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Master in Economics and Business Administration Subject Syllabi

Subject Syllabi - UAB Barcelonapagines.uab.cat/meba/sites/pagines.uab.cat.meba/files/... · 2019-10-22 · 2. Key concepts for univariate data analysis 3. Key concepts for multivariate

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Page 1: Subject Syllabi - UAB Barcelonapagines.uab.cat/meba/sites/pagines.uab.cat.meba/files/... · 2019-10-22 · 2. Key concepts for univariate data analysis 3. Key concepts for multivariate

Master in Economics and Business Administration

Subject Syllabi

Page 2: Subject Syllabi - UAB Barcelonapagines.uab.cat/meba/sites/pagines.uab.cat.meba/files/... · 2019-10-22 · 2. Key concepts for univariate data analysis 3. Key concepts for multivariate

Master in Economics and Business Administration

Module Fundamentals of Economics and Business I

Subject Microeconomics

Lecturer Xavier Vilà

Year 2019-2020

Subject description

Microeconomics consists of the analysis of the behavior of economic agents and the implications of their interactions. The course explores the basic topics of consumers and firms behavior and optimization, market equilibrium, and an introduction to information economics

Course contents

Introduction 1. Consumer Theory

1.1. Preferences and utility. 1.2. Budget constraint. 1.3. Utility maximization. 1.4. Properties of marshallian demand functions. Income and substitution effects.

2. Theory of the Firm 2.1. Technology and production function. 2.2. Productivity and returns to scale. 2.3. Cost minimization: cost and conditional input demand functions. 2.4. Short and long run families of cost functions. 2.5. Profit maximization and output supply.

3. Markets under Perfect Competition 3.1. Market supply and demand functions. Elasticities. 3.2. Market equilibrium. 3.3. Consumer and producer surplus. 3.4. Market efficiency.

4. Markets under Imperfect Competition 4.1. Monopoly: Characteristics, inefficiency and regulation 4.2. Oligopoly: Cournot, Bertrand and Stackelberg models 4.3. Perfect vs Imperfect Competition

5. Introduction to Information Economics

5.1. Adverse selection and applications 5.2. Moral hazard and applications

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Master in Economics and Business Administration

Assessment policy

Continuing evaluation (assignments, essays, in-class presentations and participation): 35% of the final grade Final evaluation (written exam and/or essay and/or oral presentation): 65% of the final grade IMPORTANT: In order to pass this subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

References

1. JEHLE, G.A., RENY, P.J. Advanced Microeconomic Theory. Prentice hall. (3rd.

edition). 2011. 2. VARIAN, H., Microeconomic Analysis. Norton. (3rd. Edition). 1992.

Contact information

Name e-mail Department Office Phone

Xavier Vilà [email protected] Economics

B3-148 935 812 191

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Master in Economics and Business Administration

Module Fundamentals of Economics and Business I

Subject Public Economics

Lecturers Francesc Trillas

Year 2019-2020

Subject description

Learn the main principles and applications of welfare economics and political economy, including modern incentive theory in the public sector and related issues in behavioral economics.

Course contents

1. Foundations: welfare economics and market failures. Inequality. Welfare theorems. Second Best. Coase theorem. Efficiency and equity trade-offs. 2. Collective decision making. Social choice and collective action. Cooperation and coordination games. Political economy and public choice. Incentives in the public sector. Political economy & institutional economics. 3. Behavioral economics, public choice and welfare economics. Systematic biases in individual behavior. Boundedly rational consumers, firms and policy-makers. 4. Applications: Governing Globalization, Complex Economic Systems, Cost-Benefit analysis and Mega-projects.

Asessment policy

- One final Exam (65%) - Exercises as self-evaluation. These will not be graded but will be essential practice for the final exam. - Essays (35%). One essay per student on an application of the contents of the course (a precise guide will be distributed) IMPORTANT: In order to pass this subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

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Master in Economics and Business Administration

References

General -Congdon, W.J.; Kling, J.R. (2011), Policy and Choice: Public Finance through the Lens of Behavioral Economics, Brookings Institutions. -Cullis/Jones (2009), Public Finance and Public Choice, Oxford University Press. Third edition. -Gruber, J. (2007), Public Finance and Public Policy, Worth Publishers, Second Edition. -Hindriks/Myles (2006), Intermediate Public Economics, The MIT Press. -Silvestre, J. (2012), Public Economics. Efficiency and Equity in Public Policy, Edward Elgar. Specific Specific references will be distributed for every chapter.

Contact information

Name e-mail Department Office Phone

Francesc Trillas [email protected] Applied Economics B3-078 93 581 4576

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Master in Economics and Business Administration

Module Fundamentals of Economics and Business I

Subject Strategic Management I & II

Lecturer Dr. María Teresa Bolívar Ramos

Year 2019-2020

Subject description

1. Overall description of the course and rationale

The aim of the course is to introduce the student to the main concepts and thought processes in strategic management. Strategy will be studied as a general management task, developing the skills of the student within the strategic analysis, strategic formulation and strategic implementation stages of the strategic decision-making process.

2. Learning objectives / outcomes

Present and practice the body of knowledge and techniques related to strategic decision making so that the participant can effectively take part in its formulation and implementation process. By the end of the course, the student should be able to:

- Understand business strategy and the nature of strategic management

- Think strategically

- Solve problems and apply decision making techniques

- Determine strategy influence and impact

- Develop personal effectiveness

3. Delivery methodology

The course is designed to be challenging, interactive and to allow for frequent participation between the participants and the Lecturer. The session will have a predominantly applied character with a high participatory content. The delivery format will include a combination of individual and group tasks, case studies, discussions, role-plays, and videos.

The course will be based on three main activities:

(1) In-class lectures, (2) Case study analysis and presentations. (3) Preparation and presentation of a Strategic Plan.

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Master in Economics and Business Administration

Course contents

1. Configuration Function of Strategy: The concept of strategy. Contents of business strategy. Different levels of strategy and strategic decision. Strategic business unit (SBU). The Strategic Management process. 2. Strategic Analysis (I) (External): Analysis of the general macro-environment. Analysis of the industry and competitive environments. Intra-industry analysis. Concept and identification of strategic groups and market segments. Identification of key success factors. 3. Strategic Analysis (II) (Internal): Functional analysis and strategic profile of the firm. Value chain analysis. Internal analysis based on resources and capabilities of the firm. 4. Business Strategy (I): Nature and sources of competitive advantages. Analysis of cost and differentiation advantages. The strategic clock. 5. Corporate Strategy (II): Diversification. Vertical integration. Cooperation. Firm internationalization. 6. Strategic Implementation. Strategy evaluation criteria and selection techniques. Strategic planning. Strategic control.

Assessment policy

- Continuous assessment (assignments, in class presentations and participation): 35% of the final grade - Final evaluation (written exam and/or essay and/or oral presentation): 65% of the final grade IMPORTANT: In order to pass this subject, students must attend at least 80% of the lectures

(special cases, with appropriate justification, will be considered individually by the professors

together with MEBA coordinators).

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Master in Economics and Business Administration

References

GRANT, R. (2010) Contemporary Strategy Analysis, 7th edition, Wiley: London.

NAVAS, J.E.; GUERRAS, L.A. (2013): Fundamentals of Strategic Management. Thomson Reuters-Civitas: Madrid. THOMPSON, A.; STRICKLAND A.J. (2009) Crafting and Executing Strategy: Text and Readings. 17th edition, McGraw-Hill: London.

Contact information

Name e-mail Department Office Phone

María Teresa Bolívar Ramos

[email protected] Business B1/1098 935814303

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Master in Economics and Business Administration

Module Fundamentals of Economics and Business II

Subject Statistics for Data Analysis

Instructor Maite Cabeza Gutés

Year 2019-2020

Subject description The course main objective is to provide a solid foundation of statistics for the analysis of economic data. Even if the focus of the course is on applied statistics, mathematical details will be included to help to properly understand the tools presented.

Course contents 1. Introduction 2. Key concepts for univariate data analysis 3. Key concepts for multivariate data analysis 4. Inferential statistics: estimation 5. Inferential statistics: Hypothesis testing

Assessment Policy Assignments: 35% of the final grade. Written exam: 65% of the final grade. IMPORTANT: In order to pass this subject, students must attend at least 80% of the lectures

(special cases, with appropriate justification, will be considered individually by the professors

together with MEBA coordinators).

Selected references Larsen, R.J & Marx, M.L., An Introduction To Mathematical Statistics And Its Applications. Pearson. Lind, D.A. et al. Statistical Techniques in Business and Economics. McGraw-Hill Mittelhammer, R.C. Mathematical Statistics for Economics and Business. Springer. Moore, D.S., et al., The Practice of Statistics for Business and Economics. Freeman. Peck,R. Et al., Introduction to Statistics and Data Analysis. Cengage. Specific readings will be recommended for each unit.

Software

Stata

Contact information

Name e-mail Department Office Phone

Maite Cabeza [email protected] Economia i Història Econòmica B3-134 93 581 2195

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Master in Economics and Business Administration

Module Fundamentals of Economics and Business II

Subject PUBLIC FINANCE

Lecturers Miguel-Angel Lopez-Garcia

Year 2019-2020

Subject description

Public Finance, or equivalently Public Economics, focuses on the study of the effects of government actions on economic activity. It aims at predicting the effects of these actions and at providing guidance on the choice among different alternatives. By restricting attention on a relatively small number of topics, the objective of the course is to illustrate how economic analysis emerges as an extremely helpful instrument in the design and evaluation of public policy.

Course contents

1. A framework for normative analysis

2. Commodity taxation

3. Income taxation

4. Tax evasion

5. Intertemporal efficiency

6. Social security

Assessment policy

Continuing evaluation (assignments, essays, in-class presentations and participation): 35% of the final grade Final evaluation (written exam and/or essay and/or oral presentation): 65% of the final grade IMPORTANT: In order to pass this subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

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Master in Economics and Business Administration

References

The basic reference for the course is J. Hindriks and G.D. Myles (2013), Intermediate Public Economics, MIT Press, second edition.

Further, more specialized references, are:

A.B. Atkinson and J.E. Stiglitz (1980), Lectures on Public Economics, McGraw-Hill.

A.J. Auerbach and M. Feldstein (eds) (1985,1987,2002.a,2002.b), Handbook of Public Economics, Vols. 1-4, North Holland.

A.J. Auerbach, R. Chetty, M. Feldstein and E. Saez (eds) (2013), Handbook of Public Economics. Vol. 5, North Holland.

B. Salanié (2003), The Economics of Taxation, MIT Press.

R. Jha (2010), Modern Public Economics, Routledge, second edition.

R.W. Tresch (2002), Public Finance. A Normative Approach, Aceademic Press, second edition.

Contact information

Name e-mail Department Office Phone

Miguel-Angel Lopez-Garcia

[email protected] Applied Economics

B3-040 93 581 12 29

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Master in Economics and Business Administration

Module Fundamentals of Economics and Business II

Subject Macroeconomics

Instructor Francesc Obiols

Year 2019-2020

Subject description

This course aims to familiarize students with key analytical concepts and key analytical tools in macroeconomic analysis and related policies.

Upon completion, students must be able (i) to understand fundamental theoretical issues underlying the relationship of some critical macroeconomic variables such as GDP, inflation, unemployment, etc; (ii) to interpret the reasons for, and the effects of, demand and supply-side policies; (iii) to understand the long-run effects of fiscal policy and the determinants of economic growth.

Course contents

1. Introduction: Macroeconomic Variables and Empirical Facts.

2. Short-Run Analysis of Fiscal and Monetary Policy in a Small Open Economy.

3. Capital Accumulation.

4. Deficits, Debt, and Fiscal Policy in a Dynamic Economy.

5. Economic Growth.

6. Other Topics on Macroeconomics: Business Cycles, Monetary Policy, and the Labor Market.

Assessment policy Continuing evaluation (assignments, presentations, and participation):

35% of the final grade

Final evaluation (written exam): 65% of the final grade IMPORTANT: In order to pass this subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

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Master in Economics and Business Administration

Selected references Textbooks: Romer, D. Advanced Macroeconomics. McGraw Hill.

Sørensen, P.B. and H.J. Whitta-Jacobsen. Introducing Advanced Macroeconomics: Growth and

Business Cycles. McGraw Hill.

Williamson, S.D. Macroeconomics. Pearson.

Specific additional academic papers will be supplied during the course.

Databases: Eurostat: http://ec.europa.eu/eurostat/data

OECD: http://www.oecd-ilibrary.org/statistics

IMF: http://data.imf.org/

European Comission: http://ec.europa.eu/economy_finance/db_indicators/

The World Bank (Doing Business Database): http://www.doingbusiness.org/data

Contact information

Name e-mail Department Office Phone

Francesc Obiols [email protected] Economics B3-1120 93 581 1925

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Master in Economics and Business Administration

Module Fundamentals of Economics and Business II

Subject Econometrics

Instructor Maite Cabeza Gutés

Year 2019-2020

Subject description The course covers basic tools of econometric analysis for the measurement and testing of economic relationships using regression analysis. Even if the focus of the course is on the application of these methods, mathematical details will be included to help to properly evaluate the advantges and limitations of the tools presented.

Course contents 1. Introduction to econometric analysis 2. Regression models: estimation 3. Regression models: inference 4. Topics in the analysis of cross sectional data. 5. Topics in the analysis of time series data

Assessment Policy Assignments: 35% of the final grade. Written exam: 65% of the final grade. IMPORTANT: In order to pass this subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

Selected references Stock, J. & Watson, M., Introduction to Econometrics. Pearson. Verbeek, M., A Guide to Modern Econometrics. Wiley. Wooldridge, J.M., Introductory Econometrics. Cengage. Specific readings will be recommended for each unit.

Software

Stata Contact information

Name e-mail Department Office Phone

Maite Cabeza [email protected] Economia i Història Econòmica B3-134 93 581 2195

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Master in Economics and Business Administration

Module Finance I

Subject Financial Economics, Asset Pricing & Financial Strategies

Lecturers Jordi Caballe, Florina Silaghi, Ramon Prat

Year 2019-2020

Subject description Foundations of finance: Assets, market behavior, market phenomena, and decisions about saving, consumption and investment. Value creation in financial markets: Required rate of return and asset pricing of shares, bonds and derivatives.

Course contents 1. Decisions and Portfolio Choice under Uncertainty

2. General Equilibrium under Uncertainty and the Valuation of Contingent Claims

3. Incomplete Markets

4. Term Structure of Interest Rates. Bond Management

5. Information, Market Efficiency and Market Regulation

6. Mean-Variance Models: CAPM and APT

7. Share Valuation Models

8. Derivatives: Pricing and Strategies

Jordi Caballe lectures topics 1 to 3, Florina Silaghi addresses topics 5 to 7, and Ramon Prat copes with topics 4 and 8.

Assessment policy Continuing evaluation (assignments, essays, quizzes, in-class presentations and participation): 35% of the final grade Final written exams: Part I: 21.66% of the final grade

Part II: 21.66% of the final grade Part III: 21.66% of the final grade

IMPORTANT: In order to pass each subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

The exam of Financial Economics, Asset Pricing and Financial Strategies will take place the day scheduled by the master’s coordinators. The same applies to the re-take exam, if needed.

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Master in Economics and Business Administration

References Brealey, R.A., S.C. Myers and F. Allen, Principles of Corporate Finance. 12th edition. McGraw-

Hill. 2017.

Campbell, J. Y., Financial Decisions and Markets: A Course in Asset Pricing. Princeton University Press. 2018.

Copeland, T.E., J.F. Weston and K. Shastri. Financial Theory and Corporate Policy. 4th edition. Addison-Wesley. 2004.

Gollier, C. The Economics of Risk and Time. MIT Press, 2001.

de la Grandville, O. Bond Pricing and Portfolio Analysis. Protecting Investors in the Long Run. MIT Press. 2003.

Hens T. and M.O. Rieger. Financial Economics. A Concise Introduction to Classical and Behavioral Finance. Springer. 2010.

Hull, J. Options, Futures and Other Derivatives, 10th edition. Pearson, 2018.

Pennacchi, G. Theory of Asset Pricing. Pearson, 2008.

Semmler, W. Asset Prices, Booms and Recessions. 3rd edition. Springer. 2011.

Contact information

Name e-mail Department Office Phone

Jordi Caballe [email protected] Economics B3-146 93 581 2367

Florina Silaghi [email protected] Business B1-1104 93 581 4302

Ramon Prat Ramó[email protected] Business 93 581 1209

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Master in Economics and Business Administration

Module Finance II

Subject Corporate Financial Policy, Investments & Financial Institutions

Lecturers Joan Montllor, Maria-Antonia Tarrazon, Carmen-Pilar Marti, Guilhem Fraysse

Year 2019-2020

Subject description Value creation in corporations: Financial policy, corporate growth and corporate restructuring. Corporate and banking investment decisions, risk management in domestic and international contexts.

Course contents 1. Capital Structure and Dividend Policy

2. Capital Budgeting, Project Analysis and Investment Criteria

3. International Financing and Investment Decisions

4. International Risk Management

5. Banking: Regulation and Management

6. Real Options Analysis

7. Mergers and Acquisitions

8. Financial Institutions: International Asset Management and Performance Analysis

Joan Montllor lectures topics 1 and 5, Maria-Antonia Tarrazon copes with topics 2 and 6, Carmen-Pilar Marti lectures topics 3 and 4, and Guilhem Fraysse addresses topics 7 and 8.

Assessment policy Continuing evaluation (assignments, essays, quizzes, in-class presentations and participation): 35% of the final grade Final written exams: Part I: 16.25% of the final grade Part II: 16.25% of the final grade Part III: 16.25% of the final grade Part IV: 16.25% of the final grade IMPORTANT: In order to pass each subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators). The exam of Corporate Financial Policy, Investments & Financial Institutions will take place the day scheduled by the master’s coordinators. The same applies to the re-take exam, if needed.

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Master in Economics and Business Administration

References

Bierman, H. and S. Smidt. Advanced Capital Budgeting: Refinements in the Economic Analysis of Investment Projects. Routledge. 2007.

Brealey, R.A., S.C. Myers and F. Allen, Principles of Corporate Finance. 12th edition. McGraw-Hill. 2017.

Eun, CS. and Resnick, BG. International Financial Management. 8th edition. McGraw-Hill. 2018.

Hull, J. Options, Futures and Other Derivatives, 10th edition. Pearson, 2018.

Hull, J. Risk Management and Financial Institutions. 5th edition. Wiley. 2018.

Solnik, B. and D. McLeavey. Global Investments. 6th edition. Pearson. 2009.

Trigeorgis, L. Real Options. Managerial Flexibility and Strategy in Resource Allocation. MIT Press. 1996.

Contact information

Name e-mail Department Office Phone

Joan Montllor [email protected] Business B1-1106 93 581 1269

Maria-Antonia Tarrazon [email protected] Business B1-1102 93 581 3116

Carmen-Pilar Marti [email protected] Business B1-137 93 581 4425

Guilhem Fraysse Business 93 581 1209

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Master in Economics and Business Administration

Module Public Policies I

Subject Evaluation Methodologies for Public Policy

Lecturers Xavier Ramos

Year 2019-2020

Subject description The objective of this course is to familiarize students with the growing field of impact evaluation in economics. The course presents the main methodologies used to quantify the causal effect of policy interventions on outcomes, including randomized evaluations, difference-in-differences, regression discontinuity designs and natural experiments. These methodologies are assessed critically focusing on their weaknesses and strengths as well as focusing on their application in Stata. The course also offers an overview of the key debates in the design and implementation of a wide range of policies, and their impact on socially relevant issues such as tackling poverty, improving quality and access to education, regeneration of deprived areas, fostering employment.

Course contents

Methodology Key challenges of estimating the causal impact of public policies

Randomized evaluations

Difference-in-differences

Propensity score matching

Regression discontinuity designs

Endogeneity and Instrumental Variables

Natural and quasi-natural experiments

Examples of Policy Interventions to be Reviewed Training programmes on earnings

Active labour market policies on employment

Educational programmes on school participation

Conditional cash-transfers on poverty and education

Community programmes on regeneration of deprived areas

Microfinance on survival of entrepreneurs

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Master in Economics and Business Administration

Assessment policy

Continuing evaluation (assignments and presentations): 40% of the final grade Final evaluation (written exam): 60% of the final grade IMPORTANT: In order to pass this subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

References

Basic Readings 1) Books:

(main) Khandker, Shahidur R.; Koolwal, Gayatri B.; Samad, Hussain A.. 2010.

Handbook on Impact Evaluation : Quantitative Methods and Practices. World Bank.

https://openknowledge.worldbank.org/handle/10986/2693 License: CC BY 3.0

IGO.

(optional) Angrist, J. and Pischke, J.-S, 2008, Mostly Harmless Econometrics An

empiricist’s Companion, Princeton University Press.

(optional) Angrist, J. and Pischke, J.-S, 2014, Mastering Metrics: The Path from Cause

to Effect, Princeton University Press.

(optional) Shenyang Guo and Mark W. Fraser, 2010, Propensity Score Analysis,

Statistical Methods and Applications, Sage Editorial.

2) Article Reviews:

Duflo, E., Glennerster, R. and Kremer, M. (2007) Using Randomization in

Development Economics Research: A Toolkit, CEPR Discussion Paper No. 6059.

Imbens, G., (2015) Matching Methods in Practice: Three Examples, Journal of Human

Resources, 50(2). http://www.nber.org/papers/w19959

Imbens, G., Lemieux, T. (2007) Regression Discontinuity Designs: A Guide to

Practice, NBER technical working paper 337

Lee, D. S., and Lemieux, T. (2009) Regression Discontinuity Designs in Economics,

Journal of Economic Literature, 48(2).

Ravallion, Martin. 2008. “Evaluating Anti-poverty Programs.” In Handbook of

Development Economics, vol. 4, ed. T. Paul Schultz and John Strauss, 3787–846.

Amsterdam: North-Holland.

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Master in Economics and Business Administration

Additional Suggested References

Allegretto, S.A., Dube, A. and Reich, M. (2011) Do Minimum Wages Really Reduce

Teen Employment? Accounting for Heterogeneity and Selectivity in State Panel Data,

Industrial Relations, 50(2).

Angrist, J., Bettinger, E., Bloom, E., King, E. and Kremer, M. (2002) Vouchers for

Private Schooling in Colombia: Evidence from a Randomized Natural Experiment,

American Economic Review, 92(5).

Angrist, J., Bettinger, E. and Kremer, M. (2006). Long-Term Educational

Consequences of Secondary School Vouchers: Evidence from Administrative

Records in Colombia, American Economic Review, 96(3): 847-862.

Angrist, J., Chin, A. and Godoy, R. (2008). Is Spanish-only schooling responsible for

the Puerto Rican language gap?, Journal of Development Economics, 85(1-2): 105-

128.

Angrist, Joshua, and Victor Lavy (2001). Does Teacher Training Affect Pupil

Learning? Evidence from Matched Comparisons in Jerusalem Public Schools, Journal

of Labor Economics, 19(2): 343-369.

Angrist, Joshua, Philip Oreopoulos, and Tyler Williams (2014). When Opportunity

Knocks, Who Answers? New Evidence on College Achievement Awards, Journal of

Human Resources, 49(3): 572-610.

Bandiera, O., Barankay, I and Rasul, I. (2011) Field experiments with firms, Journal

of Economic Perspectives, 25(2).

Behrman, J., Sengupta, P. and Todd, P. (2005) Progressing through Progresa: An

Impact Assessment of a School Subsidy Experiment in Mexico. Economic

Development and Cultural Change, 54(1).

Dearden, L., Emmerson, C., Frayne, C. and Meghir, C. (2009) Conditional Cash

Transfers and School Dropout Rates The Journal of Human Resources, 44(4).

Johnson P. (2011) New Policies, Like New Medicines, Should First Be Put to the Test,

Guardian.

Kremer, M. (2003) Randomized Evaluations of Educational Programs in Developing

Countries: Some Lessons, American Economic Review, 93(2).

Malde, B. (2008) The Randomised Evaluation Revolution in Development

Economics, Economic Review.

Meyer, B. (1994) Natural and Quasi-experiments in Economics, NBER Technical

Working Paper 170.

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Master in Economics and Business Administration

LaLonde, R. J. (1986) Evaluating the Econometric Evaluations of Training Programs

with Experimental Data, American Economic Review, 76(4).

Love, T.E. (2003) Propensity Scores: What Do They Do, How Should I Use Them and

Why Should I Care? ASA Cleveland Chapter.

Ludwig, J. and Miller, D. L. (2007) Does Head Start Improve Children’s Life Chances?

Evidence from a Regression Discontinuity Design, Quarterly Journal of Economics,

122(1).

Rice, P. (2010) Minimum Wages and Schooling: Evidence from the UK's Introduction

of a National Minimum Wage, University of Oxford, Economics Department Working

Paper 482.

Sianesi, B. (2004) An Evaluation of the Swedish System of Active Labour Market

Programmes in the 1990s, Review of Economics and Statistics, 86(1).

Todd P.E. and Wolpin K. I. (2006) Assessing the Impact of a School Subsidy Program

in Mexico: Using a Social Experiment to Validate a Dynamic Behavioral Model of

Child Schooling and Fertility, American Economic Review, 96(5).

Contact information

Name e-mail Department Office Phone

Xavier Ramos [email protected] Applied Economics B3-068

935812868

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Master in Economics and Business Administration

Module Public Policies I

Subject Infrastructure Policies

Lecturers Javier Asensio and Oriol Roca

Year 2019-2020

Subject description

This course studies the economic aspects of infrastructures using the tools of economic analysis in deciding the optimal level of infrastructure provision, the role of public and private sector in their provision and operation and shows the policy implications of the deregulation process that has taken place in infrastructure markets in recent years. The emphasis of the course is empirical, with detailed examples and case studies to show the economic consequences of alternative policy designs.

Course contents

1. Introduction: economic importance of infrastructures

Economic impact of public infrastructures: demand and supply effects, net and spillover effects, crowding out effects and distributive effects.

2. Infrastructures and economic growth

Models used to investigate the relationship between infrastructure and economic activity: Input Output Models, Econometric Models.

3. Decision-making on infrastructure provision

Cost Benefit Analysis and beyond.

4. Models of public-private infrastructure management

The problem of monopoly in infrastructure provision and the range of possible solutions. Public provision of infrastructures and reasons for privatization.

5. Infrastructure provision with private contracts and concessions

Private contracts. Infrastructure concessions and the renegotiation problem. Public Private Partnerships (PPPs).

6. Infrastructure regulation and competition

Infrastructure regulation: rate of return & price cap. Vertical unbundling and the introduction of competition.

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Master in Economics and Business Administration

Assessment policy

Continuing evaluation (assignments, essays, in-class presentations and participation): 35% of the final grade Final evaluation (written exam and/or essay and/or oral presentation): 65% of the final grade IMPORTANT: In order to pass each subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

References

Aschauer, D. A. Is public infrastructure productive? Journal of Monetary Economics 23, 177-

200, 1989.

Bom, P.D. and Ligthart, J.E. What have we learned from three decades of research on the productivity of public capital?, Journal of Economic Surveys, 28 (5), 889-916, 2014.

Engel, E., R. Fischer and A. Galetovic, The economics of infrastructure finance: Public-private partnerships versus public provision, EIB Papers, 15 (1), 2010.

Gómez-Ibáñez, J. A., Regulating infrastructure. Monopoly, contracts and discretion, Harvard University Press, 2003.

Gramlich, E.M. Infrastructure investment: A review essay. Journal of Economic Literature, Vol. XXXII, 1176-1196, 1994.

Guasch, J.L. Granting and Renegotiating Infrastructure Concessions: Doing it Right, The World Bank, 2004.

Kessides, I. N., Reforming infrastructure: privatization, regulation, and competition, Oxford University Press – The World Bank, 2004.

Newbery, D. M., Privatization, restructuring and regulation of network utilities, MIT Press, 2001.

Romp W. and de Haan, J., Public Capital and Economic Growth: A Critical Survey, Perspektiven der Wirtschaftspolitik 8 (Special Issue): 6–52, 2007.

Straub, S., Infrastructure and Development: A Critical Appraisal of the Macro-level Literature, The Journal of Development Studies, vol. 47(5), 683-708, 2011.

World Bank, World Development Report 1994: Infrastructure For Development. Oxford University Press, New York. Overview and Chapter 1, 1-36, 1994.

Contact information

Name e-mail Department Office Phone

Javier Asensio [email protected] Applied Economics B3-0118 935 812 290

Oriol Roca [email protected] Applied Economics B3-0124 935 814 583

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Master in Economics and Business Administration

Module Public Policies I

Subject Innovation Policies

Lecturers Jorge Vélez

Year 2019-2020

Subject description

The course introduces students to the topic of innovation as a major force for economic growth and innovation policies aimed at promoting technological development and innovation. The goal of the course is to familiarize students with government policies to support innovation, to guide them through the empirical research on these topics, and let them explore interesting research questions on their own. During the course, we study some general questions on innovation activities of firms, such as the link between R&D, innovation, and productivity, and the ways of organizing for innovation, in particular, knowledge sourcing strategies; we then discuss how government intervention, more specifically, patent protection, government funded R&D, and trade reforms, influences firms’ innovation output. We also review and discuss the empirical research on these topics. By completing this course the students should be able to: 1) understand relevant determinants and performance implications of firm innovation activities; 2) explain and discuss the public policies for stimulating innovation and their underlying rationale; 3) assess the impact of these policies using methods from the empirical studies.

Course format

The course follows the problem based learning (PBL). Instead of ingesting knowledge, students construct their own knowledge! This is done in seven straightforward steps, which revolve around a specific task (or "problem"). These tasks present a situation, problem or an assignment that students will need to solve as a group. The solution process is structure in seven steps

Reading the task and clarifying the concepts Defining the problem Analysing the problem: brainstorming to collect prior knowledge and best

guesses Analysing the problem: structuring your knowledge Formulating learning goals Self-study: identifying sources, studying, preparing report for post

discussion. Reporting back to the group.

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Master in Economics and Business Administration

Course contents

1. Introduction. Why do we care about innovation? 2. Innovation. How do we measure it? And what are the drivers? 3. Innovation Policies: The rationales. Why? 4. Innovation Policies: the measures. How? 5. Innovation policies: Evaluation. How effective? 6. Government financial support for R&D and tax credits 7. Intellectual property rights (IPRs) 6. Further topics on innovation policies

Assessment policy Continuing evaluation (assignments, essays, in-class presentations and participation): 35% of the final grade Final evaluation (written exam and/or essay and/or oral presentation): 65% of the final grade IMPORTANT: In order to pass this subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

References There is no mandatory textbook for the course. This course uses a selection of articles, chapters and reports as required literature. Each task will contain required and suggested literature which will help the student to contribute with richer insights during the group meetings.

Contact information

Name e-mail

Jorge Velez [email protected]

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Master in Economics and Business Administration

Module Public Policies II

Subject Environmental Policies

Lecturers Emilio Padilla Rosa

Year 2019–2020

Subject description

The aims of the subject are: To review the economic analysis of main environmental problems as well as the different environmental policy tools. To understand the relationship between economic, social and ecological systems. To study the analytical tools of the economics of the environment. To analyse the main current debates in the field.

Course contents

1. The economic analysis of the environment and ecological economics. The relationship between the economy and the environment. The economy and environmental problems.

2. Markets operation and environmental degradation. Justifications for public

intervention with environmental policies. Microeconomic analysis of pollution.

3. Different conceptions of sustainable development and their applications.

4. Economic appraisal of environmental policies. Valuation problems.

5. Economic analysis of the environment and future generations. Ethics and ecological economics.

6. Environmental policy tools: environmental taxes.

7. Environmental policy tools: tradable permits and others.

8. The relationship between economic growth, environmental quality, and

environmental policies.

9. Global environmental problems: Economics and policy of climate change.

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Master in Economics and Business Administration

Assessment policy

1. Individual written essays (35%)

2. Final exam (65%) IMPORTANT: In order to pass each subject, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

References

Main Books Bergh, J.C.J.M van den (ed.) (1999). Handbook of Environmental and Resource Economics.

Edward Elgar, Cheltenham. Common, M., Stagl, S. (2005). Ecological Economics. Cambridge University Press,

Cambridge. Jacobs, M. (1991) The Green Economy. Pluto Press, London. Pearce, D.W., Turner R.K. (1990) Economics of Natural Resources and the Environment.

Harvester Wheatsheaf, London. Stavins, R. N. (ed.) (2019) Economics of the Environment, Selected Readings, W. W. Northon

and Company, New York and London. (Seventh edition). There are several journals, which you can refer to. These include: Ecological Economics, Environmental Values, Environmental and Resource Economics, Energy Policy, Energy Economics, Journal of Environmental Economics and Management, Land Economics, Environment and Planning (A) and (C), Environment & Development Economics, Journal of Environment and Development.

Contact information

Name e-mail Department Office Phone

Emilio Padilla [email protected] Applied Economics B3-0112 93 581 1276

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Master in Economics and Business Administration

Extended bibliography

Unit 1: Boulding, K.E. (1966) “The Economics of the Coming Spaceship Earth” H. Jarrett (ed.),

Environmental Quality in a Growing Economy, pp. 3–14. Baltimore, MD: Resources for the

Future/Johns Hopkins University Press.

Daly, H. E. (1987) “The Economic Growth Debate: What Some Economist Have Learned But Many Have Not”, Journal of Environmental Economics and Management, Vol. 14 (4), pp. 323–336.

Daly, H. E. (1999) “Steady-state economics: avoiding uneconomic growth” in J.C.J.M. van den Bergh (ed), Handbook of Environmental and Resource Economics, Edward Elgar, Chelktenham, UK.

Georgescu-Roegen, N. (1977) “What Thermodynamics and Biology Can Teach Economists”, Atlantic Economic Journal, Vol.5 (1), pp. 13–21.

Kapp, K. W. (1976) “The open system character of the economy and its implications”, in Kurt

Dopfer (ed.) Economics in the Future: Towards a New Paradigm, Macmillan, London.

Unit 2: Aguilera-Klink, F. (1994) “Some Notes on the Misuse of Classic Writings in Economics on

the Subject of Common Property”, Ecological Economics, Vol. 9 (3), pp. 221–228. Ayres, R.U., Kneese, A. V. (1969) “Production, Consumption, and Externalities”, American

Economic Review, Vol. 59 (3), pp. 282–297. Coase R.H. (1960) “The Problem of Social Cost”, Journal of Law and Economics, Vol. 3, pp. 1–

44.

Gordon, H.S. (1954), “Economic Theory of a Common-Property Resource: the Fishery”, Journal of Political Economy, Vol. 62, pp. 124–142.

Hardin, G. (1968) “The Tragedy of Commons”, Science, Vol. 162, pp. 1243–1248. Mishan E.J. (1971) “The postwar literature on externalities: An interpretative essay”, Journal of

Economic Literature, Vol. 9 (1), pp. 1–28.

Ostrom, E. et al. (1999) “Revisiting the Commons: Local Lessons, Global Challenges”, Science 284. pp. 278–282.

Pigou A. C. (1920) The Economics of Welfare. Macmillan and Co, London. Unit 3: Alcántara, V., Padilla, E. (2003) “Key sectors in final energy consumption: an input–output

application to the Spanish case”, Energy Policy, Vol. 31, pp. 1673–1678. Bergh, J.C.J.M van den, Verbruggen, H. (1999) “Spatial sustainability, trade and indicators:

an evaluation of the ‘ecological footprint’”, Ecological Economics, Vol 29, pp. 61–72. Daly, H.E. (1997) “Georgescu-Roegen versus Solow/Stiglitz”, Ecological Economics, Vol. 22

(3), pp. 261–270. (and answers of Solow, R.M. and Stiglitz, J.E.) Hamilton, K., Clemens, M. (1999), “Genuine savings rates in developing countries”, World

Bank Economic Review, Vol. 13: 333–356. Mathews, E. et. al, (2000) The Weight of Nations, World Resources Institute. Naredo, J.M. (1999), “Sobre la “sostenibilidad” de los sistemas”, Ch. 5 of Naredo, J.M. and

Valero, A. (dir), Desarrollo Económico y Deterioro Ecológico, Fundación Argentaria/Visor dist., Madrid.

Pearce, D.W., Atkinson, G.D. (1993) “Capital Theory and the measurement of sustainable development: an indicator of “weak” Sustainability”, Ecological Economics, Vol. 8, pp. 103–108.

Solow, R.M. (1992) “Sustainability: An Economist’s Perspective”, National Geographic Research and Exploration, Vol. 8, pp. 10–21.

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Master in Economics and Business Administration

Victor, P. A. (1991), “Indicators of sustainable development: some lessons from capital theory”, Ecological Economics, Vol. 4, pp. 191–213.

Wackernagel, M., Rees, W. (1997) “Perceptual and structural barriers to investing in natural capital: economics from an ecological footprint perspective”, Ecological Economics, Vol. 20 (1), pp. 3–24.

Units 4 and 5: Arrow, K.J., Cline, W.R., Mäler, K.J., Munashinghe, M., Stiglitz, J.E. (1995) “Intertemporal

Equity and Discounting” en Munashinghe, M. (ed), Global Climate Change: Economic and Policy Issues, World Bank Environment Paper, n. 12, Washington.

Bromley (1989) “Entitlements, missing markets and environmental uncertainty”, Journal of Environmental Economics and Management, Vol. 17, pp. 181–194.

Brown, P.G. (1998) “Towards an economics of stewardship: the case of climate”, Ecological Economics, Vol. 26, pp.11–21

Carlson, R. T. et al. (2003) “Contingent Valuation and Lost Passive Use: Damages from the

Exxon Valdez Oil Spill”, Environmental and Resource Economics, Vol. 25 (3), pp. 257–286.

Diamond, P.A., Hausman, J.A. (1994) “Contingent valuation: is some number better than no number?”, Journal of Economic Perspectives, Vol. 8, pp. 45–64.

Kahneman, D., J.L. Knetsch (1992) Valuing public goods: the purchase of moral satisfaction, Journal of Environmental Economics and Management, Vol. 22, n.1, pp. 57–70.

Kelman, S. (1981) “Cost Benefit Analysis: An Ethical Critique” (and answers of different authors), Regulation: AEI Journal on Government and Society, Vol. 5(1), pp. 33–40.

Kula, E. (1992), Economics of Natural Resources and the Environment, Chapman and may, Londres, Chap. 2.

Markandya, A., Pearce, D. (1988) “Natural environments and the social rate of discount”, Project Appraisal, Vol. 3, pp. 2–12.

Padilla, E. (2002) “Intergenerational equity and sustainability”, Ecological Economics, Vol. 41 (1), pp. 69–83.

Sterner, T. (1994) “Discounting in a World of Limited Growth”, Environmental and Resource Economics, Vol. 4, pp. 527–534.

Units 6 and 7: Baranzini, A., van den Bergh, J., Carattini, S., Howarth, R., Padilla, E., Roca, J. (2017) “Carbon

pricing in climate policy: Seven reasons, complementary instruments, and political-economy considerations”, WIREs Climate Change, Vol. 8(4), pp. 1–17.

Baumol W., Oates W. (1975). Theory Of Environmental Policy. Cambridge University Press. Hotelling, H., (1931) “The Economics of Exhaustible Resources”, Journal of Political

Economy, Vol. 22 (9), pp. 137–175. Krutilla, J.V. (1967) “Conservation reconsidered”, American Economic Review, Vol. LVII, pp.

778–786. Padilla, E., Roca, J. (2004) “The proposals for a European tax on CO2 and their implications

for intercountry distribution”, Environmental and Resource Economics, Vol. 27 (3), pp. 273–295.

Palmer, K., Oates, W.E., Portney, P.R. (1995) “Tightening Environmental Standars: The Benefit–Cost or the No-Cost Paradigm?”, The Journal of Economic Perspectives, Vol. 9 (4), pp. 119–132.

Porter, M., van der Linde, C. (1995) “Toward a New Conception of the Environment–Competitiveness Relationship”, The Journal of Economic Perspectives, Vol. 9 (4), pp. 97–118.

Schmalense, R., Joskow, P.L., Ellerman, A.D., Montero, J.P., Bailey, E.M. (1998) “An Interim Evaluation of Sulfur Dioxide Emissions Trading?”, Journal of Economic Perspectives, 12 (3), pp. 53–68.

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Master in Economics and Business Administration

Spash, C. L.(2010) “The Brave New World of Carbon Trading”, New Political Economy, Vol. 15 (2), pp. 169–195.

Unit 8: Dasgupta, S., Laplante, B. Wang, H., Wheeler, D. (2002) “Confronting the environmental

Kuznets curve”, Journal of Economic Perspectives, Vol. 16, pp. 147–168. Ekins, P. (1997) “The Kuznets curve for the environment and economic growth: examining

the evidence”, Environment and Planning A, Vol. 29, pp. 805–830. Roca, J., Padilla, E, (2003) “Emisiones atmosféricas y crecimiento económico en España: la

curva de Kuznets ambiental y el Protocolo de Kyoto”, Economía Industrial, n. 351, pp. 73–86.

Roca, J., Padilla, E., Farré, M., Galletto, V. (2001) “Economic Growth and Atmospheric Pollution

in Spain: Discussing the Environmental Kuznets Curve Hypothesis”, Ecological Economics,

Vol. 39 (1), pp. 85–99.

Stern, D.I., Common, M.S. and Barbier, E.B., (1996) “Economic growth and environmental degradation: the environmental Kuznets curve and sustainable development”, World Development, Vol. 24, pp. 1151–1160.

Unit 9: Azar, C. (1998) “Are Optimal CO2 Emissions Really Optimal?”, Environmental and Resource

Economics, Vol. 11 (3–4), pp. 301–315. Azar, C. (2000) “Economics and distribution in the greenhouse”, Climatic Change, Vol. 47,

pp. 233–238. Cline, W.R. (1992) The Economics of Global Warming. Institute for International Economics,

Washington, DC. IPCC (2001a) Climate Change 2001: The Scientific Basis: Contribution of Working Group I to

the Third Assessment Report of the Intergovernmental Panel on Climate Change. Cambridge University Press, Cambridge.

IPCC (2001b) Climate Change 2001: Impacts, Adaptation and Vulnerability. Contribution of Working Group II to the Third Assessment Report of the Intergovernmental Panel on Climate Change. Cambridge University Press, Cambridge.

IPCC (2001c) Climate Change 2001: Mitigation. Contribution of Working Group III to the Third Assessment Report of the Intergovernmental Panel on Climate Change. Cambridge University Press, Cambridge.

IPCC (2007) Climate Change 2007: The Physical Science Basis, Summary for Policymakers, Contribution of Working Group I to the Fourth Assessment Report of the Intergovernmental Panel on Climate Change. Cambridge University Press, Cambridge.

IPCC (2014) Climate Change 2014: Synthesis Report. Contribution of Working Groups I, II and III to the Fifth Assessment Report of the Intergovernmental Panel on Climate Change. IPCC, Geneva, Switzerland, 151 pp.

Nordhaus, W.D. (2007) “A Review of the “Stern Review on the Economics of Climate Change”, Journal of Economic Literature, Vol. 45 (3), pp. 686–702.

Nordhaus, W.D. (1993) “Reflections on the Economics of Climate Change”, The Journal of Economic Perspectives, Vol. 7 (4), pp. 11–25.

Padilla, E. (2004) “Climate Change, Economic Analysis and Sustainable Development”, Environmental Values, Vol. 13 (4), pp. 523–544.

Pearce, D., Cline, W.R., Achanta, A.N., Fankhauser, S., Pachauri, R.K., Tol, R.S.J. y Vellinga, P. (1996) The Social Costs of Climate Change: Damages and Benefits of Control, Intergovernmental Panel of Climate Change: Working Group III Report, Cambridge University Press, Cambridge.

Spash, C.L., (2007). “The economics of climate change impacts a la Stern: Novel and nuanced or rhetorically restricted?”, Ecological Economics, Vol. 63 (4), pp. 706–713.

Stern, N. (2006) Stern Review Report on the Economics of Climate Change; Cambridge University Press, Cambridge.

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Master in Economics and Business Administration

Module Public Policies

Subject Health Economics and Policy Analysis

Lecturers Pau Olivella

Year 2019-2020

Subject description The course will provide a broad overview of the field of health economics. It is designed to illustrate how economists analyze topics related to the production of health and the delivery of health care. The course will examine how standard concepts and methods in economics can be used to understand health-related decisions made by individuals, providers and health authorities. It will also study the application of economics to health care policy, with a focus on how economic analysis can assist in the development of market and non-market solutions to various health care problems.

We will focus on theories of microeconomics with specific applications to the health care system. Using economic analysis, the course will examine important health policy issues such as the integration of the health care delivery system, the role of government programs, the impact of competition and regulation on providers and patients, the design of health insurance plans, managed care, the value of health care, and strategies for containing health care costs and increasing access to health care. Particular attention will rely on the role of incentives in shaping the structure, conduct and performance of the health care sector.

Course contents

1. What is Health Economics 1.1 Differential characteristics of health economics 1.2 The organization of a health care system 1.3 Structure of a health care system

This chapter introduces the topic of health economics. Describes generically the elements of a health system, identifies the agents that participate in this system and their decision-making, and looks at the characteristics that make the sector subject of study within the economy.

2. Demand for health and health care 2.1 Value of life and quality of life 2.2 Demand for health

When individuals become ill, they demand health care services to recover their full capacity to develop their regular activities. This chapter examines the patient’s demands of health treatments and what are the elements determining such demand.

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Master in Economics and Business Administration

3. Health insurance 3.1 Basic concepts 3.2 Uncertainty and risk 3.3 Insurance

The occurrence of a sickness episode contains elements beyond the control of the very individual, but also it is conditioned by life habits. These circumstances are captured by the concepts of uncertainty and risk. At the same time, a sickness episode translates into a shock to the individual’s income. To cover against this shock, the individual has the possibility to purchase insurance. This chapter is devoted to study the relation between risk and insurance as well as the elements determining the decision to contract in partially durance.

4. Contracts and asymmetric information 4.1 The problem of information 4.2 Imperfect information and competition 4.3 Incentives in the health care sector 4.4 Asymmetric information and the conflict of objectives 4.5 Supplier-induced demand

One of the main features in the healthcare market place is the prevalence of asymmetric information between patients and providers, between patients and insurers, and between providers and insurers. This has important consequences in understanding the incentives of the different agents in their relations with other agents, and in their decision-making. This chapter is devoted to studying how agents can align their incentives through contracts.

5. Supply of health care 5.1 Production functions for hospitals 5.2 Cost functions for hospitals 5.3 The objective function of a hospital 5.4 Reimbursement systems

The chapter studies how providers of healthcare services determine their level of provision and quality. The focus relies mainly in the hospital decision-making. In particular, we identify different models of a hospital according to what objectives do agents in charge of decision making have.

6. For-profit and nonprofit organizations 6.1 Why do nonprofit organizations exist? 6.2 Modeling nonprofit organizations 6.3 What do nonprofit hospital maximize?

The presence of nonprofit institutions is a distinctive feature in the healthcare sector. Thus, the first question is to identify the differential characteristics of a nonprofit institution from a for-profit one. Next, we investigate the coexistence of nonprofit and for-profit institutions.

7. What is Health Policy This is an introductory chapter to the meaning and content of health care policy.

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Master in Economics and Business Administration

8. Competition and Regulation 8.1 Yardstick competition 8.2 Regulating the health care market

The chapter studies the main consequences of competition and the regulatory instruments, with a focus in the healthcare market.

9. Equity in health care 9.1 Equity in finance 9.2 Equity in distribution

Equity is probably the main normative question in the analysis of the healthcare marketplace. There are several definitions of equity and thus different policy instruments to achieve it. The chapter is devoted to revise these different approaches to the notion of equity. Attention is devoted to the criteria of financing and distribution as defining elements of equity.

10. The pharmaceutical industry 10.1 Vertical and horizontal differentiation between competing drugs 10.2 Regulation of the pharmaceutical market 10.3 Patents and R&D

In the chapter we review the interaction between producers (pharmaceutical firms), consumers (patients), payers (insurers, patients), consumers’ agents (doctors), and the planner (the health authority).

Assessment policy

Continuing evaluation (assignments, in-class presentations and participation): 15% of the final grade

Midterm written examination: 35% of the final grade Final evaluation (written exam): 50% of the final grade

IMPORTANT: To pass this course, students must attend at least 80% of the lectures (special cases, with appropriate justification, will be considered individually by the professors together with MEBA coordinators).

References

Main references Barros, P.P. and X. Martinez-Giralt, 2012, Health Economics. An Industrial Organization Perspective, New York, Routledge. Rolland, S., A.C. Goodman, and M. Stano, 2004, The Economics of Health and Health Care, Upper Saddle River, NJ, Prentice Hall.

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Master in Economics and Business Administration

Glied, S. and P.C. Smith (eds.), 2011, The Oxford Handbook of Health Economics, Oxford, Oxford University Press. Zweifel, P., F. Breyer and M. Kifmann, 2009, Health Economics, Springer, Berlin.

Complementary references Anderson, G. and P. Markovich, 2010, Multinational Comparisons of Health Systems Data, 2008, The Commonwealth Fund. Feldstein, P.J., 2002, Health Care Economics, Thomson, Delmar Learning, Clifton Park, NY. Jones, A.M. (ed.), 2006, Elgar Companion to Health Economics, Cheltenham, Edward Elgar. OECD, 2010, Health Policy Studies - Improving Value in Health Care: Measuring Quality, OECD Publishing. OECD, 2010, Health Policy Studies - Value for Money in Health Spending, OECD Publishing. OECD, 2011, Economic Policy Reforms 2011: Going for Growth, OECD Publishing, Chapter 6. Olivella, Pau, 2018, “Healthcare and Health Insurance Markets” in The Handbook in Game Theory and Industrial Organization, eds. Marco Marini and Luis Corcho n, Edgar Elgar. Olivella, Pau, 2016, “Why Do People Buy Private Health Insurance in the Presence of a Public Option”, Els Opuscles del CREI N. 41, Universitat Pompeu Fabra, Barcelona. Phelps, C.E., 1992, Health Economics, Harper Collins, New York. Puig-Junoy, Jaume, 2013, Paying for Free Healthcare. The role of prices in our healthcare decisions, (e-book), Barcelona, Los libros del lince.

Contact information

Name e-mail Department Office Phone

Pau Olivella [email protected] Economia i H.E. B3-1108 93 581 2369