- Oggetto:
- Oggetto:
Macroeconomics B
- Oggetto:
Macroeconomics B
- Oggetto:
Academic year 2018/2019
- Course ID
- MAN0269
- Teaching staff
- Teodoro Togati (Lecturer)
Dott. Piotr Tomasz Bialowolski (Lecturer)
Alessandro Stanchi (Tutor)
Antonio Veronico (Tutor) - Year
- 2nd year
- Type
- Distinctive
- Credits/Recognition
- 9
- Course disciplinary sector (SSD)
- SECS-P/01 - economia politica
- Delivery
- Formal authority
- Language
- English
- Attendance
- Obligatory
- Type of examination
- Written
- Oggetto:
Sommario del corso
- Oggetto:
Course objectives
This course provides students with key macroeconomic tools and models, useful to understand the working of economic systems and the behaviour of the main macroeconomic variables, such as gross domestic product, employment, consumption and inflation. After completing the course, students will be able to understand the main economic indicators and their complex interrelations- Oggetto:
Results of learning outcomes
1) Knowledge and understanding
Knowing the functioning of a macroeconomic model, and understanding the relationships between the main economic variables.
2) Applying knowledge and understanding
A good knowledge of macroeconomic relationships represents an important element for a better professional performance
3) Making judgements
Being able to apply a suitable model in order to understand and explain the logic of the macroeconomic system.
4) Communication skills
Translating with simple words the models, learning the rigorous reasoning through the use of graphs and formulae.
5) Learning skills
For a successful learning, students must acquire a good familiarity with economic concepts, principles and mechanism- Oggetto:
Course delivery
Lectures with frequent interactions between teachers and students .
Invitation to show up during office hours for clarifications and control of the preparation acquired.- Oggetto:
Learning assessment methods
The exam is written (with the possibility of an additional oral examination) and allows the student to get up to 30/30 marks. Students are required to answer four open questions (marks: 7,5 each) which include 1) erercizes concerning national accounting and income expenditure models; 2) IS-LM-BP; 3) questions concerning theoretical issues; 4) comments to texts (newpaper articles). Time: 1.5 hours. It is possible to seat for this exam up to three time per academic year.
- Oggetto:
Support activities
Office hours for clarifications and control of the preparation acquired .- Oggetto:
Program
1) Introduction to Macroeconomics: What is Macroeconomics. Variables, relations and macroeconomic models. National Accounts.
2) The short run: The demand for goods. The determination of equilibrium output. Financial Markets. The IS-LM model.
3) The medium run: The labour market. The AS-AD model. The Phillips curve. Inflation, activity, and money growth.
4) Expectations: the basic tools. Financial markets and expectations. Expectations, consumption, and investment.
5) The long run: the facts of growth. Savings, capital accumulation and growth. Technological progress and growth.
6) The open economy: Openness in goods and financial markets. Output, the interest rate, and the exchange rate. Exchange rates: adjustments, crises, and regimes. The European Monetary Union.
7) Pathologies and policy: Inflation, unemployment and public debt. Monetary policy. Fiscal policy.
Suggested readings and bibliography
- Oggetto:
Blanchard, Macroeconomics, 7th edition.
- Oggetto:
