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Libera Università di Bolzano

Economia per l'Accounting e la Finanza

Semestre 1-2 · 25444 · Corso di laurea magistrale in Accounting e Finanza · 12CFU · EN


The advanced course in Macroeconomics and Industrial
Organization is designed to teach students to apply
economic tools in their business decisions.

In the module on Macroeconomics students start out to
get used to work with the balance of payments and the
current account. Current account deficits, sustainable
deficits and their implications are treated. Real exchange
rates and PPP are discussed, and differences to market
rate shown within data. A next focus is on exchange rate
regimes. Students will learn the effects of imbalances and
foreign exchange interventions on domestic monetary
policy. Nominal shocks, a fixed exchange rate and the
New Keynesian Open Economy explanation are covered.
Finally, the module offers a treatment of sovereign debt
management and the issue of sovereign debt default.
Specific topics are covered in teamwork

The course of Industrial Economics familiarizes with some advanced aspects of incentives and strategies in competitive and oligopolistic markets. In particular, it covers the economics of platforms and network goods, with an eye on how the use of data and AI affects firms’ strategic incentives. It also discusses some relevant aspects related to industrial policy in the current technological and geopolitical context.

Docenti: Federico Boffa, Elisabeth Gsottbauer

Ore didattica frontale: 72 (36+36)
Ore di laboratorio: -
Obbligo di frequenza: Highly recommended, but not required

Argomenti dell'insegnamento
1) Trade balance and the current account, determinants of exchange rates, market rate vs. Real Exchange Rate and PPP 2) Flexible versus fixed exchange rates, implications of imbalances on domestic monetary policy under different exchange rate regimes. 3) Sovereign debt, global crises and sustainable global development 4) Macroeconomics of climate change. 1) Network externalities 5) Platforms: definitions and typologies 6) Economics of platforms: value creation and monetization 7) Platform pricing: monopoly 8) Platform pricing: competition 9) Sources of market power in platforms and non platform markets - consumer inertia 10) Industrial policy in the era of tariffs 11) Artificial intelligence and effects on industry

Modalità di insegnamento
Lectures, group presentation and applications to cases

Modalità d'esame
The assessment takes into consideration the combined acquisition of the learning outcome reached by the students in the two modules. Over the course, attending students are expected to participate to class discussion based on readings and topic assigned in advance. They are also given a written final exam, project works, and oral presentations.

Criteri di valutazione
The overall exam mark will be determined by the assessment of the two modules (M1+M2) For M1: For attending and non-attending students: individual written midterm exam (40%) and final exam (50%) plus teamwork (10%). 100% individual written final exam in case of missed mid-term exam. For M2: (non mandatory) in-class presentation (up to 30%) + individual written final exam (70% for students who have made the presentation, 100% for the others). Students are expected both to be able to solve formal economic models, to interpret and discuss empirical evidence and to discuss their implications. The evaluation of group work will be based on student's ability to understand the material presented and to expose it clearly. The evaluation of the final exam will depend on students' ability to understand the covered material and to apply it to cases in a structured and formal environment (for exercises) and in an unstructured environment (for open questions).

Bibliografia obbligatoria

For M1:

Stephanie Schmitt-Grohé; Martín Uribe; Michael Woodford, 

“International  Macroeconomics”,      Princeton University Press, 2022

Stephen D. Williamson, “Macroeconomics”, Pearson, 2021

 

For M2:

Paul Belleflamme, Martin Peitz, “The Economics of

Platforms: concepts and strategies”, Cambridge University Press, 2021

Paul Belleflamme, Martin Peitz, “Industrial Organization: markets and strategies”, Cambridge University Press, 2018



Bibliografia facoltativa

Slides and handouts will be distributed on OLE and TEAMS. Additional literature will be indicated during the lectures.




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Obiettivi di sviluppo sostenibile
Questa attività didattica contribuisce al raggiungimento dei seguenti Obiettivi di Sviluppo sostenibile.

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Modules

Semestre 1 · 25444A · Corso di laurea magistrale in Accounting e Finanza · 6CFU · EN

Module A — Macroeconomia

In the module on Macroeconomics students start out to
get used to work with the balance of payments and the
current account. Current account deficits, sustainable
deficits and their implications are treated. Real exchange
rates and PPP are discussed, and differences to market
rate shown within data. A next focus is on exchange rate
regimes. Students will learn the effects of imbalances and
foreign exchange interventions on domestic monetary
policy. Nominal shocks, a fixed exchange rate and the
New Keynesian Open Economy explanation are covered.
Finally, the module offers a treatment of sovereign debt
management and the issue of sovereign debt default.
Specific topics are covered in teamwork

Docenti: Elisabeth Gsottbauer

Ore didattica frontale: 36
Ore di laboratorio: -

Argomenti dell'insegnamento
1) Trade balance and the current account, determinants of exchange rates, market rate vs. Real Exchange Rate and PPP 2) Flexible versus fixed exchange rates, implications of imbalances on domestic monetary policy under different exchange rate regimes. 3) Sovereign debt, global crises and sustainable global development 4) Macroeconomics of climate change.

Modalità di insegnamento
Frontal lectures, discussions and team projects with discussions.

Bibliografia obbligatoria

For M1:

Stephanie Schmitt-Grohé; Martín Uribe; Michael Woodford, “International  Macroeconomics”, Princeton University Press, 2022

Stephen D. Williamson, “Macroeconomics”, Pearson, 2021

 



Semestre 2 · 25444B · Corso di laurea magistrale in Accounting e Finanza · 6CFU · EN

Module B — Economa Industriale

The course of Industrial Economics familiarizes with some advanced aspects of incentives and strategies in competitive and oligopolistic markets. In particular, it covers the economics of platforms and network goods, with an eye on how the use of data and AI affects firms’ strategic incentives. It also discusses some relevant aspects related to industrial policy in the current technological and geopolitical context.

Docenti: Federico Boffa

Ore didattica frontale: 36
Ore di laboratorio: -

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