6819 - MACROECONOMICS
Academic Year 2020/2021
Free text for the University
ADRIANA DI LIBERTO (Tit.)
- Teaching style
Blend/modalità mista, Convenzionale
- Lingua Insegnamento
|[11/75] BUSINESS AND ECONOMICS||[75/15 - Ord. 2017] AMMINISTRAZIONE E CONTROLLO||9||54|
|[11/75] BUSINESS AND ECONOMICS||[75/35 - Ord. 2017] MARKETING E ORGANIZZAZIONE||9||54|
The course aims to provide students with the knowledge of the basic economics models that describe the public policies objectives in modern market economies.
Consistent with the educational objectives and following the framework of the Dublin Descriptors, the course addresses:
- Knowledge and understanding: understand the role played by the principal macroeconomic variables through the use of models; appraise the meaning and the effects of the economic policies pursued by the Government, Central Bank, and other economic institutions.
- Applying knowledge and understanding: Understand the role of assumptions in arguments, solve economic problems using models, graphs and algebra.
- Making judgements: know how to collect and interpret data in order to understand and evaluate current economic events and new economic ideas; compare two or more arguments that have different conclusions to a specific issue or problem.
- Communication skills: Communicate in written, spoken, and graphical form about specific economic issues, even by using graphs and equations, to experts and non-experts.
- Learning skills: the methodological approach, based on quantitative methods and models, enables the students to successfully embark on further study.
Mathematics: basic linear algebra and differential calculus.
Microeconomics: Consumer and producer theory; supply, demand and market equilibrium.
Statistics: graphical and numerical description of data; independence and relationship indices; regression.
- Introduction: the science and the data of macroeconomics;
- The economy in the long run: national income, monetary system, inflation, the open economy, unemployment.
- Growth theory
- the short run: economic fluctuations, IS-LM model, Mundell-Fleming model, aggregate supply and Phillips curve
- Macroeconomic policy debate: stabilization policy, government debt, common currency areas, European Economic and Monetary Union;
- More on microeconomics behind macroeconomics: consumption, investment, the financial system.
27 (2 hours each) lectures.
To meet specific educational needs related to the epidemiological situation, the possibility of live streaming lessons or recordings of the same available online is provided. Furthermore, the exercises can be carried out by means of remote interaction forms with the available IT supports.
Verification of learning
Written exam with two sections. The first includes multiple choice questions. The second may include both theoretical questions (assessment of knowledge and understanding ) and/or exercises ( assessment of the ability to apply knowledge and understanding ) and iii) the ability to analyze a case referred to reality (evaluation of the autonomy of judgment). To pass the exam a minimum threshold in the multiple choice questions part has to be reached (the open-ended questions will not be assessed). The use of an appropriate language is an additional element of the exam's assessment (assessment of communication skills ).
The final grade is out of thirty.
To determine the final grade the following elements will be considered :
1. The proper use of the model .
2. The ability to explain through an intuitive language the solution.
3. The use of algebra .
4. The use of graphs.
To achieve the maximum score (30 cum laude), the student must show to have acquired an excellent knowledge of all the topics covered during the course. To pass the exam (18 out of 30), the student must demonstrate that they have acquired sufficient knowledge of the subjects .
N. G. Mankiw- M.P. Taylor, Macroeconomia, sixth Italian edition, Zanichelli.
More details regarding the intermediate and final exams will be provided during the course. In view of the present situation with the Coronavirus (COVID-19) the following guidelines may be subject to changes.