International Teaching | TOPICS IN MACROECONOMICS
International Teaching TOPICS IN MACROECONOMICS
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cod. 8861200003
TOPICS IN MACROECONOMICS
| 8861200003 | |
| DEPARTMENT OF ECONOMICS AND STATISTICS | |
| Corso di Dottorato (D.M.226/2021) | |
| ECONOMICS AND POLICY ANALYSIS OF MARKETS AND FIRMS | |
| 2023/2024 |
| OBBLIGATORIO | |
| YEAR OF COURSE 1 | |
| YEAR OF DIDACTIC SYSTEM 2023 | |
| FULL ACADEMIC YEAR |
| SSD | CFU | HOURS | ACTIVITY | |
|---|---|---|---|---|
| SECS-P/01 | 2 | 10 | LESSONS |
| Objectives | |
|---|---|
| KNOWLEDGE AND UNDERSTANDING: THE STUDENT WILL ACQUIRE KNOWLEDGE RELATED TO THE STRATEGIC DECISIONS OF AGENTS INVOLVED IN ECONOMIC POLICIES, WITH SPECIAL ATTENTION TO MIGRATION POLICIES, FROM A THEORETICAL AND EMPIRICAL POINT OF VIEW, WITH PARTICULAR ATTENTION TO IDENTIFICATION ISSUES. |
| Prerequisites | |
|---|---|
| STATIC AND DYNAMIC OPTIMIZATION AND 1ST ORDER DIFFERENTIAL AND DIFFERENCE EQUATIONS |
| Contents | |
|---|---|
| THE COURSE DISCUSSES LONG AND SHORT RUN MACROECONOMIC MODELS AND AIMS TO GIVE THE STUDENTS ADVANCED ANALYTICAL TOOLS FOR THE INTERPRETATION OF THE MAIN MACROECONOMIC ISSUES. CLASSES ARE ORGAZISED ACCORDING TO THE FOLLOWING SCHEME. 1. ECONOMIC GROWTH - EMPIRICAL REGULARITY - PRODUCTION FUNCTION AND ECONOMIC GROWTH - MODELS WITH EXOGENOUS GROWTH - THE SOLOW GROWTH MODEL - THE SOLOW MODEL WITH HUMAN CAPITAL - THE RAMSEY MODEL - CONVERGENCE - ENDOGENOUS GROWTH - TWO-PERIOD MODELS - OLG MODELS 2 PUBLIC SPENDING RICARDIAN EQUIVALENCE AND NON-EQUIVALENCE DEBT AND INTERGENERATIONAL REDISTRIBUTION 3. MONEY MONEY AS A MEDIUM OF EXCHANGE EXISTENCE OF FIAT MONEY IN OLG MODELS PORTFOLIO OPTIMIZATION FINANCIAL MARKETS AND CRISES |
| Teaching Methods | |
|---|---|
| LECTURES (45H) AND EXERCISES (15H) |
| Verification of learning | |
|---|---|
| ACHIEVING THE OBJECTIVES OF LEARNING IS CERTIFIED BY EXAMINATION. THE EXAM PROVIDES A WRITTEN TEST THAT IS PASSED WITH A MINIMUM VOTE OF 18/30 AND A MAXIMUM OF 30/30. THE TEST OF 60 MINUTES IS FINALIZED TO A TRANSPARENT AND OBJECTIVE EVALUATION OF THE KNOWLEDGE AND LEARNING CAPABILITY OF THE STUDENT. THE TEST IS STRUCTURED IN FIVE EXERCISES. TWO EXERCISES REQUIRE THE REPRODUCTION OF MODELS STUDIED IN THE COURSE. TWO EXERCISES REQUIRE THE APPLICATION OF THE METHODOLOGY ACQUIRED DURING THE CLASSES TO SOLVE A PROBLEM. A HIGHER-LEVEL EXERCISE GIVES THE STUDENT THE POSSIBILITY TO COMPLETELY SHOW HIS COMPETENCES. THE STUDENT IS INFORMED OF THE SCORE CORRESPONDING TO ANY EXERCISE. ANY ANSWER MUST CONTAIN A BRIEF COMMENT AND/OR A GRAPHIC DESCRIPTION. THE ANSWERS ARE THEREFORE COMPARABLE TO PRE-DETERMINED CRITERIA FOR CORRECTION. IN SUCH A WAY, IT IS POSSIBLE NOT ONLY TO KNOW THE KNOWLEDGE AND THE ABILITY OF THE STUDENT BUT ALSO HIS ABILITY TO EXHIBIT THE ARGUMENTS WITH THE APPROPRIATE TERMINOLOGY. THE USE OF TEXTBOOKS, PCS AND SMARTPHONES IS STRICTLY FORBIDDEN; ONLY A CALCULATOR IS ALLOWED. |
| Texts | |
|---|---|
| MAIN TEXTBOOK: BARRO ROBERT, SALA-I-MARTIN XAVIER, ECONOMIC GROWTH, MIT PRESS. ROMER D.: ADVANCED MACROECONOMICS, MCGRAW-HILL. SUGGESTED TEXTBOOKS: ACEMOGLU DARON, INTRODUCTION TO MODERN ECONOMIC GROWTH, PRINCETON UNIVERSITY PRESS. OTHER READINGS: HEIJDRA B., VAN DER PLOEG F.: FOUNDATIONS OF MODERN MACROECONOMICS, OXFORD UNIVERSITY PRESS; BAGLIANO FABIO CESARE, BERTOLA GIUSEPPE, METODI DINAMICI E FENOMENI MACROECONOMICI, IL MULINO. LEONARD DANIEL, VAN LONG NGO, OPTIMAL CONTROL THEORY AND STATIC OPTIMIZATION IN ECONOMICS, CAMBRIDGE UNIVERSITY PRESS. DE LA CROIX DAVID, MICHEL PHILIPPE, A THEORY OF ECONOMIC GROWTH: DYNAMICS AND POLICY IN OVERLAPPING GENERATIONS, CAMBRIDGE UNIVERSITY PRESS. BLANCHARD OLIVIER, FISHER STANLEY, LECTURES ON MACROECONOMICS, MIT PRESS |
| More Information | |
|---|---|
| FURTHER READINGS WILL BE PROVIDED DURING CLASSES |
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