Acquisition of the basic knowledge of the economic system as a whole, through an educational program that includes both lectures and practical classes. The first part of the course will introduce students to the basic knowledge of macro-economic magnitudes and variables: domestic product, aggregate consumption and investment, employment and unemployment, the general price level, public budget and international commercial flows. In the following part of the course, students will explore and compare the main theoretical interpretations of the working of the macro-economic system and their policy prescriptions.
Curriculum
Canali
teacher profile teaching materials
2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Programme
1. National accounting system: basic defintions and identities. Main macroeconomic indicators2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Reference Bibliography
optional supplementary readings 3) M.Pivetti, Economia Politica, Laterza, 2002 4) M. Corsi, A. Roncaglia, Nuovi lineamenti di economia politica, Laterza 2017Type of delivery of the course
30 two-hour lectures (60 hours in all) and a weekly supplementary practical classAttendance
Attendance is advised but not compulsoryType of evaluation
Written exam with exercises, multiple choice questions and open questions. Oral exam a few days later teacher profile teaching materials
2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Macroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Programme
The Economic system. Definitions and measurement of the main macroeconomic aggregates2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Core Documentation
D. Delli Gatti, Marco Gallegati e Mauro GallegatiMacroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Type of delivery of the course
Lectures and class-workType of evaluation
Written exam with multiple choice and open questionsCanali
teacher profile teaching materials
2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Programme
1. National accounting system: basic defintions and identities. Main macroeconomic indicators2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Reference Bibliography
optional supplementary readings 3) M.Pivetti, Economia Politica, Laterza, 2002 4) M. Corsi, A. Roncaglia, Nuovi lineamenti di economia politica, Laterza 2017Type of delivery of the course
30 two-hour lectures (60 hours in all) and a weekly supplementary practical classAttendance
Attendance is advised but not compulsoryType of evaluation
Written exam with exercises, multiple choice questions and open questions. Oral exam a few days later teacher profile teaching materials
2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Macroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Programme
The Economic system. Definitions and measurement of the main macroeconomic aggregates2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Core Documentation
D. Delli Gatti, Marco Gallegati e Mauro GallegatiMacroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Type of delivery of the course
Lectures and class-workType of evaluation
Written exam with multiple choice and open questionsCanali
teacher profile teaching materials
2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Programme
1. National accounting system: basic defintions and identities. Main macroeconomic indicators2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Reference Bibliography
optional supplementary readings 3) M.Pivetti, Economia Politica, Laterza, 2002 4) M. Corsi, A. Roncaglia, Nuovi lineamenti di economia politica, Laterza 2017Type of delivery of the course
30 two-hour lectures (60 hours in all) and a weekly supplementary practical classAttendance
Attendance is advised but not compulsoryType of evaluation
Written exam with exercises, multiple choice questions and open questions. Oral exam a few days later teacher profile teaching materials
2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Macroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Programme
The Economic system. Definitions and measurement of the main macroeconomic aggregates2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Core Documentation
D. Delli Gatti, Marco Gallegati e Mauro GallegatiMacroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Type of delivery of the course
Lectures and class-workType of evaluation
Written exam with multiple choice and open questionsCanali
teacher profile teaching materials
2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Programme
1. National accounting system: basic defintions and identities. Main macroeconomic indicators2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Reference Bibliography
optional supplementary readings 3) M.Pivetti, Economia Politica, Laterza, 2002 4) M. Corsi, A. Roncaglia, Nuovi lineamenti di economia politica, Laterza 2017Type of delivery of the course
30 two-hour lectures (60 hours in all) and a weekly supplementary practical classAttendance
Attendance is advised but not compulsoryType of evaluation
Written exam with exercises, multiple choice questions and open questions. Oral exam a few days later teacher profile teaching materials
2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Macroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Programme
The Economic system. Definitions and measurement of the main macroeconomic aggregates2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Core Documentation
D. Delli Gatti, Marco Gallegati e Mauro GallegatiMacroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Type of delivery of the course
Lectures and class-workType of evaluation
Written exam with multiple choice and open questionsCanali
teacher profile teaching materials
2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Programme
1. National accounting system: basic defintions and identities. Main macroeconomic indicators2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Reference Bibliography
optional supplementary readings 3) M.Pivetti, Economia Politica, Laterza, 2002 4) M. Corsi, A. Roncaglia, Nuovi lineamenti di economia politica, Laterza 2017Type of delivery of the course
30 two-hour lectures (60 hours in all) and a weekly supplementary practical classAttendance
Attendance is advised but not compulsoryType of evaluation
Written exam with exercises, multiple choice questions and open questions. Oral exam a few days later teacher profile teaching materials
2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Macroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Programme
The Economic system. Definitions and measurement of the main macroeconomic aggregates2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Core Documentation
D. Delli Gatti, Marco Gallegati e Mauro GallegatiMacroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Type of delivery of the course
Lectures and class-workType of evaluation
Written exam with multiple choice and open questionsCanali
teacher profile teaching materials
2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Programme
1. National accounting system: basic defintions and identities. Main macroeconomic indicators2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation an control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11a ed (2016), McGraw-Hill, ISBN 9788838615290 (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Reference Bibliography
optional supplementary readings 3) M.Pivetti, Economia Politica, Laterza, 2002 4) M. Corsi, A. Roncaglia, Nuovi lineamenti di economia politica, Laterza 2017Type of delivery of the course
30 two-hour lectures (60 hours in all) and a weekly supplementary practical classAttendance
Attendance is advised but not compulsoryType of evaluation
Written exam with exercises, multiple choice questions and open questions. Oral exam a few days later teacher profile teaching materials
2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Macroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Programme
The Economic system. Definitions and measurement of the main macroeconomic aggregates2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment some elements towards an interpretation
Core Documentation
D. Delli Gatti, Marco Gallegati e Mauro GallegatiMacroeconomia - Fatti, teorie e politiche,
4° edizione, Giappichelli editore 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
PLUS:
Antonella Stirati
Dispense del corso di Macroeconomia (available in the library)
Type of delivery of the course
Lectures and class-workType of evaluation
Written exam with multiple choice and open questions