Unit MACROECONOMICS
- Course
- Business administration
- Study-unit Code
- 20003909
- Location
- PERUGIA
- Curriculum
- In all curricula
- CFU
- 9
- Course Regulation
- Coorte 2021
- Offered
- 2022/23
- Learning activities
- Caratterizzante
- Area
- Economico
- Academic discipline
- SECS-P/01
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa monodisciplinare
MACROECONOMICS - Cognomi A-L
| Code | 20003909 |
|---|---|
| Location | PERUGIA |
| CFU | 9 |
| Teacher | Mauro Visaggio |
| Teachers |
|
| Hours |
|
| Learning activities | Caratterizzante |
| Area | Economico |
| Academic discipline | SECS-P/01 |
| Type of study-unit | Obbligatorio (Required) |
| Language of instruction | Italian |
| Contents | The course aims to introduce the student to the macroeconomic discipline and its founding principles and themes. The teaching is also characterized by the strong emphasis given to the historical, social and political dimension of the discipline with a continuous application of the theories studied to the real world with which each individual must necessarily measure himself. |
| Reference texts | The reference texts are: Visaggio, Macroeconomia, McGraw-Hill, 2017. Castellino, Introduzione alla contabilità nazionale, (a cura di M. Visaggio), 2021. |
| Educational objectives | As part of the CDS in Business Economics aimed at developing theoretical, methodological and technical-professional knowledge from the structural and operational point of view of companies, the teaching of Macroeconomics aims to develop students the basic theoretical skills necessary to interpret the main economic phenomena. At the end of the aforementioned teaching, we make sure that the student is able to use the theoretical tools taught to understand and interpret the main stylized facts that, on a daily basis, are repeated in the real economic world. |
| Prerequisites | In order to understand the main techniques imparted in the teaching, it is necessary to have successfully taken the exams of Mathematical Analysis and Microeconomics. Moreover, other topics covered in the module require to have the ability to solve simple derivatives and to set up and solve a maximum constrained problem with the Lagrange method. The knowledge of these techniques is an indispensable prerequisite for the student who wants to follow the course successfully. |
| Teaching methods | The teaching method develops along three main lines. Classroom lessons to deepen theoretical knowledge on all the topics covered. Exercises aimed at analytically solving some elementary macroeconomic models which will take place once a week following the presentation of the theoretical models. Finally, as part of the exercises, it is expected the deepening of some case studies that economic history over the last century has brought to the attention of macroeconomic theory in order to develop in the student the ability to establish a link between theory and empirical evidence. |
| Other information | Students reception in order to provide support for the understanding of the topics covered, can take place both in presence and remotely at the request of the student. |
| Learning verification modality | The exam includes a written test. The written test consists of answering four open questions, the first three of which are compulsory and the fourth is chosen from two questions. One of the two open questions involves the discussion of an in-depth case study during the course of teaching in order to assess the ability to establish a link between theory and the real world. The written exam lasts 90 minutes. |
| Extended program | First week. Introduction to the course through the discussion of recent economic facts (for example, the macroeconomic consequences of Covid-19 will be discussed in the teaching carried out during the aforementioned academic year). Second week. Definition of the constituent elements of an economic system and study of some basic accounting concepts and, in particular, of the accounting structure of the ESA 2010 Third week. Rigorous definition of the macroeconomic variables used in the study of theoretical models and through the presentation of the historical series of the latter, the definition of the main empirical regularities. Fourth and fifth week. Study of the classic short and medium term Benchmark: the general equilibrium in the absence of information and market imperfections. Effects of fiscal and monetary policies: displacement effect and monetary inflation. Fifth and sixth week. The income-expenditure model: the role of effective demand, the paradox of parsimony, the trade-off between stabilization of the economic cycle and stabilization of the public debt and the balanced budget theorem. Sixth and seventh week. The IS-LM model: the interaction of goods markets and financial assets. The management of monetary policy through the control of the money supply. The IS-IT model. The management of monetary policy through the control of the nominal interest rate. Eighth and ninth week. The IS-LM-AS model: general economic equilibrium with labor market imperfections and involuntary unemployment. The management of monetary policy through the control of the money supply. The IS-IT-AS model: general economic equilibrium with labor market imperfections and involuntary unemployment. The management of monetary policy by controlling the interest rate. 10th week. General review |
MACROECONOMICS - Cognomi M-Z
| Code | 20003909 |
|---|---|
| Location | PERUGIA |
| CFU | 9 |
| Teacher | Mauro Visaggio |
| Teachers |
|
| Hours |
|
| Learning activities | Caratterizzante |
| Area | Economico |
| Academic discipline | SECS-P/01 |
| Type of study-unit | Obbligatorio (Required) |
| Language of instruction | Italian |
| Contents | The course aims to introduce the student to the macroeconomic discipline and its founding principles and themes. The teaching is also characterized by the strong emphasis given to the historical, social and political dimension of the discipline with a continuous application of the theories studied to the real world with which each individual must necessarily measure himself. |
| Reference texts | The reference texts are: Visaggio, Macroeconomia, McGraw-Hill, 2017. Castellino, Introduzione alla contabilità nazionale, (a cura di M. Visaggio), 2021. |
| Educational objectives | As part of the CDS in Business Economics aimed at developing theoretical, methodological and technical-professional knowledge from the structural and operational point of view of companies, the teaching of Macroeconomics aims to develop students the basic theoretical skills necessary to interpret the main economic phenomena. At the end of the aforementioned teaching, we make sure that the student is able to use the theoretical tools taught to understand and interpret the main stylized facts that, on a daily basis, are repeated in the real economic world. |
| Prerequisites | In order to understand the main techniques imparted in the teaching, it is necessary to have successfully taken the exams of Mathematical Analysis and Microeconomics. Moreover, other topics covered in the module require to have the ability to solve simple derivatives and to set up and solve a maximum constrained problem with the Lagrange method. The knowledge of these techniques is an indispensable prerequisite for the student who wants to follow the course successfully. |
| Teaching methods | The teaching method develops along three main lines. Classroom lessons to deepen theoretical knowledge on all the topics covered. Exercises aimed at analytically solving some elementary macroeconomic models which will take place once a week following the presentation of the theoretical models. Finally, as part of the exercises, it is expected the deepening of some case studies that economic history over the last century has brought to the attention of macroeconomic theory in order to develop in the student the ability to establish a link between theory and empirical evidence. |
| Other information | Students reception in order to provide support for the understanding of the topics covered, can take place both in presence and remotely at the request of the student. |
| Learning verification modality | The exam includes a written test. The written test consists of answering four open questions, the first three of which are compulsory and the fourth is chosen from two questions. One of the two open questions involves the discussion of an in-depth case study during the course of teaching in order to assess the ability to establish a link between theory and the real world. The written exam lasts 90 minutes. |
| Extended program | First week. Introduction to the course through the discussion of recent economic facts (for example, the macroeconomic consequences of Covid-19 will be discussed in the teaching carried out during the aforementioned academic year). Second week. Definition of the constituent elements of an economic system and study of some basic accounting concepts and, in particular, of the accounting structure of the ESA 2010 Third week. Rigorous definition of the macroeconomic variables used in the study of theoretical models and through the presentation of the historical series of the latter, the definition of the main empirical regularities. Fourth and fifth week. Study of the classic short and medium term Benchmark: the general equilibrium in the absence of information and market imperfections. Effects of fiscal and monetary policies: displacement effect and monetary inflation. Fifth and sixth week. The income-expenditure model: the role of effective demand, the paradox of parsimony, the trade-off between stabilization of the economic cycle and stabilization of the public debt and the balanced budget theorem. Sixth and seventh week. The IS-LM model: the interaction of goods markets and financial assets. The management of monetary policy through the control of the money supply. The IS-IT model. The management of monetary policy through the control of the nominal interest rate. Eighth and ninth week. The IS-LM-AS model: general economic equilibrium with labor market imperfections and involuntary unemployment. The management of monetary policy through the control of the money supply. The IS-IT-AS model: general economic equilibrium with labor market imperfections and involuntary unemployment. The management of monetary policy by controlling the interest rate. 10th week. General review |