Insegnamento a.a. 2015-2016



Department of Economics

Course taught in English

Go to class group/s: 23
BIG (6 credits - II sem. - OB  |  SECS-P/01)
Course Director:

Classes: 23 (II sem.)

Course Objectives

The course aims at teaching the elementary vocabulary and concepts of an open economy macro theory. The objective is also to stimulate students, with group work and presentations, to apply what they learn in discussing real world issues. Students will be introduced to the understanding of national accounts, aggregate equilibrium on the goods and asset markets, macro analysis of the labor market, costs of production, productivity and countries’ competitiveness, inflation, exchange rates and policies for macro-stabilization. Group work will then provide an introductory experience in usingbasic data, official documents and simple academic literature, to dig into some of the current debates on policy making.

Course Content Summary

  • Measuring aggregate economic activity.
  • Macro equilibrium and the IS-LM model.
  • The aggregate cost curve, the labor market and the Phillips trade-off.
  • Economic policies to stabilize internal and external equilibria in open economies.
  • Global macroeconomic geography.
  • Long term prospects for growth: the debate.
  • EU’s monetary policy and fiscal coordination: current developments.
  • Labor market and welfare systems: empirical evidences and proactive structural policies.
  • The global crisis since 2007: a role for international cooperation?

Detailed Description of Assessment Methods

Grades based 40% on a written midterm partial (or an equivalent part of a final, general exam), 40% on group work (or individual paper), 20% on the second partial (or equivalent part of the general).


  • O. BLANCHARD, A. AMIGHINI, F. GIAVAZZI, Macroeconomics: a European perspective, Pearson, 2013, 2th edition,  (only for reference to some chapters: for the preparation of the corresponding parts of the exam a set of slides will be prepared by the teacher).
Exam textbooks & Online Articles (check availability at the Library)
Last change 30/06/2015 08:59