ECONOMIC SCENARIOS FOR MANAGERS
Learning outcomes of the course unit
1. Knowledge: This course will allow students to make practical application of the principles of micro and macroeconomics that they have learned during their ‘Laurea Triennale’ (three-year degree); the goal is to better understand the mechanisms of economic growth – with a particular emphasis on the role of manufacturing – as described in the media.
2. Judgment: Students will improve their capacity to read and understand the contents of media articles - with special emphasis on the analysis of “new” industrial policies -, thereby learning how to independently evaluate the effects of public policies towards industries and firms.
3. Communication skills: This course encourages the communication skills of students, structuring talks on European topics (“EuroScenari”) in the following ways: (i) informal and collective discussion of media articles taken from the internet; or (ii) a paper presentation; the organization of both (i) and (ii) will be explained in class at the beginning of the course.
[Pre-requisites] Basic tools of Microeconomics and Macroeconomics.
Course contents summary
[Topics]: The first part of this course will present the main trends, tools, and indicators of the economic cycle, and gives a thorough analysis of the effects of the economic crises (e.g., the Big crash of 2007-2008, and COVID-19) The second part of the course will then examine the “manufacturing renaissance” taking place in all of the major Western advanced countries (the US and the EU first and foremost), and the effects of the “new” industrial policy on markets and firms.
Students will have access to Course Syllabus before classes begin, and there will be a section dealing with the economic impact of COVID-19
[Textbook and papers]
Students will have access to the required readings before classes begin.
The course will be taught following three main teaching tools:
1. Standard lectures
2. Guest speakers
3. (optional) “EuroScenari” (see above: Communication skills)
Assessment methods and criteria
[Evaluation method] Written exam.
Final exam: up to 20 pts for knowledge; up to 10 pts for judgement; up to 3 pts for communication skills.