First cycle
degree courses
Second cycle
degree courses
Single cycle
degree courses
School of Economics and Political Science
Course unit
EPP4064627, A.A. 2019/20

Information concerning the students who enrolled in A.Y. 2018/19

Information on the course unit
Degree course First cycle degree in
EP2093, Degree course structure A.Y. 2014/15, A.Y. 2019/20
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Number of ECTS credits allocated 10.0
Type of assessment Mark
Course unit English denomination MACROECONOMICS
Department of reference Department of Economics and Management
E-Learning website
Mandatory attendance No
Language of instruction Italian
Single Course unit The Course unit CANNOT be attended under the option Single Course unit attendance
Optional Course unit The Course unit is available ONLY for students enrolled in ECONOMICS

Teacher in charge THOMAS BASSETTI SECS-P/02
Other lecturers LORENZO FORNI SECS-P/02

Course unit code Course unit name Teacher in charge Degree course code

ECTS: details
Type Scientific-Disciplinary Sector Credits allocated
Core courses SECS-P/01 Political Economy 10.0

Course unit organization
Period First semester
Year 2nd Year
Teaching method frontal

Type of hours Credits Teaching
Hours of
Individual study
Lecture 10.0 70 180.0 No turn

Start of activities 23/09/2019
End of activities 18/01/2020
Show course schedule 2019/20 Reg.2014 course timetable

Examination board
Board From To Members of the board
15 Commissione AA 2019/20 - Canale P-Z 01/10/2019 30/11/2020 BASSETTI THOMAS (Presidente)
BRUNELLO GIORGIO (Membro Effettivo)
FORNI LORENZO (Membro Effettivo)
14 Commissione AA 2019/20 - Canale F-O 01/10/2019 30/11/2020 BASSETTI THOMAS (Presidente)
BRUNELLO GIORGIO (Membro Effettivo)
FORNI LORENZO (Membro Effettivo)
13 Commissione AA 2019/20 - Canale A-E 01/10/2019 30/11/2020 BRUNELLO GIORGIO (Presidente)
BASSETTI THOMAS (Membro Effettivo)
FORNI LORENZO (Membro Effettivo)

Prerequisites: Students must understand the principles of microeconomics. In particular, they should be confident with the concepts of utility and production function; more in general, the knowledge of consumption and the firm's theory is required. Basic mathematical and statistical notions are also necessary. Finally, students must understand differential algebra and present value formulas.
Target skills and knowledge: The purpose of this unit is to provide a basic knowledge of macroeconomics. The main topics will refer to real and financial markets functioning as well as their interactions in short- and in the long-run. Besides, we will also explore the effects of international trade openness. Finally, we will ask students to develop critical thinking on the current macroeconomic issues.
Examination methods: Written exam.
Assessment criteria: The final score will be the result of the written examination.
Course unit contents: 1. Economics in the short-run. We analyze the goods market, financial markets, and their interaction in the IS-LM model.
2. The medium-run. We study the labor market and the relations linking unemployment, inflation, production and money growth.
3. The long-run. We investigate the determinants of long-term growth.
4. The role of expectations. We consider the role played by expectations in determining macroeconomic outcomes and their consequences for economic policies.
5. Open economy. We introduce the concept of the exchange rate, analyzing the differences and the effects of different exchange rate regimes.
6. We discuss the limitations of economic policy.
Planned learning activities and teaching methods: Front lecturing.
Additional notes about suggested reading: - The handbook represents the primary bibliographic reference for studying.
- Slides are useful for revision, and they are available in Moodle, together with any other additional material.
Textbooks (and optional supplementary readings)
  • Olivier Blanchard, Alessia Amighini, Francesco Giavazzi, Macroeconomia. Una prospettiva europea. Bologna: Il Mulino, 2016. Capitoli 1-22 (capitoli 1, 2 e 13 da leggere) Cerca nel catalogo
  • David Findlay, Esercizi di macroeconomia. Guida allo studio del testo di Olivier Blanchard, Alessia Amighini, Francesco Giavazzi. Bologna: Il Mulino, 2016. Eserciziario Cerca nel catalogo

Innovative teaching methods: Teaching and learning strategies
  • Lecturing
  • Problem based learning
  • Interactive lecturing
  • Questioning
  • Story telling
  • Concept maps

Innovative teaching methods: Software or applications used
  • Moodle (files, quizzes, workshops, ...)
  • One Note (digital ink)
  • Latex
  • Mathematica

Sustainable Development Goals (SDGs)
No Poverty Quality Education Decent Work and Economic Growth Industry, Innovation and Infrastructure Reduced Inequalities Responsible Consumption and Production