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 and control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (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 and control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Type of delivery of the course
60 hours course, with additional tutorialsType of evaluation
written exam, oral exam a few days later teacher profile teaching materials
First module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
MACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Programme
The course consists of three modulesFirst module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
Core Documentation
Olivier Blanchard, Alessia Amighini, Francesco GiavazziMACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Type of delivery of the course
6 hours per week of classes by the lecturer and two hours of weekly exercisesType of evaluation
The exam consists of open questions and two exercisesCanali
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 and control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (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 and control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Type of delivery of the course
60 hours course, with additional tutorialsType of evaluation
written exam, oral exam a few days later teacher profile teaching materials
First module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
MACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Programme
The course consists of three modulesFirst module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
Core Documentation
Olivier Blanchard, Alessia Amighini, Francesco GiavazziMACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Type of delivery of the course
6 hours per week of classes by the lecturer and two hours of weekly exercisesType of evaluation
The exam consists of open questions and two exercisesCanali
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 and control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (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 and control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Type of delivery of the course
60 hours course, with additional tutorialsType of evaluation
written exam, oral exam a few days later teacher profile teaching materials
First module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
MACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Programme
The course consists of three modulesFirst module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
Core Documentation
Olivier Blanchard, Alessia Amighini, Francesco GiavazziMACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Type of delivery of the course
6 hours per week of classes by the lecturer and two hours of weekly exercisesType of evaluation
The exam consists of open questions and two exercisesCanali
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 and control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (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 and control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Type of delivery of the course
60 hours course, with additional tutorialsType of evaluation
written exam, oral exam a few days later teacher profile teaching materials
First module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
MACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Programme
The course consists of three modulesFirst module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
Core Documentation
Olivier Blanchard, Alessia Amighini, Francesco GiavazziMACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Type of delivery of the course
6 hours per week of classes by the lecturer and two hours of weekly exercisesType of evaluation
The exam consists of open questions and two exercisesCanali
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 and control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (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 and control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Type of delivery of the course
60 hours course, with additional tutorialsType of evaluation
written exam, oral exam a few days later teacher profile teaching materials
First module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
MACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Programme
The course consists of three modulesFirst module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
Core Documentation
Olivier Blanchard, Alessia Amighini, Francesco GiavazziMACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Type of delivery of the course
6 hours per week of classes by the lecturer and two hours of weekly exercisesType of evaluation
The exam consists of open questions and two exercisesCanali
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 and control
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (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 and control
Core Documentation
Compulsory material:1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the website)
Type of delivery of the course
60 hours course, with additional tutorialsType of evaluation
written exam, oral exam a few days later teacher profile teaching materials
First module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
MACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Programme
The course consists of three modulesFirst module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
Core Documentation
Olivier Blanchard, Alessia Amighini, Francesco GiavazziMACROECONOMIA. Una prospettiva europea
Editore Il Mulino
Type of delivery of the course
6 hours per week of classes by the lecturer and two hours of weekly exercisesType of evaluation
The exam consists of open questions and two exercises