Attendance and Grades in a Course

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

What type of economy does Italy have?

  • Market economy
  • Planned economy
  • Command economy
  • Mixed economy (correct)

What is the primary function of public bodies in the economy?

  • To distribute wealth
  • To influence competition in the private sector (correct)
  • To regulate private companies
  • To provide goods and services

What is the title of the textbook used in the course?

  • Public Finance
  • Managerial Economics
  • Public Economics (correct)
  • Microeconomics

How many hours of lectures are scheduled for the course?

<p>60 hours (A)</p> Signup and view all the answers

What is the purpose of the office hours for student reception?

<p>To answer course-related questions (D)</p> Signup and view all the answers

What is the main purpose of economic models in the context of government expenditure?

<p>To generate hypotheses that can be tested through empirical analysis (B)</p> Signup and view all the answers

What is the key distinction between correlation and causation in the context of government policy?

<p>Correlation is a necessary condition for causation, but not sufficient (A)</p> Signup and view all the answers

What is the advantage of simplicity in economic models?

<p>It reduces a problem to its essential components (A)</p> Signup and view all the answers

What is the primary purpose of a unified budget?

<p>To present a comprehensive list of government revenues and expenditures (C)</p> Signup and view all the answers

What is the characteristic of an experimental study in empirical analysis?

<p>Subjects are randomly assigned to a treatment group or control group (C)</p> Signup and view all the answers

Flashcards are hidden until you start studying

Study Notes

Course Overview

Attendance

  • Attendance is recorded by completing quizzes.
  • Students must attend at least 2/3 of the lessons to qualify as attending students.
  • Any absences of more than 1/3 of the types, although adequately motivated, cannot be justified.
  • Attendance can be both in-person and online.

Advantages of Attending Students

  • The final grade can be increased up to 3 additional points thanks to the results of the quizzes.
  • The exam for non-attending students is longer.
  • Generally, attending students pass the course easily on average.

Exam Structure

  • The exam consists of two parts: a written exam and an oral exam.
  • The written exam has three parts: multiple choice questions, commentary/essay, and open questions about the book (for non-attending students).
  • The oral exam covers the entire course program.

Code of Conduct

  • Students must adhere to the code of conduct to participate in online classes.
  • A device (smartphone, tablet, laptop) is required to check attendance and play quizzes on quizziz.com.

Course Materials

  • The course uses a textbook titled "Public Economics" by Plinio Limata, priced at €34.00.
  • The textbook is a compilation of chapters from various other textbooks, including Rosen's "Public Finance", Bernheim's "Microeconomics", and Thomas's "Managerial Economics".

Course Topics

  • The course covers topics such as market efficiency and failures, public economics, utilitarianism, happiness, ethics, market power, oligopoly, externalities, public goods, and income redistribution.

Platforms and Tools

  • The course uses Google Meet, Quizziz.com, and other platforms for additional activities such as ClassEx and Google forms.

Pitfalls of Observational Studies

  • Observational studies collect data in a non-experimental setting, making it challenging to ensure a valid control group.
  • A counterfactual is the outcome for people in the treatment group had they not been treated.

Economic Theory and Empirical Work

  • Economic theory provides a framework for analyzing the causal relationship between government policy and individuals' behavior.
  • Empirical work tests hypotheses arising from economic theory to determine if it is consistent with real-world phenomena.

Positive and Normative Theory

  • Positive Theory explains the causes of an economic phenomenon.
  • Normative Theory states what should be done to reach certain results.
  • Normative Theory distinguishes between Goals and Tools.
  • Goals can be fixed or flexible.
  • An economic policy model is controllable if the political authority can pursue its objectives.

The Golden Rule of Tinbergen

  • The number of instruments available to the policymaker has to be at least equal to the number of objectives.

Public Economics

  • Public Economics studies all aspects of government intervention in the economy.
  • It provides a framework for analyzing whether public intervention in the market is needed and to what extent.

Political Economy

  • Political Economy lies on the boundary between Political Science and Economics.
  • It focuses on outcomes rather than processes and is concerned with how the political environment affects economic outcomes.

Organic and Mechanistic View of Government

  • Organic view of government: Society is a natural organism, and government is the heart.
  • Mechanistic view of government: Government is created by individuals for individuals.
  • Libertarians vs. Social Democrats: Role of government.

Measuring Government Size

  • Government size can be measured by annual expenditures.
  • Types of government expenditure: purchases of goods and services, transfers of income, and interest payments.
  • Budget documents: unified budget and regulatory budget.

Role of Theory

  • Economic models provide frameworks for thinking about factors that influence behavior.
  • Virtue of simplicity: reducing a problem to its essentials.

Empirical Analysis

  • Empirical analysis is based on observation and experience.
  • It is used to test hypotheses.

Causation vs. Correlation

  • Conditions required for government action X to cause societal effect Y: X must precede Y, X and Y must be correlated, and other explanations for any observed correlation must be eliminated.
  • Example: correlation between being married and wages does not imply causation.
  • Importance of the distinction for policy.

Studying That Suits You

Use AI to generate personalized quizzes and flashcards to suit your learning preferences.

Quiz Team

More Like This

Attendance Matters
1 questions

Attendance Matters

LogicalJasper avatar
LogicalJasper
Class Attendance Policies
35 questions
Developing Skills Revision
47 questions
Use Quizgecko on...
Browser
Browser