20357 - MACROECONOMICS - PREPARATORY COURSE

EMIT ( - I sem. - P) - GIO ( - I sem. - P)

Course Director:
MARCELLA NICOLINI

Classes: 1 (I sem.)

Instructors:
Class 1: MARCELLA NICOLINI

The aim of this preparatory course is to provide the basic analytical tools for the analysis of the current macroeconomic scenarios. After a review of the economic fundamentals (GDP, unemployment, inflation, debt and deficits), the lectures deal with the concept of short-run equilibrium and the basics of the open economy. During the 2nd semester courses, particularly the course of Economic and Policy of Global Markets (code 20512), these topics are considered as known and are not repeated.

• Introduction to macroeconomics.
• Measuring the macroeconomy.
• An overview of long-run economic growth.
• The labor market, wages, and unemployment.
• Inflation.
• An introduction to the short-run.
• The IS curve.
• Consumption.
• Investment.

• C.I. Jones, Macroeconomics, W.W. Norton & Company Ltd., 2014, 3rd edition, (chapters 1-3, 7-9, 11, 16-17).