PRESENTAZIONE

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.

OBIETTIVI E CONTENUTI

OBIETTIVI FORMATIVI

L’obiettivo del corso è di fornire idonei strumenti concettuali per la comprensione e l’analisi di equilibri economici in mercati non efficienti. Particolare attenzione viene posta sull’incertezza e sull’informazione asimmetrica (nelle sue diverse forme) quale causa di fallimento per alcuni tra i più importanti mercati (mercato assicurativo, mercato del credito, mercato del lavoro) e alla luce della teoria economica dei contratti incompleti e dei meccanismi incentivanti. Le inefficienze economiche vengono studiate attraverso l’impostazione teorica adottata dagli economisti ed in relazione al ruolo che può essere giocato dalle Istituzioni e dai Governi nel rispondere ai suddetti fallimenti.

OBIETTIVI FORMATIVI (DETTAGLIO) E RISULTATI DI APPRENDIMENTO

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.

PREREQUISITI

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

MODALITA' DIDATTICHE

Lectures

Project work (in team) and economic data analysis

PROGRAMMA/CONTENUTO

• General equilibrium model for public sector analysis
• Economics of information: uncertainty and risk
• Inefficient markets analysis (credit market, insurance market, job market, health market)

TESTI/BIBLIOGRAFIA

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)

DOCENTI E COMMISSIONI

Commissione d'esame

MARCELLO MONTEFIORI (Presidente)

MARTA AMERI

BARBARA CAVALLETTI

LUCIA LEPORATTI

LEZIONI

Orari delle lezioni

L'orario di questo insegnamento è consultabile all'indirizzo: Portale EasyAcademy

ESAMI

MODALITA' D'ESAME

Scritto

Orale su richiesta

MODALITA' DI ACCERTAMENTO

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.

Students can (on a voluntary basis) organize themselves in groups and work on a project. The 'project work' will be carried on by the students, under the supervision of the lecturer. 

The written exam will evaluate the knowledge of the contents, the problem solving ability and the correct use of economic specialized language.
The group work will be used to evaluate the autonomy of the students and their team working ability. Moreover, by the project work, students will demonstrate their ability in understanding international economic literature and their skills in a English presentation .

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

Calendario appelli