Macroeconomics (2019/2020)

Course code
4S00242
Name of lecturer
GianPaolo Mariutti
Coordinator
GianPaolo Mariutti
Number of ECTS credits allocated
9
Academic sector
SECS-P/01 - ECONOMICS
Language of instruction
Italian
Period
Second semester bachelor degree dal Feb 17, 2020 al Jun 5, 2020.

Lesson timetable

Go to lesson schedule

Learning outcomes

The course aims to introduce students to the fundamental topics of macroeconomics. This discipline deals with the aggregate functioning of economic systems determined by the collective behaviour of consumers and firms, by the state intervention on the economy and by the international relations with the rest of the world. The course provides students also with a knowledgeable understanding of the scientific language and methodology adopted by macroeconomics. Its theory is made up of mathematical tools and models that formalize mechanisms behind the markets of goods, money and labour, since their interaction determines the level of national income, employment, and prices. At the end of the course students will be able to make use of such analytical tools to understand and interpret the factors steering the evolution of economic systems at aggregate national level and to evaluate the macroeconomic effects of Central Bank and fiscal policy interventions.

Syllabus

Lectures are delivered covering both macroeconomic theory and macroeconomic practice, with historical and empirical cases, and through individual and team work tutorials. Students will be asked to take weekly exercises and tests, so to assess their progress in preparation of the final exam. A tutorship (60h) is available to assist the weekly homework and team work assessments. The course has its additional elearning material published in the university Moodle website.

The main topics that will be addressed are the following:
1. Macroeconomics: History of Economic Thought and Economic History
2. National Accounts and further Empirical Evidence
3. The market of goods
4. The financial and monetary market
5. The IS-LM model
6. Macroeconomics and Economic Policy
7. Economic growth (including Harrod-Domar model)
8. The accumulation of capital and the technical progress
9. The labour market
10. Unemployment and inflation: the Phillips curve
11. The AD-AS equilibrium model
12. The open economy

Textbook:
**********************
Author(s): Blanchard Olivier, Amighini Alessia, Giavazzi Francesco
Title: Macroeconomia - Una prospettiva europea
Year: 2016
Publisher: Il Mulino
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Solution Manual
***********************
Author(s): David W. Findlay
Title: Esercizi di macroeconomia. Guida allo studio del testo di Olivier Blanchard, Alessia Amighini, Francesco Giavazzi
Year: 2017 (connected with the textbook Blanchard et al. 2016)
Publisher: Il Mulino
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Textbook: Chapters that are needed to be done
*********************************************
Textbook basic References (see in the star box the detailed
bibliography):
Blanchard et al. (2016): Chap. 1-6, 7-9, 10-12, 17-18, 22-24.

Previous editions are also ok. In this case the combination between Solution Manual & Textbook is the following:
Findlay (2015) with Blanchard et al. (2014).
Findlay (2011) with Blanchard et al. (2011).
Findlay (2009) with Blanchard (2009).

Reference books
Author Title Publisher Year ISBN Note
Findlay, David W Esercizi di Macroeconomia. Guida allo studio del testo di Olivier Blanchard, Alessia Amighini, Francesco Giavazzi Il Mulino 2017 9788815272003
OLIVIER BLANCHARD, ALESSIA AMIGHINI, FRANCESCO GIAVAZZI Macroeconomia. Una prospettiva europea Il Mulino 2016 978-88-15-26571-5

Assessment methods and criteria

Lectures are delivered covering both macroeconomic theory and macroeconomic practice, with historical and empirical cases, and through individual and team work tutorials. Students will be asked to take weekly exercises and tests, so to assess their progress in preparation of the final exam. A tutorship (60h) is available to assist the weekly homework and team work assessments. The course has its additional elearning material published in the university Moodle website. The main topics that will be addressed are the following: 1. Macroeconomics: History of Economic Thought and Economic History 2. National Accounts and further Empirical Evidence 3. The market of goods 4. The financial and monetary market 5. The IS-LM model 6. Macroeconomics and Economic Policy 7. Economic growth (including Harrod-Domar model) 8. The accumulation of capital and the technical progress 9. The labour market 10. Unemployment and inflation: the Phillips curve 11. The AD-AS equilibrium model 12. The open economy Textbook: ********************** Author(s): Blanchard Olivier, Amighini Alessia, Giavazzi Francesco Title: Macroeconomia - Una prospettiva europea Year: 2016 Publisher: Il Mulino *********************** Solution Manual *********************** Author(s): David W. Findlay Title: Esercizi di macroeconomia. Guida allo studio del testo di Olivier Blanchard, Alessia Amighini, Francesco Giavazzi Year: 2017 (connected with the textbook Blanchard et al. 2016) Publisher: Il Mulino ********************** Textbook: Chapters that are needed to be done °°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°°° Textbook basic References (see in the star box the detailed bibliography): Blanchard et al. (2016): Chap. 1-6, 7-9, 10-12, 17-18, 22-24. Previous editions are also ok. In this case the combination between Solution Manual & Textbook is the following: Findlay (2015) with Blanchard et al. (2014). Findlay (2011) with Blanchard et al. (2011). Findlay (2009) with Blanchard (2009).