Economics of Innovation

Erasmus students Objectives. Regarding the educational objectives, the course analyses the micro/macro market and "non-market" failures and the policy trade-offs, particularly between state and market, unemployment and inflation, economic growth and distribution of income, and economic growth and balance of payments. The knowledge of all these issues and a familiarity with the structure of the decision-making process are the essential requirements to address the various aspects of current economic policies, Syllabus. Economic policy and economic theory. Microeconomic and macroeconomic market failures. The normative theory of economic policy. The failures of the state and the positive theory of economic policy. The cost-benefit analysis. The tools of microeconomic policy. Antitrust policies. The policies in the presence of externalities and public goods. Redistributive policies and the welfare state. The objectives and the macroeconomic instruments in an open economy. The monetary policy. The fiscal policy. Incomes policy and prices. The policies for the balance of payments. Policy issues related to economic growth. The automatic rules, discretionary measures, and temporal inconsistencies. The international financial integration issues Expected goals. Awareness of the role of economic policy and the relationship between state and market. Awareness of the objectives and instruments of economic policy. Awareness of the processes of development of the Italian economy, international relations, and relations between economic policies and business strategies

Economia Politica

Acocella N., Politica economica e strategie aziendali, Carocci, Roma.

Not mandatory.

The exam consists of a written test and an optional oral test. The written test is a multiple-choice exam, including some numerical exercises, and is usually held in the computer lab. The maximum score for the written test is 24 (the professors reserve the right to raise this limit to 26). Anyone scoring at least 18 can either record the written test grade or opt to take the oral test. In the latter case, the oral exam will determine the final grade. Anyone receiving a failing grade (N/A) must retake the written test at the next session. The oral exam may improve the final grade compared to the written exam, but it may also result in a lower grade. Registration for the exam must be completed through Infostud within the deadlines set for each exam session. As established by the Faculty, there will be no “exemption” exams during the course.

nd

Front load classes