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PUBLIC FINANCE AND MARKETS

CODE 90818
ACADEMIC YEAR 2020/2021
CREDITS 9 credits during the 2nd year of 8700 Economics and Financial Institutions (LM-56) GENOVA
SCIENTIFIC DISCIPLINARY SECTOR SECS-P/03
LANGUAGE English
TEACHING LOCATION GENOVA (Economics and Financial Institutions)
SEMESTER 2° Semester
TEACHING MATERIALS AULAWEB

AIMS AND CONTENT

LEARNING OUTCOMES

The objective of the course is to ensure that students have command of the main tools used in public finance analysis in simple and advanced theoretical models. Students are introduced to economics of information and to “mathematical modes of analysis” and provided with sufficient command of such analysis to enable them to undertake advanced work in areas such as public economics, health economics, fiscal policy, credit and insurance markets

AIMS AND LEARNING OUTCOMES

Knowledge and understanding. Students should be able to apply the main tools used in public finance analysis.

Applying knowledge and understanding. Students should be able to understand, in a context of asymmetry in information, interactions and strategic behaviors of economic agents

Making judgments.  Students are expected to cope with new problems and scenarios, grasping all the relevant information necessary to undestanding of market equilibria and inefficiency.

Communication skills. Students should improve their economic understanding and terminology in order to properly relate with researchers and field experts.

Learning skills. Students should improve their learning and comprehension abilities in order to master economic theory.

TEACHING METHODS

Lectures

Project work (in team) and economic data analysis

SYLLABUS/CONTENT

- General equilibrium and welfare
- Economics of information: uncertainty, information, advertising, incentives
- Inefficient markets analysis (credit market, insurance market, job market and others)

RECOMMENDED READING/BIBLIOGRAPHY

The course is structured around teacher’s handouts and original papers, which will be made
available by aulaweb.
Additional readings (optional) are the following textbooks:
- Tresch, Public Finance - A Normative Theory (Academic Press, 2014)
- Stadler and Castrillo, An Introduction to the Economics of Information - Incentives and Contracts (Oxford Univrsity Press, 2009)

TEACHERS AND EXAM BOARD

Exam Board

MARCELLO MONTEFIORI (President)

MARTA AMERI

BARBARA CAVALLETTI

LUCIA LEPORATTI

LESSONS

TEACHING METHODS

Lectures

Project work (in team) and economic data analysis

Class schedule

All class schedules are posted on the EasyAcademy portal.

EXAMS

ASSESSMENT METHODS

An important element of the course is the two (written) intermediate tests that form the continuous
assessment element, one in the middle and one at the end of the course. They will also provide
feedback on the development of the student's understanding.
Alternatively, students are assessed in (written) final examinations.
Attendance to the course is not required and there is no difference between attending and nonattending
students.
Students are free to choose whether to be assessed in English or Italian

Exam schedule

Date Time Location Type Notes
12/01/2021 10:00 GENOVA Scritto
26/01/2021 10:00 GENOVA Scritto
11/02/2021 10:00 GENOVA Scritto
12/05/2021 09:00 GENOVA Scritto appello straordinario riservato esclusivamente ai laureandi a.a. 2019/20
08/06/2021 10:00 GENOVA Scritto
25/06/2021 10:00 GENOVA Scritto
14/07/2021 10:00 GENOVA Scritto
10/09/2021 10:00 GENOVA Scritto