Macroeconomics [Cognomi L-Z] - lezione (2006/2007)

Learning outcomes

The course provides the theoretical framework needed to understand the functioning of the economy as a whole. Macroeconomics studies what determines the level and rate of change of a few aggregate variables, which represent the fundamentals of the economic system, namely gross domestic product and income, price level and unemployment, as well as the rate of interest and the exchange rate.

1. Economic Thought;
2. National Income and Product Measures;
3. Wealth Accumulation and Income Distribution in Modern Economic Theories;
4. Expectations and the Meaning of Institutions;
5. The Goods and Financial Markets;
6. The Labour Market and the Supply Side of the Economy;
7. The Open Economy
8. The Budget Balance and the National Debt;
9. The Dynamics of the Price Structure
10. Inflation and Employment;
11. Business Cycle;
12. Economic Growth and Development.

Textbooks
Cristina Nardi Spiller, Lezioni di Macroeconomia, Torino, Giappichelli, 2005.
Cristina Nardi Spiller, The Dynamics of the Price Structure and the Business Cycle. The Italian Evidence from 1945 to 2000, Heidelberg, Physica-Verlag, 2003.

Class organisation
Lectures, lessons and empirical applications.

Students are required to take a written and an oral exam.