20964 - ECONOMY AND SOCIETY - MODULE 1 (ECONOMIC PROSPECTS)
Department of Social and Political Sciences
Course taught in English
Go to class group/s: 5
Course Director:
ANTONELLA MORI
ANTONELLA MORI
Mission & Content Summary
MISSION
On completion of this course, students will have an understanding of the current state of the global economy and its effects on businesses. Students will learn analytical tools with which to interpret and draw insights from global events and their effects in local and global markets. The course aims to equip students with a deeper understanding of the many factors that play a role in shaping a country’s business environment, and the economic forces that drive and hinder growth globally.
CONTENT SUMMARY
· Globalization and de-globalization
· Countries’ competitiveness and resilience, international cooperation and competition
· Drivers and challenges of sustainable economic growth
· Inflation, exchange rate, financial crisis and firms’ profitability
· Firms’ competitiveness and the urban dimension
· Economy, environment, energy
Intended Learning Outcomes (ILO)
KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
- Understand the new geography of the world economy: trade flows and global value chains
- Explain recent policies adopted to strengthen the value chains of critical goods
- Comprehend the rationale and effects of international trade
- Explain industrial policy definitions and tools
- Recognize the drivers of sustainable economic growth: capital accumulation, demography, innovation, and productivity
- Illustrate how inflation and exchange rate dynamics affect firms
- Elaborate on the genesis of banking, currency, and sovereign debt crises
- Recognize the urban dimension of global competition and the direct support offered to enterprises
- Comprehend the importance of the environment and energy in the functioning of the economic system
APPLYING KNOWLEDGE AND UNDERSTANDING
At the end of the course student will be able to...
- Assess if the world economy is de-globalizing
- Investigate the complex effects of tariffs
- Analyze the impact of industrial policy on competitiveness and sustainability
- Identify the 'right' country for an FDI
- Evaluate the purchasing power parity and the long-run dynamics of real exchange rates
- Elaborate on how financial instability undermines the normal conditions for firms to operate
- Assess firms’ locational choices
- Evaluate the impact of energy-environmental policies on the production system
Teaching methods
- Lectures
- Practical Exercises
DETAILS
The learning experience in this course includes, in addition to lectures, class discussions of cases from the real world and short exercises to apply and understand the economic models covered in the course.
Assessment methods
| Continuous assessment | Partial exams | General exam | |
|---|---|---|---|
|
x |
ATTENDING AND NOT ATTENDING STUDENTS
Exams are written and aim at testing the understanding of topics and problems in the syllabus. It includes both multiple-choice and open-ended questions.
Teaching materials
ATTENDING AND NOT ATTENDING STUDENTS
Teaching materials will be communicated at the beginning of the course.
Last change 05/07/2024 14:42