The course aims to provide the theoretical and methodological competences needed to analyze some of the main topics in macroeconomics like the determinants of aggregate demand and aggregate supply, and what generates cyclical fluctuations in income and unemployment. At the end of the course, students will know the role that monetary and fiscal policy play in stabilizing the economy, both in closed economy as well as in an economy open to international trade, and what generates long-run growth. Students will be able to understand the functioning of the economic system within which firms operate.
1. Introduction to National Accounting.
2. Aggregate demand and income multiplier.
3. Goods and money market: The IS-LM model.
4. Consumption, investment and government spending.
5. Aggregate Supply: The AS-AD model.
6. Inflation and Unemployment.
7. Introduction to International Economics.
8. Growth theory.
9. The role of expectations.
|Findlay, David W||Esercizi di Macroeconomia. Guida allo studio del testo di Olivier Blanchard, Alessia Amighini, Francesco Giavazzi||Il Mulino||2017||9788815272003|
|OLIVIER BLANCHARD, ALESSIA AMIGHINI, FRANCESCO GIAVAZZI||Macroeconomia. Una prospettiva europea||Il Mulino||2016||978-88-15-26571-5|
The aim of the exam is to verify the student’s understanding of the theory analyzed in class, as well as the ability to apply the theory to solve numerical exercises.
The final written exam will be held on-line and consists of two parts: a multiple-choice test (40% of the final grade), and two exercises (60% of the final grade). The multiple-choice test is made up by 10 questions and is graded as follows: correct answer +3, wrong answer -1, no answer 0. Students receiving a grade of 9/30 or below in the multiple-choice test fail the exam. If the score in the multiple-choice test is 10/30 or greater, the final grade will be given by the weighted average of the grades from the two parts. Both the multiple-choice and the exercises will be based on the entire program covered during the course.