Macroeconomics

Course objectives

The course is an intrdocution to macroeconomics, which seeks to understand the what is behind the observed dynamics of several aggregate economic variables: gross domestic product, national income, consumption, aggregate saving, investment, interest rates, money, the capital stock. We will discuss how economists have tried to answer questions such as: What determines economic growth, wealth and long-run welfare? Why modern economic systems are subject to recurrent economic cycles, with recessions and expansions? What determines unemployment and inflation? Which economic policies (monetary or fiscal) should be adopted to increase output and contain unemployment and inflation?

Channel 1
SALVATORE NISTICO' Lecturers' profile

Program - Frequency - Exams

Course program
1. Introduction to macreconomics, data definition, measurement and analysis. 2. Domestic Product, the production function, the market for inputs and the long-run equilibrium. 3. Money and Inflation 4. The Open Economy dimension 5. Economic Growth 6. Unemployment 7. Economic fluctuations, price stickiness, the aggregate demand and supply. 8. The IS-LM model and the effects of monetary and fiscal policy 9. Aggregate Supply 10. Unconventional Monetary Policy
Prerequisites
Basic knowledge of microeconomics and mathematics
Frequency
In person
Exam mode
ATTENDING STUDENTS: written exam NON-ATTENDING STUDENTS: written exam
Lesson mode
Lectures, practice sessions, class discussions of current economic policy issues
  • Lesson code1017593
  • Academic year2024/2025
  • CourseInternational Economic Relations
  • CurriculumSingle curriculum
  • Year2nd year
  • Semester1st semester
  • SSDSECS-P/01
  • CFU9
  • Subject areaEconomico