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MACROECONOMICS

CODE 55648
ACADEMIC YEAR 2023/2024
CREDITS
  • 6 cfu during the 1st year of 8697 ECONOMIA AZIENDALE(L-18) - GENOVA
  • 6 cfu during the 1st year of 8698 ECONOMIA DELLE AZIENDE MARITTIME, LOGISTICA E TRASP.(L-18) - GENOVA
  • 6 cfu during the 1st year of 11662 SCIENZE ECONOMICHE E FINANZIARIE (L-33) - GENOVA
  • SCIENTIFIC DISCIPLINARY SECTOR SECS-P/01
    LANGUAGE Italian
    TEACHING LOCATION
  • GENOVA
  • SEMESTER 2° Semester
    SECTIONING This unit is divided into 3 sections:
    PREREQUISITES
    Prerequisites
    You can take the exam for this unit if you passed the following exam(s):
    • Business Administration 8697 (coorte 2023/2024)
    • MICROECONOMICS 41126
    • Maritime, Logistics and Transport Economics and Business 8698 (coorte 2023/2024)
    • MICROECONOMICS 41126
    • Economics 8699 (coorte 2023/2024)
    • MICROECONOMICS 41126
    Prerequisites (for future units)
    This unit is a prerequisite for:
    • Business Administration 8697 (coorte 2023/2024)
    • ECONOMIC POLICY 64452
    • Maritime, Logistics and Transport Economics and Business 8698 (coorte 2023/2024)
    • TRANSPORT ECONOMICS 63739
    • Economics 8699 (coorte 2023/2024)
    • MARKET FORMS, PRICES, AND WAGES 64797
    • ECONOMIC POLICY 60066
    TEACHING MATERIALS AULAWEB

    OVERVIEW

    The course of Macroeconomics aims at providing a theoretical model for the joint determination of income, employment, interest rate, rate of unemployment and infation rate prevailing in a given economy, both in short and the medium run.

    AIMS AND CONTENT

    LEARNING OUTCOMES

    The course intends to provide some theoretical schemes needed to follow and interpret the dynamics of the main national and international macroeconomic variables.

    AIMS AND LEARNING OUTCOMES

    At the end of the course, students are expected to be proficient with macroeconomic modelling.

    PREREQUISITES

    The course of Macroeconomics requires a good background on mathematics with a special emphasis on the solution of linear equations. Students are also expected to be proficient with abstract reasoning.

    TEACHING METHODS

    The course of Macroeconomics is held through frontal lectures.
    If frontal lectures could not be provided, 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.
    In case of special requirements, students with disabilities and/or learning disabilities are requested to contact - at the beginning of the semester - the "Student Disability Services" and the teacher.

    SYLLABUS/CONTENT

    The syllabous of Macroeconomics is the following:

    I. Definition of income (GDP), interest rate, unemployment rate and inflation rate and their patterns over time
    II. The market for goods
    III. Financial markets
    IV. The IS-LM model
    V. The extended IS-LM model
    VI. The labour market
    VII. The Phillips curve
    VIII. The IS-LM-PC model
     

    The contents of the course are targeted to offer an equitable and quality education by aiming at providing the necessary tools for a proficient understanding of the policy interventions carried out by governements and monetary authorities.

    The syllabus of the course is the same for attending and non-attending students.

    RECOMMENDED READING/BIBLIOGRAPHY

    The textbook is the following:
    Blanchard, O., Amighini A., Giavazzi, F. (2020), Macroeconomia: una prospettiva europea (ISBN:978-88-15-28782-3 ) , edizioni Il Mulino.
    Further teaching material will be eventually suggested during the lectures.

    TEACHERS AND EXAM BOARD

    LESSONS

    LESSONS START

    Sem. II, February - May 

    Class schedule

    All class schedules are posted on the EasyAcademy portal.

    EXAMS

    EXAM DESCRIPTION

    The final assement of the course of Macroeconomics will be determinated through a written exam that will be the same for attending and non-attending students. The written test will collect open questions as well as numerical/analytical exercises. Any changes due to an emergency will be announced through aulaweb.
     

    ASSESSMENT METHODS

    The replies to the questions will be evaluated on the base of their correctness, the use of the proper language as well as the ability to reproduce the involved graphs/diagrams and on the base of the correctness of the results.

    Exam schedule

    Date Time Location Type Notes

    FURTHER INFORMATION

    Attending lecturers is not compulsory but strongly recommended. Students are wormly invited to register themselves to the aulaweb platform to receive information and download the teaching material provided by the teacher.