OVERVIEW

AIMS AND CONTENT

LEARNING OUTCOMES

The course aims to deal with the role and the effects of fiscal and monetary policy in a modern industrialized economy

AIMS AND LEARNING OUTCOMES

The student will be able to know and understand the basic theory concerning the Goverment's and Central Banks' intervention on the economy. Moreover, the student should have the skills to solve practical problems, emphasizing the tradeoffs often stemming from each economic choice.

PREREQUISITES

To take the exam, it is compulsory to have passed Macroeconomics and Microeconomics

TEACHING METHODS

The lectures closely follows eleven chapters from Blanchard, Macroeconomics (latest edition). Besides that, each week I will post on aulaweb newspaper articles (whose comprehension will be tested in the exam and that may give up to three additional points in the final assessment) and numerical exercises.

SYLLABUS/CONTENT

1. The Long Run

The Facts of Growth

Saving, Capital Accumulation, and Output

Technological Progress and Growth

Technological Progress: The Short, the Medium, and the Long Runs

2. Expectations

Financial Markets and Expectations

Expectations, Consumption, and Investment

Expectations, Output, and Policy

3. The Open Economy

Openness in Goods and Financial Markets

The Goods Market in an Open Economy

Output, the Interest Rate, and the Exchange Rate

Exchange Rate Regimes

4. Back to Policy

Fiscal Policy: A Summing Up

Monetary Policy: A Summing Up

5. The economic consequences of the pandemic

RECOMMENDED READING/BIBLIOGRAPHY

Blanchard, Macroeconomics, latest edition (2020)

TEACHERS AND EXAM BOARD

Exam Board

GABRIELE CARDULLO (President)

ANNA BOTTASSO

MARCO MAZZOLI

LESSONS

LESSONS START

Sem: 1°

mid sept. 2021

Class schedule

ECONOMIC POLICY

EXAMS

EXAM DESCRIPTION

Written exam. The student is required to answer three questions (one quantitative, the other two qualitiative). There is a fourth, not compulsory, question about one of the readings I will put on aulaweb each week.

ASSESSMENT METHODS

see the aulaweb page

Exam schedule

FURTHER INFORMATION