000023 - ECONOMY AND POLICIES OF THE EUROPEAN UNION

EDUCATIONAL TARGETS The course aims to provide students with the advanced knowledge and tools for an in-depth understanding of the economic and structural intervention policies, and the general functioning of the European Union and its main institutions. Students learn what it means for a country to be part of a union and how policy interventions need to be adapted to this situation. EXPECTED LEARNING OUTCOMES KNOWLEDGE AND UNDERSTANDING At the end of the course, students understand the current economic policy strategies and can analytically evaluate the interventions with particular reference to the context of the European Union, their impact on the economy and on the functioning of social and economic institutions. Students have the tools to understand how strategic policies are developed and how individual countries and their citizens interact with them. Students understand the current strategies implemented by central banks and individual countries, members of the European Union, as well as they can develop forecasts on possible risks from the interrelation of the same countries, and they can plan appropriate interventions in the areas of economic policy. In general, students understand the functioning of complex economic aggregates that imply at the same time independence, bonds, and interdependence between member countries. Students learn about the functioning of the ECB and the role of the Euro currency in the financial markets. APPLYING KNOWLEDGE AND UNDERSTANDING Students are able to rigorously analyze and understand in-depth the macroeconomic aspects linked to the European policy actions. In particular, students are able to carry out theoretical analysis and suggest the correct policy interventions on the European Union, on the functioning of money and financial markets with particular reference to monetary unions. In synthesis, students are able to plan policy actions involving aggregates of countries. In particular, students are able to formulate specific regulatory and policy scenarios on the Eurozone, as well as project specific interventions. AUTONOMY OF JUDGMENT In addition to the application of the principles of economic policy intervention, students can select and evaluate policy strategies, such as those useful for reducing uncertainty and risks related to the stability of unions of countries. Students can select information and data to provide a judgment on European policies and community programs. COMMUNICATION SKILLS At the end of the course, students can use specific economic language adequately, they can rigorously discuss the relationships underlying the models studied and the different articulations of European economic and monetary policies, as well as the role of the institutions of the European Union. LEARNING ABILITY Students are able to consult adequate sources to deepen the macroeconomic topics studied. Students know the information channels useful for keeping their knowledge of EU economic policy up to date.