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MACROECONOMICS

CODE 57133
ACADEMIC YEAR 2022/2023
CREDITS
  • 9 cfu during the 2nd year of 11161 SCIENZE DELL'AMMINISTRAZIONE E DELLA POLITICA (L-16) - GENOVA
  • 10 cfu during the 2nd year of 8768 SCIENZE INTERNAZIONALI E DIPLOMATICHE (L-36) - GENOVA
  • SCIENTIFIC DISCIPLINARY SECTOR SECS-P/02
    LANGUAGE Italian
    TEACHING LOCATION
  • GENOVA
  • SEMESTER 1° Semester
    PREREQUISITES
    Prerequisites
    You can take the exam for this unit if you passed the following exam(s):
    • International and Diplomatic Sciences 8768 (coorte 2021/2022)
    • MICROECONOMICS 56962
    • POLITICAL SCIENCE AND ADMINISTRATION 8776 (coorte 2021/2022)
    • MICROECONOMICS 57027
    • ADMINISTRATIVE AND POLITICAL SCIENCES 11161 (coorte 2021/2022)
    • MICROECONOMICS 57027
    Prerequisites (for future units)
    This unit is a prerequisite for:
    • International and Diplomatic Sciences 8768 (coorte 2021/2022)
    • INTERNATIONAL ECONOMICS 73599
    TEACHING MATERIALS AULAWEB

    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

    LEARNING OUTCOMES

     

    The course provides the basic tools for understanding economic policies, in particular monetary and fiscal policies. The aim is to offer adequate preparation on the fundamental themes of macroeconomic analysis: fluctuations in income and employment and the role of stabilization policies, the causes of inflation and the determinants of economic growth.

    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

    The course consists of lectures, for a total of 60 hours (10 CFU) aimed at explaining the main notions of Macroeconomics. Graphs will be used, all of which will be explained and constructed in class. This explains the importance of attending classes.

    The slides of the course, together with exercises to prepare the exams, will be uploaded on Aulaweb.

    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.

    G.B. Pittaluga e E Seghezza, Building Trust in the International Monetary System. Springer, 2021.

    TEACHERS AND EXAM BOARD

    Exam Board

    ELENA SEGHEZZA (President)

    FABRIZIO GAZZO

    ARIANNA AIMAR (Substitute)

    ALESSIA BRUZZO (Substitute)

    LUIGI ODDO (Substitute)

    GIOVANNI BATTISTA PITTALUGA (Substitute)

    ANDREA VINDIGNI (Substitute)

    LESSONS

    LESSONS START

    First semester, in the week starting September 12.

    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

    Date Time Location Type Notes
    16/12/2022 11:00 GENOVA Scritto
    17/01/2023 11:00 GENOVA Scritto
    06/02/2023 11:00 GENOVA Scritto
    23/05/2023 14:00 GENOVA Scritto
    13/06/2023 11:00 GENOVA Scritto
    11/07/2023 11:00 GENOVA Scritto

    FURTHER INFORMATION

    Assiduous frequancy and consultation of the aula web.

    Exams on TEAMS: Esami Dispo, find57133 Politica Economica

    Classes on TEAMS: Politica Economica  code: pqup2xz