A.Y. 2020/2021
Overall hours
Learning objectives
The course provides the basic tools required for understanding the key macroeconomic issues. The aim of the course is to provide a basic understanding of macroeconomics and to enable students to attend more specialized courses such as "Scienza delle Finanze" and "Politica Economica".
Expected learning outcomes
At the end of the course students will have familiarized with the macroeconomic models of: output and employment determination in the short run; medium run inflation dynamics and cyclical output fluctuations; long run economic growth and its determinants. Additionally, they will have learnt the role of expectations in economic policy.
Course syllabus and organization

Single session

Lesson period
Second trimester
Mostly live lectures through MS Teams or Zoom. We will also try and organise some review classes in person.
Course syllabus
- Introduction to Macroeconomic issues: an overview
- Goods markets, financial markets and short-run equilibrium (the IS-LM model)
- The medium run equilibrium
- The labor market: the Phillips curve, the natural rate of unemployment, and inflation
- Public debt
- Expectations
- Open economy
- Openness in Goods and Financial Markets: exports, imports and capital movements
- Growth: savings, capital accumulation, and technological progress (Solow model)
Prerequisites for admission
There is no manadatory pre-requirement. However, familiarity with basic mathematics and microeconomics is strongly recommended.
Teaching methods
Theory classes and tutorials
Teaching Resources
Blanchard, Olivier; Amighini, Alessia; Giavazzi, Francesco "Macroeconomia. Una prospettiva europea". Bologna: Il Mulino, 2016 (or the forthcoming most recent edition).

Optional: David W. Findlay, "Esercizi di macroeconomia. Guida allo studio del testo di Olivier Blanchard, Alessia Amighini, Francesco Giavazzi". Bologna, Il Mulino, any edition.
Assessment methods and Criteria
There will be a final written exam. Students will have 60 minutes to answer 15 multiple choice questions and two open questions/exercises.
I will also post on the course ARIEL webpage every week (ungraded) problem sets that we will then correct in class.
SECS-P/01 - ECONOMICS - University credits: 12
Lessons: 80 hours
Professor: Frattini Tommaso
Please send email to arrange an appointment