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TOPICS IN APPLIED ECONOMICS

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TOPICS IN APPLIED ECONOMICS

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Academic year 2022/2023

Course ID
SEM0132
Teacher
Ambra Poggi (Lecturer)
Year
2nd year
Teaching period
First semester
Type
Related or integrative
Credits/Recognition
6
Course disciplinary sector (SSD)
SECS-P/02 - economic policy
Delivery
Formal authority
Language
English
Attendance
Optional
Type of examination
Written
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Sommario del corso

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Course objectives

The course deals with topics in public economics using an applied approach. The focus is on income inequality (disparities in income among individuals) as source of costs for the society and having an impact on individual well-being. Policy makers should understand its causes and its consequences to evaluate the implementation of redistributive polices for a more equal and sustainable society as required by the 2030 Agenda for Sustainable Development.

The purpose of this course is to investigate the extent of inequality, its causes and its consequences. First, we learn how to measure income inequality using econometric software and discuss recent trends. Second, we study some important drivers of inequality (e.g. new technologies, fiscal policies and environment conditions). Third, we discuss the costs of ignoring inequality in terms of lack of social cohesion, reduced growth, and difficulty in implementing policies to reduce poverty. Forth, we discuss the role of inequality of opportunities (unequal access to fundamental rights and services required for individuals to sustain and improve their livelihoods) in the persistence of income inequality over time.

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Results of learning outcomes

At the end of the course the successful student has acquired a working knowledge of the basic issues regarding the definition and measuring of inequality, the interpretation of its drivers and the role of redistribution policies. This knowledge is a core skillset for policy analysts.

 

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Course delivery

The course will be taught mainly through lectures in class. There will be some pratical classes using dataset and software (Stata) to learn how to measure income inequality and to analysis the importance of its drivers. No previous knowledge are required.

 

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Learning assessment methods

The exam is written only (consisting of an open ended questions) and lasts 1 hour.

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Program

Part 1. Measuring income inequality

- Measures of income inequality and empirical evidence

- The structure of inequality in the society

Part 2. Drivers of income inequality

- Simple empirical analysis for the driving forces of income inequality

- Technological progress

- Fiscal policies

- Air pollution, resources degradation and climate changes

Part 3. Costs of inequality

- economic growth and inequality

- poverty and inequality

- social cohesion and inequality

Part 4. Inequality of opportunities and income inequality

Suggested readings and bibliography



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