The modern global context has generated transformations in all sub-national contexts such as cities and regions. The theoretical models usually used by the mainstream economics are not able to fully interpret the impacts of these transformations. New theoretical models have been proposed to understand these changes; these models introduce aspects of localization and agglomeration and, in particular, the role of space in the decisions of economic agents in a global context. The course aims to illustrate the theoretical and empirical models capable of understanding and interpreting the function of cities and regions in the global context and, specifically, the impact of globalization in these contexts. Local growth factors and ongoing debates on urban and regional policies will be analyzed. Following the current debate, the course will analyze the role of human capital for local growth and, more generally, issues related to the sustainability of territorial development, well-being, quality of life and the role of institutions for the performance of local economies
At the end of the course the student will acquire:
1) Knowledge and understanding: at the end of the course students will have the basic knowledge to understand the transformations and impacts of the global economy on cities and regions and to know the main ongoing debates on growth, development and urban and regional policies.
(2) Ability to apply knowledge and understanding: ability to discriminate and critically discuss the drivers of local growth and to identify the effects of public policies on the territory and on economic agents.
(3) Autonomy of judgment: development of critical capacity, retrieval and interpretation of data in order to support specific questions concerning the issues related to the discipline;
(4) Communication skills: ability to speak and present results using a scientific approach and through appropriate theoretical and empirical models.
(5) Learning skills: to develop skills of analysis, interpretation, critical analysis and advanced communication.