Working of the macroeconomic system, National accounts, IS-LM model, theory of money: demand and supply. keynes and the neoclassics, investment theory and the multiplier, aggregate demand and aggregate supply, inflation and unemployment, Phillips curve and expectations.
1) S. Nerozzi, G. Ricchiuti, Pensare la macroeconomia, Pearson
2) Stefania Spaziani Eserciziario di macroeconomia e di politica macroeconomica, Tangram Edizioni scientifiche
Learning Objectives
KNOWLEDGE: Acquisition of the main concepts, methods and models of economic theory for the study of functioning of national or regional systems, the role of financial markets, the interdependence of aggregate demand and supply, the relations between real growth, inflation, and income distribution.
COMPETENCE:
The ability to interpret, evaluate, and criticize information on macroeconomic facts, both at a local and global level, the rationale for economic policy intervention, both fiscal and monetary, current trends, and the foundations of short/medium term forecasts.
CAPACITIES ACQUIRED AT THE END OF THE COURSE:
The ability to elaborate an argument on an issue concerning macroeconomics or economic policies in the knowledge of foundational concepts and basic analytical techniques.
Prerequisites
None
Teaching Methods
lectures, exercises in class and homeworks
Further information
will be eventually provide during the course
Type of Assessment
The examination mode are 2, both in written form:
1. Macro exam only: 3 problems to choose from 5. Time available: one hour.
2. Micro + Macro exam (integrated exam): 5 problems to choose from 10 (5 of micro and 5 of macro), of which 2 necessarily macro, 2 necessarily micro, and one to choose between micro and macro. Time available: one hour and forty minutes.
Course program
National accounts, the principle of the effective demand, investment and the IS model, Money and the LM curve, Monetary and fiscal policies, Aggregate demand and supply, Inflation and expectations. labor market