•GUIDA ECONOMIA 07-08 - Università degli studi di Udine

190 prospectus udine
ECONOMIC POLICY
Prof. Antonio Massarutto
Aims
The aim of the course is to provide an
introductory analysis of the role of the
state in the market economy from a
microeconomic perspective, based on
standard welfare economics and the theory
of market and non-market failures.
This theoretical framework is applied to
the discussion of state intervention: reasons
that justify it, available instruments
with a particular focus on market creation
and guarantee, allocative efficiency, economic
development and distributive
equity. The course is ideally complementary
to that of Monetary Policy, in which
state intervention is discussed from a
macroeconomic perspective. The courses
of Pubic Sector Economics I and II will
develop the same issues at a more
advanced level.
Contents
- Alternative theories on the economic
role of the state.
- Welfare economics and public choice
theory.
- Reasons for and limits to state intervention:
market and non-market failures.
- Fair competition and antitrust laws.
- Public goods and externalities.
- Market power and incomplete markets.
- Economic growth, competitiveness and
regional development.
- Redistributive policies and the welfare
state.
- Liberalization and privatization.
- Economic regulation and its instruments.
- Economic evaluation of public policies
and cost-benefit analysis.
Bibliography
There is no single manual covering the
whole programme. Powerpoint presentations
used in the classroom will be made
available through the course website.
Two good reference texts are:
- N. ACOCELLA, Economia del benessere,
Carocci, Roma.
- N. ACOCELLA, Le politiche microeconomiche,
Carocci, Roma.
Other readings will be recommended
during the course and made available
through the course home page.
Given the constant reference to topics
and issues deriving from concrete current
policy issues, students are invited to
read the economic press and in particular
http://www.lavoce.info website.
Note for Erasmus students and non-Italian
students: you can use manuals in
your own language and refer to the economic
press of your country if more convenient
for you.
Exam
The exam is written. Foreign students
can take the test in English or in Spanish
if more convenient.
ECONOMICS AND FINANCE
OF TRANSITION
Prof. Giorgio Dominese
Contents
1. Introduction to International Economics
and Finance in emerging and transition
countries
I. Complexity and constraints of the international
system: innovation in informatics,
technological transfer and human
resources as variables not yet considered
in a systematic analysis. Transition
engulfing the whole planetary system.
II. Exchange rates and foreign exchange
mechanisms: the Optimal Currency
Areas.
III. Exchange rates and capital flows in
open economies: financial implications
and the function of Central Banks.
IV. Purchasing power parity (PPP) and
correlated indexing.