The course aims at providing a general introduction to economics and basic elements for the analysis of territorial and regional economic phenomena.
By the end of the course, students will have achieved competences that will allow them to understand and interpret the economic dynamics at local level.
The course provides a good knowledge of the localization theory of productive activities, of the analysis models of regional economics and development policies with a special focus on local development.
AIMS AND LEARNING OUTCOMES
In particular, the course at providing knowledge on a series of topics including: that will allow the students to understand the general micro- and macro-economic context, as well as different economic phenomena such as local development, unbalances in regional development, and globalization:
- Microeconomics: consumption, production, market organization;
- Macroeconomics: the aggregate demand and supply; general equilibrium;
- Economics in the geographical space;
- the city as an economic space;
- Regional economic policies.
At the end of the course, the students should be able to understand the general micro- and macro-economic context, as well as different economic phenomena such as local development, unbalances in regional development, and globalization:
6-credit Couse (fully carried out by Enrico Musso):
INTRODUCTION TO ECONOMICS - The economic system – microeconomics and key actors: individuals (families) and companies, demand and supply of goods and factors – macroeconomics: production, GDP, income, expenditures - circular income flow – consumption, savings and investment- currency and interest rate - the role of the State: taxes and public expenditures – the big "open questions" and economic policy.
REGIONAL ECONOMICS - Economics in the geographical space: territorial systems in the global economy – economic regions, productive specialization, localization factors – localization and local development theories and models – industrial districts (introduction) – globalization and growth unbalances.
THE CITY AS AN ECONOMIC SPACE: - The economics of territorial concentration - City formation and value of the urban space theories – urban cycle, technological revolutions, city localization drivers – innovation, city networks, city and productive localization (introduction).
TERRITORIAL ECONOMIC POLICIES (SOME HINTS) - Regional and urban development, benefits and costs – political goals and instruments of the territorial planning policy.
The first 6 credits will follow the structure explained above and carried out by Enrico Musso. The remaining 3 credits will be taught by Cécile Sillig, and they include in depth studies on:
GLOBALIZATION AND FIRMS INTERNATIONALISATION: evolution of the international division of labour, globalisation process, development of multinationals, foreign direct investment (FDI)
LOCAL DEVELOPMENT: basic concepts, exogenous development, endogenous development
WORLD CITIES: growth of world cities, the role of Advanced Producer Services, the World Cities network
MARKET AREAS: Hotelling and Palander models
The references for the part of Introduction to Economics will be given at the beginning of the course. For the part of regional economics:
6-Credit Course: Flavio Boscacci (2011), Economia del territorio, Pitagora Editrice, Bologna, Chapters 1-7
- Like above for the first 6 credits
- For the remaining 3 credits: for those who DO NOT attend the lectures: the remaining chapters of the book; for those who attend the lecture: indications will be provided by the professor in class.
Office hours: Every Wednesday 11:00-12:30 at CIELI (building of the dept of Economics, Via Francesco Vivaldi 5, 2nd floor, in front of the elevator), tel. +39 010 2095462, or on TEAM "Enrico Musso ricevimento studenti" through accesso code v5kw68y. In all other days/hour students can be received on appointment: please address to firstname.lastname@example.org
ENRICO MUSSO (President)
CECILE NERINA SILLIG (President Substitute)
MARIA INES CUSANO (Substitute)
ALESSIO TEI (Substitute)
The course will take place in the second semester, and will therefore start in February 2021, according to the general timetable.
Mandatory written examination
Organization of the exam:
- Mandatory written exam for all students
- Optional oral examination after passing the written exam
The inscription to the exam through the University website (www.unige.it) is mandatory.
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