Macroeconomics (2013/2014)

Course partially running (all years except the first)



Course code
4S00242
Credits
9
Coordinator
Paola Dongili
Academic sector
SECS-P/01 - ECONOMICS
Language of instruction
Italian
Teaching is organised as follows:
Activity Credits Period Academic staff Timetable
lezione 7 secondo semestre Paola Dongili
esercitazione 2 secondo semestre Marcella Veronesi

Lesson timetable

secondo semestre
Activity Day Time Type Place Note
lezione Monday 10:10 AM - 11:50 AM lesson Lecture Hall Aula Magna - Silos di Ponente  
lezione Tuesday 11:50 AM - 1:30 PM lesson Lecture Hall Aula Magna - Silos di Ponente  
lezione Wednesday 5:20 PM - 7:00 PM lesson Lecture Hall Aula Magna - Silos di Ponente  
lezione Thursday 2:00 PM - 3:40 PM lesson Lecture Hall Aula Magna - Silos di Ponente  

Learning outcomes

The course aims at providing appropriate training on the fundamentals of macroeconomic issues such as: the evolution of aggregate production, fluctuations in income and employment and the role of stabilization policies, the causes of inflation and the determinants of economic growth. Particular attention will be given to issues of greatest relevance as the evolution of public debt and the determinants of aggregate consumption.
The course is divided into three parts: (i) models for the determination of output and employment in the short term, even in an open economy, (ii) medium-term models for the analysis of inflation and the cyclic changes in production; (iii) the long run models for the study of economic growth and its determinants.
The teaching methods consist of lectures on macroeconomic theory and classes on numerical examples. The e-learning platform of the University will be used to make available to students materials used in the tutorials and further useful readings to the understand the subject.

Syllabus

1. The main schools of economic thought.
2. Elements of the national accounts.
3. Aggregate demand and the income multiplier.
4. The market for goods and money: The IS-LM model.
5. Consumption, investment, government spending.
6. Aggregate supply and demand.
7. Inflation and unemployment.
8. International relations and problems of the open economy.
9. Growth and accumulation.

Textbook:
Libro di testo:
O. Blanchard,Scoprire la macroeconomia,Volume 1. Il mulino. ISBN 978-88-15-13219-2. Further reading material will be advised during the course.

Assessment methods and criteria

In the middle of the semester, students will have the chance to take a written intermediate test in the form of a series of multiple choice questions and exercises.

The mid-term exam will be optional for students. The gained bonus will be worth 1/2 of the final mark and it may only be used in the first exams call of the session immediately following the end of classes.

The final exam will take place in writing. It will be divided into two parts . The first part will consist of multiple choice questions, the second in one or more numeric exercises similar to those performed in class.
The final evaluation will range from 18 out of 30 to 30 out of 30. Lower votes than 18/30 will be fails.