Macroeconomics and finance (2016/2017)

Course code
Name of lecturers
Giam Pietro Cipriani, Alessia Campolmi
Giam Pietro Cipriani
Number of ECTS credits allocated
Disciplinary sector
Language of instruction
Primo semestre Magistrali dal Sep 26, 2016 al Jan 13, 2017.

Lesson timetable

Primo semestre Magistrali
Day Time Type Place Note
Monday 2:00 PM - 4:15 PM lesson Lecture Hall SMT.04  
Thursday 11:00 AM - 1:15 PM lesson Lecture Hall SMT.04  

Learning outcomes

In this course students will be introduced to the modern study and analysis of macroeconomics by considering how the microeconomic units, namely consumers and firms, make their decisions and how the their choices yield economy-wide outcomes. Following a review of consumer theory, we will study the macroeconomic theory of consumption, including the impact of various government policies on consumption behaviour. In a similar way we will introduce firms in the theoretical model. The final objective is to build a small theoretical model for the entire economy using the representative agent paradigm. This will allow students to analyse demand, supply and equilibrium in three macro markets: the aggregate goods and services market, the aggregate labour market, and the aggregate financial market. Therefore students will be able to understand how macroeconomic outcomes arise and the effects of macroeconomic policies. The use of some problem sets will also enable them to apply the concepts they have learned.


Microfoundations: consumer analysis, firm analysis
Fiscal policy
Introduction to finance theory
Monetary policy
Optimal policy analysis: the flexible price case
Optimal policy analysis: the rigid price case
Long run growth analysis
International macroeconomics

Assessment methods and criteria

This course will be assessed with a written examination which will include open questions on the theory and some exercises.

Statistics about transparency requirements (Attuazione Art. 2 del D.M. 31/10/2007, n. 544)

Data from AA 2016/2017 are not available yet