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: Antonella Stirati, Fondamenti di macroeconomia, Giappichelli, ISBN 9791221108514 (forthcoming in September 2024. Check the detailed programme for precise indications on the parts of the textbook to be studied). Students may ask for alternative material in English. Please contact prof Palumbo
2) Additional teaching material (lecture notes, slides, etc, made 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

Fondamenti di Macroeconomia, elementi di base, di Antonella Stirati; Giappichelli 2024