Sergio Pietro DESTEFANIS | Macroeconomics
Sergio Pietro DESTEFANIS Macroeconomics
cod. 0212700008
MACROECONOMICS
| 0212700008 | |
| DIPARTIMENTO DI SCIENZE AZIENDALI - MANAGEMENT & INNOVATION SYSTEMS | |
| EQF6 | |
| BUSINESS MANAGEMENT | |
| 2018/2019 |
| OBBLIGATORIO | |
| YEAR OF COURSE 2 | |
| YEAR OF DIDACTIC SYSTEM 2014 | |
| SECONDO SEMESTRE |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/02 | 10 | 60 | LESSONS |
| Objectives | |
|---|---|
| THIS COURSE IS AN INTRODUCTION ON MACROECONOMIC THEORY. THE STUDENT WILL ACQUIRE THE FUNDAMENTAL METHODOLOGICAL TOOLS AND KNOWLEDGE OF BASIC THEORETICAL MODELS USEFUL TO UNDERSTAND: (I) THE FUNCTIONING OF A SYSTEM COMPOSED OF THE GOODS MARKET, THE FINANCIAL MARKETS AND THE LABOR MARKET, IN CLOSED ECONOMIES AND IN OPEN ECONOMIES TO INTERNATIONAL TRADE AND IN DIFFERENT TIME HORIZONS; (II) THE DIFFERENT ECONOMIC POLICY MEASURES. THE STUDENT WILL BE ABLE TO USE THE BASIC MACROECONOMIC MODELS TO EXPLAIN THE PHENOMENA AND CASES OF AN AGGREGATE SYSTEM, ITS REAL AND FINANCIAL COMPONENTS AND THEIR INTERACTIONS, AND THE INTERVENTIONS AND EFFECTS OF FISCAL AND MONETARY ECONOMIC POLICY. IT WILL ALSO BE ABLE TO SHOW THE RELATIONSHIP BETWEEN EMPIRICAL EVIDENCE AND THEORETICAL REPRESENTATIONS THROUGH CASE STUDIES ON A GLOBAL SCALE AND A COMPARISON BETWEEN DIFFERENT COUNTRIES. |
| Prerequisites | |
|---|---|
| MICROECONOMICS (MANDATORY) |
| Contents | |
|---|---|
| (I) INTRODUCTION TO THE THEMES OF MACROECONOMICS; MEASURES OF MACROECONOMIC DATA. (8 HOURS) (II) FUNDAMENTAL ELEMENTS OF MACROECONOMICS: AGGREGATE PRODUCTION FUNCTION AND PRODUCTIVITY; SAVING AND INVESTMENT IN CLOSED AND OPEN ECONOMIES; MONEY AND INFLATION (12 HOURS). (III) ECONOMIC GROWTH OF LONG RUN: SOLOW MODEL; INNOVATIONS, POLICIES AND INSTITUTIONS (10 HOURS). (IV) CYCLES OF SHORT RUN: INTRODUCTION TO ECONOMIC FLUCTUATIONS: IS CURVE; MONETARY POLICY AND AGGREGATE DEMAND; AGGREGATE SUPPLY AND PHILLIPS CURVE; AD-AS MODEL; MACROECONOMIC POLICY AND ANALYSIS OF AGGREGATE DEMAND AND SUPPLY (20 HOURS). (V) LABOUR MARKET, EMPLOYMENT AND UNEMPLOYMENT. FINANCIAL CRISIS; FINANCIAL CRISES IN EMERGING ECONOMIES. FISCAL POLICY AND PUBLIC DEBT (10 HOURS). |
| Teaching Methods | |
|---|---|
| LECTURES; CLASSES AIMED TO EXPLAIN AND CORRECT SETS OF QUESTIONS AND EXERCISES AND TO DISCUSS SOME REAL CASES. THESE SETS ARE DISTRIBUTED DUROIG THE COURSE ARE DOWNLOADABLE FROM PROFESSOR’S WEBSITE. |
| Verification of learning | |
|---|---|
| THE LEVEL OF ACHIEVEMENT OF THE TEACHING OBJECTIVES IS CERTIFIED BY PASSING AN EXAM: THE EVALUATION IS BASED ON A SCALE FROM 18 TO 30. THE FINAL EXAM IS A WRITTEN TEST THAT IS PROPEDEUTIC TO THE ORAL EXAM. THE WRITTEN TEST (DURATION TWO HOURS) IS PASSED WITH A MINIMUM SCORE OF 18/30. IT IS ARTICULATED INTO THREE PARTS: TRUE/FALSE QUESTIONS AND SHORT DEFINITIONS; MULTIPLE CHOICES QUESTIONS TO BE EXPLAINED IN DETAIL; EXERCISES/CASES. THE QUESTIONS ASKED ARE SIMILAR TO THOSE PRESENTED DURING THE COURSE. THE ORAL EXAMINATION CONSISTS OF A DISCUSSION ON THE THEORETICAL AND METHODOLOGICAL CONTENT OF THE COURSE. IT IS AIMED AT VERIFYING THE KNOWLEDGE OF SPECIFIC TOPICS AND TO LINK INDIVIDUAL ARGUMENTS AND MODELS OF ANALYSIS, AND THE ABILITIES TO ARGUE THE EXPLANATION AND COMPARISON OF SIMPLE REAL CASES.. THE EVALUATION OF THE ORAL TEST RANGES FROM A MINIMUM OF -3 POINTS (NEGATIVE SCORE) UP TO A MAXIMUM OF 3 POINTS. THE FINAL EVALUATION IS CALCULATED AS THE SUM OF THE SCORES FROM THE WRITTEN TEST AND THE ORAL TEST. |
| Texts | |
|---|---|
| F. S. MISHKIN (2017), MACROECONOMIA. TEORIA E PRATICA, PEARSON ED., TORINO, CAPP. 1-13, 15, 16, 20 E IL CAPITOLO “APPROFONDIMENTO”. |
| More Information | |
|---|---|
| FREQUENCY NOT MANDATORY, BUT RECOMMENDED. FURTHER INFORMATION AND MATERIALS WILL BE AVAILABLE ON THE TEACHER'S WEB PAGE. |
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