Macroeconomics

The course offers the basic instruments to understand macroeconomic phenomena. The aim is to provide a good knowledge of the main themes of macroeconomics: cyclical output and employment fluctuations; inflation dynamics; monetary and fiscal stabilization policy; exchange rate determination and the trade balance. The course presents key concepts, relations, and models to understand the functioning of the market for goods and services, and financial markets in the global economy. The analysis focuses on the objectives of monetary and fiscal policy and their effects which are studied using dynamic models of the cyclical variations of output and inflation.

The course enables students to understand the basic principles of Macroeconomics. Specifically, competence is developed regarding: i) the functioning of markets for goods and services and of financial markets; ii) the economic interactions between States; iii) the objectives and instruments of monetary and fiscal policies. Students will be able to autonomously analyze macroeconomic phenomena such as cyclical output fluctuations, unemployment, inflation, international trade dynamics. Attention focuses on developing the basic skills to interpret economic data and information, and to analyze policy issues and their solutions.