Foreign students undergraduate courses

6 AND 9 ECTS

1. 
   Part one
   

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  Market failures according to the neoclassical theory, micro and macro interventions: monopoly, public goods, externalities, imperfections and absence of markets, growth and public economics, cyclic fluctuations and money.
  
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  Keynes and the methods against mass unemployment: the relative role of fiscal and monetary policy.
  
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  Neo Keynesian and policies of income stabilisation: effects of fiscal policy, both in open and closed economy.
  
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  The theory of economic policy: objectives and instruments, decentralizations of the decisions, choices in conditions of uncertainty (Poole)
  
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  Monetarism and the inopportunity of stabilisation policies: discussions about crowding out.
  
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  The new classic macroeconomics and the inefficacy of stabilisation policies: rational expectations and the role of economic policy, effects of announced and unannounced policies, Lucas’ critic, temporal incoherency, rules against discretion in the economic policy, persistence of shocks, disinflation without costs, the role of credibility in macroeconomic policies; individual ultra-rationality and Ricardian equivalence; fiscal policy and inflation.
  
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  The new Keynesian macroeconomics: prices and wages inertia and desirability of stabilisation policies; supply shock and policy options; costs of disinflation, asymmetric information, rationing of the credit and transmission of the monetary policy.
  
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  Some marginal positions: disequilibrium theory, the supply-side economics, financial orthodoxy, the new school of Cambridge.
  
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- The process of growth of the Italian economy during the second post-world war and its features.

- Evolution of short-run and the prospective of cyclical analysis; the economic police in a structural and cyclical context; possible limits to the growth process of the Italian economy.

- The balance of payments as a possible constraint to the growth: the role of the current account and movements of capitals, conditions of sustainability and financial instability related to situations of high and continuous current deficit, the general Thirlwall model, currency liberalisation, interest rates and movements of capital.

- The evolution of the Italian public finance: real and monetary effects of public deficit, conditions of sustainability and financial instability related to high public deficits and growing debts; the dynamic of public debt and its determinant factors; extraordinary measures of reductions of the public debt; strategies of control of the deficit and of the public debt, the role of privatisation, the Maastricht treaty, the Stability Pact and the European Monetary Union

- The dynamic of inflation in Italy; imported inflation; structural inflation: the so called “zoccolo duro”, ex-post and ex-ante indexing and inflation; level of cover of wages and dynamic of real wages; the debate about “scala mobile”.

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  Evolution of the labour market: employed, unemployed and unemployment rate; equilibrium of the market labour in perfect and imperfect concurrency; growth of product, productivity and employment; regulation of the labour market and unemployment: “Euro-sclerosis”.
  
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3. 
   Part three
   

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  The European Central Bank and the monetary policy in the European Monetary Union: aims and its justifications; the differences with the action of the Fed;
  
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  Operative strategies of the central banks: the monetary targeting, the inflation targeting and mixed strategies.
  
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  Monetary policy in the IS-LM scheme and in the real economy: money supply and monetary base.
  
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  The control of money supply and financial intermediation (brokerage?); relationships among monetary base, credit and bank deposits;
  
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  Effects of typical monetary policies: operations in open markets, official bank rate. Similarities and differences in certain and uncertain conditions.
  

G. MANKIW, Macroeconomics, V Edition, Worth Publishers, New York, 2003 (chs. 7-8)

B) F. COTULA, La politica monetaria in Italia, Il Mulino, Bologna, 1989 (vol. II, par. 4.1, 4.2, 11.1); EUROPEAN CENTRAL BANK, The stability-oriented monetary policy strategy of the Eurosystem, Monthly Bullettin, January 1999, pp. 39-50; The outcome of the ECB’s evaluation of its monetary policy strategy, Monthly Bullettin, June 2003, pp. 79-92.

C) C. BIANCHI, On line lecture notes.

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  Growth theory (neoclassical and Keynesian)
  
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  The possible constraints to economic growth, with particular reference to the role of the balance of payments and of the foreign exchange market.
  
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  The evolution and problems of public finances in Italy (with particular reference to the Maastricht Treaty and to the Growth and Stability Pact requirements)
  
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  The behaviour and determinants of inflation, in a short run and in a medium run (structural) perspective.
  
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  Unemployment dynamics and the debate about the appropriate measures to reduce the unemployment rate.
  
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  Objectives and strategies of the European Central Bank;
  
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  Effects and transmission mechanisms of the most common monetary policy decisions.
  

B) C. BIANCHI, L’economia italiana e i problemi della politica economica, II Edizione, Guerini Studio, Milano, 1998; G. MANKIW, Macroeconomia, IV edizione, Zanichelli, Bologna, 2004 (capitoli 7 e 8).

C) F. COTULA, La politica monetaria in Italia, Il Mulino, Bologna, 1989 (vol. II, par. 4.1, 4.2, 11.1); BANCA CENTRALE EUROPEA, La strategia di politica monetaria dell’Eurosistema, orientata alla stabilità, Bollettino mensile, gennaio 1999, pp. 39-49; I risultati della valutazione svolta dalla BCE sulla sua strategia di politica monetaria, Bollettino mensile, giugno 2003, pp. 85-99.

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  Random variables and their transformations
  

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  Random vectora and their transformations
  

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  Simulation of random variables
  

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  Point estimation: maximum likelihood method and construction of unbiased estimators with uniformly minimum variance
  

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  Hypothesis testing: determination of most powerful and uniformly most powerful tests
  

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  Basics on time series analysis: identification of seasonal ARIMA models and prediction
  

Undergraduate

Second

Second

Variable cost and fixed cost. Direct and indirect costs

Traditional techniques of cost accounting.

The activity based costing

Management control typologies and systems

Distinctive purposes of accounting for planning and control

Cost centers, profit centers and investment centers.

Transfer pricing

Budgeting process in different kind of companies: indistrial transformation companies, services companies, job production companies and non profit organizations

Definition of budget. Advantages of budgets. Illustration of preparation of the master budget.

Reporting process and variance analysis

Horngren-Sundem-Stratton (2007), Programmazione e controllo, edizione italiana a cura di Agliati-Ditillo, Pearson-Prentice Hall (in alternativa al Brusa).

Horngren-Sundem-Stratton (2007), Esercizi, problemi e casi. Programmazione e controllo, edizione italiana a cura di Agliati-Ditillo, Pearson-Prentice Hall.

Ulteriori indicazioni bibliografiche verranno fornite nel corso delle lezioni.

Further indications will be supplied during the course

Graduate

Second

Second

The course is divided in two parts:

In the first part once the main functions of the public sector are defined, according to the traditional Musgravian distinction, the causes of market failure are analyzed: in particular, the existence of public goods, externalities, monopoly and natural monopoly, asymmetric information. Then, the tax theory is considered in depth, including the main types of taxes, the ensuing economic effects and the distorsions created by the tax system. Finally, some insights are provided in the theory of fiscal federalism and the sustainability of public debt.

In the second part of the course three different topics are addressed. First, the structure of welfare expenditures, including health, pensions and education. Secondly, the evolution of fiscal federal reform in Italy is analyzed and, finally, the European constraints on the management of fiscal policy within the Monetary Union.

The aim of the course is to provide the instruments needed to understand the causes of market failures and the structure of the policy measures targeted to increase the efficiency of the market

Bosi P., Corso di Scienza delle Finanze, Il Mulino, Bologna, 2003

Written examination

6 ECTS

Design and development of Information System.

EDI.

Data

Squential file.

File direct.

Indexed sequential file.

Database.

Information System.

Hardware and software.

Central Processing Unit.

Central Storage.

Peripheral storages.

Terminals.

Real time.

Communication System.

Networking.

Transmission protocols.

Internet, Intranet ed Extranet.

Data processing.

Software development.

Flow chart.

Programmino languages.

C language.

Database

RElations.

Query.

Report.

Information System management.

Multitasking.

Operatine Systems.

Security.

Availability.

Serviceability.

Cryptography.

External Infromation Systams.

Internet.

E-business.

E-banking.

E-government.

E-commerce.

Portals

Call Centers.

To analyse software development and database design.

Development of databases with MS Access.

Lectures of flow chart techiques and C language