Academic year2020/21
CourseECONOMICS
Code257PP
Credits12
PeriodSemester 2
LanguageEnglish
| Modules | Area | Type | Hours | Teacher(s) |
| ADVANCED MACROECONOMICS | SECS-P/01 | LEZIONI | 84 | |
Knowledge
By the end of the course the students should have developed skills that will enable them to autonomously and critically discuss articles published on the major economic journals concerning economic growth, consumption and investment theories, theories of economic fluctuations.
The student who successfully completes the course will have the ability to master some relevant optimization techniques that are commonly used in modern macroeconomics.
Assessment criteria of knowledge
- The student will be assessed on his/her demonstrated ability to discuss the main course contents using the appropriate terminology.
- In the written exam the student must demonstrate his/her knowledge of the course material and to organise an effective and correctly written reply.
Methods:
- Final written exam
- Homeworks
Skills
Theoretical and quantitative skills related to macroeconomic models
Assessment criteria of skills
Oral and written examinations and homeworks
Behaviors
The student should be able to read the most of specialized journals in macroeconomics
Assessment criteria of behaviors
Oral and written examinations and homeworks.
Prerequisites
Basics of macroeconomic and microeconomic theory.
Teaching methods
Delivery: face to face and in streaming
Attendance: very advised
Learning activities:
- attending lectures
- individual study
Teaching methods:
- Lectures
- Laboratories with tutors
Syllabus
The first module on the dynamics in the long run is organized as follows:
- Solow model of economic growth
- Golden Rule
- Natural resources and growth
- Exogenous growth with intertemporal optimizing agents
- Poverty traps and structural change
- Human capital and growth
- Knowledge and growth
- Innovation and growth
- Public debt
- Inequality
The second module is organized as follows:
- Consumption and the permanent income hypothesis
- Workhorses of (neoclassical) modern macro: RBC and DSGE
- Monetary policy
- Fiscal policy
The third module examines alternative macroeconomic theories and it is organized as follows:
- macroeconomic stylized facts
- classical macroeconomics
- Keynesian macroeconomics
- the neoclassical synthesis
- monetarism
- the new classicals
- the new neoclassical synthesis
Bibliography
- Lecture notes
- Papers discussed in the lectures
- Romer, David. Advanced Macroeconomics. McGraw Hill, 2019
- Olivier J. Blanchard and S. Fischer, Lectures in Macroeconomics, M.I.T. Press, 1989
- Carlin W. and Soskice D. , Macroeconomics. Imperfections, Institutions, and Policies, Oxford University Press, 2014
- Bagliano, F.C. e Bertola, G. (2006): "Models for Dynamic Macroeconomics”, Oxford Economic Press
Non-attending students info
The same rules applied to attending students
Assessment methods
- If evaluation is in presence, the overall mark is the result of a written examination (3.5 hours of length, 3 modules, minimum score of 15 out of 30 in each module) plus a maximum of 2 points for tutorials. The mark on Fiaschi's module will be based for 67.77% on the homework's marks and 33.33% on the oral examination's mark.
- If evaluation is not in presence, the overall mark is the joint result of a oral examination for each one of the three modules (minimum score of 15 out of 30 in each of three modules) plus a maximum of 2 points for tutorials. The mark on Fiaschi's module will be based for 67.77% on the homework's marks and 33.33% on the oral examination's mark. The mark of Lamperti will be also based on a short written examination before the oral examination.
- Marks on Fiaschi's homework, Lamperti's short written examination and tutorials are valid within the exam summer session (June-September). After September students will loose the additional points for tutorials and they should take the whole programs of three modules to oral examination.
Updated: 16/02/2021 20:38
