20512 - ECONOMICS AND POLICY OF GLOBAL MARKETS
Course taught in English
Go to class group/s: 14
Class-group lessons delivered on campus
Basic knowledge of Macroeconomics.
The course aims at understanding the working of the global economy, its governing Institutions, and its reaction to shocks (health, financial or military crises), focusing on the elements driving economic growth. The aim of the course is to provide the theoretical, empirical and historical tools useful to grasp the essential features of the discussed problems. Throughout the course, special attention is given to a thorough understanding of the process of European integration, compared to other experiences in the world.
The course is divided in three modules:
- A first module provides a critical discussion of long-run economic scenarios focusing on three main issues: economic growth models (with an application to the case of China), regional divergence with Europe (and the policies to contrast it), and labour markets.
- A second module analyses in details the economics of the business cycle and the role of fiscal and monetary policies in shaping it, with a particular attention to the process of European integration.
- A third module looks at the institutional and historical features of economic crises.
- Understand the drivers of countries' growth in the long run.
- Understand the dynamics of the labor market.
- Use basic macroeconomic models to forecast the possible evolution of the business cycle across countries.
- Recognize the impact on the business cycle of economic shocks and policy (fiscal and monetary) responses.
- Assess the implications of economic crises (Covid-19, finance) on countries, with a particular focus on the European Union.
- Assess the role of historical events and institutions in driving the current evolution of global markets.
- Apply the theoretical, empirical and historical tools developed in the course in order to grasp the essential features and evolution of global markets and their reaction to crises.
- Face-to-face lectures
- Exercises (exercises, database, software etc.)
- Group assignments
The group assignments (up to 3 students) covers the content of the second part of the Group.
The topics complement those discussed in Face-to-Face lectures.
Specific exercises on the models developed in Part I of the course help students in their mastering of economic concepts.
|Continuous assessment||Partial exams||General exam|
The exam can be undertaken either as two Intermediate exams or as one General exam.
The First Intermediate exam (1h15') covers Part I of the course, and is structured as follows: 3 open questions (worth 9 points each) + 4 MC (one point each). The second intermediate exam is a Group Assignment on the content of Part II of the course. The First Intermediate has a 60% weight (vs the assignment, 40%).
The General exam (2h) is structured in 5 open questions (worth 5 points each) + 6 MC (one point each) on the entirety of the course program.
- C.J. JONES, Macroeconomics, Norton, 2013, 3rd Ed.
- M. AMATO, L. FANTACCI, End of Finance, Polity press, 2012.