OVERVIEW

The course is an introduction to the study of macroeconomics. It covers the main issues, methods, data, concepts and models.
Students will be able and motivated to follow and understand the current debates on macroeconomic issues, as they are reported by the qualified press and media. A special focus will be on understanding and debating the appropriateness of the macroeconomic policies adopted in the Great Recession.
 

AIMS AND CONTENT

AIMS AND LEARNING OUTCOMES

At the end of the course, the student will have acquired a fundamental knowledge of all the major themes of modern macroeconomic equilibrium theory in the long-run.

PREREQUISITES

The course assumes a basic knowledge of microeconomics, such as the theory of the consumer, producer theory, and the foundations of mathematical analysis.

TEACHING METHODS

lectures and exercises

SYLLABUS/CONTENT

Introduction: course syllabus and scope. Definition of GDP.

Aggregate supply and effective demand. Equilibrium

Consumption, Investment, Government Expenditure

Savings and Investment

Money supply and money demand

Financial markets. The Central Bank

The IS and LM curves: meaning and warnings

Financial markets

The labour market. The bargaining process

The price level

The short-run and long-run: what these terms mean

The aggregate supply and aggregate demand curves

The Phillips curve and inflation

The Okun’s law

The long-run theory: the aggregate production function and steady states

Expectations: nominal and real interest rates

The open economy

Capital movements

The exchange rate and exchange rate regimes

RECOMMENDED READING/BIBLIOGRAPHY

MANKIW G. e TAYLOR M., Macroeconomia, Zanichelli, Bologna,  latest edition.

E Seghezza, L'evoluzione del sistema monetario internazionale. Il ruolo della domanda di innovazioni e della produzione di fiducia, Rubettino Università.

TEACHERS AND EXAM BOARD

Exam Board

FABRIZIO GAZZO (President)

ELENA SEGHEZZA (President)

ARIANNA AIMAR

ALESSIA BRUZZO

LUIGI ODDO

GIOVANNI BATTISTA PITTALUGA

ANDREA VINDIGNI

LESSONS

LESSONS START

Second semester

Class schedule

MACROECONOMICS

EXAMS

EXAM DESCRIPTION

Written and oral exam

ASSESSMENT METHODS

At the end of the course, the student will have acquired a fundamental knowledge of all the major themes of modern macroeconomic equilibrium theory in the long-run.

Exam schedule

FURTHER INFORMATION

Assiduous frequancy and consultation of the aula web.