Luigi ALDIERI | ECONOMIC POLICY

cod. 1212200011

ECONOMIC POLICY

	1212200011
	DIPARTIMENTO DI SCIENZE ECONOMICHE E STATISTICHE
	EQF6
	ADMINISTRATION AND ORGANIZATION
	2018/2019

CURRICULUM ORGANIZZAZIONE DELLE IMPRESE PUBBLICHE E PRIVATE Cohort 2017/2018

	OBBLIGATORIO
	YEAR OF COURSE 2
	YEAR OF DIDACTIC SYSTEM 2016
	PRIMO SEMESTRE

TEACHING UNITS

	SSD	CFU	HOURS	ACTIVITY	TYPE OF ACTIVITY
	SECS-P/02	10	60	LESSONS	COMPULSORY SUBJECTS, CHARACTERISTIC OF THE CLASS

PROFESSORS

	CONCETTO PAOLO VINCI T Curriculum
	LUIGI ALDIERI Curriculum

	Objectives
	THE GOAL IS TO PROVIDE STUDENTS WITH THE BASICS OF MACROECONOMIC POLICY IN GENERAL AND IN MORE DETAIL. SOME OF THE MAIN MODELS, AND THEIR CHARACTERISTICS OF MACROECONOMIC POLICIES, WILL BE EXPLORED. WE WILL ALSO ANALYZE THE FUNCTIONING OF THE LABOR MARKET LEARNING OUTCOMES: KNOWLEDGE AND UNDERSTANDING: KNOWLEDGE OF THE VARIOUS COMPONENTS OF THE REAL SECTOR AND THE FINANCIAL SECTOR OF A MACROECONOMIC SYSTEM, AND HOW THEIR INTERACTION MAY INFLUENCE THE EFFECTIVENESS OF ECONOMIC POLICIES. APPLYING KNOWLEDGE AND UNDERSTANDING: ABILITY TO UNDERSTAND THROUGH A COMPARATIVE ANALYSIS OF DIFFERENT CASE STUDIES AS SIMILAR MEASURES OF POLICY CAN HAVE A DIFFERENT IMPACT, DEPENDING ON THE CONTEXT IN WHICH THEY ARE IMPLEMENTED. MAKING JUDGMENTS: THE STUDENT WILL BE ABLE TO ASSESS WHETHER OR NOT THE ADOPTION OF A SPECIFIC MEASURE IS EFFECTIVE WITH RESPECT TO THE PURSUIT OF A SPECIFIC GOAL SUCH AS, FOR EXAMPLE, PRICE STABILITY OR REDUCTION IN THE UNEMPLOYMENT RATE. COMMUNICATION SKILLS: ABILITY TO CLEARLY DESCRIBE THE PROBLEMS OF A PARTICULAR MACRO-ECONOMIC ENVIRONMENT, AND THE POSSIBLE POLICY MEASURES TO BE IMPLEMENTED. LEARNING SKILLS: ABILITY TO LINK THE SKILLS ACQUIRED DURING THE COURSE, WITH THE KNOWLEDGE GAINED NOT ONLY IN THE CONTEXT OF RELATED ECONOMIC MATTERS, BUT ALSO IN THE CONTEXT OF HISTORICAL DISCIPLINES.

THE GOAL IS TO PROVIDE STUDENTS WITH THE BASICS OF MACROECONOMIC POLICY IN GENERAL AND IN MORE DETAIL. SOME OF THE MAIN MODELS, AND THEIR CHARACTERISTICS OF MACROECONOMIC POLICIES, WILL BE EXPLORED. WE WILL ALSO ANALYZE THE FUNCTIONING OF THE LABOR MARKET

LEARNING OUTCOMES:
KNOWLEDGE AND UNDERSTANDING:
KNOWLEDGE OF THE VARIOUS COMPONENTS OF THE REAL SECTOR AND THE FINANCIAL SECTOR OF A MACROECONOMIC SYSTEM, AND HOW THEIR INTERACTION MAY INFLUENCE THE EFFECTIVENESS OF ECONOMIC POLICIES.
APPLYING KNOWLEDGE AND UNDERSTANDING:
ABILITY TO UNDERSTAND THROUGH A COMPARATIVE ANALYSIS OF DIFFERENT CASE STUDIES AS SIMILAR MEASURES OF POLICY CAN HAVE A DIFFERENT IMPACT, DEPENDING ON THE CONTEXT IN WHICH THEY ARE IMPLEMENTED.
MAKING JUDGMENTS:
THE STUDENT WILL BE ABLE TO ASSESS WHETHER OR NOT THE ADOPTION OF A SPECIFIC MEASURE IS EFFECTIVE WITH RESPECT TO THE PURSUIT OF A SPECIFIC GOAL SUCH AS, FOR EXAMPLE, PRICE STABILITY OR REDUCTION IN THE UNEMPLOYMENT RATE.
COMMUNICATION SKILLS:
ABILITY TO CLEARLY DESCRIBE THE PROBLEMS OF A PARTICULAR MACRO-ECONOMIC ENVIRONMENT, AND THE POSSIBLE POLICY MEASURES TO BE IMPLEMENTED.
LEARNING SKILLS:
ABILITY TO LINK THE SKILLS ACQUIRED DURING THE COURSE, WITH THE KNOWLEDGE GAINED NOT ONLY IN THE CONTEXT OF RELATED ECONOMIC MATTERS, BUT ALSO IN THE CONTEXT OF HISTORICAL DISCIPLINES.

	Prerequisites
	THE COURSE NEEDS FUNDAMENTAL KNOWLEDGE OF MICROECONOMICS AND MATHEMATICS

	Contents
	THE MACROECONOMICS AS SCIENCE. MACROECONOMICS DATA. GDP: WHERE IT COMES FROM AND WHERE IT GOES. MONETARY SYSTEM: WHAT IS IT AND HOW IT WORKS. INFLATION: CAUSES, EFFECTS AND SOCIAL COSTS. OPEN ECONOMY. UNEMPLOYMENT. INTRODUCTION TO ECONOMIC FLUCTUATIONS. AGGREGATE DEMAND I: IS-LM MODEL. AGGREGATE DEMAND II: IS-LM MODEL APPLICATION. REVISED OPEN ECONOMY: MUNDELL-FLEMING MODEL AND EXCHANGE RATES REGIME. AGGREGATE SUPPLY AND SHORT RUN TRADE OFF BETWEEN INFLATION AND UNEMPLOYMENT. CONSUMPTION. INVESTMENT.

Contents

THE MACROECONOMICS AS SCIENCE. MACROECONOMICS DATA. GDP: WHERE IT COMES FROM AND WHERE IT GOES. MONETARY SYSTEM: WHAT IS IT AND HOW IT WORKS. INFLATION: CAUSES, EFFECTS AND SOCIAL COSTS. OPEN ECONOMY. UNEMPLOYMENT. INTRODUCTION TO ECONOMIC FLUCTUATIONS. AGGREGATE DEMAND I: IS-LM MODEL. AGGREGATE DEMAND II: IS-LM MODEL APPLICATION. REVISED OPEN ECONOMY: MUNDELL-FLEMING MODEL AND EXCHANGE RATES REGIME. AGGREGATE SUPPLY AND SHORT RUN TRADE OFF BETWEEN INFLATION AND UNEMPLOYMENT. CONSUMPTION. INVESTMENT.

	Teaching Methods
	LECTURES

	Verification of learning
	WRITTEN AND ORAL EXAM

	Texts
	N. G. MANKIW AND M. P. TAYLOR. MACROECONOMIA. ZANICHELLI. 2015

	More Information
	FURTHER MATERIAL WILL BE DISTRIBUTED FROM THE TEACHER

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Luigi ALDIERI | ECONOMIC POLICY