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.

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.

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.

Skills will be assessed through formal examination.

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.

Behaviors will be assessed through formal examination.