Course 2024-2025 a.y.

30326 - INTRODUCTION TO ECONOMICS (MODULE II -MACROECONOMICS)

Department of Economics

Course taught in English

Student consultation hours
Class timetable
Exam timetable
Go to class group/s: 44
BIG (6 credits - II sem. - OB  |  SECS-P/01)
Course Director:
PATRICE DE MICCO

Classes: 44 (II sem.)
Instructors:
Class 44: PATRICE DE MICCO


Suggested background knowledge

Students should have a foundational understanding of introductory Microeconomics, including key concepts such as demand, supply, market equilibrium, competition, market power, and labor supply. Additionally, they should be familiar with locating and interpreting economic and financial information, news, and data.e web.

Mission & Content Summary

MISSION

The course aims to provide students with a solid foundation in macroeconomic cpncepts and their applications. By exploring key topics such as inflation, unemployment, fiscal and monetary policies, and global economic interdependencies, the course fosters analytical thinking and equips students with the tools to understand and evaluate the functioning of national and international economies. This course is designed to develop critical insights into macroeconomic issues and prepare students for advanced economic studies and informed decision-making in a complex, interconnected world.

CONTENT SUMMARY

Here is a list of some of the topics covered in the course:

 

  • GDP
  • Inflation
  • The goods market
  • Financial markets
  • Fiscal policy:  government spending, taxation, and budget deficits/surpluses.
  • Monetary policy: central banking, money supply, and interest rates.
  • Open Economy: exchange rates, balance of payments. trade policies and their macroeconomic implications.

 

 

 

 


Intended Learning Outcomes (ILO)

KNOWLEDGE AND UNDERSTANDING

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

At the end of the course, students will be able to:

  • Define key macroeconomic concepts, including GDP, inflation, and unemployment
  • Explain the relationships between the goods and financial markets
  • Analyze the effects of fiscal and monetary policies on economic stability and growth
  • Evaluate the role of government and central banks in addressing macroeconomic challenges such as inflation and unemployment
  • Interpret macroeconomic data and indicators to assess economic performance
  • Apply theoretical models to understand real-world economic events and policy decisions
  • Critique economic policies and their potential short- and long-term impacts

APPLYING KNOWLEDGE AND UNDERSTANDING

At the end of the course student will be able to...
  • Solve macroeconomic problems by applying theoretical models to practical scenarios
  • Assess economic trends and policy impacts using real-world data and indicators
  • Communicate macroeconomic concepts and analyses effectively in both written and oral forms
  • Collaborate with peers to discuss and evaluate economic issues in a team setting
  • Critically analyze economic policies
  • Adapt their understanding of macroeconomic principles to dynamic global and national contexts

Teaching methods

  • Lectures
  • Practical Exercises
  • Collaborative Works / Assignments

DETAILS

Throughout the course, students will have the opportunity to address real-world macroeconomic problems related to the current European and international economic landscape.

 

Students will have the opportunity to collaborate in teams to explore and analyze a current macroeconomic topic. This group activity will encourage the development of teamwork and communication skills while fostering critical thinking and problem-solving abilities. By working together, students will research real-world data, apply theoretical models, and present their findings, enabling them to connect classroom learning with practical economic challenges. This experience will also prepare students to engage effectively in professional environments where collaboration and analytical skills are essential.


Assessment methods

  Continuous assessment Partial exams General exam
  • Written individual exam (traditional/online)
  x x
  • Collaborative Works / Assignment (report, exercise, presentation, project work etc.)
x    

ATTENDING AND NOT ATTENDING STUDENTS

A comprehensive written exam, which includes multiple-choice questions, essay-type questions, and exercises, will cover all the topics discussed in class. This method assesses students' ability to define and explain macroeconomic concepts, apply theoretical models to real-world situations, and critically analyze economic issues. It evaluates both their knowledge and their ability to communicate complex ideas effectively in written form.

 

The group project, where students work together to analyze a current macroeconomic issue in the European or international context, will allow students to apply the theories and models discussed in class to solve practical problems and present their findings. This method tests students' ability to collaborate, apply knowledge to real-world issues, and develop analytical and problem-solving skills. It also assesses communication skills as students will be required to present their findings clearly and effectively. The group project allows students to earn extra point(s).


Teaching materials


ATTENDING AND NOT ATTENDING STUDENTS

The textbook for the course will be indicated at a later date.

In addition to the main textbook, the instructor will provide supplementary materials, including:

  • Lecture slides and handouts: These will be made available to students online through the course platform and will cover key concepts discussed in class.
  • Online resources: Recommended websites, academic papers, and articles related to current macroeconomic issues will be shared to help students stay updated on the latest trends and policies in the field.

Further details on the materials will be communicated in due course.

Last change 20/11/2024 16:28