|Teaching is organised as follows:|
Macroeconomics examines phenomena such as changes in national income, economic growth, price levels, consumption choices, public expenditure investments, and unemployment. Aim of the course is to provide students the essential tools to understand these phenomena critically. In particular, the three main markets of a typical economic system will be presented: the commodity market, the financial marker, and the labour market. The interlinkage between markets will be also analysed. Knowing how the economic system works will allow assessing the role of the political economy and how to intervene. Lectures will be alternated with empirical applications to guide students on how to use the theory in practice.
- Empirical evidence and basic concepts
- The commodity market
- The monetary and financial markets
- IS LM model
- The labour market
- AD AS Model
- Unemployment and inflation
- The role of expectations
- Capital accumulation and growth theory
- Open economy macroeconomics
- The role of the political economy
- Blanchard O., Amighini A., and Giavazzi F., Macroeconomia, Il Mulino, 2011,
Chapters: 1-12; 14-15; 18-20; 25.
Blanchard O., Macroeconomia, il Mulino 2009, Chapters: 1-11; 13-14; 16-20; 26.
- Findlay D. W., Esercizi di macroeconomia, il Mulino 2011.
There will be a written exam, closed book, and closed notes.