The course aims at introducing the determinants of the main economic aggregates such as output (GDP), unemployment, inflation and interest rates
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 lectures, students are assumed to be proficient with macroeconomic modeling and in evaluating fiscal and monetary policies.
Studentts are supposed to be familiar with the resolution of first-order equations.
The course is given through frontal lectures
The syllabus of the course is the following:
I. The main topics of Macroeconomics: definition of output, unemployment and inflation rate
II. The market for goods
II. Financial markets
IV. The IS-LM model
V. The extended IS-LM model
VI. The labour market
VII. The Phillips curve, the natual rate of unemployement and the inflation rate
VIII. The IS-LM-PC model
Further indications will be eventually provided during the lectures
The textbook is the following:
Blanchard, O., Amighini, A., Giavazzi, F. (2020), Macroeconomia: una prospettiva europea, Il Mulino (ISSN: 978-88-15-28782-3).
Ricevimento: By appointment, send an e-mail to guerrazzi@economia.unige.it
MARCO GUERRAZZI (President)
CONCETTA MENDOLICCHIO
Lectures will be given in the second semester
The exam is given by a written assessment with open questions and numerical/analytical exercises
The answers to the open questions and the solutions of the numerical/analytical exercises will be evaluated according to their correctness by considering also a proper use of the technical language typical of the subject.
Further information will be eventually provided during the lectures.
