- Docente: Giancarlo Gozzi
- Credits: 10
- Language: Italian
- Moduli: Diego Lanzi (Modulo 2) Giancarlo Gozzi (Modulo 1)
- Teaching Mode: Traditional lectures (Modulo 2) Traditional lectures (Modulo 1)
- Campus: Bologna
- Corso: First cycle degree programme (L) in Political, Social and International Sciences (cod. 8853)
Learning outcomes
The aim of the course is to teach the analytical models grounding the understanding of the functioning of the economic system as a whole and to acquire knowledge of the empirical evidence on which they are based. After attending the course the student can apply the theoretical models to analyze macroeconomic problems and to evaluate benefits and costs of alternative measures of economic policy.
Course contents
The macroeconomica representation of the economy: the system of national accounts
Macroeconomics in the short-run
The goods market
The composition of the GDP
The demand for goods
Equilibrium of the goods market and the level of income and production
The financial markets
The demand for money
The determination of the rate of interest
The IS-LM model
The IS curve
The LM curve
Equilibrium and comparative statics of the model
The IS-LM model for the open economy
The goods markets in the open economy
The financial markets in the open economy
The IS curve in the open economy
Equilibrium of the financial markets
Macroeconomics in the medium-run
The labour market: prices, wages and the natural rate of unemployment
The AD-AS model
The aggregate supply curve
The aggregate demand curve
Equilibrium of the model in the short and long run
Fiscal and monetary policy in the AD-AS model
Inflation and and the Phillips curve
Macroeconomics in the long-run
Growth: the main facts
Production, savings and capital accumulation
Growth and technical progress
Readings/Bibliography
Blanchard, Amighini and Giavazzi, Macroeconomia, Il Mulino, ultima edizione.
Teaching methods
Frontal lectures and classes
Assessment methods
Written examination
Office hours
See the website of Giancarlo Gozzi
See the website of Diego Lanzi