ECONOMIC POLICY

CODE	64452
ACADEMIC YEAR	2025/2026
CREDITS	6 cfu anno 3 ECONOMIA AZIENDALE 8697 (L-18) - GENOVA
SCIENTIFIC DISCIPLINARY SECTOR	SECS-P/02
TEACHING LOCATION	GENOVA
SEMESTER	2° Semester
PREREQUISITES	Propedeuticità in ingresso Per sostenere l'esame di questo insegnamento è necessario aver sostenuto i seguenti esami: Business Administration 8697 (coorte 2023/2024) MICROECONOMICS 41126 C MICROECONOMICS 41126 A MICROECONOMICS 41126 B MACROECONOMICS 55648 B MACROECONOMICS 55648 A MACROECONOMICS 55648 C
TEACHING MATERIALS	AULAWEB

OVERVIEW

The teaching unit will present an overview of macroeconomic issues and the corresponding
economic policy strategies emerging in the current phase of the national and international
economy.

AIMS AND CONTENT

LEARNING OUTCOMES

The teaching unit aims to provide students with an overview of the objectives, strategies, instruments, and effects of monetary policy and, in particular, fiscal policy, with reference to the events characterizing the current economic reality

AIMS AND LEARNING OUTCOMES

The aims and expected learning outcomes are consistent with the "Dublin Descriptors":

- Knowledge and understanding: Students will be able to describe and explain the foundations
of Economic Policy (theoretical models and policy strategies) in relation to the current national
and international context, using appropriate terminology.

- Applying knowledge and understanding: Students will be able to apply the acquired
knowledge from market analysis to the behaviour of economic operators and policy makers,
by solving case studies or exercises proposed during lessons or exams.

- Making judgements: Students will be able to autonomously evaluate the implications of
economic policies for business activities, both at a conceptual and operational level, through
the analysis of proposed economic scenarios.

- Communication skills: Students will be able to communicate clearly and unambiguously,
both in written and oral form, using the technical language of the discipline, with both
specialist and non-specialist interlocutors, during presentations, discussions, or written tests.

- Learning skills: Students will be able to autonomously deepen their knowledge of economic
literature and actively use available sources and tools to update their competences, also in
professional contexts.

PREREQUISITES

A basic knowledge of Microeconomics and Macroeconomics is recommended.

TEACHING METHODS

Lectures by the teacher and thematic in-depth seminars. Classroom debates with possible
attribution of "bonus points" valid for the final exam result. Attendance is not compulsory, but
strongly recommended. Students with certification of disability, learning disorders or special
educational needs should contact, at the beginning of the lessons, both the instructor and the
Department’s disability liaison, Professor Serena Scotto (scotto@economia.unige.it), to agree
on teaching and exam arrangements that, while respecting the objectives of the teaching unit,
take into account individual learning methods and allow the use of any compensatory tools.

SYLLABUS/CONTENT

1) Savings, capital accumulation and production: analysis of accumulation mechanisms and
their impact on economic growth.
2) Technological progress and growth: the role of innovation in macroeconomic development.
3) Financial markets and expectations: functioning of financial markets and formation of
expectations.
4) Expectations, consumption and investment: relationship between expectations,
consumption and investment decisions.
5) Open goods and financial markets: effects of international integration.
6) The goods market in an open economy: international trade and balance of payments.
7) Production, interest rate and exchange rate: interactions between real and financial
variables.
8) Fiscal policy: instruments, objectives and effects.
9) Monetary policy: instruments, objectives and effects.

TEACHERS AND EXAM BOARD

MARCO MAZZOLI

Ricevimento: Office hours for meeting students will be published on the "AulaWeb" site of the course as soon as the administration offices have prepared the lessons timetable. The office hours for meeting students only apply during the lessons periods of the Ist and 2nd Semesters. Out of the Ist and 2nd semesters the students may contact the teacher by e-mail to set an appointment. Any change will be communicated on the AulaWeb Forum of the course.

LESSONS

LESSONS START

Second term. For further details and updates, you are kindly requested to refer to the academic calendar of the Department of Economics of the University of Genova, at the following link:

https://economia.unige.it/calendario-didattico

Class schedule

ECONOMIC POLICY

EXAMS

EXAM DESCRIPTION

Written exam consisting of open questions. No minimum thresholds are set for individual
parts. Different arrangements for Erasmus students or students with special needs will be
agreed with the instructor.

ASSESSMENT METHODS

The competences and knowledge of the teaching unit are assessed, in the written exam,
through open theoretical questions referring to the methodologies and relevant topics covered
in the lectures and in the textbook. The evaluation criteria include: accuracy of answers,
clarity of exposition, appropriate use of terminology, ability for critical analysis and application
of knowledge of the different topics indicated in the syllabus. There are no restrictions on repeating the exam.