OVERVIEW

The course aims at introducing the determinants of the main economic aggregates such as output (GDP), unemployment, inflation and interest rates.

AIMS AND CONTENT

LEARNING OUTCOMES

The course intends to provide some theoretical schemes needed to follow and interpret the dynamics of the main national and international macroeconomic variables.

AIMS AND LEARNING OUTCOMES

At the end of the lectures, students are assumed to be proficient with macroeconomic modelling and in evaluating fiscal and monetary policies.

PREREQUISITES

Students are supposed to be familiar with the resolution of first-order equations.

TEACHING METHODS

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.

SYLLABUS/CONTENT

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

RECOMMENDED READING/BIBLIOGRAPHY

The textbook is the following:
Blanchard, O., Amighini, A., Giavazzi, F. (2024), Macroeconomia: una prospettiva europea (ISBN: 978-88-15-38981-7), edizioni Il Mulino.

TEACHERS AND EXAM BOARD

LESSONS

LESSONS START

Lectures will be given in the second semester.
 

Class schedule

The timetable for this course is available here: Portale EasyAcademy

EXAMS

EXAM DESCRIPTION

The exam is given by a written assessment with open questions and numerical/analytical exercises.

ASSESSMENT METHODS

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

The program of the course is the same for attending and non-attending students.

Any additional information will be provided during lectures and on Aulaweb.