00093R - ADVANCED ECONOMIC POLICY.

The Advanced Economic Policy course critically examines the challenges that public decision-makers face in increasingly complex and interconnected global economic environments. Starting with an in-depth exploration of the main fiscal and monetary policy tools in open economies, the course investigates the limits and potential of public intervention in the context of high mobility of capital, goods, and people. Particular attention is given to advanced theoretical models that describe the interaction between national economic policies and phenomena of international interdependence, with specific reference to macroeconomic stabilization mechanisms, exchange rate regimes, and the effects of fiscal policies in globalized settings.
The course also addresses issues related to the international coordination of economic policies and the role of multilateral institutions such as the International Monetary Fund, the World Bank, the World Trade Organization, and the European Union, highlighting both their successes and their limitations in responding to global economic crises. Considerable focus is placed on the study of international trade and financial policies, the dynamics of globalization, and the emerging trends of deglobalization and protectionism, as well as the geopolitical tensions that influence policy decisions at both national and supranational levels.
An additional area of focus concerns policies for sustainability and the management of global common goods, such as climate, biodiversity, and water resources. In this context, innovative instruments such as nature credits and carbon taxes will be analyzed, along with green industrial policies necessary to achieve climate neutrality. Students will be encouraged to develop a critical approach to the new challenges of global economic governance, exploring topics such as the reform of European fiscal rules, central bank independence, global inequalities, and the economic impacts of ecological and digital transitions.
The learning pathway also includes the analysis and discussion of case studies drawn from current international economic issues and the examination of scientific articles and reports from institutions such as the OECD, IMF, and European Commission. These activities will promote the development of advanced critical analysis skills and the ability to propose innovative solutions to complex economic problems, fostering interdisciplinary dialogue on frontier topics in economic policy.