The teaching unit provides a general overview of macroeconomic topics and the role of public intervention in the economy, as part of the overall educational path.
The course aims to deal with the role and the effects of fiscal and monetary policy in a modern industrialized economy
Expected learning outcomes (Dublin descriptors): 1. Knowledge and understanding: The student will be able to describe and explain the effects of public intervention in the economy, in light of the historical experience of the last thirty years, using appropriate terminology. 2. Applying knowledge and understanding: The student will be able to apply the macroeconomic models studied to analyse current problems, formulating hypotheses about causes and possible solutions in real-world contexts. 3. Making judgements: The student will be able to independently evaluate the implications of economic policies in different application contexts. 4. Communication skills: The student will be able to communicate clearly and unambiguously, using the technical language of the discipline, with both specialists and non-specialists. 5. Learning skills: The student will be able to autonomously deepen the main topics of the discipline, especially in professional contexts.
To take the exam, it is compulsory to have passed Microeconomics and Macroeconomics. A good knowledge of the basic principles of a market economy is also recommended.
Lectures for a total of 72 hours.
Numerical exercises and discussions of current newspaper articles posted on Aulaweb are included. Materials and communications will be available on Aulaweb.
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 Elena Lagomarsino elena.lagomarsino@unige.it, the Department's disability liaison.
1. Growth: main factors; saving, capital accumulation, and output; technological progress and growth (short, medium, and long run). 2. Expectations: financial markets and expectations; expectations, consumption, and investment; expectations, output, and policy. 3. The open economy: short- and medium-term effects; the goods market in an open economy; exchange rate and exchange rate regimes. 4. Public debt and the role of economic policy. 5. Monetary and fiscal policy: rules and constraints. 6. Europe as an optimal currency area.
Blanchard, Amighini, Giavazzi, Macroeconomics, latest edition (2024).
Additional materials and readings will be indicated on Aulaweb. In case of difficulty in finding the texts, please contact the professor.
Ricevimento: GABRIELE CARDULLO: Thursday at 16:30. It is possible to arrange an appointment at other times by e-mail.
GABRIELE CARDULLO (President)
ANNA BOTTASSO
MARCO MAZZOLI
Semester: 1st Lectures will tentatively start in mid-September 2025. For the exact date, please refer to the official course calendar: https://economia.unige.it/calendario-didattico
The timetable for this course is available here: EasyAcademy
Written exam consisting of one quantitative exercise, two open-ended theoretical questions, and one optional question on one of the additional readings published on Aulaweb. No skipping of exam sessions is allowed.
The written exam, consisting of both theoretical (open-ended) and numerical questions, aims to assess: mastery of technical language, understanding of the main macroeconomic phenomena analyzed, and the ability to solve practical problems. Each learning outcome will be verified through specific questions, evaluating clarity of exposition, correct terminology, and analytical skills.
For further information not included in the teaching unit description, please contact the professor. Attendance is not compulsory but strongly recommended.
