Università Roma Tre

1. National accounting system: basic defintions and identities. Main macroeconomic indicators
2. Keynes’s theory: aggregate demand and equilibrium output
3. Keynes’s theory: money and interest
4. The IS-LM model
5. The AS-AD model
6. Inflation and unemployment
7. Macroeconomics of the European Union
8. Money: creation and control

Compulsory material:
1) Textbook: Rudiger Dornbusch, Stanley Fischer, Richard Startz, Giuseppe Canullo, Paolo Pettenati, Macroeconomia, 11th or 12th edition (2016, 2020), McGraw-Hill (check the detailed programme for precise indications)
2) Additional teaching material (lecture notes, etc, available on the moodle website)

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 some elements towards an interpretation

The Text: Lezioni di Macroeconomia, elementi di base, di Antonella Stirati; 13 capitoli in PDF available online on moodle or at the library

Or, alternatively,

D. Delli Gatti, Marco Gallegati e Mauro Gallegati

Macroeconomia - Fatti, teorie e politiche,

4° edit, Giappichelli 2019: Chapts 1 to 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6 - 6.9); in addition: parr 8.1 e 8.2; 9.6 e 9.7; CHAPT. 10 (except par. 10.4)
or
D. Delli Gatti, Marco Gallegati e Mauro Gallegati, Macroeconomia - Fatti, teorie e politiche, 5° edit., Giappichelli 2020:
Chapt. da 1 - 6 (except parr. 2.A, 4.3, 5.A, 5.B, and 6.6-6.9 and 6.A);
ChAPT. 8 parr 8.1, 8.2, 8.6; CHAPT 10 par 10.6; CHAPT 11(except parr. 11.4 e 11.A)
PLUS Hand-outs for the course available online and at the library