Course description
The course aims at providing a macroeconomic model for the joint determination of equilibrium income, employment, interest rate, and inflation in a given economy.
The course intends to provide some theoretical schemes needed to follow and interpret the dynamics of the main national and international macroeconomic variables.
Students are expected to be proficient with macroeconomic modelling.
Frontal lectures.
If frontal lectures could not be provided given the current Covid-emergency, on-line lectures will be provided as recently established by the Economics Department Council.
See also Aulaweb for the latest updates during the academic year.
Part I: Definition of income, interest rate, unemployment rate and inflation rate.
Part II: The goods market
Part III: Financial markets
Part IV: The IS-LM model
Part V: The extended IS-LM model
Part VI: The labour market
Part VII: The Phillips curve
Part VIII: The IS-LM-PC model
Part IX: The economic crisis induced by Covid
Blanchard O., Amighini A. and F. Giavazzi, Scoprire la macroeconomia, Vol. 1, Mulino Ed. 2021, ISBN 978-88-15-29016-8.
Further teaching material will possibly provided during the lectures.
Ricevimento: By appointment, send an e-mail to guerrazzi@economia.unige.it
MARCO GUERRAZZI (President)
Sem. II
February 2022 - May 2022
MACROECONOMICS B
Written assessment.
Written exam with questions mostly focused on theoretical issues.
Attendance
Not required.