Unit MACROECONOMICS
- Course
- Business administration
- Study-unit Code
- 20003909
- Location
- PERUGIA
- Curriculum
- Economico aziendale
- Teacher
- Mauro Visaggio
- Teachers
-
- Mauro Visaggio
- Hours
- 63 ore - Mauro Visaggio
- CFU
- 9
- Course Regulation
- Coorte 2024
- Offered
- 2025/26
- Learning activities
- Caratterizzante
- Area
- Discipline economiche
- Sector
- SECS-P/01
- Type of study-unit
- Obbligatorio (Required)
- Type of learning activities
- Attività formativa monodisciplinare
- Language of instruction
- Italian
- Contents
The course presents the following topics. Classic model; income-expenditure model; IS-IT model; basics of open economy;
open economy under flexible exchange rate regime: open economy under fixed exchange rate regime; the Great Depression; the Great Inflation; the Great Recession: the Great Uncertainty; currency crisis in Italy in 1992; tax adjustments in Italy in the 1990s; the evolution of public debt in Italy.- Reference texts
A. Mauro Visaggio, 2023, Macroeconomia. Teoria e politica macroeconomica in una economia globale integrata, seconda edizione, McGraw-Hill editore, Milano.
B. Mauro Visaggio, 2024, Le Grandi Fasi economiche tra cigni neri e cigni grigi, McGraw-Hill editore, Milano.- Educational objectives
The course aims to develop the tools and topics addressed
during a basic Macroeconomics course with applications to historical cases- Prerequisites
Knowledge of basic concepts of microeconomics and mathematical analysis.- Teaching methods
Lectures and exercises- Other information
The supervision of the thesis is subject to passing the exam. There is no
restriction on the mark obtained in the exam.- Learning verification modality
Written exam: ten multiple-choice questions (maximum 2 points each); one open-ended question (maximum 10 points)."- Extended program
PART ONE. Theoretical models
Classical paradigm: the Panglossian vision of the economic system. Classic benchmark, macroeconomic policies: the destabilization of the economic system. [Educational material: (A) chapter 2].
Keynesian paradigm: the pessimistic vision of the economic system. Income-expenditure model. Macroeconomic policies for stabilizing the economic system. [Educational material: (A) chapter 3].
IS-IT model: short term. IS-IT model. Macroeconomic policies in the presence of high public debt. [Educational material: (A) chapter 4].
IS-IT-AS model: medium-long term. IS-IT-AS model: short-run temporary equilibrium. IS-IT-AS model: medium-long term equilibrium. [Educational material: (A) chapter 5].
Balance of payments and foreign exchange market. Balance of payments. International monetary system. Foreign exchange market equilibrium under flexible and fixed exchange rate regimes. [Educational material: (A) chapter 6].
IS-IT model in open economy: flexible exchange rate regime. Open IS-IT model: perfect capital mobility and flexible exchange rate regime. Macroeconomic stabilization policies. [Educational material: (A) chapter 7].
IS-IT model in open economy: fixed exchange rate regime. IS-IT model in open economy: fixed exchange rate regime. Optimal monetary areas [Educational material: (A) chapter 8]
SECOND PART. Study cases
Case Study 1. The Great Depression. [Educational material: (B) chapter 1]
Case study 2. The Great Inflation. [Educational material: (B) chapter 3]
Case Study 3. The Great Recession. [Educational material: (B) chapter 5]
Case study 4. The Great Global Uncertainty: the permacrises of 2020-2024. [Educational material: (B) chapter 6]
Case study 5. 1992 Italian currency crisis. [Educational material: (B) chapter 8]
Case study 6. Fiscal adjustments in Italy in the 1990s. [Educational material: (B) chapter 9]
Case study 7. Evolution of public debt in Italy in the period 1960-2021. [Educational material: (B) chapter 10.- Obiettivi Agenda 2030 per lo sviluppo sostenibile