MACROECONOMICS

Degree course: 
Corso di First cycle degree in ECONOMICS AND MANAGEMENT
Academic year when starting the degree: 
2016/2017
Year: 
3
Academic year in which the course will be held: 
2018/2019
Course type: 
Compulsory subjects, characteristic of the class
Language: 
Italian
Credits: 
12
Period: 
First Semester
Standard lectures hours: 
80
Detail of lecture’s hours: 
Lesson (80 hours)
Requirements: 

Basic concepts of microeconomics

Final Examination: 
Orale

The exam is in written form and open questions.
The students will have the possibility to do the exam in two parts, referred to the first and second part of the program carried out during the room lessons.
In the partial exams the student will have to answer to two questions selected out of three proposed ones in 60 minutes. There will be only one possibility to do the first partial exam. If the first partial exam will not be successful, the student will have to do the exam referring to the whole program in the following normal exam sessions. If the second partial exam will not be successful, the student will be allowed to repeat it in the first two exam sessions after the end of the course.
In all other exam sessions, the exam will refer to the whole program (except for the case of the second partial exam as mentioned above). The student will have to answer to three questions selected out of four proposed ones in 60 minutes.

Assessment: 
Voto Finale

The course is meant to be an introduction to the study of Macroeconomics. The goal of the course is to introduce students to the tools useful to analyse and explain the short and long term trends of i) the main economic variables in macroeconomics – GDP, money and money market, employment and unemployment, consumption, investments, public sector balance, interest rates, exchange rates, balance of payments, labour productivity; ii) problems of economic systems – unemployment, inflation, public debt; iii) economic policy tools to face problems at the macroeconomic level; iv) elements to understand the economic functioning and dynamics of the European Union: the economic and monetary union and the euro.

**Introduction to macroeconomics: basic concepts in macroeconomics concepts, what the models and macroeconomics variables explain, national accountability, time in macroeconomics
**Macroeconomic variables and dynamics in a closed economy
•The goods market
•The financial market
•The goods market and the financial market: the system equilibrium through the model IS-LM model and the extended IS-LM model
•The labor market
•The Phillips curve, the natural unemployment rate and the inflation rate
•The construction of the IS-LM-PC model
**Macroeconomic variables and dynamics in an open economy
•The opening of the goods and financial markets and the exchange rates
•The goods market in an open economy
•Production, interest rates and exchange rates
•The monetary policy
**Economic growth, quality of life and wellbeing: new approaches and indicators
** Technological progress and growth in the short, medium and long term

Blanchard O., Amighini A., Giavazzi F.,Macroeconomia. Una prospettiva europea, Ed Il Mulino, 2016
Other readings will be proposed during the course and on the e-learning site

Convenzionale

40 hours lessons in lesson room and 40 hours e-learning

Professors