The course aims to teach students about the economics of transition and resilience. The focus will be on understanding the relevant phenomena and discuss the importance of resilience at the individual, firm (micro) and economy wide (macro) level as well as understand why rationally bounded agents and competitive markets cause resilience to be less than efficient. The course results in students designing feasible policies and institutional reforms that can promote resilience at one of the levels identified above.

The economics of Resilience and Transition is not a new field or set of established theories and methods that we can teach or learn from a textbook. It is very much being created as we try to grapple with the challenges of building resilience while navigating a transition to a more sustainable economy. Therefore, in this course, you will work on a challenge, provided by the European Commission's DG ECFIN, unit Economics of Transition and Resilience. This current and real world policy challenge is our guide throughout the course. You will work on a preparing a policy brief for the Commission and will conclude the course presenting it in Brussels. In the course of this project, you will revisit and refresh a lot of your economics pre-knowledge and seek to apply this in a specific case. You will learn that there is a lot we do not know and work on filling in these knowledge gaps. The course combines an exiting group project with an individual learning journey, where you get a chance to apply what you have learned creatively and present the results professionally.

To be determined