CODE 57133 ACADEMIC YEAR 2022/2023 CREDITS 9 cfu anno 2 SCIENZE DELL'AMMINISTRAZIONE E DELLA POLITICA 11161 (L-16) - GENOVA 10 cfu anno 2 SCIENZE INTERNAZIONALI E DIPLOMATICHE 8768 (L-36) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/02 LANGUAGE Italian TEACHING LOCATION GENOVA SEMESTER 1° Semester PREREQUISITES Propedeuticità in ingresso Per sostenere l'esame di questo insegnamento è necessario aver sostenuto i seguenti esami: International and Diplomatic Sciences 8768 (coorte 2021/2022) MICROECONOMICS 56962 2021 POLITICAL SCIENCE AND ADMINISTRATION 8776 (coorte 2021/2022) MICROECONOMICS 57027 2021 ADMINISTRATIVE AND POLITICAL SCIENCES 11161 (coorte 2021/2022) MICROECONOMICS 57027 2021 Propedeuticità in uscita Questo insegnamento è propedeutico per gli insegnamenti: 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 ELENA SEGHEZZA Ricevimento: Wednesday, 12.00 to 14.00 in the teacher's office located on the 5th floor of the West Tower in the Albergo dei Poveri, Piazzale Brignole 3 canc.. However, because of the pandemia, until further notice, office hours are held on the same day and at the same time via TEAMS, on the channel "Ricevimento SEGHEZZA", code o7oxqsu. In order to avoid overlaps and waits, please notify your request for an appointment in advance by email to seghezza@unige.it 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 Data appello Orario Luogo Degree type Note 17/01/2023 11:00 GENOVA Scritto 01/02/2023 11:00 GENOVA Scritto 22/05/2023 09:00 GENOVA Scritto 13/06/2023 11:00 GENOVA Scritto 11/07/2023 11:00 GENOVA Scritto 13/09/2023 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
