macroeconomics and financial policies

Matteo FRAGETTA 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
CFUHOURSACTIVITY
1MACROECONOMIA E POLITICHE FINANZIARIE MOD1
530LESSONS
2MACROECONOMIA E POLITICHE FINANZIARIE MOD2
530LESSONS
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 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
LECTURES AND EXERCISES
Verification of learning
MID-TERM EXAM, FINAL EXAM; COMPREHENSIVE EXAMS
Texts
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
FURTHER READINGS WILL BE SUGGESTED
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