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
Le lezioni si terranno sulla piattaforma Microsoft Teams secondo l'orario stabilito dalle Autorità Accademiche per il primo trimestre dell'a.a. 2020/2021.

L'esame sarà scritto e si svolgerà in presenza o da remoto a seconda delle direttive (emanate dalle Autorità Accademiche) vigenti al momento dello svolgimento di ciascun appello.
Course syllabus
Il corso si propone di introdurre gli studenti ai principali temi della moderna macroeconomia e agli strumenti fondamentali per analizzare i più rilevanti fenomeni macroeconomici recenti. In particolare, il corso analizzerà tre modelli macroeconomici fondamentali (il modello macroeconomico di BREVE PERIODO, IS-LM, sia in economia chiusa che in economia aperta; il modello macroeconomico di MEDIO PERIODO, IS-LM-PC; il modello neoclassico di crescita economica di LUNGO PERIODO), e studierà le principali politiche economiche (fiscali/monetarie; del lavoro; della crescita) che un policy-maker può mettere in campo a seconda dell'orizzonte temporale di riferimento.
Verrà infine dedicata particolare attenzione all'analisi dell'impatto (sugli esiti macroeconomici) del commercio internazionale in beni e servizi (inclusi i servizi finanziari), e al tema della formazione e gestione del tasso di cambio.
Prerequisites for admission
Previous knowledge of microeconomics and mathematics.
Teaching methods
Le lezioni si terranno sulla piattaforma Microsoft Teams secondo l'orario stabilito per il primo trimestre dell'a.a. 2020/2021.
Teaching Resources
O. Blanchard - A. Amighini - F. Giavazzi: MACROECONOMIA: UNA PROSPETTIVA EUROPEA (SETTEMBRE 2016). Bologna: Editore Il Mulino. 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.

È possibile avvalersi anche dell'edizione 2020 dello stesso testo, a condizione che sia lo studente ad individuare le parti corrispondenti a quelle specificate per l'edizione indicata.
Assessment methods and Criteria
Esame in forma scritta, punteggio in trentesimi.

L'esame si compone di 20 domande tutte a scelta multipla (quattro possibili risposte, di cui solo una è corretta, per ciascuna domanda).

Ulteriori informazioni disponibili sul sito ARIEL del corso.
SECS-P/01 - ECONOMICS - University credits: 6
Lessons: 40 hours

L-Z

Responsible
Lesson period
First trimester
Methods:
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.
Program and materials: no changes.
Exam modalities and assessment:
no changes, written exam, in presence or in distance according to the university guidelines updated for every exam session
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
Students must have passed the Microeconomics exam on the second year and students are supposed to have studied maths.
Students in need to review maths can uses the following materials:
TEORIA DI BASE:
* De Angelis, P.L. (Settembre 2015): "Matematica di Base", Seconda Edizione, G. Giappichelli Editore
* Greco, S. - Matarazzo, B. - Milici, S. (Ottobre 2016): "Matematica
Generale", Seconda Edizione, G. Giappichelli Editore
ESERCIZI PRATICI:
*Mattalia, C. (Luglio 2009): "Esercizi di Matematica", G. Giappichelli Editore
*Resta, M. (Ottobre 2011): "Esercizi di Matematica", G. Giappichelli Editore
*Salinelli, E. (Giugno 2015): "Esercizi Svolti di Matematica" - G. Giappichelli
Teaching methods
Classes will run on MS Teams according to official universty schedule
Teaching Resources
Testo:
O. Blanchard - A. Amighini - F. Giavazzi: "Macroeconomia: Una prospettiva Europea", Il Mulino (Bologna), SETTEMBRE 2020.
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