Course Topics
Competition policies Information asymmetries Fiscal policies Monetary policies

Teaching format
Lectures, resolution of past examinations, discussion of topics

Educational objectives
ILO (Intended Learning Outcomes) ILO 1 Knowledge and understanding ILO 1.1 knowledge of the economic theory of the demand and supply of goods and services, equilibrium and price-setting mechanisms in market economies; ILO 1.2 knowledge of the fundamentals of political economy activities and collective decisions ILO 1.3 understanding of the role and management of public goods, the role of institutions and information ILO 1.4 understanding of the effect of economic policy actions in specific sectors and the role of research, development and innovation ILO 1.5 knowledge of various macroeconomic models for analysing economic changes in the short and medium term, understanding of the causes of economic growth ILO 1.6 Understanding of the use of non-renewable resources and the principles of sustainability ILO 1.7 knowledge of the mechanisms underlying effective communication of theoretical and empirical economic arguments in three languages: Italian, German and English ILO 2 Ability to apply knowledge and understanding ILO 2.1 know how to assess the role of governments and the need for political-economic interventions in market economies ILO 2.2 know how to use available information in order to apply and understand the fundamentals and operational implications of theories of competition and industrial policies ILO 2.3 know how to analyse economic activity with regard to sustainability ILO 3 Making judgements ILO 3.1 identify the most important problems in complex decision-making situations ILO 3.2 perform a critical analysis of facts and situations to be addressed ILO 3.3 choose the most appropriate quantitative and qualitative methods of analysis ILO 4 Learning ability ILO 4.1 retrieve the information necessary to keep abreast of the changing context of reference, both general and specialised ILO 4.2 analysing, critically processing and integrating data, information and future experience, also by means of advanced software

Assessment
Open-book written examination with open questions

Evaluation criteria
Clarity of answers; ability to summarise, evaluate and grasp the relationships between the various topics covered; ability to apply concepts to concrete examples; analytical accuracy of problem solutions with mathematical formulae and clarity of their interpretation