Insegnamento a.a. 2024-2025

PART ONE: The economic environment in the long run:
• Measuring the Macroeconomy
• Economic growth over the long run
• Labor markets
• Inflation

PART TWO: Medium run: business cycles and economic policies
• Consumption and savings decisions
• Aggregate supply, aggregate demand, money, banking and finance
• Monetary policy and the role of the central bank
• The Great Recession and the Covid Recession

Recognize the main determinants of long-run growth and the impact of structural factors
• Explain the drivers of long-run economic growth and the implications for business
• Identify the trade-offs firms face in managing global operations
• Understand and master basic and advanced tools of macroeconomics for analyzing media and company news
• Understand the manifestation and the causes of recessions and recoveries in the data
• Understand how Governments and central banks’ policies may accelerate growth and counteract business fluctuations

• Analyze media and company news about the economy
• Analyze the most important macroeconomic variables
• Evaluate economic policies and discuss their impact
• Discuss the growth impact of economic policies
• Evaluate trade-offs faced by global companies
• Interpret the macro effects of global news and trends

• Lectures
• Collaborative Works / Assignments

The learning experience of this course is based on face-to-face lectures, in-class activities and group assignments. In particular, students will solve exercises in class to verify the understanding of relevant concepts and will discuss real-world cases applying the theoretical concepts developed during lectures.

Attending students: With the purpose of measuring the acquisition of the above-mentioned learning outcomes, the students' assessment is based on three main components: 1. In-class participation (10% of the final grade) aimed to test the students' ability to interact in a constructive way and to think critically. 2. Group activities (30% of the final grade), where, working in groups, students will be asked to analyze and discuss case studies, which are used to assess the ability to apply the knowledge students learned when studying the course material. 3. Written exam (60% of the final grade), consisting of exercises and multiple-choice questions aimed to assess students' ability to apply the analytical tools illustrated during the course. The exam will also include open-ended questions, aimed at assessing the students' ability to explain the economic forces behind current macroeconomic events and their implications for business activities.

Non-attending students, i.e. students not participating in group activities, will be assessed with a general written exam that counts for 100% of the final grade. The written exam will consist of exercises and multiple-choice questions aimed to assess students' ability to apply the analytical tools illustrated during the course. The exam will also include open-ended questions, aimed at assessing the students' ability to explain the economic forces behind current macroeconomic events and their implications for business activities.

Lecture notes represent the core material and they will be made available in the Bboard page of the course
The lectures will be based on the textbook "Macroeconomics" by Charles I. Jones, published by Norton. The textbook is recommended but not compulsory.