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