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Macroeconomics II

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Macroeconomics II

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Anno accademico 2015/2016

Codice dell'attività didattica
ECO0161
Docente
Prof. Fabio Cesare Bagliano (Titolare del corso)
Corso di studi
Laurea Magistrale Interateneo in Fisica dei sistemi complessi
Anno
1° anno
Tipologia
D=A scelta dello studente
Crediti/Valenza
6
SSD dell'attività didattica
SECS-P/01 - economia politica
Modalità di erogazione
Tradizionale
Lingua di insegnamento
Inglese
Modalità di frequenza
Facoltativa
Tipologia d'esame
Scritto
Prerequisiti
Working knowledge of microeconomics and macroeconomics at the level of three-year undergraduate courses is required. The formalized analysis of macroeconomic models requires familiarity with the mathematical and statistical tools acquired in the three-year undergraduate program in Economics. In particular, extensive use of differential calculus and constrained optimization techniques will be made.
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http://www.masters-economics.unito.it/do/corsi.pl/Show?_id=xici;sort=DEFAULT;search=%20%7banno%7d%20%3d%7e%20m%2f1%b0%20anno%2fi%20;hits=9
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Sommario insegnamento

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Obiettivi formativi

The course will provide students with a deep and up-to-date knowledge of modern theories of economic fluctuations and the related techniques of macroeconomic analysis and model-building.

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Risultati dell'apprendimento attesi

During the course, students will learn how to apply economic concepts and methodologies to actual economic problems and situations related to business cycle fluctuations, drawing the appropriate policy implications, and how to autonomously apply rigorous macroeconomic thinking with the support of quantitative methods, in order to formulate personal judgements on economic developments and policy issues.

The course will enable students to understand the most recent developments in macroeconomic theory and will be a suitable basis for further research work in macroeconomics.

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Programma

   The course will cover the following topics:
1. The "neoclassical synthesis"
2. The “natural” rate of unemployment and the long-run Phillips curve
3. The “rational expectations” hypothesis and the business cycle theory of the New Classical Macroeconomics
4. Nominal rigidities, rational expectations, and the effectiveness of stabilization policies
5. Dynamic macroeconomic models with rational expectations: (a) output and the stock market; (b) exchange rate dynamics in open economies
6. The “real business cycle theory”
7. The “New-Keynesian Macroeconomics”: macroeconomic implications of imperfections in labor and goods markets

Testi consigliati e bibliografia

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The course is not based on a textbook. For most topics, lecture notes will be circulated; moreover, for each topic, a set of readings (mostly drawn from scientific international journals) will be provided, with the original presentations of the models presented in the lectures.

A detailed reading list, lecture notes and other material can be found in the web page of the course:
http://web.econ.unito.it/bagliano/macroeconomics2_1314.html



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