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ECONOMIC POLICY

CODE 60066
ACADEMIC YEAR 2022/2023
CREDITS
  • 9 cfu during the 2nd year of 8699 ECONOMIA E COMMERCIO(L-33) - 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):
    • Economics 8699 (coorte 2021/2022)
    • MICROECONOMICS 41126
    • MACROECONOMICS 55648
    TEACHING MATERIALS AULAWEB

    OVERVIEW

    Course description

    The course aims to deal with the role and the effects of fiscal and monetary policy in a modern industrialized economy

    AIMS AND CONTENT

    LEARNING OUTCOMES

    The course aims to deal with the role and the effects of fiscal and monetary policy in a modern industrialized economy

    AIMS AND LEARNING OUTCOMES

    The student will be able to know and understand the basic theory concerning the Goverment's and Central Banks' intervention on the economy. Moreover, the student should have the skills to solve practical problems, emphasizing the tradeoffs often stemming from each economic choice.

    PREREQUISITES

    To take the exam, it is compulsory to have passed Macroeconomics and Microeconomics

    TEACHING METHODS

    The lectures closely follows eleven chapters from Blanchard, Macroeconomics (latest edition). Besides that, each week I will post on aulaweb newspaper articles (whose comprehension will be tested in the exam and that may give up to three additional points in the final assessment) and numerical exercises.

    SYLLABUS/CONTENT

     

    1. The Long Run

    The Facts of Growth

    Saving, Capital Accumulation, and Output

    Technological Progress and Growth

    Technological Progress: The Short, the Medium, and the Long Runs

    2. Expectations

    Financial Markets and Expectations

    Expectations, Consumption, and Investment

    Expectations, Output, and Policy

    3. The Open Economy

    Openness in Goods and Financial Markets

    The Goods Market in an Open Economy

    Output, the Interest Rate, and the Exchange Rate

    Exchange Rate Regimes

    4. Back to Policy

    Fiscal Policy: A Summing Up

    Monetary Policy: A Summing Up

    5. The economic consequences of the pandemic

    RECOMMENDED READING/BIBLIOGRAPHY

    Blanchard, Macroeconomics, latest edition (2020)

    TEACHERS AND EXAM BOARD

    Exam Board

    GABRIELE CARDULLO (President)

    ANNA BOTTASSO

    MARCO MAZZOLI

    LESSONS

    LESSONS START

    Sem: 1°

    mid sept. 2022

    Class schedule

    ECONOMIC POLICY

    EXAMS

    EXAM DESCRIPTION

    Written exam. The student is required to answer three questions (one quantitative, the other two qualitiative). There is a fourth, not compulsory, question about one of the readings I will put on aulaweb each week.

    ASSESSMENT METHODS

    see the aulaweb page

    Exam schedule

    Date Time Location Type Notes
    11/01/2023 13:30 GENOVA Scritto
    25/01/2023 13:30 GENOVA Scritto
    08/02/2023 13:30 GENOVA Scritto
    05/06/2023 13:30 GENOVA Scritto
    19/06/2023 13:30 GENOVA Scritto
    03/07/2023 13:30 GENOVA Scritto
    13/09/2023 13:30 GENOVA Scritto

    FURTHER INFORMATION

    Attendance

    Not complusory but strongly suggested