Giuseppe RUSSO | Macroeconomics
Giuseppe RUSSO Macroeconomics
cod. 0212100005
MACROECONOMICS
| 0212100005 | |
| DEPARTMENT OF ECONOMICS AND STATISTICS | |
| EQF6 | |
| BUSINESS ADMINISTRATION | |
| 2024/2025 |
| OBBLIGATORIO | |
| YEAR OF COURSE 2 | |
| YEAR OF DIDACTIC SYSTEM 2016 | |
| AUTUMN SEMESTER |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/02 | 10 | 60 | LESSONS |
| Exam | Date | Session | |
|---|---|---|---|
| RUSSO | 03/02/2025 - 14:00 | SESSIONE ORDINARIA | |
| RUSSO | 03/02/2025 - 14:00 | SESSIONE DI RECUPERO | |
| RUSSO | 14/04/2025 - 10:00 | SESSIONE ORDINARIA |
| Objectives | |
|---|---|
| OBJECTIVES: 1. UNDERSTANDING THE FUNDAMENTAL PRINCIPLES: LEARN THE BASIC CONCEPTS OF MACROECONOMICS, SUCH AS NATIONAL INCOME, OUTPUT, EMPLOYMENT AND INFLATION. 2. ANALYZING MACROECONOMIC POLICIES: STUDY GOVERNMENT POLICIES THAT AFFECT THE ECONOMY AS A WHOLE, SUCH AS FISCAL POLICY AND MONETARY POLICY. 3. EXAMINE MACROECONOMIC THEORIES: LEARN MORE ABOUT THE MAIN MACROECONOMIC THEORIES, SUCH AS KEYNESIANISM, MONETARISM AND NEW CLASSICAL ECONOMICS. 4. INTERPRETING ECONOMIC INDICATORS: LEARN TO READ AND INTERPRET MACROECONOMIC INDICATORS, SUCH AS GDP, THE CONSUMER PRICE INDEX AND UNEMPLOYMENT. 5. UNDERSTANDING ECONOMIC FLUCTUATIONS AND GROWTH: ANALYZE THE CAUSES AND EFFECTS OF ECONOMIC FLUCTUATIONS, SUCH AS BUSINESS CYCLES, RECESSIONS, AND EXPANSIONS. 6. STUDYING THE OPEN ECONOMY, THAT IS, THE INTERCONNECTION OF THE NATIONAL ECONOMY WITH THE GLOBAL ECONOMY, INCLUDING TRADE FLOWS, INTERNATIONAL INVESTMENTS AND TRADE POLICIES. 7. APPLY MODELS AND ANALYTICAL TOOLS: USE MODELS AND ANALYTICAL TOOLS TO EVALUATE ECONOMIC SCENARIOS, MAKE ECONOMIC POLICY DECISIONS, AND PREDICT ECONOMIC OUTCOMES. 8. DEVELOP CRITICAL REASONING SKILLS: IMPROVE CRITICAL AND ANALYTICAL THINKING SKILLS IN THE INTERPRETATION AND EVALUATION OF MACROECONOMIC PHENOMENA. |
| 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 EXERCISES IN SMALL GROUPS. |
| Teaching Methods | |
|---|---|
| LECTURES (40H), SEMINARS, EXERCISES IN SMALL GROUPS (20H), 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. THE SUFFICIENCY THRESHOLD IS 18. |
| Texts | |
|---|---|
| TEXTBOOK: MACROECONOMICS AUTHORS ABEL A., BERNANKE B., CROUSHORE D., BOTTAZZI L. PUBLISHER: PEARSON EDUCATION |
| More Information | |
|---|---|
| OTHER TEXBOOKS: MACROECONOMICS: A EUROPEAN PERSPECTIVE, AUTHOR: BLANCHARD. PUBLISHER: PRENTICE-HALL. |
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