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EUROPEAN MACROECONOMICS
SIMONE MARSIGLIO
Academic year2021/22
CourseMANAGEMENT FOR BUSINESS AND ECONOMICS
Code539PP
Credits9
PeriodSemester 1
LanguageEnglish

ModulesAreaTypeHoursTeacher(s)
EUROPEAN MACROECONOMICSSECS-P/02LEZIONI63
SIMONE MARSIGLIO unimap
Syllabus not available in selected language
Learning outcomes
Knowledge

The aim of the course is to provide students with a full understanding of macroeconomics from a European perspective, with a broad coverage of main topics and problems relevant in modern economies. We will study the working mechanisms of the goods market, the financial markets and the labor market, and their interconnections and implications in determining the evolution of output, prices, unemployment, interest rates and exchange rates in the short, medium, and long run.

Assessment criteria of knowledge

Knowlede will be assessed through formal examination,  and the exam will take a written form. The lecturer may discretionary requre students to take part also in an oral exam to further assess their knowledge.

Skills

At the end of the course students will be able to understand the main determinants of macroeconomic outcomes, such as growth, unemployment, inflation, business cycles, and the impacts of different policies (especially fiscal and monetary policies), both in a closed and open economy setting.

Assessment criteria of skills

Skills will be assessed through formal examination.

Behaviors

Students will be able to assess the consequences of the different policy options. They will also be able to understand and analyze newspaper and journal articles related to macroeconomic issues.

Assessment criteria of behaviors

Behaviors will be assessed through formal examination.

Prerequisites

Principles of Economics and Principles of Mathematics

Syllabus
  • Introduction
  • Short run (goods market; financial market; IS-LM model)
  • Medium run (labor market; AS-AD model; Phillips curve; output, inflation and money relation)
  • Long run (growth; capital accumulation; capital accumulation and technological progress; technological progress over different time frames)
  • Expectations (basis; financial market; consumption and investment; output and policy)
  • Open economies (openness; goods market; output, interest rate and exchange rate relation; exchange rate regimes)
  • Pathologies (global financial crisis; high public debt; high inflation)

 

Bibliography
  • Blanchard O., Amighini A., Giavazzi F. (2010). “Macroeconomics - A European Perspective” (Prentice Hall)
  • Slides
  • Student notes
Assessment methods

Closed-book written exam (multiple choice questions, short answer questions, numerical and graphical questions)

Updated: 17/07/2021 14:35