GLOBAL ECONOMICS
Syllabus
Updated A.Y. 2022-2023
Academic Year 2022-2023
Syllabus
Global Economics
CFU 9
Prof. Barbara Annicchiarico
Course Description
The course touches upon the essential elements of macroeconomics in the context of advanced mixed market-based economies. The course focuses on labor, firms and technology, money and finance, macroeconomics and consumption, and macroeconomic policy. The last part of the course is devoted to globalization and economic relations between nation-states, an analysis of the major economic crises, and an introduction to environmental macroeconomics.
Teaching Method
The course combines the traditional teaching method based on lectures, exercises, and problems, with experiments in active classroom learning with students being assigned material before class, which is then used as a basis for discussion and activity.
For further details, see below, Presentation #0 and the syllabus
Reading List
Last update: 9 December 2022
IMPORTANT: This list will be subject to changes and updates during the semester. The final reading list for each topic will be available step by step. In this way, I'll be able to tailor the contents of this course to students' needs, interests, and backgrounds. Please check this syllabus regularly for any updates.
Please notice that
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Starred (*) readings are required and can be objects of examination.
- Unless otherwise stated, the technical contents of Einstein boxes are optional.
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Other readings are optional and are provided for your interest and benefit. These readings will not be objects of examination.
Topic 1 The capitalist revolution, technological change, population, and growth
The capitalist revolution, income measures, and economic growth
Final readings and material
*Unit 1 CORE textbook: Introduction, from 1.1 to 1.9, 1.11, and 1.12. Einstein box.
*Presentation 1A
*Global Economics Lab #1A
Jones, C. I., & Romer, P. M. (2010). The new Kaldor facts: ideas, institutions, population, and human capital. American Economic Journal: Macroeconomics, 2(1), 224-45.
Video: Why economics needs data
Human Capital Index
Technology, population, and growth
Preliminary readings and material
*Unit 2 CORE textbook: Introduction, from 2.2 to 2.11. Einstein box.
*Presentation 1B
*Global Economics Lab #1B
Video: Why Britain industrialised when others did not
Topic 2 Labor supply: scarcity, work, and choice
Final readings and material
*Unit 3 CORE textbook: Introduction, from 3.1 to 3.11.
*Presentation 2
*Global Economics Lab #2
Video: Why do we work so hard?
Topic 3 Labor demand: owners, managers, and employees
Final readings and material
*Unit 6 CORE textbook: Introduction, from 6.1 to 6.8; 6.10.
*Presentation 3
*Global Economics Lab #3
Topic 4 The labor market: Wages, profits, and unemployment
Final readings and material
*Unit 9 CORE textbook: Introduction, from 9.1 to 9.3, 9.5, 9.6, from 9.9 to 9.11. Einstein box in 9.5.
*Presentation 4
*Global Economics Lab #4
Topic 5 Banks, money, and the credit market
Final readings and material
*Unit 10 CORE textbook: Introduction, from 10.1 to 10.12.
*Presentation 5
*Global Economics Lab #5
Topic 6 Economic fluctuations and unemployment
Final readings and material
*Unit 13 CORE textbook: all sections.
*Presentation 6
*Global Economics Lab #6
Topic 7 Unemployment and fiscal policy
Final readings and material
*Unit 14 CORE textbook: all sections.
*Presentation 7
*Lecture Notes #1
*Global Economics Lab #7
Topic 8 Inflation, unemployment, and monetary policy
Final readings and material
*Unit 15 CORE textbook: Introduction, from section 15.1 to 15.3, from 15.5 to 15.11.
*Presentation 8
*Lecture Notes #2
*Global Economics Lab #8
Topic 9 The nation and the world economy
Final readings and material
*Unit 18 CORE textbook.
*Presentation 9
Global Economics Lab #9: Guided class discussion.
*Dani Rodrik: Globalisation: The Trade-Offs
Topic 10 The Great Depression, Golden Age, and the Global Financial Crisis
Final readings and material
*Unit 17 CORE textbook: Introduction, 17.1, 17.7, 17.8, 17.10, 17.11.
*Presentation 10
There is no GELabS on this topic.
Non-attending students are strongly encouraged to watch these videos: *Video 1 ; *Video 2
Eurocrisis in a nutshel: Video 1
The financial crisis is explained with an example (Matilde's bar). See Class Material
Topic 11 Climate actions and environmental macroeconomics
Final readings and material
*Unit 20 CORE textbook: Introduction, 20.2, 20.3, 20.7, 20.8, 20.9.
*Presentation 11
*GELabS 11: Guided class discussion
Material
Textbook
Core Econon - The Economy - Economics for a changing world
Data Sources
Maddison Historical Statistics