The main objective of the course, taking into account the placement in the first year, is to provide the terminological tools for their first approach to law and a basic legal knowledge aimed at understanding the relationship between institutions, law and economy. The approach will be systematic. However, the aim is to provide students with the methodology for the critical analysis of the principles and relations governing the institutions of economic law, public and private, at international, European and national level.

Knowledge and understanding: the student will have acquired basic knowledge of the subject and in particular the legal system of the economy; he will know what is the organization of the State; he will also have acquired knowledge of basic interpretation techniques. In itinere, this knowledge will be evaluated through an intermediate test or through interaction during the lessons. In particular, the student will have to: - Know the constitutional order of the market and the sources to understand the regulatory choices adopted by the Constituent. - To know the evolution of the history and the European legal and economic order. - To know the structure and composition of the Government, the Parliament and the role of the President of the Republic in order to understand the institutional set-up. - Knowing the constitutional ideas behind public finance and understanding the interrelationships between state - society – economy. Knowing the actors that underpin public intervention in the market and understanding the institutional choices underlying the link between supervision and the market. - To know the authoritative structure of the internal capital market and understand the function of banking, financial and insurance activities. - Knowing the dynamics of the market and understanding the function of competition rules. - Knowing the instruments and understanding the logic of the rules governing the functioning of the capital market. Ability to apply knowledge and understanding: - learning about the new challenges posed by technological innovation and sustainability (ESG) to the banking and financial market. The student will be able to apply the theoretical fundamentals to the interpretation of the legal framework of reference, improving their ability to interpret the legal phenomenon. In particular, the student will be able to analyze: - the relationships between the different sources; - the impact of constitutional principles on the market; - the process of construction of the European Union and the institutional aspects related to the management of public resources; - the effects of democratic institutions and the impact of supervision on the market and finance; - the impact of competition and the legal system on the dynamics of supply and demand for capital. Autonomy of judgment The student will have developed a critical awareness such as to allow the formulation of autonomous judgements on the identification of the applicable regulations in the subjects under study; he/she will also have developed a critical awareness such as to evaluate the individual regulations in reference to the fundamental principles, verifying their effectiveness. Communication skills The student will have developed the ability to communicate by adopting a rich vocabulary and a good synthesis technique. Learning ability: The student will be able to continue their studies, first, and start working, then, putting into practice the notions learned during the lessons. In particular, the student will have to acquire: - the ability to bring the individual norms back to the fundamental principles of reference - the ability to study the Italian legal system; -the ability to correlate the functions of independent institutions and authorities to the socio-economic reality; - the ability to comply with the supervisory rules governing the matter; - the ability to comply with the supervisory rules.

The course is divided into two parts. In the first part there will be an illustration of the constitutional principles and public law, with particular regard to those characterizing our country as well as those governing economic matters. In the second part there will be an in-depth examination of specific issues of public economic law in the national and EU context, with particular reference to those of more immediate relevance to current affairs (market and competition regulations, privatisation, control of public finance, independent administrations, the process of European integration and globalisation, control of the currency, technological innovation and sustainable development, the ECB and the top-level structure of the European financial system, banking disintermediation and financial markets.

Diritto pubblico dell’economia, curated by M. Pellegrini, Cedam, Padova, 2023 (with the exception of some chapters that will be indicated in class) LINKhttps://luiss.summon.serialssolutions.com/?#!/search?ho=t&l=it-IT&q=MIRELLA%20PELLEGRINI%2023. For more details on the the part relating to the Constitution, it is suggested: Compendio di diritto pubblico, curated by V. Lemma and M. Pellegrini, Giappichelli, 2023; or F. Politi, Diritto pubblico, Giappichelli, Torino, ult. ed. It is also reccomended a collection of the main normative texts on the subject of Public Law (known as codes).

The methods and tools supporting teaching activities are on-line and physical lectures, case study discussions and group project works (if any).

The exam will be oral. During the exam the student must demonstrate knowledge of the principal arguments put forward during the course. The student will be able to analyze independently and with a critical spirit the discipline and the institutes covered by the course, correctly using the legal vocabulary of the subject, demonstrating to have acquired the study method and to deepen independently the subject. The student must demonstrate reasoning skills, applying institutions to practical cases explained by the teacher. The evaluation of the exam will be based on the following criteria: 1.Mid term test carried out through a project work according to methods chosen by the teacher and communicated in good time. The intermediate test will cover the topics addressed up to a week before the mid term, it is not mandatory and the result obtained will be valid until the appeal in September. It will award a bonus point. 2. Final exam. The final exam will be oral and will be assessed as follows: or knowledge and understanding of the institutes and the principles of the subject and ability to apply to concrete cases (70%); or ability to use the technical-legal vocabulary, ability to consult and evaluate relevant sources and acquisition of the study method (30%). 3.Participation in class (1 bonus point): through these activities we intend to evaluate the ability to apply knowledge and autonomy of judgment. Students who will not take the intermediate test or who will obtain an insufficient grade in the intermediate test will be evaluated on the final oral test and on the other activities carried out during the course. The presence of training gaps in one or more institutions or principles will lead to an insufficient assessment even if there is a basic knowledge of the subject.

Motivational interview.