Social sciences and humanities
Subject: MACROECONOMICS (A.A. 2024/2025)
The course focuses on important topics in macroeconomics which are not covered in the introductory macroeconomic course.
At the end of the course the student should be able to understand the main issues covered by the macroeconomic literature.
Course material is available at the Moodle webpage
The content of Introductory macroeconomics and Introductory microeconomics represent useful reprequisites. More specifically, we will use national accounting concepts, the IS-LM model, decision models for the consumer and the firm.
Long-run economic growth: growth stylized facts; saving, investment and capital accumulation; human capita, technological progress (2 CFU).
Expectations, financial markets, consumption and investment, economic policy: definition of expectations; bonds and shares; microfoundation of consumption and investment (2 CFU).
The open economy: the exchange rate; fixed and flexible exchange rates; the euro (0,5 CFU).
Economic policies: public debt; monetary and fiscal policies; uncertainty and expectations (1,5 CFU).
The course is offered in Italian. It is delivered face-to-face. Attendance is optional. Each topic will be explained theoretically with the aid of graphs and analytical formulas, using simple mathematical concepts. Whenever possible, for each topic examples and applications will be provided. For each topic included in the exam, review sessions will be offered in class to strengthen the understanding and to supply a precise idea of the test structure.
Evaluation: Written exam with three questions, each divided into two parts. Each part is worth 5 points. An additional point will be added as a bonus, to allow the maximum score even when small imperfections are present. The exam lasts for one hours. Different modes may be set in case of online exams. Results will be announced within approximately 10 days; the date of publication will be announced on the day of the exam. The exams will be accessible during office hours in two dates announced on the day of the exam. In preparation of the exam, problem sets taken from the Guide will be assigned and solved during the lectures. An example of an exam is posted on Moodle.
Knowledge and ability to undestand: Through class lectures and assigned readings the student learns the main methods of modern macroeconomics and reaches the ability to understand the macroeconomic literature.
Ability to apply knowledge and understanding: Through the review sessions in class, the student is able to apply the acquired skills to the understanding of economic policies.
Autonomy of judgement: Through the study of the assigned readings the student is able to understand, critically discuss and expose theoretical models and applications to macroeconomic policy.
Communication ability: The written test allows to develop the ability to present the acquired knowledge in an effective and concise manner; to express the learnt concepts with an appropriate language and to participate in a discussion on the covered topics.
Ability to learn: The described activities allow the student to acquire the methodological tools to continue her education and to upgrade it on his own.
Olivier Blanchard, Alessia Amighini e Francesco Giavazzi (BAG), Macroeconomia, Il Mulino, edizione 2020.
D.W. Findlay, Esercizi di macroecomia. Guida allo studio del testo di BAG, il Mulino, edizione 2021.