08795 - Macroeconomics

Learning outcomes

The course introduces the main themes and methods of economic analysis. The goal is offert the necessary formal knowledge for the understanding of the working of the macro-economic system. Further topics which are relevant for the economic policy and political debate will be discussed (like unemployment, inflazion, public debt and european economic integration).

Course contents

Introduction (ch1, M). Macroeconomic Data (ch 2, M). Introduction to production, aggregate demand and macroeconomic equilibrium. Factor prices and marginal productivity. (ch 3 M).

Money(ch. 4 M. ) Job market and unemployment (ch. 6 M).

Development and long run growht - Solow Model (ch 7 and 8, M)

Aggregate Demand, Aggregate Supply and Short term equilibrium
Demand and Supply Shocks (ch. 9 M)

Goods Market and Money Market. Aggregate Demand in the IS-LM model (ch. 10 e ch 11 M).

Fiscal and Monetary Policy in the IS-LM model in closed economy (ch 11 M) and open economy (ch. 12 M).

Public Policy, Aggregate Supply and Philips Curve. Rational Expectations and effectivness of Public Policies. (ch 13 and 14, M). Inflation, and independence of Central Banks.

Public Deficit and Public Debt. (ch 15 M).

Readings/Bibliography

Gregory Mankiw Macroeconomia (2004) Zanichelli Editore Bologna

Teaching methods

Power Point Slides and Blackboard.

Assessment methods

The exam is written and divided in three intermediate exams during the lecture period and a final exam to be taken in one of the three dates available during june and july (see calendar on the webpage). The exam contains multiple choice questions, quick questions and exercises.

Teaching tools

Power point slides and supplementary material available in the webpage.

Links to further information

http://www2.dse.unibo.it/cervellati/macro

Office hours

See the website of Matteo Cervellati