ECONOMIC POLICY

Degree course: 
Corso di First cycle degree in ECONOMICS AND MANAGEMENT
Academyc year when starting the degree: 
2015/2016
Year: 
3
Academyc year when helding the course: 
2017/2018
Course type: 
Basic compulsory subjects
Credits: 
6
Period: 
Second semester
Standard lectures hours: 
48
Detail of lecture’s hours: 
Lesson (40 hours), Exercise (8 hours)
Requirements: 

Microeconomics, Macroeconomics

Final Examination: 
Orale

Students will be evaluated through a written exam. There are no other ways for students to be evaluated. There are no "intermidied/partial" exams. Student are evaluated on a 30-th scale.
The exams is made by two parts. the first part is made by multiple choice questions, while the second part is made by open question. Students need to get a mark of at least 18/30 in both parts to pass the exam.

Assessment: 
Voto Finale

The course aims at showing and discussing the basis on which the State intervienes in the economy, both at microeconomic and at macroeconomic level. Students will be provided with teoretical tools to analyse and interprete such interventions. Moreover, empirical examples will be made in order to allow students to familiarize with such tools.

Introduction
Section I: Social Preferences
• Individual preferences and social preferences
• The “New Welfare Economics”
• “Justice Theories” and social welfare function
Section II: Social Choices, State and Market
• Social preferences and institutions
• Market failures: microeconomics features
• Market failures: macroeconomics features
• Market failures: macroeconomics theories
Section III: Normative and Positive Theory of Economic Policy
• Normative theory of economic policy
• Failures of “non-markets”

Section IV: Interventions at microeconomic level
• The microeconomic policies
• Cost-benefit analysis

Section IV: Interventions at macroeconomic level
• Macroeconomic objectives and monetary policies
• Macroeconomic objectives and fiscal policies
Appendix: The European Union

Nicola Acocella, “Fondamenti di politica economica”, Carocci editore, fifth edition.

The Chapters of the book which need to be studied for the exam will be pointed out by the Lecture during classes and they will be reported on the e-learning platform of the course

Supplementary material which needs to be studied for the exam might be provided by the Lecture during the classes. However, this material will be also made available on the e-learning platform

lectures

Professor Robone meets students in her office at the Department of Economics, Via Monte Generoso 71, Varese. Office hours will be noticed on the web page of the Department of Economics. If you need to contact Professor Robone, you can write her an email at the following address: silvana.robone@uninsubria.it

Professors

MARSON MARTA