CODE 60066 ACADEMIC YEAR 2025/2026 CREDITS 9 cfu anno 2 SCIENZE ECONOMICHE E FINANZIARIE 11662 (L-33) - GENOVA SCIENTIFIC DISCIPLINARY SECTOR SECS-P/02 LANGUAGE Italian TEACHING LOCATION GENOVA SEMESTER 1° Semester PREREQUISITES Propedeuticità in ingresso Per sostenere l'esame di questo insegnamento è necessario aver sostenuto i seguenti esami: Economics 8699 (coorte 2024/2025) MICROECONOMICS 41126 2024 MACROECONOMICS 55648 2024 TEACHING MATERIALS AULAWEB OVERVIEW Course description The course aims to deal with the role and the effects of fiscal and monetary policy in a modern industrialized economy AIMS AND CONTENT LEARNING OUTCOMES The course aims to deal with the role and the effects of fiscal and monetary policy in a modern industrialized economy AIMS AND LEARNING OUTCOMES The student will be able to know and understand the basic theory concerning the Goverment's and Central Banks' intervention on the economy. Moreover, the student should have the skills to solve practical problems, emphasizing the tradeoffs often stemming from each economic choice. PREREQUISITES To take the exam, it is compulsory to have passed Macroeconomics and Microeconomics TEACHING METHODS The lectures closely follows eleven chapters from Blanchard, Macroeconomics (latest edition). Besides that, each week I will post on aulaweb newspaper articles (whose comprehension will be tested in the exam and that may give up to three additional points in the final assessment) and numerical exercises. SYLLABUS/CONTENT 1. The Long Run The Facts of Growth Saving, Capital Accumulation, and Output Technological Progress and Growth Technological Progress: The Short, the Medium, and the Long Runs 2. Expectations Financial Markets and Expectations Expectations, Consumption, and Investment Expectations, Output, and Policy 3. The Open Economy Openness in Goods and Financial Markets The Goods Market in an Open Economy Output, the Interest Rate, and the Exchange Rate Exchange Rate Regimes 4. Back to Policy Fiscal Policy: A Summing Up Monetary Policy: A Summing Up 5. The economic consequences of the pandemic RECOMMENDED READING/BIBLIOGRAPHY Blanchard, Macroeconomics, latest edition (2024) TEACHERS AND EXAM BOARD GABRIELE CARDULLO Ricevimento: Thursday 16:30 LESSONS LESSONS START Sem: 1° mid sept. 2025 Class schedule The timetable for this course is available here: Portale EasyAcademy EXAMS EXAM DESCRIPTION Written exam. The student is required to answer three questions (one quantitative, the other two qualitiative). There is a fourth, not compulsory, question about one of the readings I will put on aulaweb each week. ASSESSMENT METHODS The written exam (in which both theoretical (open-ended) and numerical questions are present) aims to assess not only the level of understanding of the main macroeconomic phenomena analyzed, but also the ability to solve practical problems based on what has been studied. FURTHER INFORMATION Contact the professor for futher information. Attendance Not complusory but strongly suggested Agenda 2030 - Sustainable Development Goals No poverty Decent work and economic growth Reduce inequality