Macroeconomics (2014/2015)

Course partially running (all years except the first)

Course code
Andrea Vaona
Academic sector
Language of instruction
Teaching is organised as follows:
Activity Credits Period Academic staff Timetable
lezione 7 secondo semestre Andrea Vaona
esercitazione 2 secondo semestre Marcella Veronesi

Lesson timetable

secondo semestre
Activity Day Time Type Place Note
lezione Monday 8:30 AM - 10:10 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 3:40 PM - 5:20 PM lesson Lecture Hall Aula Magna - Silos di Ponente  

Learning outcomes

The course aims at providing training on the fundamentals of macroeconomics: 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 present 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 cyclical changes in production; (iii) models for the study of long-term economic growth and its determinants.
Teaching methods consist of lectures, which will develop issues of macro-economic theory, and tutorials, offering exercises often in the form of numerical examples. The slides of the lectures, materials used in the tutorials and possibly other useful readings will be available on the e-learning platform of the University.


1. National accounts.
2. Aggregate demand and the income multiplier.
3. Market goods and money: the IS-LM model.
4. Consumption, investment, government spending.
5. Aggregate supply and demand.
6. Inflation and unemployment.
7. Problems of the open economy and international relations.
8. Growth and accumulation.

O. Blanchard,Scoprire la macroeconomia,Volume 1. Il mulino. ISBN 978-88-15-13219-2.
D.W. Findlay, Esercizi di macroeconomia, il Mulino

Assessment methods and criteria

There will be a written exam. It will have two parts. The former one will consist in multiple choice questions, while the latter in exercises.

There are no mid-term exams.