Macroeconomics

A.Y. 2020/2021
6
Max ECTS
40
Overall hours
SSD
SECS-P/01
Language
Italian
Learning objectives
The course aims at introducing students to the foremost topics in modern macroeconomics. Specifically, the course will focus on three main macroeconomic models (respectively, the short-term IS-LM model; the medium-term IS-LM-PC model; the long-term neoclassical growth model), and will analyze the key economic policies (either fiscal/monetary, or labour, or else growth policies) a policy maker can carry out according to her own objectives and the time-span considered (short, medium and long run, respectively). Finally, a special focus will be devoted to the analysis of the: (1) Economic impact of international trade in goods and services (included financial services); (2) Management of the exchange rate (both nominal and real); (3) Role played by some specific European Institutions (e.g., the European Central Bank) in handling global economic and financial crises (such as the last one of 2007-2008).
Expected learning outcomes
At the end of this course (which is composed both of theoretical lectures as well as practical activities) students will be able to: (1) Analyze autonomously and interpret critically such real macroeconomic phenomena as those related to a change in the inflation rate, the unemployment rate, and the GDP growth rate; (2) Examine and fully understand the impact (both macro- and micro-economic) of particular public policies (such as those that aim at managing the nominal and real exchange rates and, therefore, at changing the importance played world-wide by international trade in goods and services, included financial services); (3) Assess the role played by some specific European Institutions (such as the European Central Bank) in handling specific global economic and financial crises (as the last one of 2007-2008).
Course syllabus and organization

A-K

Responsible
Lesson period
First trimester
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 40 hours
Professor: Bucci Alberto

L-Z

Responsible
Lesson period
First trimester
Classes will be provided through Microsoft Teams. Students will be able to attend live classes according to the official university schedule, but since all classes will be recorded, they will also be able to follow classes later.
Course syllabus
The course aims at introducing students to the foremost topics in modern macroeconomics. Specifically, the course will focus on three main macroeconomic models (respectively, the short-term IS-LM model; the medium-term IS-LM-PC model; the long-term neoclassical growth model), and will analyze the key economic policies (either fiscal/monetary, or labour, or else growth policies) a policy maker can carry out according to her own objectives and the time-span considered (short, medium and long run, respectively). Finally, a special focus will be devoted to the analysis of the: (1) Economic impact of international trade in goods and services (included financial services); (2) Management of the exchange rate (both nominal and real); (3) Role played by some specific European Institutions (e.g., the European Central Bank) in handling global economic and financial crises (such as the last one of 2007-2008).

Chapters: 1-2-3-4-5-6-7-8-9-17-18-19 (with the exception of paragraph No. 5) -10-11. THE APPENDICES THAT CAN BE FOUND AT THE END OF EACH CHAPTER ARE PART OF THE PROGRAMME.
Prerequisites for admission
Basic knowledge of Maths.
Teaching methods
Face-to-face online classes, with pc - whiteboard, class notes in pdf will be available for download.
Teaching Resources
Testo:
O. Blanchard - A. Amighini - F. Giavazzi: "Macroeconomia: Una prospettiva Europea", Il Mulino (Bologna), SETTEMBRE 2016.
Capitoli:
1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9 - 17 - 18 - 19 (eccetto paragrafo 5) - 10 - 11. Le appendici ai capitoli sono parte integrante del programma d'esame.
Assessment methods and Criteria
Written exam, online. Grades in 30-points.
The exam will consist of 20 multiplce choice questions.
Further information will be available on the Ariel site of the course.
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 40 hours