The teaching is organized as follows:

Learning outcomes

Main goal of the course is to give student a set of technical instruments which shall allow them to understand the functioning of modern economies.
The course will start with an outline of the main schools of economic thought in order to cast in an historical perspective the evolution of macroeconomic theories. Then,it will introduce the analysis of main macroeconomic problems such as unemployment, inflation and growth developing formal macroeconomic models.

Program

1. The main schools of economic thought
2. National accounts
3. Aggregate demand and then income multiplier
4. Goods and money markets: the IS-LM model
5. Consumption, investments and government expenditure
6. Aggregate demand and supply
7. Inflation and unemplopyment
8. Open economy macroeconomics
9. Economic growth

Textbooks:

G. TONDINI, Formazione e distribuzione della ricchezza nelle diverse scuole di pensiero, Aracne Roma, 2006.

R. DORNBUSCH, S. FISCHER e R. STARTZ, Macroeconomia, McGraw-Hill, Milano, 2010, 10° ed.
Chapters:1,2,3,4,5,6,7,8,13,14,16,17

Examination Methods

The exam will be written and will consist of three "open" questions on the topics of macroeconomic theory developed during the course and in an exercise to be solved by numerical techniques relating to formal models covered in class. The exercises done in class will prepare the student to solve the numerical exercise. Examples with solution will be available on the e-learning platform of the course.

The exam will asses the level of knowledge and understanding of macroeconomic theory in the short, medium and long term the student has reached, the ability to understand the effects of macroeconomic policies used to solve the problems the real economies are facing and the ability to apply formal models to concrete cases.