The course aims at introducing the determinants of the main economic aggregates such as output (GDP), unemployment, inflation and interest rates
The course intends to provide some theoretical schemes needed to follow and interpret the dynamics of the main national and international macroeconomic variables.
At the end of the lectures, students are assumed to be proficient with macroeconomic modelling and in evaluating fiscal and monetary policies.
Microeconomics
Students are supposed to be familiar with the resolution of first-order equations.
Standard lectures plus additional classes of practice tutorials where mathematical exercises will be solved. The material covered during the tutorials may be part of the final exam.
Parte I: Definizione di reddito, tasso di disoccupazione, tasso di inflazione, tasso di interesse e tasso di inflazione.
I. The main topics of Macroeconomics: definition of output, unemployment and inflation rate
II. The market for goods
II. Financial markets
IV. The IS-LM model
V. The extended IS-LM model
VI. The labour market
VII. The Phillips curve, the natual rate of unemployement and the inflation rate
VIII. The IS-LM-PC model
Further indications will be eventually provided during the lectures
The textbook is the following:
Blanchard, O., Amighini, A., Giavazzi, F. (2020), Macroeconomia: una prospettiva europea, Il Mulino (ISSN: 978-88-15-28782-3).
Other material on AULAWEB
Ricevimento: Claudio A. Piga (claudio.piga@unige.it) Office Hours: TUESDAY 10.30 -12.30 (Teams or, prior appointment, in Office at DIEC)
CLAUDIO ANTONIO GIUSEPPE PIGA (President)
MARCO GUERRAZZI
MARCO MAZZOLI
Second Semester - February
Written exam with open-ended question and mathematical exercises.
Any changes will be announced during the lectures and on Aulaweb.
In case of special requirements, students with disabilities and/or learning disabilities are requested to contact - at the beginning of the semester - the "Student Disability Services" and the teacher.
