The aim of this course is to study the how the economy works. GDP, Consumption investment, public debt, unemployment, productivity, exchange rate and interest rate are all topics developed during the course. Then, both economic growth and recession are two main areas of the analysis.

A constant presence in the classroom is essential to attend the course. The course will begin by studing the meaning and content of some commonly used economic terms such as GDP, real investment, inflation, economic growth, unemploument. The theoretical models will be classified according to the macroeconomic criteria of Short Term, Medium Term, and Long Term. The three standards help to study the phenomena linked respectively to aggregate demand, aggregate supplu and the correlation between unemployment and inflation, and economic growth.

Microeconomics.

- Knowledge and understanding skills: by the end of the course students must have acquired knowledge and understanding of the specificities of macro-economic relations and of the actors involved in them: consumers, investors, state and market. In particular they must know and understand the specificities and problems of growth and recessions. The didactic work methods with which these results will be achieved will consist of: frontal lectures, testimonies, analysis and discussion of macroeconomic data, group work and in-depth seminars.

- Applied knowledge and understanding skills: students must be able to apply the knowledge acquired in an appropriate and flexible way to analyse, understand and solve situations and problems related to unemployment growth and budget deficits.

- Autonomy of judgement: students must have the ability to link the knowledge acquired during the course in integrated and unified schemes and to deal with complex problems autonomously and with their own judgement. - Communication skills: students must acquire a clear and effective communication skills, thanks to a good mastery of the vocabulary related to the topics dealt with during the course. The didactic work methods with which these results will be achieved will consist of: frontal lectures, analysis and discussion of macroeconomic scenarios, group work and in-depth seminars, production of essays.

- Communication skills: students will have to acquire clear and effective communication skills, thanks to a good command of the vocabulary relating to the topics covered during the course.

- Learning Ability: Students must have developed good learning skills, which will allow them to deepen the knowledge acquired during the course by addressing subsequent courses of study on economic, monetary and international policy issues, and to acquire new knowledge, skills and abilities through professional and work experience.

The teaching material prepared by the lecturer in addition to recommended textbooks (such as for instance slides, lecture notes, exercises, bibliography) and communications from the lecturer specific to the course can be found inside the Moodle platform › blended.uniurb.it

Tutorials with analytical and theoretical applications on macroeconomic theory.

Teaching

The lecture is carried out with constant reference to the examination texts. In-depth notes such as PPT and PDF files available on the subject's website are an essential component of the course.

Innovative teaching methods

Attendance

Constant presence in the classroom and during practice hours is recommended.

Course books

OLIVIER BLANCHARD, ALESSIA AMIGHINI, FRANCESCO GIAVAZZI
MACROECONOMIA una prospettiva europea.

edizione Mulino 2022 (collana Strumenti)

Also in the English version: Macroeconomics: A European Perspective, 4th edition by Blanchard, Amighini & Giavazzi

The book offers the European perspective based on the best-selling US text by leading author Olivier Blanchard, presenting an integrated, global view of macroeconomics, and showing the connections between goods markets, financial markets, and labour markets worldwide.

INDEX TO THE VOLUME: Presentation of the Italian edition. - Introduction. - I. A journey around the world. - II. A journey through the book. - Fundamentals. - Part two: The short period. - III. The goods market. - IV. The financial markets. - V. Asset markets and financial markets: the IS-LM model. - VI. The Financial Markets II: The Extended IS-LM Model. - Part Three: The Medium Term. - VII. The Labour Market. - VIII. The natural rate of unemployment inflation and the Phillips curve. - IX. From short to medium term: the IS-LM-PC model. - Part Six: XXII Fiscal Policy - XVII Open Goods and Financial Markets - XVIII The Goods Market in an Open Economy - XIX Interest Rate Production and the Exchange Rate. XX Exchange Rate Regimes. - Notes on Economic Growth.

Handouts and other teaching resources made available on the platform Moodle › blended.uniurb.it.

Assessment

Written and then oral examination. The examination all takes place on the same day. The written examination consists of four theoretical questions and two exercises. Each question has a maximum value of five points and a minimum value of zero. The time available to complete the test is h. 01.10. After the written test has been corrected, any oral tests and recordings are made. The student may ask to confirm the grade for the written paper if not invited to the oral test by the teacher. The request for the oral test is at the discretion of the teacher and depends on how convincing the written paper appears and how well it corresponds to the grade awarded. Any student may, however, request access to the oral examination in an attempt to improve the assessment of the written paper. The oral examination may add two marks to that of the written test.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

Teaching

The lecture is carried out with constant reference to the examination texts. In-depth notes such as PPT and PDF files available on the subject's website are an essential component of the course.

Attendance

We recommend a constant attendance in the lecture hall, both in class and in practice hours.

Course books

OLIVIER BLANCHARD, ALESSIA AMIGHINI, FRANCESCO GIAVAZZI
MACROECONOMIA una prospettiva europea.

edizione Mulino 2022 (collana Strumenti).

Also in the English version: Macroeconomics: A European Perspective, 4th edition by Blanchard, Amighini & Giavazzi

The book offers the European perspective based on the best-selling US text by leading author Olivier Blanchard, presenting an integrated, global view of macroeconomics, and showing the connections between goods markets, financial markets, and labour markets worldwide.

INDEX TO THE VOLUME: Presentation of the Italian edition. - Introduction. - I. A journey around the world. - II. A journey through the book. - Fundamentals. - Part two: The short period. - III. The goods market. - IV. The financial markets. - V. Asset markets and financial markets: the IS-LM model. - VI. The Financial Markets II: The Extended IS-LM Model. - Part Three: The Medium Term. - VII. The Labour Market. - VIII. The natural rate of unemployment inflation and the Phillips curve. - IX. From short to medium term: the IS-LM-PC model. - Part Six: XXII Fiscal Policy - XVII Open Goods and Financial Markets - XVIII The Goods Market in an Open Economy - XIX Interest Rate Production and the Exchange Rate. XX Exchange Rate Regimes. - Notes on Economic Growth.

Handouts and other teaching resources made available on the platform Moodle › blended.uniurb.it.

Assessment

Written and then oral examination. The examination all takes place on the same day. The written examination consists of four theoretical questions and two exercises. Each question has a maximum value of five points and a minimum value of zero. The time available to complete the test is h. 01.10. After the written test has been corrected, any oral tests and recordings are made. The student may ask to confirm the grade for the written paper if not invited to the oral test by the teacher. The request for the oral test is at the discretion of the teacher and depends on how convincing the written paper appears and how well it corresponds to the grade awarded. Any student may, however, request access to the oral examination in an attempt to improve the assessment of the written paper. The oral examination may add two marks to that of the written test.

Disability and Specific Learning Disorders (SLD)

Students who have registered their disability certification or SLD certification with the Inclusion and Right to Study Office can request to use conceptual maps (for keywords) during exams.

To this end, it is necessary to send the maps, two weeks before the exam date, to the course instructor, who will verify their compliance with the university guidelines and may request modifications.

The student  of the Erasmus Program can request to sit the final exam in English with an alternative bibliography.