|SCIENTIFIC DISCIPLINARY SECTOR||SECS-P/01|
|SECTIONING||This unit is divided into 3 sections:|
Prerequisites (for future units)
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.
The course intends to provide some theoretical schemes needed to follow and interpret the dynamics of the main national and international macroeconomic variables.
At the end of the course, students are expected to be proficient with macroeconomic modelling.
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.
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.
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.
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.
Office hours: Thursday 10:00 - 12:00 a.m. by appointment.
Sem. II, February - May
All class schedules are posted on the EasyAcademy portal.
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.
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.
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.