Scientific Disciplinary Sector (SSD)
SECS-P/02 - ECONOMIC POLICY
Language of instruction
primo semestre (lauree magistrali) dal Oct 5, 2020 al Dec 23, 2020.
The course deals with the main topics of development economics: the determinants of growth, technological progress, productivity, the distributional implications of growth, human capital accumulation of the dual models of development. The recent evolution of the world economy is analyzed, with particular attention to the processes of regional integration and the link between financial crises, global imbalances and inequalities. The classes will be enriched by the participation of foreign professors and experts from international organizations. At the end of the course, the students will be ready to apply for positions in international companies and institutions. -They will manage the main tools suitable to analyze the opportunities offered by the different countries with which Italian companies interact, both as potential markets and as possible production sites. - They will be able to analyze and critically interpret both the economic and financial characteristics of countries operating at different stages of the development process, - They will be able to evaluate the main risks and opportunities offered by international markets in a context of increasing integration. The course will be taught in English
INTRODUCTION TO DEVELOPMENT ECONOMICS
1. An overview of economic development in different countries.
2. An introduction to causal policy evaluation methods.
3. Economic growth and economic development.
4. Human capital: education and public health.
5. Human capital, endogenous growth, history, expectation and istitutions.
6. Inequality (global and local), poverty and development.
7. Migration: the dual model of development and the labor market.
8. Urban agglomerations and the "New Economic Geography".
9. Credit market, inequality and development.
10. Development and public policy I.
INTERNATIONAL TRADE AND DEVELOPMENT
11. International trade and development: facts and myths.
12. International trade, labor market and inequality.
13. Globalization, financial crises and development.
14. Development and public policy II: Trade policies.
- D. Ray (1995) “Development economics”, Princeton University Press, ISBN 0-691-01706-9
- R. Fiorentini e G. Montani (2012), “The New Global Political Economy”, Edward Elgar, ISBN 978-0-85793-404-8, capitoli 2,3,4
- P. Bardhan (2010), “Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India”, Princeton University Press.
- F. Bourguignon, T, Scott-Railton (2015), “The Globalization of Inequality”, Princeton University Press.
Further readings (scientific and policy reports, published research) will be provided during the classes. Some of the material covered in class includes evidence taken from these additional readings. Students are referred to this material as complementary readings, and for understanding and critically analyzing the extent of development of institutions governing countries and characterizing the business environment.
||Princeton University Press
|R. Fiorentini and G. Montani
||The New Global Political Economy
The final exam consists of a written assessment based on open and multiple choice questions. An equivalent version of the assessment can always be perfomed online during the academic year 2020/2021.
The exam will be evaluated on a scale 0-30. During the final exam, the students are tested upon their knowledge and ability to contextualize the theoretical models presented during the course. Furthermore, students are requested to prove their ability to critically analyze and comment findings in published scientific research and in policy reports published by major international research institutions (OECD, IMF, WB), as well as to analyze the data that can be used to describe the economic scenario of single countries or to compare different countries.
All students must seat at one of the official exam sections. All the students (attending or not attending the classes) who seat the first exam section (exclusively) will be granted the possibility to integrate their final grade with two additional activities:
i) Students will prepare a written essay on a topic to be agreed upon with the teacher. The essay will be delivered the first exam section day at the latest, while its content will be presented in class/zoom call during the last class. The essay will be evaluated on the basis of the originality of the material and the quality of the comments.
ii) Students will also participate actively to the ITED course blog available on the online platform Moodle. The blog covers topics that are related to economic development. Participation will be graded on the basis of the relevance of the comments.
Further details about the grading and weighting of the essay and the blog participation will be provided during the classes.
The students who will not engage in writing the essay and participating to the blog, or who will take the exam after the first official seat, will be graded exclusively on the basis of their exam result.