Giuseppe RUSSO | macroeconomics and financial policies
Giuseppe RUSSO macroeconomics and financial policies
cod. 0222200046
MACROECONOMICS AND FINANCIAL POLICIES
| 0222200046 | |
| DEPARTMENT OF ECONOMICS AND STATISTICS | |
| EQF7 | |
| ECONOMICS | |
| 2024/2025 |
| OBBLIGATORIO | |
| YEAR OF COURSE 2 | |
| YEAR OF DIDACTIC SYSTEM 2018 | |
| 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 | |
|---|---|
| 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 | |
|---|---|
| STATIC AND DYNAMIC OPTIMIZATION AND 1ST ORDER DIFFERENTIAL AND DIFFERENCE EQUATIONS |
| Contents | |
|---|---|
| THE COURSE DISCUSSES LONG AND SHORT RUN MACROECONOMIC MODELS AND AIMS TO GIVE THE STUDENTS ADVANCED ANALYTICAL TOOLS FOR THE INTERPRETATION OF THE MAIN MACROECONOMIC ISSUES. CLASSES ARE ORGAZISED ACCORDING TO THE FOLLOWING SCHEME. 1. ECONOMIC GROWTH - EMPIRICAL REGULARITY - PRODUCTION FUNCTION AND ECONOMIC GROWTH - MODELS WITH EXOGENOUS GROWTH - THE SOLOW GROWTH MODEL - THE SOLOW MODEL WITH HUMAN CAPITAL - THE RAMSEY MODEL - CONVERGENCE - ENDOGENOUS GROWTH - TWO-PERIOD MODELS - OLG MODELS 2 PUBLIC SPENDING RICARDIAN EQUIVALENCE AND NON-EQUIVALENCE DEBT AND INTERGENERATIONAL REDISTRIBUTION 3. MONEY MONEY AS A MEDIUM OF EXCHANGE EXISTENCE OF FIAT MONEY IN OLG MODELS PORTFOLIO OPTIMIZATION FINANCIAL MARKETS AND CRISES |
| Teaching Methods | |
|---|---|
| LECTURES (45H) AND EXERCISES (15H) |
| Verification of learning | |
|---|---|
| ACHIEVING THE OBJECTIVES OF LEARNING IS CERTIFIED BY EXAMINATION. THE EXAM 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 | |
|---|---|
| MAIN TEXTBOOK: BARRO ROBERT, SALA-I-MARTIN XAVIER, ECONOMIC GROWTH, MIT PRESS. ROMER D.: ADVANCED MACROECONOMICS, MCGRAW-HILL. SUGGESTED TEXTBOOKS: ACEMOGLU DARON, INTRODUCTION TO MODERN ECONOMIC GROWTH, PRINCETON UNIVERSITY PRESS. OTHER READINGS: HEIJDRA B., VAN DER PLOEG F.: FOUNDATIONS OF MODERN MACROECONOMICS, OXFORD UNIVERSITY PRESS; BAGLIANO FABIO CESARE, BERTOLA GIUSEPPE, METODI DINAMICI E FENOMENI MACROECONOMICI, IL MULINO. LEONARD DANIEL, VAN LONG NGO, OPTIMAL CONTROL THEORY AND STATIC OPTIMIZATION IN ECONOMICS, CAMBRIDGE UNIVERSITY PRESS. DE LA CROIX DAVID, MICHEL PHILIPPE, A THEORY OF ECONOMIC GROWTH: DYNAMICS AND POLICY IN OVERLAPPING GENERATIONS, CAMBRIDGE UNIVERSITY PRESS. BLANCHARD OLIVIER, FISHER STANLEY, LECTURES ON MACROECONOMICS, MIT PRESS |
| More Information | |
|---|---|
| FURTHER READINGS WILL BE PROVIDED DURING CLASSES |
BETA VERSION Data source ESSE3 [Ultima Sincronizzazione: 2025-01-27]
