| MACROECONOMICS
(objectives)
The main aim of the course is to provide the basic elements for the study of Macroeconomic Aggregates within closed and open economies. The models for the determination of national income, the interactions between the markets of goods, labor, and financial assets, constitute the core of the course.
At the end of the course, students
- will have become familiar with the fundamental categories of macroeconomic analysis;
- will be able to focus in a macro economic key both the relevance of behavior and choices of economic agents and the interdependence between markets in determining national income;
- will have acquired basic understanding of approaches and differences within macroeconomic modeling.
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Code
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21210110 |
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Language
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ITA |
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Type of certificate
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Profit certificate
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Credits
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9
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Scientific Disciplinary Sector Code
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SECS-P/01
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Contact Hours
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60
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Type of Activity
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Basic compulsory activities
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Group: A - D
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Teacher
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STIRATI ANTONELLA
(syllabus)
1. The Economic system. Definitions and measurement of the main macroeconomic aggregates
2. Macroeconomic equilibrium and the Keynesian theory of income and employment
3.The public sector
4. The open economy: balance of payments, exchange rate, external constraint
5. Money and financial activities. The Central Bank and the banking sector, Demand and supply of money, interest rate determination.
6. Aggregate investment and the rate of interest. Controversial aspects.
7. The IS-LM model. Economic policy in the IS-LM model in a closed economy. Effects of changes in nominal wages
8. The IS-LM model for the open economy, exchange rate regimes and the effects of economic policy
9.The AD-AS model and its implications for the theory of output and employment
10. Inflation and unemployment - elements of interpretation
(reference books)
C. De Vincenti, MACROECONOMIA - ELEMENTI DI BASE, editore Carocci, 2003 (except parr 9.5 e 9.6 and chapt. 10) + macroeconomics hand-outs by prof. Antonella Stirati available at the library
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Dates of beginning and end of teaching activities
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From 26/09/2017 to 16/12/2017 |
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Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
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Group: E - O
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Teacher
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POTESTIO MARIA PAOLA
(syllabus)
The course consists of three modules
First module:
• National Accounts
• Aggregate demand. Income multipliers
• The IS-LM model
Second module:
• Aggregate demand in an open economy
• The IS-LM model in an open economy
Third module:
• The labour market
• The AD-AS model
• The natural rate of unemployment and the Phillips curve
• Inflation, production and money growth. The quantity theory of money
• Introduction to growth models
(reference books)
O. Blanchard, F. Giavazzi, A Amighini
Macroeconomia
Il Mulino, Bologna, 2010
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Dates of beginning and end of teaching activities
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From 26/09/2017 to 16/12/2017 |
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Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
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Note
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In attesa di delibera |
Group: P - Z
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Teacher
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LEVRERO ENRICO SERGIO
(syllabus)
1. National accounts
2. The neoclassical model
3. Aggregate demand and income multipliers
4. Money and interest
5. The IS-LM model
6. The AD-AS model
7. The Phillips curve
8. The new-Keynesian models
(reference books)
- R. Dornbusch, S. Fischer, R. Startz, G. Canullo, P. Pettenati, Macroeconomia, McGraw Hill, Milano, 2014
- J.R. Hicks, “Il processo produttivo, il lavoro e il capitale”, in M. Pivetti (a cura di), Letture di Economia Politica, LED, Milano
- O. Castellino, Introduzione alla contabilità nazionale, Giappichelli editore, Torino, 1991
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Dates of beginning and end of teaching activities
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From 26/09/2017 to 16/12/2017 |
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Delivery mode
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Traditional
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Attendance
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not mandatory
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Evaluation methods
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Written test
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Università Roma Tre