Course 2023-2024 a.y.

20357 - MACROECONOMICS - PREPARATORY COURSE

Department of Economics

Course taught in English
1
CYBER (I sem. - P) - TS (I sem. - P)
Course Director:
MICHELA BRAGA

Classes: 1 (I sem.)
Instructors:
Class 1: MICHELA BRAGA


Mission & Content Summary

MISSION

This course is an introduction to macroeconomics and it aims at preparing students for the subsequent macro founded courses of their MSc program. The lectures will discuss the basic analytical tools essential for the understanding of the current macroeconomic scenarios. In particular, the course will review the determinant of the main macro aggregates (GDP, unemployment, inflation, debt and deficits, consumption) enabling students to better understand the environment of reference for firms and institutions in modern economies.

CONTENT SUMMARY

  • The macro context and its measurement 
  • The labor market, wages, and unemployment
  • The financial markets: money market, interest rate, monetary policy instruments 
  • The short run dynamic and the long run economic growth
  • The macro fluctuations: demand and supply shocks, stabilization policies
  • The Government and the macroeconomy
  • The global context: saving and investment, the exchange rate, trade policies
  • The intertemporal approach
  • The great recession and the pandemic crisis

Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Understand how macro aggregates are defined, measured and determined
  • Explain the effects of shocks hitting the economy
  • Recognize the role of Governments and Central Banks' policies in the business cycle
  • Discuss which elements make macro deficits sustainable or unsustainable

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...

  • Demonstrate familiarity with fundamental concepts in macroeconomics

  • Use the basic macroeconomic models to describe short and long-run fluctuations

  • Evaluate the effect of policy announcements and interventions on the main macro variables

  • Compare the performance of different economies


Teaching methods

  • Face-to-face lectures

DETAILS

The professor will provide all teaching materials (lecture slides and reading material) through BBoard 


Assessment methods

  Continuous assessment Partial exams General exam
  • This course is not mandatory and we will not assess student learning
 x    

ATTENDING AND NOT ATTENDING STUDENTS

This course is not mandatory and we will not assess student learning


Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

C.I. JONES, Macroeconomics, W.W. Norton & Company Ltd., 5th international edition. 

EAN: 9780393417333

Last change 04/06/2023 08:14