UNIVERSITÀ DEGLI STUDI DELL'AQUILA ECTS GUIDE COURSE CATALOGUE FACULTY OF ECONOMICS ************** Academic Year 2012/2013

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1 UNIVERSITÀ DEGLI STUDI DELL'AQUILA ECTS GUIDE COURSE CATALOGUE FACULTY OF ECONOMICS ************** Academic Year 2012/2013 Preliminary draft February Note: Courses, credits and schedules may be subject to change. 1

2 Table of contents Introduction to ECTS... 3 What are ECTS credits?... 4 Main characteristics of ECTS... 4 ECTS grades... 5 ECTS grades and the Faculty of Economics grading system... 6 The University of L Aquila... 7 Academic calendar... 8 The University of L Aquila International Office URI... 9 The International Office staff The Faculty of Economics Academic staff list List of Degree Programmes offered Admission and registration procedures Description of individual course units Useful Information How to reach L Aquila Accommodation and meals Software packages and service Sports facilities Cost of living Health and Insurance

3 Introduction to ECTS The European Community promotes interuniversity cooperation as a means of improving the quality of education for the benefit of students and higher education institutions, and student mobility is a predominant element of that interuniversity cooperation. The Erasmus programme clearly demonstrates that studying abroad can be a particularly valuable experience as it is not only the best way to learn about other countries, ideas, languages and cultures; increasingly it is also an important element in academic and professional career development. The recognition of studies and diplomas is a prerequisite for the creation of an Open European area of education and training where students and teachers can move without obstacles. That is why the European Credit Transfer System (ECTS) was developed in a pilot scheme established within the Erasmus programme as a means of improving academic recognition for study abroad. The external evaluation of ECTS has demonstrated the potential of the system and the European Commission has decided to include ECTS in its proposal for the Socrates programme, in particular in Chapter I on higher education (Erasmus). ECTS is now moving from its restricted pilot stage towards a much wider use as an element of the European dimension in higher education. ECTS provides an instrument to create transparency, to build bridges between institutions and to widen the choices available to students. The system makes it easier for institutions to recognize the learning achievements of students through the use of commonly understood measurements credits and grades and it also provides a means to interpret national systems of higher education. ECTS is based on three core elements: information (on study programmes and student achievement), mutual agreement (between the partner institutions and the student) and the use of ECTS credits (to indicate student workload). This Guide has been designed to help potential users of the European Credit Transfer System (ECTS) to implement the system in practice. The principal elements of ECTS are presented briefly as they have been developed, thoroughly tested and refined in the pilot scheme by 145 European universities from all Member States and EEA countries. 3

4 What are ECTS credits? ECTS credits are a numerical value (between 1 and 60) allocated to course units to describe the student workload required to complete them. They reflect the quantity of work each course unit requires in relation to the total quantity of work necessary to complete a full year of academic study at the institution, that is, lectures, practical work, seminars, tutorials, fieldwork, private study in the library or at home and examinations or other assessment activities. ECTS is thus based on a full student workload and not limited to contact hours only. ECTS credits are a relative rather than an absolute measure of student workload. They only specify how much of a year s workload a course unit represents at the institution or department allocating the credits. In ECTS, 60 credits represent the workload of an academic year of study and normally 30 credits for a semester and 20 credits for a term ECTS credits ensure that the programme will be reasonable in terms of workload for the period of study abroad. Main characteristics of ECTS As stated in the introduction, ECTS system is based on three core elements: information (on study programme and student achievement), mutual agreement (between the partner institutions and the student) and the use of ECTS credits (to indicate student workload). These three core elements are made operational through the use of three key documents: the information package, the application form/learning agreement and the transcript of records. Most of all, ECTS is made operational by students, teachers and institutions who want to make study abroad an integral part of the educational experience. In itself, ECTS in no way regulates the content, structure or equivalence of study programmes. These are issues of quality which have to be determined by the higher education institutions themselves when establishing a satisfactory basis for cooperation agreements, bilaterally or multilaterally. The code of good practice called ECTS provides those actors with tools to create transparency and to facilitate academic recognition The ECTS Information Package supplies students with written information on: staff departments and faculties 4

5 structure of studies, course units and modules The ECTS learning agreement covers the study programme and the ECTS credits to be awarded for its completion. It commits the home institution to guaranteeing full academic recognition of the credits gained abroad and the host institution to providing the agreed course units. Students participating in ErasmusSocrates exchange programmes will receive full credit recognition for all academic work successfully carried out at any participating institution. They will be able to transfer credits from one institution to another, as long as there is prior agreement on the content of study programmes abroad between the students and the institutions involved. The ECTS transcript of records (see appendix) shows students learning achievements in a way which is comprehensive, commonly understood and easily transferable from one institution to another. ECTS grades Examination results are usually expressed in grades. However, as many different grading systems coexist in Europe, the following ECTS grading scale has been developed to facilitate the translation of the grades awarded by host institutions to guest students: 5

6 ECTS grades and the Faculty of Economics grading system At the Faculty of Economics of the University of L Aquila, as elsewhere in Italy, students examination performance is assessed in marks, which range from a theoretical minimum of 0 for the poorest performance to a maximum of 30 for the best. In practice, however, only marks higher than or equal to 18 are actually awarded, since anything less than 18 means failure. The following table equates the Faculty s examination assessment system to the ECTS grading scale: 6

7 The University of L Aquila The University of L Aquila, established in 1459, became fully operational a century later under the control of the University of Naples. Its existence as an independent institution dates back to 1949, when the Faculties of Educational Sciences, Natural Sciences and Engineering were officially established. In the following years, the University experienced a remarkable period of growth both in size number of Faculties and postgraduate schools and academic prestige. At present, the University has seven Faculties: Economics Educational Sciences Engineering Letters and Philosophy Mathematics, Physics and Natural Science Medicine Sport Science Each Faculty offers a wide range of five, four and threeyear degree courses (Bachelor Level Degree Courses and Master Level Degree Courses) as well as postgraduate degree courses: MS, MA and PhD. For more detailed information visit the University website: 7

8 Academic calendar The academic year begins on 1st October and ends on 30th September of the following year, Faculties may, however, decide to anticipate the beginning and/or the end of the teaching activity they offer. The type of terms or teaching cycles adopted for courses are also decided upon by each Faculty and indicated in their Manifesto and in their students handbooks. Holidays: 1st November (All Saints Day) 8th December (Immaculate Conception) from the 23rd of December through the 7th of January Monday and Tuesday prior to Ash Wednesday from the Thursday before Easter to the following Tuesday 6th April (Day of Mourning in memory of the 6th April 2009 earthquake victims) 25th April (Liberation) 1st May (Labour Day) 2nd June (Anniversary of the Republic) 8

9 The University of L Aquila International Office URI The University of L Aquila International Office has the responsibility of all matters related to international students mobility: Enrollment application and student admission; Accommodation; Formalities; Student record enquiries; international relations finance and administration. All enquiries shall be addressed to: UFFICIO RELAZIONI INTERNAZIONALI Università dell Aquila Via Giovanni Falcone 25, Coppito L AQUILA Italy Tel. : Fax :

10 The International Office staff The International Exchange Coordinator: Anna Tozzi Tel. : The Head of the International Office: Fausta Ludovici Tel. : Other staff members : Marco Calabrese Annamaria Nardecchia Antonella Visca Tel Tel Tel The Faculty of Economics Erasmus Departmental Coordinator: Prof. Pasquale Lelio Iapadre Tel

11 The Faculty of Economics Since its establishment in 1990, the Faculty of Economics of the University of L Aquila has activated educational programmes closely linked to the main characteristics and demands of the local community. In the context of profound restructuring currently under way within the economic structure of central Italy, the Faculty of Economics has set up degree courses aimed at building and enhancing the insight and skills needed to fully grasp and manage this multifaceted process of transformation. Special focus is given to the corporate world with an indepth study of related legislation. The bond with the local environment and economy is evident in the various collaboration projects held with local government agencies, giving rise to specializingmaster courses in Public Administration. The international relations that the Faculty of Economics has been developing since its establishment are also worth mentioning. Among the numerous initiatives, some of the most important are: our exchange programmes within the SocratesErasmus framework; the Tempus Tacis Mobility Joint European Project which aims at fostering the retraining of teaching personnel and the mobility of students from the Siberian State University of Telecommunications and Information Sciences (Novosibirsk Russia), carried out in collaboration with the Universities of Bremen (Germany) and Leiden (Netherlands). General information Address: Via Giovanni Falcone 25, Coppito L AQUILA Italy Web Dean Prof. Fabrizio Politi Phone / Head Office Phone Fax

12 Student Registry Office Phone Fax Office hours: Mon. Wed. Fri. (10:00 a.m. 1:00 p.m.) Tues. Thurs. (2:30 4:00 p.m.) Academic staff list Full Professors: Fabrizio Berti Economia aziendale Lucio Biggiero Organizzazione aziendale Marco Castellani Metodi matematici dell'economia e delle scienze attuariali e finanziarie Pietro Lambertucci Diritto del lavoro Gaetanino Longobardi Diritto amministrativo Maurizio Maravalle Statistica Fabrizio Marinelli Diritto privato Margherita Mori Economia degli intermediari finanziari Marcella Mulino Politica economica Michele Pisani Economia aziendale Fabrizio Politi Diritto costituzionale Associate Professors: Paola Olimpia Achard Economia e gestione delle imprese Paola Antonello Economia politica Carla Barracchini Metodi matematici dell'economia e delle scienze attuariali e finanziarie Pasquale Lelio Iapadre Economia politica Umberto Triacca Econometria 12

13 Research Fellows: Fabio Ciaponi Economia aziendale Mimì Coccia Statistica Giuseppe Colavitti Diritto dell'economia Nadia Fiorino Scienza delle finanze Luisa Giallonardo Politica economica Massimiliano Giuli Metodi matematici dell'economia e delle scienze attuariali e finanziarie Walter Giulietti Diritto amministrativo Maria Claudia Ioannucci Diritto costituzionale Roberta Pace Finanza aziendale Alessia Sammarra Organizzazione aziendale Marco Valente Economia politica List of Degree Programmes offered Bachelorlevel degree courses: Business Legal Consultant Bachelor Level Degree Course Duration: 3 years Economics and Business Administration Bachelor Level Degree Course Duration: 3 years Masterlevel degree courses: Business Administration, Economics and Finance Master Level Degree Course Duration: 2 years 13

14 Admission and registration procedures Erasmus students wishing to study at the Faculty of Economics for one or two semesters must send their request to the International Office (URI). Once a request has been received, the Office will send out a copy of the Student Application Form. You will find a wide array of information on our website. At the page you will find attached the Application for Admission form and the ECTS Learning Agreement form. For those students who require it, the Erasmus Institution Code for the University of L Aquila is: I LAQUIL01 14

15 Description of individual course units 2 ANALISI DI BILANCIO (Balance analysis) Fabio Ciaponi st semester Reading List: 2 Note: Courses, credits and schedules may be subject to change. 15

16 ANALISI E GESTIONE DEI COSTI (Cost management) Course description: The course discusses the limitations of a traditional cost accounting system, and maps out contemporary key developments that have reshape the discipline. The main objective of the course is to develop a solid understanding of cost behavior, and the use of cost information for planning and control system. It highlights the role of cost management as an integral part of the organization's strategy, and not a set of individual concepts and computations. The focus is on explaining and using the major new techniques, practices and philosophies for strategic decisionmaking. Topics include: Activity Accounting and Activity Analysis; Life Cycle Costing (Target and Kaizen Costing); Nonfinancial Measures of Performance; Quality cost management; Just In Time systems. Francesca Mandanici

17 Written exam /English 1 st semester Reading List in English: BRIMSON J.A., 1991, Activity Accounting. An ActivityBased Costing Approach, John Wiley & Sons, Inc (chap. 1,2,3,4,5,7,8). KAPLAN R.S.ATKINSON A.A., 1989, Advanced Management Accounting, PrenticeHall International Editions (chap. 10,11). 17

18 BUSINESS FINANCE English To be defined 48 6 English 2 nd semester Reading List in English: 18

19 BUSINESS ORGANIZATION English To be defined 40 5 Oral exam English 1 st semester (2 nd term) Reading List in English: 19

20 CONTABILITA INTERNAZIONALE (International Accounting) EEC regulation n.1606/2002 of July 19, forces all the companies within the European Community to issue their Consolidated Financial Statements according to the international accounting principles (IAS/IFRES) starting from 2005, leaving to each member State the decision to allow or prescribe the adoption of the international accounting principles also for the Financial Statements of listed companies and for the Financial Statements and Consolidated Financial Statements of non listed companies. The ruler, with the Legislative Decree n. 38/2005, showed his will to extend the use of IAS/IFRS, which, for instance, will become mandatory also for the Financial Statements of listed companies starting from financial period closed or running during This course aims to teach the general principles of IAS/IFRS, the structure of Financial Statements Compliant with IAS/IFRS and the recognition and assessment rules provided by the new accounting principles for the key assets, through theoretical lessons, cases and pratical exercises. The theme of the transition to the new system of accounting principles will also be treated. Michele Pisani 72 9 Oral exam 20

21 2 nd semester Reading List in English: References regarding books, papers, reviews and specific web sites will be communicated at the beginning and during the course. Some material available on web site 21

22 CONTABILITA' PUBBLICA (Public accountancy) Walter Giulietti 48/72 6/9 1 st semester Reading List: 22

23 COST ACCOUNTING This course introduces cost terminology and flows, standard cost systems, relevant costing, budgeting, inventory control, capital asset selection, responsibility accounting, and performance measurement. Topics and Objectives: Introduction to Cost Accounting; Introduction to Cost Management Systems; Organizational Cost Flows; ActivityBased Cost Systems; Product and service costing: JobOrder System; Product and service costing: Process Systems Approach; Budgeting for Planning and Control; Standard Costing; Productivity Measurement and Control; CostVolumeProfit Analysis; Pricing and Profitability Analysis. English David Iagnemma

24 Written exam English 1 st semester (1 st term) Reading List in English: The teaching material will be provided to students by the professor. 24

25 DIRITTO AMMINISTRATIVO (Administrative Law) Gaetanino Longobardi st semester Reading List: 25

26 DIRITTO COMMERCIALE (Commercial Law) M. Cristina Cervale nd semester Reading List: 26

27 DIRITTO DEGLI ENTI LOCALI (Local Authorities' Law) Giovanni Di Pangrazio st semester Reading List: 27

28 DIRITTO DEGLI INTERMEDIARI FINANZIARI (Banking Law) The course will focus on the regulation of credit and bank savings as they are discussed in the Constitution. The course aims to provide students with the knowledge of the essential features of the current bank system as it relates to public interests and is supervised by the Bank of Italy. The classes will also include a seminar discussing current events and cases comprising the international financial market crisis of 2008 and the consequent regulatory response provided by the and the European legislation. Giuseppe Colavitti 48 6 Oral exam /English 2 nd semester Reading List in English: 28

29 DIRITTO DELLA CONCORRENZA (Competition Law) Fabrizio Politi st semester Reading List: 29

30 DIRITTO DELL ECONOMIA (Law on Economics) The course will focus on the study of the economic constitution as it is affected by the integration into the European Union and by the so called "globalization". The course is designed to provide a comprehensive overview of the fundamentals of jurisprudence with an emphasis on the relationship between economics and the law, and in particular the issue of economic freedom. The lectures will be formatted as seminars and will cover timely cases related to the regulation of free competition when it involves issues of public interest affected by economic processes. In addition the classes will include a seminar focused on the discussion of current events and specific caselaw regarding the consequences of economic competition on public interests. Giuseppe Colavitti 48/72 6/9 Oral exam Italia/English 30

31 2 nd semester Reading List in English: 31

32 DIRITTO DEL LAVORO (Labour Law) The course is designed to rebuild the regulation of subordinate work in the light of various judicial, doctrinaire and jurisdictional interventions. Therefore, particular attention will be given to the role played by the European law. The course aims to supply the tools for a historicalcritical interpretation of legal institutes. The course is studied in two units. FIRST UNIT: The subordinate work Topics: 1. The constitution and the extinction of subordinate work. 2. Subordination, selfemployment, special work. Flexible and formative contracts. 3. The professional classification. 4. Wages. 5. The safety regulation in the workplace. 6. Workers rights: working hours, holiday, dayoff, festivity. 7. The obligations: diligence and fidelity. 8. The leading and disciplinary power. 9. Stoppage of work. 10. The individual dismissal. 11. Productive decentralization and company crisis: abstract. 11. Workers guarantees. 13. Work relations in Public Administrations employ: abstract. SECOND UNIT: The legal consequences of company crisis and reorganization Topics: 1. The running of temporary excess of workers. 2. The running of structural excess of workers (collective dismissal) 3. Company transfer: notion and guardianships. Pietro Lambertucci

33 Oral exam 1 st semester Reading List: (First unit): F. CARINCI, R. DE LUCA TAMAJO, P. TOSI, T. TREU, Diritto del lavoro. 2. Il rapporto di lavoro subordinato, Utet, Torino, 2011 (Second unit): P. Lambertucci, Cassa integrazione guadagni, licenziamenti collettivi e mobilità, in G. Santoro PASSARELLI (a cura di), Diritto e processo del lavoro e della previdenza sociale, lpsoa. Milano A. PIZZOFERRATO, Trasferimento d azienda e rapporto di lavoro, in Trattato di diritto privato diretto da M. Bessone, Il lavoro subordinato a cura di F. Carinci, Tomo II, Giappichelli, Torino, 2007, 597 ss. Other readings suggested during the classes. 33

34 DIRITTTO DELL UNIONE EUROPEA (European Union Law) Community law and law of the Union. Genesis of the European Communities. From the Maastricht Treaty to the Constitution of the European Union. The institutional system of the European Union. The European Parliament. The European Council. The Council of the Union. The European Commission. The other Community institutions. The competences of the Community. The sources of European law. The activities of the Community institutions. The relationships between Community and national law. The role of the European Court of Justice. The citizens of the Union. The single market. The external relationships. The Community politics. Fabrizio Politi 48 6 Oral exam 2 nd semester 34

35 Reading List: Fabrizio Politi, Temi di Diritto dell Unione Eurapea, Giappichelli editore, Torino, R. Adam A. Tizzano, Lineamenti di Diritto dell Unione Europea, Giappichelli,

36 DIRITTO FALLIMENTARE (Bankruptcy Law) M. Cristina Cervale st semester Reading List: 36

37 DIRITTO INDUSTRIALE (Industrial Law) To be defined st semester Reading List: 37

38 DIRITTO PRIVATO (Private Law) Fabrizio Marinelli st semester Reading List: 38

39 DIRITTO REGIONALE (Regional Law) Fabrizio Politi st semester Reading List: 39

40 DIRITTO SINDACALE (Trade Union Law) Lina Del Vecchio st semester Reading List: 40

41 DIRITTO TRIBUTARIO (Tax Law) Francesco D'Ayala Valva nd semester Reading List: 41

42 ECONOMETRIA (Econometrics) The course introduces methods for analyzing univariate and multivariate economic time series. The following topics are included: autoregressive moving average (ARMA) and vector autoregressive (VAR) processes, stationarity, cointegration, specification, estimation, prediction. Course prerequisites: a good grasp of basic mathematical statistics and linear algebra is necessary for surviving the course. Umberto Triacca 72 9 Written exam /English 2 nd semester Reading List in English: Applied Econometric Time series W. Enders, Wiley

43 ECONOMETRIA DEI MERCATI FINANZIARI (Econometrics of Financial Markets) Umberto Triacca nd semester Reading List: 43

44 ECONOMIA AGRARIA (Agricultural Economics) To be defined st semester Reading List in English: 44

45 ECONOMIA AZIENDALE (Business Administration) Business Administration concerns businesses as legally recognized organizational entities existing within an economically free country designed to sell goods and/or services to consumers or other businesses, usually in an effort to generate profit. In predominantly capitalist economies, where most businesses are privately owned, businesses are typically formed to earn profit and increase their owners' personal wealth. The owners and operators of a business have, among their main objectives, the receipt or generation of a financial return in exchange for their work and their acceptance of risk. The principal topics of the course are: Business system; Business functional areas; Legal model and economic direction of business; Economic relations among businesses; Organization; Management; Accounting; Fabrizio Berti

46 Oral/Written exam 1 st semester Reading List: Francesco Giunta, Economia Aziendale, Cedam, Padova,

47 ECONOMIA DEGLI INTERMEDIARI FINANZIARI (Management of Financial Institutions) The role of banks and other financial institutions: mutual funds, insurance companies, retirement accounts, investment banks, private equity and venture capital companies, brokers and dealers. A comparison between the and the US banking industry. An overview of the most relevant regulation in the financial system. The financial crisis under way: features and possible solutions. Tools to be used by managing financial institutions: interest rates, exchange rates and associated Risks The case of efficient financial markets The European Central Bank and the Federal Reserve System Monetary policy and its effects on the banking industry Subset of financial markets: the stock exchange market and the bond market The balance of payments Risk management and the derivative market Prerequisites: Microeconomics I. Margherita Mori 48 47

48 6 Oral and written exam / Assignments English 1 st semester 48

49 ECONOMIA DEGLI SCAMBI INTERNAZIONALI (International Trade Economics) The main objective of this course is to allow students to understand the process of international economic integration and its impact on welfare, growth and income distribution in the trading countries. The first section of the course will survey the determinants and the effects of international trade in goods and services, migrations, and the role of multinational enterprises. The second section will be devoted to international trade policies and institutions. Different theoretical models will be presented, together with their policy implications and the available empirical evidence. Particular attention will be given to the debate on the multilateral trading system. P. Lelio Iapadre 48 6 Written exam /English 2 nd semester Reading List in English: 49

50 R. Feenstra and A. Taylor, International Trade, Freeman and Co., New York, 2008 (chapter 10 excluded). D. BenDavid, H. Nordström and A. Winters, Trade, Income Disparity and Poverty, World Trade Organization Special Studies, 5, available at: 50

51 ECONOMIA DEL LAVORO (Labour Economics) The course approaches labour economics with an economic and statisticaleconomic point of view. The topic is analyzed considering at first agents, different kinds of markets and institutions. Furthermore both labour demand and supply determinants and the conditions leading labour market to the equilibrium are considered. Starting from the labour market operating in the presence of perfect competition, the analysis is then conducted considering the labour market behaviour also in the presence of frictions. It is pointed out how institutions, rules, laws and policies deals with market failures. The topic is also studied using an empirical approach. Francesca Tironi 48 6 Written exam English 2 nd semester Reading List in English: Borjas, Labour Economics 5 th edition, McGraw Hill 51

52 ECONOMIA DEL MERCATO MOBILIARE (Economics of Securities Market) The role of capital markets and their operating rules Shares and bonds: assessment models Maturity and marketability Risk evaluation and management Asset allocation and portfolio selection The capital asset pricing model The arbitrage pricing theory The structure and organization of the securities market in Italy Futures, options and swaps: an overview of their technicalities and market segments Immunization and other risk management strategies Margherita Mori

53 Oral exam / Assignments 2 nd semester (1 st term) 53

54 ECONOMIA DELL AMBIENTE (Environmental Economics) Environmental Economics lectures are devised for postgraduate, masterdegree students, who are already familiar with the fundamental concepts and tools of micro and macroeconomic analysis. The course level is intermediate and students also need to be familiar with the basic tools of mathematics and statistics. It is articulated in two modules: Module 1 (6 credits) deals with the following themes: A brief history of environmental and ecological economic thought; Exogenous growth theory and sustainability; The economic approach to environmental valuation; The ecological approach to environmental evaluation; Frameworks for decisionmaking: CostBenefit analysis vs. MultiCriteria appraisal; Pollution control; Resource harvesting; Uncertainty and conservation. Module 2 (3 credits) aims at providing a deeper insight of selected, Module 1 topics, in particular: Endogenous growth theory and sustainability; Social MultiCriteria evaluation; Pollution control, Kyoto protocol and the emergence of an international carbon market; Institutional aspects of green governance. Paola Antonello 54

55 48/72 6/9 Oral exam: At the end of the course, students have to take an oral exam. They can choose either to be examined on the content of module 1 only, hereby validating only 6 credits, or to be examined on the entire course content, hereby validating 9 credits. /English 1 st semester Reading List: EdwardsJones, G., Davies, B., Hussain, S. (2000) Ecological Economics an Introduction, Blackwell. Tietenberg, T. (2004) Environmental Economics and Policy, Addison Wesley. Aghion, P. e Howitt, P. (1999) Endogenous Growth Theory, MIT Press, chapters 1 and 5. Arrow, K.J. e Raynaud, H. (1986) Social Choice and Multicriterion Decision Making, MIT Press. Munda, G. (2008) Social MultiCriteria Evaluation for a Sustainable Economy, Springer, Cicigoi, E, e Fabbri, P. (2007) Mercato delle emissioni ed effetto serra, Il Mulino, chapters 1, 3 and 4. Agarwal, B. (2010) Gender and Green Governance, Oxford University Press. Ostrom, E. (1990) Governing the Commons, Cambridge University Press, chapter 1. 55

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