Unit MACROECONOMICS
- Course
- Economics of tourism
- Study-unit Code
- 20003909
- Location
- ASSISI
- Curriculum
- In all curricula
- Teacher
- Paolo Polinori
- Teachers
-
- Paolo Polinori
- Hours
- 63 ore - Paolo Polinori
- 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
- Language of instruction
- Lessons are in Italian. International and Erasmus students can attend the course. Teaching materials are available in English. Written and/or oral examinations can be made in English. Please, send a mail to the Lecturer to book an appointment in the first week of lessons.
- Contents
- The program focuses on the real, money and financial markets. It also deals with the links between these markets. Lessons and exercises on National Accounting and input-output tables to analyze the role of the tourism sector. The goal is to provide the knowledge and skills to understand the complexity of macroeconomic relationships such as the understanding of the tools that the institutions can use to stabilize the economy. Initially the course addresses the problems of measurement of economic processes and describes the main institutional actors. In the second part of the program we focus on long and short run model, with particular attention to the role of public intervention in the economy. The economic analysis takes its cue from the most historically relevant cases beginning with the recent great recession.
- Reference texts
- P.A. Samuelson, W.D. Nordhaus, C.A. Bollino, Economia (XXI Ed.) Mc-Graw Hill, Milano, 2019.
O. Castellino (agg. M.Visaggio) Contabilità Nazionale, Giappichelli, Torino, 2021
National and international reports on the tourism sector - Educational objectives
- The teaching is the second economic examination that the student faces in the course of degree in Tourism Economics whose objective is to train experts able to operate in the enterprises of the tourism sector as a business framework in charge of accounting, marketing or strategy, project management or hotel manager. The main skills that students will acquire: a) the basic knowledge of the analytical tools (short and long run model); b) the knowledge of contemporary, national and international, socio-economic system; c) the knowledge of the operation of the economic system: the role of markets; d) the knowledge of the operation of the economic system: the role of institutions. The main skills that allow you to apply the knowledge gained will be: a) the identification of characteristics that are the basis of the relationship between markets and between market and institutions; b) the recognition of the main problems that characterize the modern and globalized macroeconomic systems; c) management of company system dependencies on international dynamics.
- Prerequisites
- The topics covered in the course of Macroeconomics require knowledge of mathematics and microeconomics.
- Teaching methods
- The course is organized as follows:
a) lectures that will cover all the topics of the program;
b) exercises on national accounts and on short and long run model;
c) films and reports related to the topics of the course;
d) TV debates on economic issues;
e) organization of seminars. - Other information
- More info will be provided in class and made available on the platform moodle : https://www.unistudium.unipg.it/unistudium/
- Learning verification modality
- There are three written tests and an optional oral examination.
The exam schedule is as follows
1st test: homework (Open Book -Take home exams-). Used to test the student's ability in research, develop, integrate and apply the information and concepts introduced in the lectures. It takes place at the end of the second week of classes. It is a written examination to be carried out at home and return the next day assignment. (Worth up to a maximum of 2/30 points)
2nd test: first written exam (Middle term exam). It takes place just after the break teaching. It is a written examination in three parts. First part: computable exercise. It serves to test the ability to apply information and concepts introduced in the lectures in terms of problem solving. Second part: three open questions to be chosen out of 5. It serves to test the student's ability to develop, connect and integrate the concepts introduced in class. Third part: 6 multiple-choice questions. It serves to check the preparation of the student on all topics covered in class. Free time 1h 30 '. Worth up to a maximum of 30/30 points comprises: 6 points for the exercise + 18 points (6 points for each open question) + 6 points (1 point for each multiple choice question).
3rd test: final written examination (Final exam term). It takes place at the end of the course. It is a written examination in three parts. First part: computable exercise. It serves to test the ability to apply information and concepts introduced in the lectures in terms of problem solving. Second part: three open questions to be chosen out of 5. It serves to test the student's ability to develop, connect and integrate the concepts introduced in class. Third part: 6 multiple-choice questions. It serves to check the preparation of the student on all topics covered in class. Free time 1h 30 '. Worth up to a maximum of 30/30 points comprises: 6 points for the exercise + 18 points (6 points for each open question) + 6 points (1 point for each multiple choice question).
The final grade is the arithmetic average of the tests II and III if both sufficient. (The tests must be repeated until the achievement of sufficiency), the homework grade is added to the average score obtained.
If the passing grade achieved is not satisfactory for the student, it can ask to perform the oral examination on the whole program. - Extended program
- Economics in age of crisis. The instability of capitalism (Keynes vs. Minsky).
The measurement of the economy : a) The national accounts and the main indexes ; b) The aggregate demand: b1) consumption , b2) investment , b3) public expenditure ; b4) net exports. c) Unemployment. d) Inflation.
Demand and money supply: a) the Central Bank ; b) Financial Intermediaries; insurance companies, investment banks and sovereign wealth funds; c) Monetary markets; d) Financial markets; e) Stock markets.
Part II
The long run models: a) The aggregate demand and supply; b) The Phillips curve.
The short run models in closed economy: a) Income and Expenditure; b) IS- LM
The foreign sector: a) balance of payments; b) exchange rates and purchasing power parity; c) monetary regimes.
The short run models in open economy: IS- LM in an open economy
Monetary, fiscal policies and welfare state; d) Input output tables- sectoral analysis - tourism sector analysis.
The program is the same for students attending and not attending.