20545 - PUBLIC POLICY AND ADMINISTRATION & HISTORY OF ECONOMIC THOUGHT
Course taught in English
Go to class group/s: 31
- First Block - Public Policy and Administration (Amelia Compagni):
In the second part the course deals with one of the main functions of the State: the generation of public policies. The lectures explore how we understand the process of decision-making and of the creation of public policies. It draws from models of bounded rationality and incrementalism, reaching out to the most recent developments in behavioural public policy, informed by studies in psychology.
The module entails both traditional lectures as well as class discussions about relevant case studies and examples taken from current affairs. It also involves a structured class discussion of a scholarly paper, class associated with a graded take-home assignment.
- Second Block - History of Economic Thought (Luca Fantacci):
The course builds on a direct confrontation with selected texts of major economists, with the purpose of highlighting the explicit and implicit assumptions characterizing their peculiar approach. Preliminary reading of the texts and active discussion in class is strongly encouraged.
The attention is necessarily focused on a limited number of authors, whose contributions represent significant turning points in the history of economic ideas:
- Adam Smith, the theory of moral sentiments and the wealth of nations
- David Ricardo, the principles of political (?) economy
- Karl Marx, the intrinsically revolutionary character of capital accumulation
- Léon Walras, the marginal revolution and the micro foundation of macroeconomics
- Joseph Alois Schumpeter, creative destruction and the role of banks as ephors of capitalism
- John Maynard Keynes, poverty in plenty and the need for monetary refor
- The evolution of economic thought after World War II
- Attending students: The evaluation will be based on a written exam with open questions about the topics encountered during the course (80%) and an individual take-home assignment about a scholarly article that will be then discussed in class (20%).
- Non attending students: written exam.
- Written exam for both attending and non attending students.