MACROECONOMICS

Degree course: 
Academic year when starting the degree: 
2014/2015
Year: 
2
Academic year in which the course will be held: 
2015/2016
Course type: 
Compulsory subjects, characteristic of the class
Credits: 
12
Period: 
Second semester
Standard lectures hours: 
80
Detail of lecture’s hours: 
Lesson (80 hours)
Requirements: 

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

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.

Syllabus

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 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 op the crisis

12 The keynesian theory and the structural nature of the crisis

Testi adottati:

-Bertocco G., Kalajzić A., Mourad A. G.: Appunti di Macroeconomia, versione in pdf disponibile in rete, e presso copisterie e Libreria Universitaria Cortina, Varese

-Bertocco Giancarlo, La crisi e le responsabilità degli economisti, Francesco Brioschi Editore, Milano, 2015.

Professors