Macroeconomics

Giuseppe RUSSO Macroeconomics

0212100005
DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE
BUSINESS ADMINISTRATION
2015/2016

OBBLIGATORIO
YEAR OF COURSE 2
YEAR OF DIDACTIC SYSTEM 2014
PRIMO SEMESTRE
CFUHOURSACTIVITY
1060LESSONS


Objectives
KNOWLEDGE AND UNDERSTANDING: AIM OF THE COURSE IS TO PROVIDE STUDENTS WITH METHODOLOGICAL TOOLS FOR UNDERSTANDING THE MOST WIDESPREAD CONCEPTS OF MACROECONOMIC ANALYSIS.

APPLYING KNOWLEDGE AND UNDERSTANDING: AIM OF THE COURSE IS TO PROVIDE STUDENTS WITH THE ABILITY TO INTERPRET MACROECONOMIC ISSUES THROUGH THEORETICAL MODELS AND PRODUCE SIMPLE PREDICTIONS ABOUT ECONOMIC POLICIES.

MAKING JUDGEMENTS: WE EXPECT THAT IN MACROECONOMIC ANALYSIS STUDENTS WILL BE ABLE TO CRITICALLY SELECT THE ANALYTICAL MODELS WHICH BEST RESPOND TO THE FEATURES OF THE PROBLEM OBJECT OF STUDY.

COMMUNICATION SKILLS: AIM OF THE COURSE IS THAT STUDENTS WILL BE ABLE TO PRESENT TO A NON-TECHNICAL AUDIENCE THE RESULTS OBTAINED.

LEARNING SKILLS: AIM OF THE COURSE IS THAT STUDENTS WILL BE ABLE TO APPLY BASIC MACROECONOMIC MODELS AND BE INTRODUCED TO DYNAMIC ANALYSIS.
Prerequisites
STRAIGHT LINES IN THE X,Y SPACE AND BASIC ELEMENTS OF CALCULUS (SERIES, LIMITS, DERIVATIVES, INTEGRALS).
Contents
PRINCIPLES OF MACROECONOMICS: OUTPUT, MONEY, INFLATION, UNEMPLOYMENT. THE IS-LM MODEL IN CLOSED AND OPEN ECONOMIES.
FISCAL AND MONETARY POLICIES. THE KEYNESIAN MULTIPLIER. MODELS OF LABOUR MARKET AND THE PHILLIPS CURVE, EXPECTATIONS AND THE LUCAS CRITIQUE, CREDIBILITY, GROWTH, PUBLIC DEBT.
Teaching Methods
LECTURES AND EXERCISES
Verification of learning
MID-TERM EXAM; WRITTEN AND ORAL FINAL EXAM
Texts
BLANCHARD O., "MACROECONOMICS", PEARSON EDUCATION INC., PRENTICE-HALL
More Information
ATTENDANCE TO CLASSES AND PARTICIPATION TO THE MID-TERM EXAM IS WARMLY RECOMMENDED.
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