European studies

CONTENT SUMMARY Macroeconomic failures and Stabilization policies: the European Perspective The theory of economic policy Monetary policy Fiscal policy in the short term Economic policy in the open market The Phillips curve Adaptive expectations and economic policy Rational expectations and economic policy Nominal and real rigidities Public debt sustainability An overview of recent economic crises The European Central Bank Monetary Policy The fiscal policy in the euro area Key aspects of monetary and fiscal policy interaction in the euro area

Knowledge of basic algebra. Knowledge of basic microeconomics and macroeconomics.

Roberto Basile, Luisa Giallonardo and Marcella Mulino (2025), Macroeconomic Stabilization Policies. The European perspective, CEDAM-Wolter-Kluwer

Attendance is strongly recommended.

Learning assessment is based on passing a written exam with multiple choice questions, open-ended questions supported by graphical analysis, and exercises. An oral discussion may be requested by the instructor to evaluate the written exam results better or by the student to improve their results, provided the written exam has been passed. For attending students, two intermediate assessments are provided, with the same structure as the written exam (open-ended questions with graphical analysis). Passing both intermediate tests is equivalent to passing the final exam. Overall, each test aims to verify the acquisition of the entire set of skills described in the learning objectives.