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. 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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
Type of delivery of the course
lectures and classesAttendance
Strongly recommendedType of evaluation
written exams with multiple choice questions, open questions and one exerciseCanali
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
Type of delivery of the course
lectures and classesAttendance
Strongly recommendedType of evaluation
written exams with multiple choice questions, open questions and one exerciseCanali
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
Type of delivery of the course
lectures and classesAttendance
Strongly recommendedType of evaluation
written exams with multiple choice questions, open questions and one exerciseCanali
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
Type of delivery of the course
lectures and classesAttendance
Strongly recommendedType of evaluation
written exams with multiple choice questions, open questions and one exerciseCanali
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
Type of delivery of the course
lectures and classesAttendance
Strongly recommendedType of evaluation
written exams with multiple choice questions, open questions and one exerciseCanali
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
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
Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024
Type of delivery of the course
lectures and classesAttendance
Strongly recommendedType of evaluation
written exams with multiple choice questions, open questions and one exercise