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8011170 -
EUROPEAN PUBLIC CHOICE
(obiettivi)
- Foundations and review: individual rationality, game theory, econometrics
- Preference aggregation: Arrow's impossibility theorem, median voter model
- Voting: multidimensionality, agenda setting, strategic voting, the paradox of voting
- Electoral competition: Downsian model, probabilistic voting, partisan candidates, citizen-candidate model
- Political agency: accountability, term limit, incumbency advantage
- Legislative organization: presidential vs. parliamentary, committees, electoral rules, coalition governments
- Bureaucracy: budget maximizing bureau, congressional dominance
- Special interest politics: lobbying, rent-seeking, corruption
- European institutions: parliament, commission, councils
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6
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SECS-P/01
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36
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ENG |
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8010827 -
INTERNATIONAL ECONOMICS
(obiettivi)
1. Conoscenze e capacità di comprensione:
o Comprensione dettagliata su temi di economia internazionale ed economia monetaria internazionale, analisi dei regimi di cambio, delle regole che governano i mercati finanziari internazionali, delle implicazioni economiche delle crisi sui mercati valutari, finanziari e del debito sovrano
o Apprendimento di un approccio analitico ed elaborazione di soluzioni di policy per l’analisi delle questioni economiche internazionali. Gli studenti devono essere in grado di rafforzare ed estendere le conoscenze acquisite e consentire di elaborare e/o applicare idee originali, anche in un contesto di ricerca.
2. Utilizzazione delle conoscenze e capacità di comprensione:
o Le nozioni, i concetti ed i modelli teorici appresi consentono di comprendere in maniera più chiara ed organica le ragioni delle crisi internazionali e i fondamenti e le implicazioni dei processi di integrazione dei mercati e delle economie reali sempre in un contesto internazionale e di poter formulare delle proposte concrete di policy. Quanto appreso può essere utilizzato in nuovi ambiti e in un contesto lavorativo nella gestione dei rapporti con le istituzioni internazionali, con le banche centrali, divisioni di ricerca presso enti internazionali, etc.
3. Autonomia di Giudizio
o Capacità di trarre conclusioni su temi di attualità rilevanti per i policy makers proposti durante le lezioni Quanto appreso può essere utilizzato per valutare in maniera critica l’operato dei policy maker in un contesto internazionale
4. Abilità comunicative
o Sapere presentare fatti e meccanismi complessi in maniera rigorosa a interlocutori specialisti e non specialisti
5. Capacità di apprendere
o Ci si attende che al termine del corso gli studenti abbiano acquisto la capacità di saper analizzare in senso critico i principali eventi in un contesto internazionale, saper leggere e interpretare paper scientifici e banche dati e siano capaci di continuare a studiare ed elaborare progetti di ricerca in modo autonomo.
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6
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SECS-P/01
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36
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ENG |
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8011212 -
MONETARY ECONOMICS
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Erogato in altro semestre o anno
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8011194 -
MACROECONOMETRICS
(obiettivi)
This unit of study aims at providing an advanced knowledge on linear models and methods for economic time series analysis, forecasting and feature extraction. The focus is on state space models, a class of dynamic models such that the series under investigation are related to quantities called states, which are characterised by simple temporal dependence structure. The states have often substantial interpretation. Key estimation problems in macroeconomics concern latent variables, such as the output gap, potential output, the non-accelerating-inflation rate of unemployment, or NAIRU, core inflation, and so forth. These will be typically our states.
Topics addressed in this course include:
1. Introduction. The state space representation and its role in macroeconometrics. Review of optimal and linear prediction theory.
2. Unobserved components models for economic time series. Models for the trend component. Cyclical components. Seasonality and Calendar components. Outliers and structural breaks.
3. State space models and their statistical treatment. Kalman Filter. Maximum likelihood estimation Smoothing filters Forecasting, Diagnostics.
4. Regime Switching Models
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6
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SECS-S/03
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36
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ENG |
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8011429 -
INDUSTRIAL ORGANIZATION
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Erogato in altro semestre o anno
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8011465 -
ENVIRONMENTAL ECONOMICS
(obiettivi)
This course aims at providing students with the analytical tools and methodological skills that are necessary to understand the origins of contemporary environmental problems, and to identify the appropriate policies to solve them. During the course, the most recent developments and debates in environmental and natural resource economics are addressed to students.
Environmental economics studies the complex interrelations between economics and the environment. The starting point of the analysis is the recognition that in several cases markets do not provide the right amount of environmental protection, and that some government intervention is frequently needed to balance different social needs. In a world where human pressure and economic activities stress the environment by exploiting fisheries, forests, minerals, energy sources, and other environmental resources, it is increasingly important to study how economic tools can be used to develop sustainable environmental approaches and policies.
During the course, a selection of specific topics of environmental economics will be treated at an intermediate-advanced level:
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6
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SECS-P/01
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36
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ENG |
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8011197 -
MICROECONOMETRICS
(obiettivi)
Cross-sectional Data Models for Discrete and Limited Dependent Variables
1. The linear exponential family and generalized linear models.
2. Binary outcomes models.
3. Multinomial outcomes models.
4. Models for truncated/censored data and sample selection models.
5. Count data models.
Panel Data Models
1. Static linear panel data models: within group, _rst-di_erence, GLS and between group estimators.
2. Repeated cross-sections, heterogeneous panels, unbalanced panels and panel attrition.
3. Dynamic linear panel data models.
4. Nonlinear models: binary, truncated/censored and count outcomes.
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6
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SECS-P/05
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36
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-
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ENG |
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8011215 -
THEORY OF BANKING
(obiettivi)
The course will discuss some fundamental issues related to financial intermediation in contemporary economic systems. Why do financial intermediaries exist? What is the role they play and what are the consequences of their activities?
Preliminaries: What is a bank and what are her functions: a close look at the balance sheet of bank.
Part I
Introduction to time, uncertainty and liquidity. Asymmetric information problems: adverse selection and moral hazard
Microeconomic foundations for financial intermediation. Why do banks exist. Banks in Arrow-Debreu economies. Banks as pool of funds: Diamond-Dybvig (1983). Banks as delegated monitors: Diamond (1984).
Bank runs as outcomes of a self-fullfilling prophecy. Remedies to economic instability due to bank runs. The economic cycle and its effect on bank runs.
The effects of banks on financial markets: equilibria with credit rationing. Stiglitz-Weiss (1981). The role of collateral as an incentive device.
Part II
Banks can fail: history and institutions. A discussion on the emergence of a financial crisis: the causes, the consequences and policy issues related to a crisis. The trasmission mechanisms from the financial to the real sector: money view and credit view. The main features of the 2007-2009 financial crisis in comparison with past crises’ episodes: the causes, the transmission mechanisms, the consequences. Financial market regulation before and after the crisis of 2007-2009.
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6
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SECS-P/01
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36
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ENG |
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8011690 -
DEVELOPMENT ECONOMICS
(obiettivi)
To understand why countries, regions and individuals lags behind others in terms of material well-being and to design effective policies to close such gaps, is the objective of development economics.
Development economics is a very broad subject, ranging to design incentive compatible emergency interventions to save lives in flood affected areas, to changing the structure of agricultural production, to reform education systems, to design effective trade policies. Practically every area in economics has a counterpart in development economics.
A 6 credit course cannot cover all the areas, and the course therefore will focus on the microeconomics aspect of the discipline: studying the factors and constraints influencing individual-level, household-level, or farm-level decision-making in developing countries. In particular the course will focus on human capital accumulation, labor market and migration, and physical capital accumulation. The area of focus will reflect, as far as possible, the actual research interest of the lecturer of DEF, so to promote participation in research projects and field activities.
The course will also provide the basics of Impact Evaluation techniques, if not previously covered.
This course is designed for students with graduate level training in microeconomics and econometrics and an interest in international development.
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6
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SECS-P/01
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36
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ENG |
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8011689 -
HEALTH ECONOMICS
(obiettivi)
This course will follow a lecture format. Students are encouraged to ask questions on the course material and to share any personal experiences that are relevant to the topic. Reading assignments will be made in advance, and students will be responsible for reading them prior to each class, and in case leading the class discussion. Part of each student’s final grade will depend upon class participation. Students will also be expected to choose, study, and present one topic to the class.
Prerequisites
Micro-Economics is a pre-requisite for this course. Knowledge of multivariate statistics and econometrics is recommended since an exposure to regression analysis will also be useful for understanding the material. Students who are unsure about their preparation for the course should speak with me.
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6
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SECS-P/03
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36
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ENG |
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8011688 -
PROCUREMENT AND REGULATION
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Erogato in altro semestre o anno
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8011309 -
ADVANCED TOPICS IN ECONOMICS
(obiettivi)
The course deals with the key management issues corporations are facing. Thus, specific attention is devoted to the understanding of the fundamentals of strategy analysis, the management of innovation, and to the scope of the firm (i.e. vertical integration, diversification and global strategies) as well. The course also develops major insights about behavioural strategy, which constitutes a powerful conceptual lens for understanding how organizational competition works.
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6
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SECS-P/01
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36
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ENG |
