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 modelling and in evaluating fiscal and monetary policies.
Students are supposed to be familiar with the resolution of first-order equations.
The course is given through frontal lectures. Students who have valid certification of physical or learning disabilities and who wish to discuss possible accommodations or other circumstances regarding lectures, coursework and exams, should speak both with the instructor and with Professor Serena Scotto (scotto@economia.unige.it), the Department's disability liaison.
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 (ISBN:978-88-15-28782-3 ) , edizioni Il Mulino.
Ricevimento: Thursday 10:00 - 12:00 a.m. by appointment.
CONCETTA MENDOLICCHIO (President)
MARCO GUERRAZZI
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.
Any changes will be announced during the lectures and on Aulaweb.
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.
