08795 - Macroeconomics

Learning outcomes

The aim of the course is to introduce students to the basic methods and topics of macroeconomic analysis and to ensure their understanding of macroeconomic equilibrium in closed and open economies. At the end of the course the student is able to: -define the main macroeconomic variables; -understand the interaction between the market for goods and for financial assets in closed and open economies; -understand the determinants of aggregate demand and aggregate supply, and of macroeconomic equilibrium in the short and in the long run; -understand the motivation of fiscal and monetary policy and the role of expectations in influencing their impact on the economic system.

Course contents

• Macroeconomics as a science
• The data of the macroeconomy
• National income: basic model
• The monetary system and inflation
• Unemployment
• Introduction to economic fluctuations
• Aggregate demand: IS-LM model
• Open economy and the Mundell-Fleming model
• Aggregate Supply
• Economic Policies
• Public debt
• Economic Crises, Discussion

Readings/Bibliography

Lanzi D. (2023) "Il Secolo Breve della Macroeconomia", Bologna University Press (last edition)

Teaching methods

Classes and Exercises

Assessment methods

Written exams.

Graduate assessment based on preparation:

• <18: insufficient

• 18-23: sufficient

• 24-27: good

• 28-30: excellent

• 30 cum laude: outstanding

Office hours

See the website of Diego Lanzi