- Docente: Raimondello Orsini
- Credits: 8
- SSD: SECS-P/01
- Language: Italian
- Teaching Mode: Traditional lectures
- Campus: Bologna
- Corso: First cycle degree programme (L) in Management and Marketing (cod. 8406)
-
from Sep 20, 2023 to Dec 06, 2023
Learning outcomes
At the end of the module, students will be able to understand and discuss crucial topics and methods in the field of macroeconomics, such as for instance the general macroeconomic equilibrium in open and closed economies.
Course contents
Goods markets: GDP, aggregate demand, equilibrium
Financial markets: money demand, interest rate
IS-LM model in a closed economy: the IS curve, the LM curve, short run equilibrium
Labor markets: wages, prices, natural rate of unemployment
Phillips Curve: inflation, expected inflation, potential output, IS-LM-PC medium run equilibrium
Growth theory: Savings, capital accumulation and aggregate production, physical and human capital, technological progress
Economic Policy: monetary and fiscal policies: rules or discretion? History of macroeconomic thought in the XX° century.
Open Economy: Balance of Payments, exchange rates regimes, IS-LM model in an open economy.
Readings/Bibliography
Readings/Bibliography
- O. Blanchard, A. Amighini, F. Giavazzi, Macroeconomia: una prospettiva europea, Il Mulino, Bologna 2020.
- D. W. Findlay, Esercizi di Macroeconomia, Il Mulino, Bologna 2021
- F. Saraceno, La scienza inutile, Luiss Press, Roma 2018.
Teaching methods
Lectures and tutorials
Assessment methods
Written exam.
See Italian version for further rules.
Teaching tools
Lecture slides
Office hours
See the website of Raimondello Orsini
SDGs
This teaching activity contributes to the achievement of the Sustainable Development Goals of the UN 2030 Agenda.