Giuseppe RUSSO | macroeconomics and financial policies
Giuseppe RUSSO macroeconomics and financial policies
cod. 0222200046
MACROECONOMICS AND FINANCIAL POLICIES
0222200046 | |
DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE | |
ECONOMICS | |
2015/2016 |
OBBLIGATORIO | |
YEAR OF COURSE 2 | |
YEAR OF DIDACTIC SYSTEM 2014 | |
PRIMO SEMESTRE |
SSD | CFU | HOURS | ACTIVITY | ||
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MACROECONOMIA E POLITICHE FINANZIARIE MOD1 | |||||
SECS-P/01 | 5 | 30 | LESSONS | ||
MACROECONOMIA E POLITICHE FINANZIARIE MOD2 | |||||
SECS-P/02 | 5 | 30 | LESSONS |
Objectives | |
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KNOWLEDGE AND UNDERSTANDING: AIM OF THE COURSE IS TO PROVIDE STUDENTS WITH METHODOLOGICAL TOOLS FOR UNDERSTANDING THE MOST WIDESPREAD CONCEPTS OF DYNAMIC 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 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 ADVANCED MACROECONOMIC MODELS AND BE INTRODUCED TO DOCTORAL STUDIES. |
Prerequisites | |
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STATIC AND DYNAMIC OPTIMIZATION AND 1ST ORDER DIFFERENTIAL AND DIFFERENCE EQUATIONS |
Contents | |
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THE COURSE DISCUSSES THE ANALYSIS OF LONG AND SHORT RUN MACROECONOMIC MODELS AND AIMS TO GIVE TO STUDENTS ADVANCED ANALYTICAL TOOLS FOR THE INTERPRETATION OF THE MAIN MACRO-ECONOMIC ISSUES. LESSONS WILL BE DIVIDED ACCORDING TO THE SCHEME PRESENTED BELOW, CHANGES MIGHT BE DUE DEPENDING ON THE SITUATION THAT WILL ARISE. 1. ECONOMIC GROWTH - EMPIRICAL REGULARITY - PRODUCTION FUNCTION AND ECONOMIC GROWTH - MODELS WITH EXOGENOUS GROWTH - SOLOW'S GROWTH MODEL - SOLOW'S GROWTH MODEL WITH HUMAN CAPITAL - ENDOGENOUS GROWTH MODELS - SOLOW'S GROWTH MODEL WITH R & D 2. BUSINESS CYCLE ANALYSIS - EMPIRICAL REGULARITY - THE REAL BUSINESS CYCLE - MODELS WITH MARKET IMPERFECTIONS - MICROECONOMIC FOUNDATIONS OF NOMINAL RIGIDITY - PROBLEMS OF COORDINATION, EXCHANGE AND RESEARCH EXTERNALITIES - CREDIT MARKET CRISIS AND THE FINANCIAL 2008-2010. - PUBLIC SPENDING AND DEBT. |
Teaching Methods | |
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LECTURES AND EXERCISES |
Verification of learning | |
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MID-TERM EXAM, FINAL EXAM; COMPREHENSIVE EXAMS |
Texts | |
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MAIN TEXTBOOK: DAVID ROMER, ADVANCED MACROECONOMICS, MCGRAW-HILL. FURTHER READINGS: BAGLIANO FABIO CESARE, BERTOLA GIUSEPPE, MODELS FOR DYNAMIC MACROECONOMICS, OXFORD UNIVERSITY PRESS. DE LA CROIX DAVID, MICHEL PHILIPPE, A THEORY OF ECONOMIC GROWTH: DYNAMICS AND POLICY IN OVERLAPPING GENERATIONS, CAMBRIDGE UNIVERSITY PRESS. BARRO ROBERT, SALA-I-MARTIN XAVIER, ECONOMIC GROWTH, MIT PRESS. BLANCHARD OLIVIER, FISHER STANLEY, LECTURES ON MACROECONOMICS, MIT PRESS |
More Information | |
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FURTHER READINGS WILL BE SUGGESTED |
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