MACROECONOMICS 2

Academic year
2019/2020 Syllabus of previous years
Official course title
MACROECONOMICS 2
Course code
EM2Q04 (AF:304101 AR:168002)
Modality
On campus classes
ECTS credits
7
Degree level
Master's Degree Programme (DM270)
Educational sector code
SECS-P/02
Period
2nd Semester
Course year
1
Where
VENEZIA
This course belongs to the fundamentals teaching activities of the Master programme in "Economics and Finance" curriculum "Economics - QEM". In line with the educational objectives of the programme, this course focuses on the analysis of macroeconomic models and their empirical validation and thus presents the main conceptual tools necessary for the analysis of microeconomic phenomena. The purpose of the course is to introduce a set of concepts, tools, and techniques used in modern dynamic macroeconomics.

This course aims at deepening the understanding of the topics students have been introduced to in the previous one, Macroeconomics 1. The list of topics covered in that course is broad enough to ask for, at least, a second round. Which is what the course will try to provide, by taking as our point of departure, on every single item, the concepts learned in Macro 1 and then going,
hopefully, further.
Regular and active participation in teaching activities offered by the course and individual study will enable students to:

- analyze intertemporal dynamic optimization choices;
- gauge the role of uncertainty, complete/incomplete markets, assumptions on individual preferences in determining consumption and saving choices;
- examine steady state equilibrium and dynamics in labour markets in presence of labour market frictions;
- detecting empirical issues in the analysis of aggregate data;
- analyse empirical results from the literature and macroeconomics stylized facts.

Probability and Statistics, Optimization, Macroeconomics I, Microeconomics I.
Here is a list of the seven topics covered through in Macro 1

1. Growth Facts
2. Theory of Growth
3. Consumption/Saving Theory
4. Real Business Cycle
5. Dynamic Stochastic General Equilibrium (DSGE) Model
6. Topics at the Frontier
7. The Role of Money

Because there are 10 weeks of class, with three meetings each, we will allocate about four meetings to each topic, leaving the remaining two classes as a buffer. In fact, we will use the first
class to do a quick in-class review of what you believe to know (in fact: especially of what you have doubts about or do not know) so that we can all agree on what the initial conditions are.

In order to prepare for that initial class, and the course, a few questions for each one will be circulated in advance.
A webpage for the course will be active on the e-learning platform at moodle.unive.it. The page will contain references for additional readings from scientific journals, exercises, details on the weakly program and lectures and other materials.
In each academic year, there are 4 exam sessions. The first session takes place during the first semester. It is articulated in a midterm take home exam on the contents of Part A and a final examination on the contents of the whole course. The final written evaluation is obtained as a weighted average of the two examinations. The remaining sessions (from June until January) present a single comprehensive examination on the full contents of the course. Questions and exercises are chosen to test whether students have acquired the knowledge about the foundations of the macroeconomic analysis and ability to apply to concepts to the analysis of macroeconomic phenomena.
The course follows a rather conventional teaching approach based on lectures and discussions.
English
Accessibility, Disability and Inclusion
Accommodation and support services for students with disabilities and students with specific learning impairments

Ca' Foscari abides by Italian Law (Law 17/1999; Law 170/2010) regarding support services and accommodation available to students with disabilities. This includes students with mobility, visual, hearing and other disabilities (Law 17/1999), and specific learning impairments (Law 170/2010). If you have a disability or impairment that requires accommodations (i.e., alternate testing, readers, note takers or interpreters) please contact the Disability and Accessibility Offices in Student Services: disabilita@unive.it.
written
Definitive programme.
Last update of the programme: 10/01/2020