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Discipline ID
c25cc98e-a6d8-4735-9671-bdf8e98af8d9

COURSE DETAIL

POLITICAL ECONOMICS
Country
Italy
Host Institution
University of Commerce Luigi Bocconi
Program(s)
Bocconi University
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Political Science Economics
UCEAP Course Number
139
UCEAP Course Suffix
UCEAP Official Title
POLITICAL ECONOMICS
UCEAP Transcript Title
POLITICAL ECONOMICS
UCEAP Quarter Units
6.00
UCEAP Semester Units
4.00
Course Description

Economic policies differ widely across countries and – within the same country – even over time. Among OECD countries, government expenditure ranges from less than 40% in the US to almost 60% in Finland. What explains these large differences? The many tools provided by economic theory generally fail to offer a complete and satisfactory answer to this question. The course mission is to analyze the determinants of economic policy in modern democracies and to show how these policies may differ according to the different political institutions in place. The course consists of four parts. The first part of the course discusses the tools of political economics. The second part of the course compares the welfare states across industrialized countries, with special emphasis on the pension systems and the labor market, and discusses the political feasibility of structural reforms. It also addresses the differences in economic policies that may arise from the political institutions, with particular emphasis on the analysis of the electoral rule and of the regime type. The third part analyzes dynamic policies – public debt, economic growth – in a political economy framework to understand how political incentives shape current and future policies. The last part addresses the debate between the role of culture and institutions in shaping economic growth. To feel comfortable in this course, students should be familiar with the optimization techniques learned in math and microeconomic courses.

Language(s) of Instruction
English
Host Institution Course Number
30335
Host Institution Course Title
POLITICAL ECONOMICS
Host Institution Campus
Bocconi University
Host Institution Faculty
Host Institution Degree
Host Institution Department
Economics

COURSE DETAIL

BASIC MACROECONOMICS
Country
Japan
Host Institution
Waseda University
Program(s)
Waseda University
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Economics
UCEAP Course Number
100
UCEAP Course Suffix
UCEAP Official Title
BASIC MACROECONOMICS
UCEAP Transcript Title
BASIC MACROECON
UCEAP Quarter Units
3.00
UCEAP Semester Units
2.00
Course Description

This course introduces students to: (I) the measurement and structure of the national economy; (II) basic macroeconomic concepts (e.g., productivity, output & employment, consumption, saving & investment, long-run economic growth, and business cycles), and (III) a basic framework for macroeconomic analysis.

Language(s) of Instruction
English
Host Institution Course Number
ECNT411L
Host Institution Course Title
BASIC MACROECONOMICS
Host Institution Campus
Host Institution Faculty
School of Political Science and Economics
Host Institution Degree
Host Institution Department

COURSE DETAIL

INTERNATIONAL MONETARY ECONOMICS
Country
Italy
Host Institution
University of Commerce Luigi Bocconi
Program(s)
Bocconi University
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Economics
UCEAP Course Number
123
UCEAP Course Suffix
UCEAP Official Title
INTERNATIONAL MONETARY ECONOMICS
UCEAP Transcript Title
INTL&MONETARY ECON
UCEAP Quarter Units
6.00
UCEAP Semester Units
4.00
Course Description

The course builds on the concepts of macroeconomics in an open economy to discuss the determinants of exchange rates and the consequences of exchange rate policies for output and prices in the short and long run. A brief history of the international monetary system also explains the establishment of the single European currency. Basic elements of European central banking are discussed and specific issues are dealt in more depth, mainly relating to recent monetary developments including the global financial crisis. The content of the course includes the following: the balance of payments and the foreign exchange market; a simple theory of exchange rate determination, in the short and in the long run; fixed exchange rates and foreign exchange intervention; monetary and fiscal policies with different exchange rate regimes; from Bretton Woods to the Euro: theory and experience of optimal currency areas; monetary institutions and strategies in the Euro area; the international financial crisis: monetary policies and financial stability; the coming future of the international monetary system: the dollar problem, the role of the euro, and the emerging importance of China's money and finance.

Language(s) of Instruction
English
Host Institution Course Number
30054
Host Institution Course Title
INTERNATIONAL MONETARY ECONOMICS
Host Institution Campus
Bocconi University
Host Institution Faculty
Host Institution Degree
Host Institution Department
Economics

COURSE DETAIL

MONEY AND BANKING
Country
China
Host Institution
Fudan University
Program(s)
Fudan University
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Economics
UCEAP Course Number
157
UCEAP Course Suffix
UCEAP Official Title
MONEY AND BANKING
UCEAP Transcript Title
MONEY AND BANKING
UCEAP Quarter Units
6.00
UCEAP Semester Units
4.00
Course Description

At the end of class, students are expected to have

1) solid foundation in economic theory

2) mathematical and quantitative skills to the analysis of the different tasks of central banking.

The course will emphasize

1) Ability to apply economic concepts to explain real-world phenomena;

2) Understanding of institutions and policies;

 

The monetary policy decisions of central banks around the world are seen as crucial in global financial markets. In major economies, such as the US, Japan, the EU, and others, central banks focus on setting short-term interest rates. Their decisions to adjust interest rates have enormous and closely watched impacts on stock markets, bond markets, and banking markets. The first part of this course will focus on understanding how central banks use their powers, the macroeconomic theory that underlies the decision making of central banks and their effect on the economy and financial markets.

 

Though standard economic theory may imagine financial markets as operating according to rules of competitive supply and demand, in fact, distinct financial intermediaries such as banks are essential for the smooth operation of markets. In the second half of the class, we will focus on the economics and institutions of banking. ​​​​​​​

Language(s) of Instruction
English
Host Institution Course Number
ECON130256
Host Institution Course Title
MONEY AND BANKING
Host Institution Campus
Host Institution Faculty
Shi QIU
Host Institution Degree
Host Institution Department
School of Economics

COURSE DETAIL

ECONOMICS AND POLITICS OF THE EUROPEAN UNION
Country
Italy
Host Institution
University of Commerce Luigi Bocconi
Program(s)
Bocconi University
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Political Science Economics
UCEAP Course Number
119
UCEAP Course Suffix
UCEAP Official Title
ECONOMICS AND POLITICS OF THE EUROPEAN UNION
UCEAP Transcript Title
ECON&POLITICS OF EU
UCEAP Quarter Units
6.00
UCEAP Semester Units
4.00
Course Description

The course aims at analyzing the process of economic and political integration of European countries, through a theoretical, policy, and political perspective. European politics occurs in national capitals and in Brussels. Traditionally much of the disciplinary focus has either been on the European Union and integration or the national politics in the Member States. Increasingly, this failure to adequately explore how both levels of government interact reflects neither the state of European politics nor the cutting edge of research. The politics part of this course introduces students to a basic toolkit used by researchers of advanced democracies and international interdependence (including spatial models, veto players, two-level games etc.) to understand both domestic and EU-level politics in Europe in conjunction. The economics part of the course starts with a general overview of EU integration from the 1950s until today. It then moves to discussing the EU budget, with its sources of revenues and areas of expenditure. The main features of the Next Generation EU strategy are also extensively covered. This lays the foundations for studying the main policies currently undertaken by the European Union: competition, agriculture, cohesion, and international trade. The connection between economic and political dynamics is addressed, with specific attention to the link between globalization, Brexit, and the success of nationalist forces in Europe. A substantial part of the course is devoted to the Economic and Monetary Union: origins, architecture, and evolution over the Great Financial Crisis and the Covid-19 pandemic.

Language(s) of Instruction
English
Host Institution Course Number
30564
Host Institution Course Title
ECONOMICS AND POLITICS OF THE EUROPEAN UNION
Host Institution Campus
Bocconi University
Host Institution Faculty
Host Institution Degree
Host Institution Department
Social and Political Sciences

COURSE DETAIL

PUBLIC ECONOMICS
Country
Japan
Host Institution
Hitotsubashi University
Program(s)
Hitotsubashi University
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Economics
UCEAP Course Number
138
UCEAP Course Suffix
B
UCEAP Official Title
PUBLIC ECONOMICS
UCEAP Transcript Title
PUBLIC ECONOMICS
UCEAP Quarter Units
3.00
UCEAP Semester Units
2.00
Course Description

Subsequent to Public Economics I, Public Economics II continues to analyze market failure and the function of the government, specifically what the government should do in a market economy. This course covers the basic principle of public economics, especially the role of the government and the rationale for the policy, in a framework of applied microeconomics. The course teaches the standard approach of public economics, which is the foundation of economic analysis in any policy issue. 

 

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Language(s) of Instruction
English
Host Institution Course Number
Host Institution Course Title
PUBLIC ECONOMICS
Host Institution Campus
Hitotsubashi University
Host Institution Faculty
Host Institution Degree
Host Institution Department
Global Education Program

COURSE DETAIL

DIFFERENTIATION IN THE EU AND THE EXAMPLE OF THE ECONOMIC AND MONETARY UNION
Country
France
Host Institution
Institut d'Etudes Politiques (Sciences Po)
Program(s)
Sciences Po Paris
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Legal Studies Economics
UCEAP Course Number
163
UCEAP Course Suffix
UCEAP Official Title
DIFFERENTIATION IN THE EU AND THE EXAMPLE OF THE ECONOMIC AND MONETARY UNION
UCEAP Transcript Title
DIFFERENTIATION/EU
UCEAP Quarter Units
4.50
UCEAP Semester Units
3.00
Course Description

This course introduces the issue of differentiation within the European Union. The first part of the course examines the various forms that differentiation takes within the European Union as well as outside of it. The second part of the course focuses on the Economic and Monetary Union as the most advanced examples of differentiated integration. It considers its various components and includes debates on ongoing reform discussions and open legal debates including the innovative NextGenerationEU program deployed in response to the COVID-19 pandemic.

Language(s) of Instruction
English
Host Institution Course Number
DDRO 25A61
Host Institution Course Title
DIFFERENTIATION IN THE EU AND THE EXAMPLE OF THE ECONOMIC AND MONETARY UNION
Host Institution Campus
Host Institution Faculty
Host Institution Degree
Seminar
Host Institution Department
Law

COURSE DETAIL

ECONOMICS OF ORGANIZATIONS
Country
France
Host Institution
University of Bordeaux
Program(s)
University of Bordeaux
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Economics Business Administration
UCEAP Course Number
108
UCEAP Course Suffix
UCEAP Official Title
ECONOMICS OF ORGANIZATIONS
UCEAP Transcript Title
ECON OF ORGANIZATNS
UCEAP Quarter Units
4.50
UCEAP Semester Units
3.00
Course Description

This course covers economic strategy and management in a business context. It also addresses theory of economics in the perspective of business management.

Language(s) of Instruction
French
Host Institution Course Number
Host Institution Course Title
ECONOMICS OF ORGANIZATIONS
Host Institution Campus
BORDEAUX UNIVERSITY
Host Institution Faculty
Host Institution Degree
Host Institution Department
ECONOMIE

COURSE DETAIL

INDUSTRIAL ORGANIZATION
Country
Singapore
Host Institution
National University of Singapore
Program(s)
National University of Singapore
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Economics
UCEAP Course Number
130
UCEAP Course Suffix
A
UCEAP Official Title
INDUSTRIAL ORGANIZATION
UCEAP Transcript Title
INDUSTRIAL ORG
UCEAP Quarter Units
6.00
UCEAP Semester Units
4.00
Course Description

This course considers the behavior of firms in a market economy. It has two parts. The first part on basic theory considers how firms behave under different market structures. The second part is policy oriented. It applies tools from the basic theory part to everyday problems and scenarios and tries to assess market efficiency and effects of possible intervention by the government or regulatory agencies. The two parts proceed simultaneously. Applying knowledge obtained in the class, students solve optimization problems and critically discuss real-life problems or scenarios.

Language(s) of Instruction
English
Host Institution Course Number
EC3322
Host Institution Course Title
INDUSTRIAL ORGANIZATION
Host Institution Campus
Host Institution Faculty
Host Institution Degree
Host Institution Department
Economics

COURSE DETAIL

PRINCIPLES OF INTERNATIONAL FINANCE
Country
Italy
Host Institution
University of Commerce Luigi Bocconi
Program(s)
Bocconi University
UCEAP Course Level
Upper Division
UCEAP Subject Area(s)
Economics Business Administration
UCEAP Course Number
152
UCEAP Course Suffix
UCEAP Official Title
PRINCIPLES OF INTERNATIONAL FINANCE
UCEAP Transcript Title
PRNCPL INTL FINANCE
UCEAP Quarter Units
6.00
UCEAP Semester Units
4.00
Course Description

This course explores the complexities of multinational financial management, ranging from the management of foreign currency exposures (to determine a subsidiary’s capital structure or to value an investment in a risky country) to the managerial and environmental considerations that make multinational financial decision-making so challenging. Financial decision making in the multinational setting requires a sound understanding of: 1) the extension of traditional finance considerations to a more complex global setting (i.e. Exchange Rate Effects, Global CAPM); 2) how institutional constraints can create obstacles and opportunities for multinational firms (i.e. Opportunities created by different markets); 3) the managerial objectives that can often limit the relevance of traditional financial objectives or institutional opportunities. The framework developed in the course suggests how to balance these three relevant factors: complex financial incentives have to be integrated with institutional obstacles and opportunities and aligned with managerial objectives. The goal then offers both a clear framework and a set of operative tools to understand the relationship between multinational firms and international financial markets. The whole structure of the course is applied, involves several real-world cases that are discussed in class, and is oriented to develop capabilities to understand and use international finance methodologies and practices used around the world. The course requires students to have familiarity with basic topics of corporate finance and a basic knowledge of concepts like risk, return, capital structure, and the CAPM as a prerequisite.

Language(s) of Instruction
English
Host Institution Course Number
30151
Host Institution Course Title
PRINCIPLES OF INTERNATIONAL FINANCE
Host Institution Campus
Bocconi University
Host Institution Faculty
Host Institution Degree
Host Institution Department
Finance
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