The course aims at analysing the rationale and the objectives of economic policy measures. The conceptual-theoretical framework refers to traditional factors, such as market failures and State failures, public goods, etc.., and the new trends, i.e. globalisation, sistemic disequilibria, the environmental social and governance challenges. The different sectors of public policy will be reviewed: from monetary and fiscal policy to regulation, welfare, labour markets and public finance. The subtitle of the course is: "Economic policies facing the polycrisis". The profound changes in the context and the approach of economic policy after the latest severe economic financial and pandemic crises. and now the war in Ukraine and the Middle East, require an in-depth review and adjustment of the conceptual and analytical framework.

Strenghtening the conceptual and analytical bases for participating at economic policy discassion and evalutation. Methods and tools for the design and the evaluation of policy measures.

Introduction: market failures, State failures and public goods; The theory of economic policy: from the neoclassical synthesis to supply side economics Rational expectations and temporal interdependencies; Fiscal and monetary policies; Inflation and deflation; Structural policies: institutional reforms; Economic policies in an open market economy; Public finance, public deficit and public debt; Exchange rate regimes; Regulation and competition; Labour market policies; Credit and finance; Welfare and education; Peace justice and international cooperation; Multilevel governance: federalism; Globalisation; Europe, regional policies. The ethical foundations of economic policy.

Agnes Benassy-Quéré, Benoit Coeurè, Pierre Jacquet, Jean Pisani-Ferry: Politica economica. Teoria e pratica, Il Mulino, 2019

Attendance and active participation are required. Lessons will feature the preparation of videos, interviews with external experts and the participation of experts. Simulations will be held in which the students will be asked to apply the theoretical knowledge acquired to practical cases of either domestic or international relevance. Entries can contain articles, videos, photos, interviews, drawings, data collection and bibliographic material. Finally we will conduct a Hackathon to stimulate student innovation teamwork and entrepreneurship.

A continuous assessment method of evaluation will be employed. Specifically, a written test will be scheduled in the middle part of the course, covering the topics of the programme dealt with to that point. Its outcome will constitute approx. the 40% of the final score. At the end of the course an oral exam will cover the remaining topics, or the total program, depending on whether the intermediate test has or has not been passed satisfactorily. Thus, the weight of the oral exam is 40% if the student will pass and/or accept the intermediate exam. The remaining approx. 20% is based on the assessment of the active participation of the student.

The topic of the final dissertation must be agreed with the teacher