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MACROECONOMICS II
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MACROECONOMICS II
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Academic year 2014/2015
- Course ID
- ECO0161
- Teacher
- Prof. Fabio Cesare Bagliano (Titolare del corso)
- Year
- 1° anno
- Teaching period
- Primo semestre
- Type
- Caratterizzante
- Credits/Recognition
- 6
- Course disciplinary sector (SSD)
- SECS-P/01 - economia politica
- Delivery
- Tradizionale
- Language
- Inglese
- Attendance
- Facoltativa
- Type of examination
- Scritto
- Prerequisites
- Macroceconomia e microeconomia a livello di laurea triennale. Tecniche matemnatiche (calcolo. ottimizzazione) e statistiche (inferenza) acquisite in corsi di laurea triennale in Economia.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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Sommario del corso
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Course objectives
Il corso mira a dotare gli studenti di una profonda e aggiornata cononscenza delle teorie moderne delle fluttuazioni economiche e delle tecniche quantitative maggiormente utilizzate nell'analisi macroeconomica.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.- Oggetto:
Results of learning outcomes
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</p>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.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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Learning assessment methods
There is a written exam (lasting 90 minutes) at the end of the course, with both formalized and theoretical questions.
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Program
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</p>Argomenti:
1. La "sintesi neoclassica"
2. Il “natural rate of unemployment" e la curva di phillips di lungo periodo
3. Aspettative razionali e teoria New Classical del ciclo economico
4. Rigidità nominali, aspettative razionali ed efficacia delle politiche economiche di stabilizzazione
5. Modelli macroeconomici dinamici con aspettative razionali: (a) output e mercato azionario; (b) dinamica del tasso di cambio in economia aperta
6. La “real business cycle theory”
7. La “New-Keynesian Macroeconomics”: implicazioni macroeconmiche delle imperfezioni nei mercati dei beni e del lavoro.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 marketsSuggested readings and bibliography
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- Il corso non è basato su un libro di testo. Verrano rese disponibili Lecture notes sui vari argomenti del corso, oltre ad una serie di riferimenti e letture principalmente costituite da papers su riviste scientifiche internazionali. Una reading list dettagliata, oltre alle lecture notes, è disponibile sulla web page del corso: http://web.econ.unito.it/bagliano/macroeconomics2_1415.htmlThe 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_1415.html
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Class schedule
Giorni Ore Aula Lunedì 11:15 - 13:15 Aula 31 Facoltà di Economia Martedì 9:15 - 11:15 Aula 31 Facoltà di Economia Lezioni: dal 15/09/2014 al 06/12/2014 - Oggetto:
Note
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