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Course 2017-2018 a.y.

30453 - FOUNDATIONS OF ECONOMICS - MODULE 2 (MACROECONOMICS)


CLES-BESS
Department of Economics

Course taught in English


Go to class group/s: 13

CLES-BESS (7 credits - II sem. - OB  |  SECS-P/01)
Course Director:
MARCO MAFFEZZOLI

Classes: 13 (II sem.)
Instructors:
Class 13: MARCO MAFFEZZOLI


Course Objectives
The course provides students with the knowledge needed to understand the functioning of the economy as an aggregate system, and investigates the determinants of important macroeconomic variables, such as the gross domestic product of a country, the price level, the unemployment rate, the rate of interest and the exchange rate.

Intended Learning Outcomes
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Course Content Summary
  • The goods market.
  • The financial market.
  • The IS-LM model.
  • The labor market.
  • The Natural Rate of Unemployment and the Phillips Curve.
  • The IS-LM-PC model.
  • The role of expectations.
  • Government debt.
  • The Great Recession and its consequences.
  • Openness in goods and financial markets.
  • Output, the interest rate and the exchange rate.
  • Economic growth.

Teaching methods
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Assessment methods
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Detailed Description of Assessment Methods
Written Exam. Students may choose to sit a sequence of two partial examinations, or sit one general examination. Students in debt can only sit the general examination.
Other innovative assessment methods could possibly be introduced.

Textbooks
  • O. BLANCHARD, A. AMIGHINI, F. GIAVAZZI, Macroeconomics - A European Perspective, Pearson Education Limited, 2017, Third Edition.
  • G. FERRAGUTO, Macroeconomics - Problems and Questions, Egea, January 2018, 5th edition.

Prerequisites
None
Last change 26/04/2017 12:28