First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
ENTREPRENEURSHIP AND INNOVATION
Course unit
ECONOMICS FOR MANAGEMENT
EPP6077098, A.A. 2018/19

Information concerning the students who enrolled in A.Y. 2018/19

Information on the course unit
Degree course Second cycle degree in
ENTREPRENEURSHIP AND INNOVATION
EP2372, Degree course structure A.Y. 2017/18, A.Y. 2018/19
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Number of ECTS credits allocated 12.0
Type of assessment Mark
Course unit English denomination ECONOMICS FOR MANAGEMENT
Website of the academic structure http://www.economia.unipd.it
Department of reference Department of Economics and Management
Mandatory attendance No
Language of instruction English
Branch PADOVA
Single Course unit The Course unit CANNOT be attended under the option Single Course unit attendance
Optional Course unit The Course unit can be chosen as Optional Course unit

Lecturers
Teacher in charge DONATA FAVARO SECS-P/02
Other lecturers MARTINA CELIDONI SECS-P/03

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Educational activities in elective or integrative disciplines SECS-P/01 Political Economy 12.0

Course unit organization
Period Second semester
Year 1st Year
Teaching method frontal

Type of hours Credits Teaching
hours
Hours of
Individual study
Shifts
Lecture 12.0 84 216.0 No turn

Calendar
Start of activities 25/02/2019
End of activities 14/06/2019

Syllabus
Prerequisites: Students should have a good knowledge of undergraduate microeconomics and macroeconomnics. Basic knowledge of mathematical analysis, statistics and econometrics is also required.
Target skills and knowledge: The course aims to provide an advanced theoretical knowledge for the interpretation of strategic behaviours of agents under uncertain conditions (Module Microeconomics) and the comprehension of international markets (Module Macroeconomics).
The main goal of the course is to develop the following skills and abilities:

Module MICROECONOMICS
- knowledge of game theoretical concepts in presence of complete and incomplete information;
- ability to find and describe autonomously the equilibrium of a game;
- ability to apply game theoretical concepts to different market structures also under uncertain conditions.

Module MACROECONOMICS
- knowledge of the main theoretical models of international macroeconomics;
- to autonomously apply theoretical models;
- ability to interpret and discuss country monetary and real interdependencies;
- ability to apply autonomously short-run and long-run models to interpret the trends in exchange rates and interest rates;
- ability to interpret the actions of central banks.
Examination methods: Written exam.
For attending students: problem sets—delivered during the classes—will partially contribute to student’s final evaluation. Details will be announced during the first lesson of the course and will be available on the e-learning webpage (moodle), https://elearning.unipd.it/economia/.
Assessment criteria: Module MICROECONOMICS
- completness of acquired knowledge;
- knowledge of the specific terminology of game theory;
- ability to use theoretical concepts to describe the strategic interaction among economic agents in presence of complete and incomplete information;
- ability to interpret economic agents’ strategies also under uncertain conditions.

Module MACROECONOMICS
- knowledge of the specific terminology of international macroeconomics;
- ability to use short and long-run models to interpret the relationships between macroeconomic variables;
- ability to autonomously apply the models of international macroeconomics to the interpretation of country performance and country macroeconomic interdependencies.
- ability to autonomously interpret the effects of central bank interventions on macroeconomic variables.
Course unit contents: The course consists of two modules.

Module MICROECONOMICS
1. Monopoly and monopolistic competition;
2. Static games with complete information: oligopoly, the models of Cournot and Bertrand. Mixed strategies;
3. Dynamic games with complete information. Stackelberg’s model of duopoly, games with imperfect information and repeated games;
4. Static Games with Incomplete Information;
5. Incomplete contracts;
6. Investment specificity and hold up;
7. Asymmetric information and incentives. Adverse selection and moral hazard.

Module MACROECONOMICS
1. Exchange rates: the monetary approach in the long run;
2. Exchange rates and the asset approach in the short run;
3. National and international accounts;
4. Le balance of payments and the gains from financial globalization;
5. Policy issues: fixed versus floating exchange rates and exchange rate regime choices. International monetary experience;
6. Exchange rate crises.
Planned learning activities and teaching methods: Lessons take place with the use of Power Point slides and the projection of class notes via electronic whiteboard. Discussions on current events and the active participation of students will be stimulated. The lectures will be complemented by exercises and group work.
Additional notes about suggested reading: Any information and teaching material will be available on the e-learning webpage (moodle) https://elearning.unipd.it/economia/. The access key to that page will be announced during the first lesson.
Textbooks (and optional supplementary readings)
  • Feenstra R.C and Taylor A.M., International macroeconomics. New York: Worth Publishers, 2017.
  • Gibbons Robert, Game theory for applied economists. Princeton: Princeton University Press, 1992.
  • Milgrom, Paul; Roberts, John, Economics, organisation and managementPaul Milgrom and John Roberts. Hemel Hempstead: Prentice Hall, --. Cerca nel catalogo

Innovative teaching methods: Teaching and learning strategies
  • Lecturing
  • Interactive lecturing
  • Working in group
  • Loading of files and pages (web pages, Moodle, ...)

Innovative teaching methods: Software or applications used
  • Moodle (files, quizzes, workshops, ...)
  • One Note (digital ink)

Sustainable Development Goals (SDGs)
Quality Education