ID:
500140
Duration (hours):
66
CFU:
9
SSD:
ECONOMIA POLITICA
Year:
2025
Overview
Date/time interval
Primo Semestre (22/09/2025 - 19/12/2025)
Syllabus
Course Objectives
The class aims to provide students with basic theoretical models to understand the working of a macroeconomic system. Furthermore, it aims to provide the skill to critically apply these models in a variety of contexts associated with the presence of exogenous shocks, with short or medium-long run perspective, and with the structural features of the economy as the degree of openness to foreign trade. Students will be also able to use these models in the study of problems in fields other than macroeconomics, specifically finance, insurance and demography.
Students will develop knowledge and understanding of basic macroeconomic models and the ability to critically apply these models to analyze macroeconomic data, evaluating which models are most appropriate for the problem under analysis. Additionally, students will be able to communicate the implications of data analysis and macroeconomic models.
Students will develop knowledge and understanding of basic macroeconomic models and the ability to critically apply these models to analyze macroeconomic data, evaluating which models are most appropriate for the problem under analysis. Additionally, students will be able to communicate the implications of data analysis and macroeconomic models.
Course Prerequisites
Students are required to know basic notions in Math (specifically, properties of logs, basic calculus and study of functions), in Microeconomics (utility function, indifference curve, production function, scale return, factors’ marginal productivity) and in Data Analysis (notions in probability, central tendency and variability indices).
Teaching Methods
Given the high number of students, frontal lectures are proposed.
The lectures will take place with an attempt, as soon as possible, to listen to the students' comments on the topics covered, as well as the responses to questions posed in class, both by students and the instructor. The lesson will tend to conclude with the discussion of exercises proposed in the previous lessons. In addition to the frontal lectures, tutorials will be held weekly, where additional exercises and problems will be carried out, published one week in advance on the Elearning teaching platform. There is also a tutorial specifically aimed at working students.
The lectures will take place with an attempt, as soon as possible, to listen to the students' comments on the topics covered, as well as the responses to questions posed in class, both by students and the instructor. The lesson will tend to conclude with the discussion of exercises proposed in the previous lessons. In addition to the frontal lectures, tutorials will be held weekly, where additional exercises and problems will be carried out, published one week in advance on the Elearning teaching platform. There is also a tutorial specifically aimed at working students.
Assessment Methods
The final exam consists of a written test divided into two parts. The first part consists of closed-ended questions. The second part consists of exercises or open-ended questions. The final exam aims to assess the understanding of basic macroeconomic models and the ability to apply them.
In-itinere tests are scheduled.
The final exam is written and consists of 20 multiple-choice questions and 2 exercises and/or open-ended questions.
The grading scale ranges from 0 to 30 with honors (30 e lode), with a passing score of 18/30. The evaluation consists of multiple-choice questions worth up to 10 points and exercises worth up to 20 points. The in-itinere test accounts for 50% of the final grade and covers topics from the first half of the course. Students who take the in-itinere test will only complete half of the final exam. During the test, the use of a calculator is permitted. The results of the in-itinere test will be communicated via the course's e-learning page, while the final exam results will be communicated through the Esse3 system. Acceptance or rejection of the grade must comply with the current university academic regulations
In-itinere tests are scheduled.
The final exam is written and consists of 20 multiple-choice questions and 2 exercises and/or open-ended questions.
The grading scale ranges from 0 to 30 with honors (30 e lode), with a passing score of 18/30. The evaluation consists of multiple-choice questions worth up to 10 points and exercises worth up to 20 points. The in-itinere test accounts for 50% of the final grade and covers topics from the first half of the course. Students who take the in-itinere test will only complete half of the final exam. During the test, the use of a calculator is permitted. The results of the in-itinere test will be communicated via the course's e-learning page, while the final exam results will be communicated through the Esse3 system. Acceptance or rejection of the grade must comply with the current university academic regulations
Texts
Teacher's slides on the Elearning platform
Blanchard, O., Amighini, A., Giavazzi, F., Macroeconomia: una prospettiva europea, Il Mulino, 2020.
ISBN-10 : 8815287825
ISBN-13 : 978-8815287823
Boitani, A., Macroeconomia, Il Mulino, 2014. Capitoli: 1 e 2.
ISBN-10 : 8815245871
ISBN-13 : 978-8815245878
Blanchard, O., Amighini, A., Giavazzi, F., Macroeconomia: una prospettiva europea, Il Mulino, 2020.
ISBN-10 : 8815287825
ISBN-13 : 978-8815287823
Boitani, A., Macroeconomia, Il Mulino, 2014. Capitoli: 1 e 2.
ISBN-10 : 8815245871
ISBN-13 : 978-8815245878
Contents
INTRODUCTION TO MACROECONOMICS
National accounting
THE SHORT RUN
The Goods Market
Financial Markets
Goods and Financial Markets: The IS-LM Model
THE MEDIUM RUN
The Labor Market
Putting All Markets Together. The AS-AD Model.
The Natural Rate of Unemployment and The Phillips Curve
Inflation, Activity, and Nominal Money Growth
THE LONG RUN
The Facts of Growth
Saving, Capital Accumulation, and Output
Technological Progress and Growth
Technological Progress. The Short, the Medium, and the Long Run.
EXTENSIONS
EXPECTATIONS
Expectations: The Basic Tools
Financial Markets and Expectations
Expectations, Consumption, and Investment
Expectations, Output, and Policy
THE OPEN ECONOMY
Openness in Goods and Financial Markets
The Goods Market in an Open Economy
Output, the Interest Rate, and the Exchange Rate
Exchange Rate Regimes
National accounting
THE SHORT RUN
The Goods Market
Financial Markets
Goods and Financial Markets: The IS-LM Model
THE MEDIUM RUN
The Labor Market
Putting All Markets Together. The AS-AD Model.
The Natural Rate of Unemployment and The Phillips Curve
Inflation, Activity, and Nominal Money Growth
THE LONG RUN
The Facts of Growth
Saving, Capital Accumulation, and Output
Technological Progress and Growth
Technological Progress. The Short, the Medium, and the Long Run.
EXTENSIONS
EXPECTATIONS
Expectations: The Basic Tools
Financial Markets and Expectations
Expectations, Consumption, and Investment
Expectations, Output, and Policy
THE OPEN ECONOMY
Openness in Goods and Financial Markets
The Goods Market in an Open Economy
Output, the Interest Rate, and the Exchange Rate
Exchange Rate Regimes
Course Language
Italian
More information
Compared to the other exam sessions, in the winter session, both the number of students who pass the test and the median grade are significantly higher.
NOTE: students enrolled in the Inclusive Learning Modalities programme (“Modalità didattiche inclusive) are requested to contact the Professor and the Degree Course Coordinator in order to assess specific needs and define targeted support actions.
NOTE: students enrolled in the Inclusive Learning Modalities programme (“Modalità didattiche inclusive) are requested to contact the Professor and the Degree Course Coordinator in order to assess specific needs and define targeted support actions.
Degrees
Degrees
ECONOMICS
Bachelor’s Degree
3 years
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