No prerequisite skills are required.

Upon completion of the course, students will have developed a comprehensive understanding of the fundamental databases and models for analyzing the impact of policy measures, the modes of government intervention in the economy, and the implications of different economic policy instruments. Additionally, students will have acquired the specific vocabulary necessary to engage with the prevailing economic issues. Students will be equipped with the capacity to independently assess the national and international macroeconomic and geopolitical environment, formulating informed judgments regarding contemporary socioeconomic challenges and potential remedies.

The objective of the course is to provide students with a foundation in the essential quantitative and qualitative instruments employed in the evaluation of fiscal policies. These instruments allow for the examination of the mechanisms through which policies propagate within the economic system, as well as their aggregate and disaggregate – direct, indirect, and induced – effects on macroeconomic variables.

(A) Miller R. E., Blair P. D.; Input-Output Analysis: Foundations and Extensions; Cambridge University Press; 2022; Pages/Chapters: to be specified during the course; ISBN online 9781108676212;

(A) Stock J. H., Watson M. W.; Introduction to Econometrics, Global Edition; Pearson; 2019; Pages/Chapters: to be specified during the course; eBook ISBN 13: 978-1-292-26452-3;

(A) Angrist, J. D., Pischke, J. S.; Mostly harmless econometrics: An empiricist's companion; Princeton university press; 2009; Pages/Chapters: to be specified during the course; ISBN 9780691120355;

(C) Smets, F. & Wouters, R. (2007). Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach. American Economic Review, 97(3): 586–606. DOI: 10.1257/aer.97.3.586

(C) Shoven, J. B., & Whalley, J. (1984). Applied General-Equilibrium Models of Taxation and International Trade: An Introduction and Survey. Journal of Economic Literature, 22(3), 1007–1051.

(C) Taylor L.; Socially Relevant Policy Analysis: Structuralist Computable General Equilibrium Models for the Developing world; The MIT Press; 1990.

Lectures may include scheduled student interventions on in-depth topics (e.g., presentations of impact analysis applications from published journal articles).

• Lectures are in-person and interactive. They introduce theoretical content, analyze case studies, and encourage students to participate by discussing practical examples and solving simple models.

  Frontal lectures are supported by PowerPoint presentations.

• The assessment test is written. During the examination, students are required to answer two theoretical questions in a limited number of lines, in addition to performing an exercise. Students will be evaluated on the completeness and clarity of their answers, their command of the technical language, and the capacity to interpret the outcomes of the exercise.

  The language of the exam is English. Scores will be expressed in thirtieths.

None

English