Giuseppe RUSSO | Macroeconomics
Giuseppe RUSSO Macroeconomics
cod. 0212100005
MACROECONOMICS
| 0212100005 | |
| DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE | |
| EQF6 | |
| BUSINESS ADMINISTRATION | |
| 2020/2021 |
| OBBLIGATORIO | |
| YEAR OF COURSE 2 | |
| YEAR OF DIDACTIC SYSTEM 2016 | |
| PRIMO SEMESTRE |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/02 | 10 | 60 | LESSONS |
| Objectives | |
|---|---|
| KNOWLEDGE AND UNDERSTANDING: STUDENTS WILL BE INTRODUCED TO MODELS THAT ANALYZE THE BEHAVIOR OF THE PARTICIPANTS INVOLVED IN THE EXCHANGE OF GOODS, SERVICES AND PRODUCTION FACTORS AND HOW THE MARKETS OPERATE AS TOOLS FOR COORDINATING INDIVIDUAL DECISIONS. MOREOVER, SHE WILL MASTER THE NOTIONS OF MACROECONOMIC ANALYSIS AND ECONOMIC POLICY (AGGREGATE ECONOMIC QUANTITIES, INTERTEMPORAL CHOICES, FISCAL AND MONETARY POLICIES IN CLOSED AND OPEN ECONOMIES) AS WELL AS THE MAIN FEATURES OF ECONOMIC RELATIONS BETWEEN COUNTRIES AND THE DETERMINANTS OF INTERNATIONAL TRADE IN GOODS AND SERVICES. ABILITY TO APPLY KNOWLEDGE AND UNDERSTANDING: STUDENTS WILL BE ABLE TO INTERPRET THE MAIN PHENOMENA THAT CHARACTERIZE THE FUNCTIONING OF AN ECONOMIC SYSTEM AND THE BEHAVIOR OF AGENTS AND WILL BE ABLE TO CRITICALLY ASSESS THE ROLE OF THE STATE IN MARKETS AND FORMS OF PUBLIC INTERVENTION IN THE ECONOMY. |
| Prerequisites | |
|---|---|
| STRAIGHT LINES IN THE X,Y SPACE AND BASIC ELEMENTS OF CALCULUS (SERIES, LIMITS, DERIVATIVES, INTEGRALS).ELEMENTARY STATISTICS |
| 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, SEMINARS,INDIVIDUAL TUTORIALS |
| Verification of learning | |
|---|---|
| ACHIEVING THE OBJECTIVES OF LEARNING IS CERTIFIED BY EXAMINATION. THE EXAMINATION PROVIDES A WRITTEN TEST THAT IS PASSED WITH A MINIMUM VOTE OF 18/30 AND A MAXIMUM OF 30/30. THE TEST OF 60 MINUTES IS FINALIZED TO A TRANSPARENT AND OBJECTIVE EVALUATION OF THE KNOWLEDGE AND LEARNING CAPABILITY OF THE STUDENT. THE TEST IS STRUCTURED IN FIVE EXERCISES. TWO EXERCISES REQUIRE THE REPRODUCTION OF MODELS STUDIED IN THE COURSE. TWO EXERCISES REQUIRE THE APPLICATION OF THE METHODOLOGY ACQUIRED DURING THE CLASSES TO SOLVE A PROBLEM. A HIGHER-LEVEL EXERCISE GIVES THE STUDENT THE POSSIBILITY TO COMPLETELY SHOW HIS COMPETENCES. THE STUDENT IS INFORMED OF THE SCORE CORRESPONDING TO ANY EXERCISE. ANY ANSWER MUST CONTAIN A BRIEF COMMENT AND/OR A GRAPHIC DESCRIPTION. THE ANSWERS ARE THEREFORE COMPARABLE TO PRE-DETERMINED CRITERIA FOR CORRECTION. IN SUCH A WAY, IT IS POSSIBLE NOT ONLY TO KNOW THE KNOWLEDGE AND THE ABILITY OF THE STUDENT BUT ALSO HIS ABILITY TO EXHIBIT THE ARGUMENTS WITH THE APPROPRIATE TERMINOLOGY. THE USE OF TEXTBOOKS, PCS AND SMARTPHONES IS STRICTLY FORBIDDEN; ONLY A CALCULATOR IS ALLOWED. |
| Texts | |
|---|---|
| ABEL A., BERNANKE B., CROUSHORE D., BOTTAZZI L. MACROEOCONOMICS, EIGHT ED., PEARSON EDUCATION; MILES D., SCOTT A., BREEDON F. MACROEOCONOMICS: UNDERSTANDING THE GLOBAL ECONOMY 3RD ED. JOHN WILEY & SONS (IN CASE OF WEB CLASSES) |
| More Information | |
|---|---|
| ATTENDANCE IS RECOMMENDED. PLEASE CHECK THE PROFESSOR'S WEB PAGE FOR UPDATED INFORMATION IN CASE OF WEB CLASSES. |
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