MACROECONOMICS

Degree course: 
Corso di First cycle degree in ECONOMICS AND MANAGEMENT
Academyc year when starting the degree: 
2018/2019
Year: 
2
Academyc year when helding the course: 
2019/2020
Course type: 
Compulsory subjects, characteristic of the class
Language: 
Italian
Credits: 
12
Period: 
Second semester
Standard lectures hours: 
100
Detail of lecture’s hours: 
Lesson (80 hours), Exercise (20 hours)
Requirements: 

The students must have passed the examinations of Microeconomics and Economic History

Final Examination: 
Orale

Written exam with optional oral integration.

Assessment: 
Voto Finale

The course aims are twofold: i) to illustrate the fundamental issues of macroeconomics by studying two approaches: the neoclassical theory and the keynesian theory; ii)to use this two theoretical models to analyze the nature of the financial crisis erupted in 2007 and of the subsequent Great Recession.
At the end of the course the student will be able to understand the two fundamental aspects of the relationship between macroeconomic theory and economic reality.

1) Introduction

2) National Income Accounts

The Neoclassical Macroeconomics

3) The labor market

4) The goods market and the credit market

5) The complete model and the Say’s Law.

Keynesiam Macroeconomics

6) The principle of effective demand

7) The IS-LM model

8) The IS-LM model in an open economy

9) The keynesian explanation of the inflation

The Monetarist Counter-revolution

10) Friedman's criticism to the keynesian theory

The contemporaneous crisis

11) The neoclassical theory and the accidental nature of the crisis

12 The keynesian theory and the structural nature of the crisis

-Bertocco G., Kalajzić A., Mourad A. G.: Appunti di Macroeconomia,
-Bertocco Giancarlo, La crisi e le responsabilità degli economisti, Francesco Brioschi Editore, Milano, 2015.

Convenzionale

The course includes 80 lectures entirely held by the official techer