Course Topics
1. Introduction to Macroeconomics 2. Measuring the Macroeconomy 3. An Overview of Long-Run Growth 4. A Model of Production 5. The Solow Growth Model 6. Growth and Ideas (Romer Model) 7. Inflation 8. The Goods Market 9. Financial Markets 10. The IS-LM Model 11. The Supply-Side of the Short-Run Model 12. The Three-Equation Model and Macroeconomic Policy 13. Expectations 14. Markets, Prices, Supply and Demand 15. Consumption, Saving and Investment 16. An Equilibrium Real Business Cycle Model 17. Inflation, Money Growth and Interest Rates 18. Government Expenditure 19. Public Debt

Propaedeutic courses
None

Teaching format
Lectures

Educational objectives
ILO (Intended Learning Outcomes) ILO 1 Knowledge and understanding ILO 1.1 analysis of supply and demand for goods and services; ILO 1.2 ability to understand the price mechanism in market economies; ILO 1.3 ability to understand the role of governments in market economies; ILO 1.4 ability to analyse the behaviour of economic variables in the short, medium and long run; ILO 1.5 understanding of the reasons for economic growth and development of countries; ILO 1.6 estimation and interpretation of econometric models for empirical analysis of the above problems. ILO 2 Applying knowledge and understanding: ILO 2.1 ability to assess the appropriateness of monetary and fiscal policies with respect to macroeconomic variables; ILO 2.2 ability to interact fluently and spontaneously with native speakers on economic topics; ILO 3 Making judgements ILO 3.1 Acquisition of the ability to make judgements and the methodological tools useful for the critical analysis of data, sources, assumptions and implications of scientific practice, the political, ethical and legal context within which economic phenomena are set and with which they interact ILO 4 Communication skills ILO 4.1 Proficiency (oral and written) in Italian, German and English, including translation between these languages. Intercultural competence. Conceptual awareness, synthesis and written expression, in particular in the drafting of scientific or science-based documents ILO 5 Learning skills ILO 5.1 Promotion of critical thinking and analytical skills to focus on complex problems in their long-term dynamics and the variety of their implications, including ethical ones

Additional educational objectives and learning outcomes
none

Assessment
Both for attending and non-attending students: 100 % written exam, mainly in the form of multiple choice questions. ILOs 1-5 assessed

Evaluation criteria
Economic knowledge, analytical skills

Required readings

Charles I. Jones

Macroeconomics, 6th edition

W. W. Norton & Company

 

Wendy Carlin, David Soskice

Macroeconomics – Institutions, Instability, and the Financial System

Oxford University Press

 

Robert J. Barro, Angus C. Chu, Guido Cozzi

Intermediate Macroeconomics, 1st edition

Cengage Learning

 

Olivier Blanchard

Macroeconomics, 7th edition

Pearson

 

Supplementary readings

none

Further information
none