MACROECONOMICS
Syllabus
EN
IT
Learning Objectives
Learning Outcomes
The course contributes to the achievement of the objectives of the degree course, in line with the professional profiles and employment outlets envisaged, providing students with notions useful for an in-depth and critical understanding of some major debates in macroeconomics
KNOWLEDGE AND UNDERSTANDING:
At the end of the course, students will get to know and understand the the basic elements of macroeconomics, focusing on firms and technology, labor markets, money and finance, consumption and investment, and macroeconomic policy
APPLYING KNOWLEDGE AND UNDERSTANDING: Following the lectures, students will consolidate their knowledge of the fundamental concepts of macroeconomics and their ability to independently apply the knowledge they have acquired to the real world
COMMUNICATION SKILLS: By attending the course and interacting with the lecturer, students will develop their communication skills and their ability to organise and share articulate reasoning.
LEARNING SKILLS: Through the study of macroeconomics the students will acquire the ability to independently analyse and investigate specific topics related to the course contents.
The course contributes to the achievement of the objectives of the degree course, in line with the professional profiles and employment outlets envisaged, providing students with notions useful for an in-depth and critical understanding of some major debates in macroeconomics
KNOWLEDGE AND UNDERSTANDING:
At the end of the course, students will get to know and understand the the basic elements of macroeconomics, focusing on firms and technology, labor markets, money and finance, consumption and investment, and macroeconomic policy
APPLYING KNOWLEDGE AND UNDERSTANDING: Following the lectures, students will consolidate their knowledge of the fundamental concepts of macroeconomics and their ability to independently apply the knowledge they have acquired to the real world
COMMUNICATION SKILLS: By attending the course and interacting with the lecturer, students will develop their communication skills and their ability to organise and share articulate reasoning.
LEARNING SKILLS: Through the study of macroeconomics the students will acquire the ability to independently analyse and investigate specific topics related to the course contents.
Prerequisites
No formal pre-requisites
Program
The course programme is divided into 7 inter-related parts as follows:
1) Technology, population and growth
2) The firm: owners, managers and employees
3) The labour market: Wages, profits, and unemployment
4) Money, banks and the credit market
5) Economic fluctuations and unemployment
6) The multiplier model, unemployment and fiscal policy
7) Aggregate demand and aggregate supply
8) Inflation, unemployment and monetary policy
During each lecture, the lecturer presents the planned content with the aid of power point presentations and invites students to critical reflection and dialogue.
1) Technology, population and growth
2) The firm: owners, managers and employees
3) The labour market: Wages, profits, and unemployment
4) Money, banks and the credit market
5) Economic fluctuations and unemployment
6) The multiplier model, unemployment and fiscal policy
7) Aggregate demand and aggregate supply
8) Inflation, unemployment and monetary policy
During each lecture, the lecturer presents the planned content with the aid of power point presentations and invites students to critical reflection and dialogue.
Books
The Economy. CORE Project. https://core-econ.org/the-economy/?lang=en
Lecture material handed over online.
Optional reading: Brief Principles of Macroeconomics. 8th Edition, by G. Mankiw
Lecture material handed over online.
Optional reading: Brief Principles of Macroeconomics. 8th Edition, by G. Mankiw
Teaching methods
The course combines the traditional teaching method based on lectures, exercises and problems, with classroom discussions and activities with students being assigned material before class.
Exam Rules
Attending students: Final written exam (100%). The final exam consists of a 90-minute written test. The test consists of three open questions and exercises
Non-attending students: Final written exam (100%). The final exam consists of a 120-minute written test. The test consists of four open questions and exercises.
The examination assesses the student's overall preparation, ability to integrate the knowledge of the different parts of the program, consequentiality of reasoning, analytical ability and clarity of presentation, in accordance with the Dublin descriptors (1. knowledge and understanding; 2. applying knowledge and understanding; 3. making judgements; 4. learning skills; 5. communication skills).
The examination will be graded according to the following criteria:
Unsuitable: important deficiencies and/or inaccuracies in the knowledge and understanding of the topics; the topics are exposed in an incoherent manner and with inappropriate language.
18-20: barely sufficient knowledge and understanding of most of the topics, with some missing items; sufficient capacity for analysis; the topics are sometimes exposed in an inconsistent manner and with inappropriate/technical language;
21-23: basic knowledge and understanding of most of the topics; ability to analyze and synthesize correctly with sufficiently coherent logical argumentation, with possibly some inaccuracy in the technical language.
24-26: good knowledge and understanding of most of the topics; good analytical and synthetic skills with rigorously expressed arguments, though with possibly a few inaccuracies in the technical language.
27-29: complete knowledge and understanding of the topics; good capacity for analysis and synthesis. Arguments presented in a rigorous manner and with appropriate/technical language, with only minor inaccuracies.
30-30L: very good level of knowledge and thorough understanding of topics. Excellent analytical and synthetic skills and independent judgement. Arguments expressed in an original manner and in appropriate technical language.
Non-attending students: Final written exam (100%). The final exam consists of a 120-minute written test. The test consists of four open questions and exercises.
The examination assesses the student's overall preparation, ability to integrate the knowledge of the different parts of the program, consequentiality of reasoning, analytical ability and clarity of presentation, in accordance with the Dublin descriptors (1. knowledge and understanding; 2. applying knowledge and understanding; 3. making judgements; 4. learning skills; 5. communication skills).
The examination will be graded according to the following criteria:
Unsuitable: important deficiencies and/or inaccuracies in the knowledge and understanding of the topics; the topics are exposed in an incoherent manner and with inappropriate language.
18-20: barely sufficient knowledge and understanding of most of the topics, with some missing items; sufficient capacity for analysis; the topics are sometimes exposed in an inconsistent manner and with inappropriate/technical language;
21-23: basic knowledge and understanding of most of the topics; ability to analyze and synthesize correctly with sufficiently coherent logical argumentation, with possibly some inaccuracy in the technical language.
24-26: good knowledge and understanding of most of the topics; good analytical and synthetic skills with rigorously expressed arguments, though with possibly a few inaccuracies in the technical language.
27-29: complete knowledge and understanding of the topics; good capacity for analysis and synthesis. Arguments presented in a rigorous manner and with appropriate/technical language, with only minor inaccuracies.
30-30L: very good level of knowledge and thorough understanding of topics. Excellent analytical and synthetic skills and independent judgement. Arguments expressed in an original manner and in appropriate technical language.
Attendance Rules
Attendance is required from the very first lesson and it is necessary to attend the course to be considered an attending student.