Giuseppe RUSSO | Macroeconomics
Giuseppe RUSSO Macroeconomics
cod. 0212100005
MACROECONOMICS
| 0212100005 | |
| DEPARTMENT OF ECONOMICS AND STATISTICS | |
| EQF6 | |
| BUSINESS ADMINISTRATION | |
| 2021/2022 |
| OBBLIGATORIO | |
| YEAR OF COURSE 2 | |
| YEAR OF DIDACTIC SYSTEM 2016 | |
| AUTUMN SEMESTER |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/02 | 10 | 60 | LESSONS |
| Objectives | |
|---|---|
| THE MAIN OBJECTIVES OF THE COURSE ARE TO INTRODUCE STUDENTS TO BASIC MACROECONOMIC MODELS AND ILLUSTRATE THEIR POLICY IMPLICATIONS IN CLOSED AND OPEN ECONOMIES. STUDENTS ARE EXPECTED TO DEVELOP KNOWLEDGE AND ABILITIES AS FOLLOWS: -KNOWLEDGE OF THE COMPONENTS OF THE REAL AND FINANCIAL SECTORS OF ECONOMIC SYSTEMS; - THE ABILITY TO UNDERSTAND HOW THEIR INTERACTION MAY INFLUENCE THE EFFECTIVENESS OF ECONOMIC POLICIES; -THE ABILITY TO EVALUATE THE EFFECTIVENESS OF ECONOMIC POLICIES THROUGH A COMPARATIVE ANALYSIS OF DIFFERENT ECONOMIES WITHIN THE CONTEXT OF GLOBALIZATION. |
| Prerequisites | |
|---|---|
| TO BE ADMITTED TO THE COURSE, STUDENTS MUST HAVE PASSED THE EXAM OF MICROECONOMICS. STRAIGHT LINES IN THE X,Y SPACE AND BASIC ELEMENTS OF CALCULUS (SERIES, LIMITS, DERIVATIVES, INTEGRALS). BASIC STATISTICS. |
| Contents | |
|---|---|
| WE STUDY THE IMPACT OF MONETARY AND FISCAL POLICY IN A CLOSED ECONOMY -THE ANALYSIS IS SUBSEQUENTLY EXTENDED TO OPEN ECONOMIES BY COVERING THE FOLLOWING TOPICS 1.THE BALANCE OF PAYMENTS; 2. THE GOODS MARKET; INTEREST RATE AND EXCHANGE RATE; 3. THE OPEN ECONOMY; 4. ECONOMIC POLICY IN AN OPEN ECONOMY. -THE AGGREGATE DEMAND AND SUPPLY MODEL IS PRESENTED AND THE EFFECTS OF MACROECONOMIC POLICIES ARE INVESTIGATED. THE DETERMINANTS OF LONG TERM UNEMPLOYMENT AND INFLATION ARE THEN ANALYZED. FINALLY, ECONOMIC GROWTH WILL BE OUTLINED. THE COURSE PROVIDES 46 HOURS OF LECTURES AND 14 HOURS OF EXERCISE IN SMALL GROUPS. |
| Teaching Methods | |
|---|---|
| LECTURES, SEMINARS, EXERCISES IN SMALL GROUPS, TUTORSHIP |
| Verification of learning | |
|---|---|
| 2 HOUR WRITTEN EXAMINATION IN ORDER TO ASSESS WHETHER STUDENTS ARE ABLE TO IDENTIFY THE INTERCONNECTIONS AMONG THE PARTS OF AN ECONOMIC SYSTEM AND TO APPLY THEIR KNOWLEDGE TO SPECIFIC ECONOMIC CONTEXTS. THE WRITTEN EXAMINATION CONSIST OF EXERCISES AND OPEN-ENDED QUESTIONS. THE QUESTIONS CONCERN ALL TOPICS DEALT WITH DURING THE COURSE. GRADES ARE ON A SCALE OF 30. |
| Texts | |
|---|---|
| MACROECONOMICS. A EUROPEAN TEXT. AUTHORS: M. BURDA, C. WYPLOSZ PUBLISHER: OXFORD UNIVERSITY PRESS IN CASE OF 5FTH PANDEMIC WAVE AND ONLINE CLASSES: MACROEOCONOMICS: UNDERSTANDING THE GLOBAL ECONOMY. AUTHORS: MILES, SCOTT, BREEDON. PUBLISHER: JOHN WILEY & SONS. |
| More Information | |
|---|---|
| OTHER TEXBOOKS: MACROECONOMICS: A EUROPEAN PERSPECTIVE, AUTHOR: BLANCHARD. PUBLISHER: PRENTICE-HALL. |
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