This course will provide analytical tools and formal models to explain the behavior of output, inflation, employment, interest rates, exchange rates, and other aggregate economic quantities. This set of tools is used to understand current economic issues, forecast the behavior of the economy, and assess the impact of policy choices. This course is meant to train students to think in a structured, analytically rigorous way about macroeconomic questions. This training will allow students to use macroeconomics as an analytical tool rather than a set of assorted theories. Finally, it will help prepare students entering graduate education or starting careers in management, finance, or economic policy-making.
Introduction to the main topics in macroeconomics.
Introduction to National Accounting.
The expenditure income model: a description of the goods market.
The role of money. The financial (or money) market model.
The IS-LM model. Equilibrium of the economy in the short-run. Analysis of economic shocks and economic policies.
The labor market model and the medium-run equilibrium.
Aggregate demand and aggregate supply. The goods, financial, and labor market together in the AD-AS model. Fiscal and Monetary Policy in the short and medium run.
Opening the goods and financial market. Balance of trade and capital mobility. The "open economy" extension of the IS-LM model
Testi di riferimento
Macroeconomics, 5th or 6th edition, O. Blanchard
Modalità di esame
Modalità di verifica dell'apprendimento
The written exam can include both theoretical and numerical exercises.
Traditonal lectures with both the projection of slides and the use of whiteboards.
Lingua di insegnamento
- Insegnamento sostenibile
- CFU sostenibili: 3
- Piattaforme e-learning, moodle
- Utilizzo strumenti open-source
Data ultima modifica programma