Macroeconomics

A.A. 2016/2017
Insegnamento per
6
Crediti massimi
40
Ore totali
Lingua
Inglese
Obiettivi formativi
The aim of the course is to provide a good knowledge and understanding of the economic system, of the factors determining long-term growth and of the role of economic policy. Competence is developed regarding: i) the functioning of markets for goods and services, financial and labor markets; the macroeconomic interactions between States; iii) the objectives and instruments of monetary and fiscal policies. Students will acquire the basic skills for macroeconomic analysis with special attention to the interpretation of data and information, and the analysis of policy issues and their resolution.

Struttura insegnamento e programma

Edizione attiva
Responsabile
Lezioni: 40 ore
Programma
First part: Goods and financial markets in the short run
1. The main economic variables: Production, unemployment and inflation. BJ Chapters 1, 2.
2. Goods and financial market equilibrium: The IS-LM model. BJ Chapters 3, 4, 5.
3. Equilibrium in an open economy: Output, the interest rate and the exchange rate. BJ Chapters 18, 19, 20.
4. The global financial crisis and the great depression. BJ Chapter 9.

Second part: Output fluctuations and Economic growth
5. The labor market. BJ Chapter 6.
6. Output fluctuations; The Aggregate-Supply Aggregate-Demand Model. BJ Chapters 7, 8, 21.
7. Fixed versus flexible exchange rates and monetary unions. BJ Chapter 21.
8. Economic growth and its determinants: Capital and technological progress. BJ Chapters 10, 11, 12.
Propedeuticità
Mathematics
Prerequisiti e modalità di esame
Written exam (approximately 1 hour and 30 minutes). The exam covers all the topics presented during lectures and it consists of a series of open-ended questions which may include calculations and/or explanation and/or technical analysis. The exam aims to verify that the course objectives have been achieved; i.e. that students have learned the theory, and know how to use macroeconomic concepts to interpret economic events and data, and to analyze simple policy issues.
Metodi didattici
Lectures and seminars.
Power point presentations will generally be available on the Ariel website the same day of each lecture. They are neither complete nor exhaustive. They represent a guide to the different subjects and they cannot replace the reference book and class attendance.
Materiale didattico e bibliografia
Blanchard, Olivier and David H. Johnson, Macroeconomics, 6th Edition, Pearson 2013, ISBN13: 9780133061635
or the new edition:
Blanchard, Olivier, Macroeconomics, 7th Edition, Pearson 2017
Periodo
Secondo trimestre
Periodo
Secondo trimestre
Modalità di valutazione
Esame
Giudizio di valutazione
voto verbalizzato in trentesimi
Siti didattici
Docente/i
Ricevimento:
Ricevimento: Martedì ore 14.00-16.00
DEMM, via Conservatorio 7, stanza 5 secondo piano