BRANCA Giacomo
(syllabus)
1. Economic policy and its objectives
a. Economic policy and conflict
b. The normative theory of economic policy
c. Foundations of welfare economics
d. The identification of collective objectives according to the ‘new welfare economics’
e. Micro- and macro-economic objectives
2. Microeconomic policies to correct market failures
a. Market power
b. Antitrust policies
c. Externalities
d. Public goods
e. Merit/demerit goods and information asymmetries
3. Redistributive policies
a. Income distribution and social welfare
b. The welfare state
c. Regional policies
4. Macroeconomic policies
a. Macroeconomic disequilibrium regimes
b. Basic models for macroeconomic analysis
c. Fiscal policy
d. Monetary policy
e. The Phillips curve and labor policies
f. The balance of payments and exchange rates
g. The Effects of Macroeconomic Policies in an Open Economy: The IS-LM-BP Model
(reference books)
Cellini R., Economic Policy: Introduction to Fundamental Models. Third edition. McGraw Hill, 2019. Chapters: 1-8 (excluding the mathematical proofs on externalities and the Coase theorem); 10 (sections 10.1 and 10.2); 11-13; 15-17; 18 (sections 18.1-18.4); 19 (sections 19.1-19.3 and 19.5); 21 (sections 21.1, 21.4, 21.7); 23 (excluding the mathematical proof of the Marshall-Lerner condition); 24 (excluding section 24.6).
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