that students, at the end of the teaching activity, are able to perform some of the main statistical applications and, in the case of applications not developed within the course, to being able to learn independently the knowledge necessary for the development of such applications.	6	INF/01	150	-	-	-	Other activities	ITA

SECOND YEAR

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201408 - STATISTICAL METHODS FOR ECONOMETRICS

- Derived from 21201408 METODI STATISTICI PER L'ECONOMETRIA in SCIENZE ECONOMICHE LM-56 N0 NACCARATO ALESSIA

SECS-S/01

Related or supplementary learning activities

ITA

21201439 - MACROECONOMICS - ADVANCED COURSE

SECS-P/01

Related or supplementary learning activities

ITA

Optional group: ANALISI ECONOMICA Orientamento unico 2 ANNO - UN INSEGNAMENTO A SCELTA TRA: - (show)

Optional group: ANALISI ECONOMICA - 2° anno - un insegnamento a scelta tra: - (show)

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

Optional group: ANALISI ECONOMICA - 2° anno - un insegnamento a scelta tra: - (show)

Optional group: ANALISI ECONOMICA Orientamento unico 2 ANNO - UN INSEGNAMENTO A SCELTA TRA: - (show)

21210000 - A SCELTA STUDENTE

Elective activities

ITA

21201473 - FINAL EXAM

100

Final examination and foreign language test

ITA

MERCATI, SETTORI E ISTITUZIONI

FIRST YEAR

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201711 - Employment, income distribution and growth (objectives)

SECS-P/01

Core compulsory activities

ITA

Optional group: MERCATI, SETTORI E ISTITUZIONI 1 ANNO - Un insegnamento a scelta tra: - (show)

Optional group: Mercati, settori e istituzioni - 1°anno - un insegnamento a scelta tra: - (show)

21201440 - PUBLIC ECONOMIC LAW AND ELEMENTS OF PUBLIC BUSINESS ADMINISTRATION (objectives) The purposes of this Course are mainly two. Firstly, the Course aims to illustrate the “business dimension” of public administrations, respecting the interdisciplinary connections, so as to introduce the learner to the Economy of companies and public administrations, understood as autonomous and organic discipline of the business economy. Secondly, the Course aims to offer the students the knowledge of the forms of public intervention in the economy in their historical development and according to a legal approach, with particular attention to the role of the so-called Administrative Independent Agencies in Italian and comparative law.
21201440-2 - DIRITTO PUBBLICO DELL'ECONOMIA ED ELEMENTI DI AMMINISTRAZIONE AZIENDALE PUBBLICA 2 (objectives) The purposes of this Course are mainly two. Firstly, the Course aims to illustrate the “business dimension” of public administrations, respecting the interdisciplinary connections, so as to introduce the learner to the Economy of companies and public administrations, understood as autonomous and organic discipline of the business economy. Secondly, the Course aims to offer the students the knowledge of the forms of public intervention in the economy in their historical development and according to a legal approach, with particular attention to the role of the so-called Administrative Independent Agencies in Italian and comparative law.	3	SECS-P/07	20	-	-	-	Core compulsory activities	ITA
21201440-1 - DIRITTO PUBBLICO DELL'ECONOMIA ED ELEMENTI DI AMMINISTRAZIONE AZIENDALE PUBBLICA	6	IUS/05	40	-	-	-	Core compulsory activities	ITA
21201745 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO

Optional group: Mercati, settori e istituzioni - 1° anno - un insegnamento a scelta tra: - (show)

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201437 - POLITICAL ECONOMY - ADVANCED COURSE

21201437-2 - ECONOMIA POLITICA - CORSO AVANZATO 2

- CICCONE ROBERTO (syllabus) (reference books)

SECS-P/01

Core compulsory activities

ITA

21201437-1 - ECONOMIA POLITICA - CORSO AVANZATO

- FRATINI SAVERIO MARIA (syllabus) (reference books)

SECS-P/01

Core compulsory activities

ITA

21201465 - APPLIED ECONOMICS LABORATORY (objectives)

21201465-2 - LABORATORIO DI ECONOMIA APPLICATA (objectives)

SECS-P/02

Core compulsory activities

ITA

21201465-1 - LABORATORIO DI ECONOMIA APPLICATA (objectives)

SECS-P/01

Core compulsory activities

ITA

Optional group: MERCATI, SETTORI E ISTITUZIONI 1 ANNO - Un insegnamento a scelta tra: - (show)

21201503 - INTERNATIONAL ECONOMICS (objectives)

SECS-P/01

Related or supplementary learning activities

ITA

Optional group: Mercati, settori e istituzioni - 1°anno - un insegnamento a scelta tra: - (show)

21201440 - PUBLIC ECONOMIC LAW AND ELEMENTS OF PUBLIC BUSINESS ADMINISTRATION (objectives) The purposes of this Course are mainly two. Firstly, the Course aims to illustrate the “business dimension” of public administrations, respecting the interdisciplinary connections, so as to introduce the learner to the Economy of companies and public administrations, understood as autonomous and organic discipline of the business economy. Secondly, the Course aims to offer the students the knowledge of the forms of public intervention in the economy in their historical development and according to a legal approach, with particular attention to the role of the so-called Administrative Independent Agencies in Italian and comparative law.
21201745 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO
21201745-1 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO	3	IUS/05	20	-	-	-	Core compulsory activities	ITA
21201745-2 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO	3	IUS/05	20	-	-	-	Core compulsory activities	ITA
21201745-3 - DIRITTO E FINANZA DELLA TUTELA DEL RISPARMIO	3	SECS-P/08	20	-	-	-	Core compulsory activities	ITA

Optional group: Mercati, settori e istituzioni - 1° anno - un insegnamento a scelta tra: - (show)

21201457 - INDUSTRIAL ECONOMICS - ADVANCED COURSE (objectives) The aim of the course is twofold. The analytical models of the main problems of industrial economics, with a particular focus on the strategic interaction between firms, are the core of the first module of the course. The second module aims to provide students with the notions for a thorough analysis of the Italian productive system, taking into consideration issues related to firms’ organization and performance together with a close look at the specific industries’ main competitiveness indicators	9	SECS-P/01	60	-	-	-	Core compulsory 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.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21201439 - MACROECONOMICS - ADVANCED COURSE (objectives) The course offers an introduction to theories, models and methods currently used to analyze macroeconomic dynamics. The main focus is on long-run dynamics and growth, but the course deals also with traditional topics such as consumption, investment, saving, money and credit. Discussion will mostly concern post-II World War theories. Among these, it deals with Solow and Ramsey-Cass-Koopmans exogenous growth theories, as well as the more recent endogenous growth theories. Methodologically, the course makes an intensive used of deterministic, general equilibrium models in discrete time. Topics and methods are considered essential references and tools by most institutions actually involved in macroeconomic analysis (e.g. central banks, institutes analyzing business cycles, supervisory boards and authorities, commercial banks). Further they form an essential prerequisite for more advanced coursed in macroeconomics and economic policy and to pursue graduate studies.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21201438 - MICROECONOMICS - ADVANCED COURSE (objectives) The objective of this course is to provide a thorough knowledge of the analytical methods and the recent theoretical developments in microeconomics. At the end of this course a student will be able to understand the microeconomic foundations of recent macroeconomic theory; to handle the analytical tools needed for static optimization; to apply theoretical methods in empirical studies; to acquire the analytical tools needed for further studies in more specialized fields of economics.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA

Optional group: Altre Attività Formative - Un'attività a scelta tra: - (show)

21201444 - BUSINESS ENGLISH	6		60	-	-	-	Other activities	ITA
21210029 - Stage	6		-	-	-	-	Other activities	ITA
21201321 - ENGLISH LANGUAGE	6	L-LIN/12	150	-	-	-	Other activities	ITA
21201511 - I.T.: STATISTICAL ANALYSIS LABORATORY (objectives) The course aims at providing students with basic knowledge of statistical analysis software tools such as Matlab. The final objective of the course is to ensure that students, at the end of the teaching activity, are able to perform some of the main statistical applications and, in the case of applications not developed within the course, to being able to learn independently the knowledge necessary for the development of such applications.	6	INF/01	150	-	-	-	Other activities	ITA

SECOND YEAR

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201408 - STATISTICAL METHODS FOR ECONOMETRICS

- Derived from 21201408 METODI STATISTICI PER L'ECONOMETRIA in SCIENZE ECONOMICHE LM-56 N0 NACCARATO ALESSIA

SECS-S/01

Core compulsory activities

ITA

Optional group: Mercati, settori e istituzioni - 2° anno - un insegnamento a scelta tra: - (show)

Optional group: MERCATI, SETTORI E ISTITUZIONI 2 ANNO - Un insegnamento a scelta tra: - (show)

Optional group: Mercati, settori e istituzioni - 2° anno - un insegnamento a scelta tra: - (show)

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

Optional group: Mercati, settori e istituzioni - 2° anno - un insegnamento a scelta tra: - (show)

Optional group: MERCATI, SETTORI E ISTITUZIONI 2 ANNO - Un insegnamento a scelta tra: - (show)

Optional group: Mercati, settori e istituzioni - 2° anno - un insegnamento a scelta tra: - (show)

21210000 - A SCELTA STUDENTE

Elective activities

ITA

21201473 - FINAL EXAM

100

Final examination and foreign language test

ITA

FINANZA E PROCESSI ECONOMICI

FIRST YEAR

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201408 - STATISTICAL METHODS FOR ECONOMETRICS (objectives)

- NACCARATO ALESSIA

SECS-S/01

Core compulsory activities

ITA

21201491 - MONETARY ECONOMICS

- Derived from 21201491 ECONOMIA MONETARIA in SCIENZE ECONOMICHE LM-56 N0 LEVRERO ENRICO SERGIO (syllabus) (reference books)

SECS-P/01

Core compulsory activities

ITA

Optional group: FINANZA E PROCESSI ECONOMICI - 1° anno - un insegnamento a scelta tra: - (show)

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. - 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
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.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21201468 - HISTORY OF FINANCE

Optional group: Finanza e processi economici - 1° anno - un insegnamento a scelta tra: - (show)

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201437 - POLITICAL ECONOMY - ADVANCED COURSE

21201437-2 - ECONOMIA POLITICA - CORSO AVANZATO 2

- CICCONE ROBERTO (syllabus) (reference books)

SECS-P/01

Core compulsory activities

ITA

21201437-1 - ECONOMIA POLITICA - CORSO AVANZATO

- FRATINI SAVERIO MARIA (syllabus) (reference books)

SECS-P/01

Core compulsory activities

ITA

21201718 - ADVANCED CORPORATE FINANCE

21201718-2 - ADVANCED CORPORATE FINANCE

SECS-P/09

Related or supplementary learning activities

ITA

21201718-1 - ADVANCED CORPORATE FINANCE

- MORRESI OTTORINO (syllabus) (reference books)

SECS-P/09

Related or supplementary learning activities

ITA

Optional group: FINANZA E PROCESSI ECONOMICI - 1° anno - un insegnamento a scelta tra: - (show)

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.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21201438 - MICROECONOMICS - ADVANCED COURSE (objectives) The objective of this course is to provide a thorough knowledge of the analytical methods and the recent theoretical developments in microeconomics. At the end of this course a student will be able to understand the microeconomic foundations of recent macroeconomic theory; to handle the analytical tools needed for static optimization; to apply theoretical methods in empirical studies; to acquire the analytical tools needed for further studies in more specialized fields of economics.	9	SECS-P/01	60	-	-	-	Core compulsory activities	ITA
21201562 - ADVANCED ECONOMIC POLICY (objectives) The overall objective of Politica economica c.a. is to provide an in depth understanding of modern macroeconomic theory with strong emphasis on Business cycle and Stabilization policies. The course focuses mainly on Dynamic General Equilibrium macroeconomic models, starting from real business cycle models into which New Keynesian macroeconomic features are introduced.	9	SECS-P/02	60	-	-	-	Core compulsory activities	ITA
21201468 - HISTORY OF FINANCE
21201468-1 - STORIA DELLA FINANZA	8	SECS-P/12	50	-	-	-	Core compulsory activities	ITA
21201468-2 - STORIA DELLA FINANZA	1	SECS-P/12	10	-	-	-	Core compulsory activities	ITA

Optional group: Finanza e processi economici - 1° anno - un insegnamento a scelta tra: - (show)

Optional group: Altre Attività Formative - Un'attività a scelta tra: - (show)

21201444 - BUSINESS ENGLISH	6		60	-	-	-	Other activities	ITA
21210029 - Stage	6		-	-	-	-	Other activities	ITA
21201321 - ENGLISH LANGUAGE	6	L-LIN/12	150	-	-	-	Other activities	ITA
21201511 - I.T.: STATISTICAL ANALYSIS LABORATORY (objectives) The course aims at providing students with basic knowledge of statistical analysis software tools such as Matlab. The final objective of the course is to ensure that students, at the end of the teaching activity, are able to perform some of the main statistical applications and, in the case of applications not developed within the course, to being able to learn independently the knowledge necessary for the development of such applications.	6	INF/01	150	-	-	-	Other activities	ITA

SECOND YEAR

First semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

21201550 - ECONOMICS AND FINANCE OF SMALL AND MEDIUM BUSINESS

21201550-1 - ECONOMIA E FINANZA NELLE PMI

- VENANZI DANIELA (syllabus) (reference books)

SECS-P/01

Related or supplementary learning activities

ITA

21201550-2 - ECONOMIA E FINANZA NELLE PMI

- VENANZI DANIELA (syllabus) (reference books)

SECS-P/09

Related or supplementary learning activities

ITA

Optional group: FINANZA E PROCESSI ECONOMICI 2 ANNO - Un insegnamento a scelta tra: - (show)

Optional group: FINANZA E PROCESSI ECONOMICI Orientamento unico 2 ANNO - UN INSEGNAMENTO A SCELTA TRA: - (show)

Second semester

Course

Credits

Scientific Disciplinary Sector Code

Contact Hours

Exercise Hours

Laboratory Hours

Personal Study Hours

Type of Activity

Language

Optional group: Finanza e processi economici - 2° anno - Un insegnamento a scelta tra: - (show)

Optional group: FINANZA E PROCESSI ECONOMICI Orientamento unico 2 ANNO - UN INSEGNAMENTO A SCELTA TRA: - (show)

21210000 - A SCELTA STUDENTE

Elective activities

ITA

21201473 - FINAL EXAM

100

Final examination and foreign language test

ITA