MACROECONOMICS

The goal of this course is to allow undergraduate students to understand the fundamental behaviour of an aggregate economic systems. Beginning with fundamental notions such as GDP, aggregate demand and supply, it will then propose tools to understand the implications of economic policies in the short-run and in the long-run.

Students are required to have a good understanding of basic microeconomics and statistics.

- Knowledge and understanding: Students are expected to understand the interactions between the main determinants of aggregate demand and the level of economic activity. - Applying knowledge and understanding: students are expected to be able to recognise macroeconomic phenomena and to identify proper conceptual frameworks for policy analysis. - Making judgement:students will be able to understand the implications of economic policy. - Communication Skills: Students will be able to communicate appropriate policy measures in response to different macroeconomic scenarios. - Learning skills: Students will learn to infer practical policy implications based on formal and theoretical models.

Macroeconomic models for the interpretation of economic policy in the short run and in the long run.

G. Mankiw "Macroeconomics"

Up-front lectures twice weekly plus one on-line weekly lecture. Periodical discussions.

Written exam with exercises and open-answers questions

Dissertations are suggested to students who have shown a genuine interest in macroeconomics and who have shown to possess a satisfactory understanding of the course contents.