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CODE 57133
ACADEMIC YEAR 2022/2023
CREDITS
SCIENTIFIC DISCIPLINARY SECTOR SECS-P/02
LANGUAGE Italian
TEACHING LOCATION
  • GENOVA
SEMESTER 1° Semester
PREREQUISITES
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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

Data Ora 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