The teaching unit of Macroeconomics provides an interpretative framework for the determination of the main macroeconomic aggregates such as gross domestic product (GDP), inflation rate, unemployment rate, and interest rate.
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 teaching unit, the student will be able to: - Apply integrated macroeconomic models to determine the main national economic aggregates, by solving numerical and analytical exercises. - Evaluate the effects of fiscal and monetary policies in theoretical and applied contexts, supporting their choices with appropriate technical language - Navigate the current macroeconomic debate through critical analysis of case studies and academic sources.
Students are supposed to be familiar with the solution methods of first-order linear equations.
The teaching unit is delivered through lectures. Attendance is not compulsory, but strongly recommended. Students with certified disabilities, specific learning disorders (SLD), or special educational needs should contact, at the beginning of the lectures, both the instructor and Prof.ssa Elena Lagomarsino elena.lagomarsino@unige.it, the Department's disability liaison, to agree on teaching and examination arrangements that, while respecting the objectives of the teaching unit, take into account individual learning needs and allow the use of compensatory tools.
The syllabus of the teaching unit is the following: I. The main topics of Macroeconomics: definition of output, unemployment and inflation rate II. The market for goods and services III. Financial markets IV. The IS-LM model V. The extended IS-LM model VI. The labour market VII. The Phillips curve, the natural rate of unemployment and the inflation rate VIII. From the short to the medium run: the IS-LM-PC model Further indications will be provided during the lectures
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.
Ricevimento: Claudio A. Piga (claudio.piga@unige.it) Office Hours: TUESDAY 10.30 -12.30 (Teams or, prior appointment, in Office at DIEC)
Lectures will be given in the second semester. The timetable for this course is available here: Portale EasyAcademy
The exam is given by a written assessment with open questions and numerical/analytical exercises.
The answers to the open questions and the solutions to the numerical/analytical exercises in the written exam will be evaluated based on their correctness, the proper use of technical language, and the ability to discuss relevant graphs and diagrams related to the topics covered. Each learning outcome will be assessed through specific questions requiring the application of models, the evaluation of economic policies, and the critical analysis of case studies.
The program of the course is the same for attending and non-attending students. Any additional information will be provided during lectures and published on Aulaweb.
