Macroeconomics (2020/2021)

Course code
Name of lecturers
Tamara Fioroni, Martina Menon
Tamara Fioroni
Number of ECTS credits allocated
Academic sector
Language of instruction
secondo semestre (lauree) dal Feb 15, 2021 al Jun 1, 2021.

Lesson timetable

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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 policymaker 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.


1. National Accounting.
2. Aggregate demand and income multiplier.
3. Goods and money market: The IS-LM model.
4. Consumption, investment and government spending.
5. Aggregate Supply: The AS-AD model.
6. Inflation and Unemployment and Phillips' Curve.
7. Introduction to International Economics.
8. Growth theory.
9. The role of rational expectations.

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
Blanchard Olivier, Amighini Alessia, Giavazzi Francesco Macroeconomia Il Mulino 2016 9788815149731

Assessment methods and criteria

The exam certifies the student’s understanding of the theory of macroeconomics, as well as the student's ability to apply the theory to solve numerical exercises.