Macroeconomics

Responsabile didattico: Benedicta Marzinotto

Durata: 10 ore

Periodo didattico: primo semestre

Programma

The aim of the course is to provide a brief introduction to modern macroeconomic analysis. Macroeconomics studies the structure and performance of national economies and derives implications for the conduct of government policies. The module will start with some stylised macroeconomic facts for Europe to then go through the main indicators macroeconomists use for analysis and forecasting. It will then focus on the topics of production, consumption, investment, prices and employment using three analytical tools: the goods, money and labour market. National economies are normally subject to fluctuations (“business cycles”). The course will describe the empirical features of the business cycle describing the opposing interpretations of the business cycle offered by the classical and the Keynesian school respectively. Finally, the module assesses the role and function of macroeconomic policies, i.e. monetary and fiscal policy, focusing on their relative contribution to controlling business cycle fluctuations.

  1. What macroeconomics is about
    • The main macroeconomic problems
    • Data, analysis and forecasting
  2. The goods and the money market
    • Consumption, saving and investment
    • Money demand and supply
  3. The labour market
    • The determinants of labour supply
    • The determinants of labour demand
  4. Business cycle
    • The empirical features of the business cycle
    • The classical and the Keynesian interpretation
  5. Macroeconomic policies
    • The role and conduct of monetary policy
    • The role and conduct of fiscal policy

 

The basic book for the module is:
Abel A. Bernanke B. and Croushore D., Macroeconomics, Pearson Education, 2008.

 

SSD: SECS-P/02


Elenco corsi 2009/2010