Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2018/2019
Belonging course: 
Course of Master's Degree Programme on ECONOMIC, FINANCIAL AND INTERNATIONAL SCIENCES
Disciplinary sector: 
ECONOMIC POLICY (SECS-P/02)
Language: 
Italian
Credits: 
6
Year of study: 
2
Teachers: 
Cycle: 
Second semester
Hours of front activity: 
48

Language

Italian

Course description

Analyzing and understanding the analysis of economic cycles and financial factors. To this end, students will be able to solve and simulate general equilibrium models through the use of the DYNARE software in MATLAB.
Knowledge and understanding:
The student must demonstrate firstly that she/he has acquired the basic tools for solving and simulating the models of general equilibrium and secondly to be able to explain the results.
Judgment autonomy:
The student must demonstrate that she/he has acquired a critical interpretation ability towards the topics covered in the course. In particular, the student must be able to discuss the compatibility between stylized facts and predictions formulated on the basis of these models.
Communication skills: The student must be able to respond clearly and comprehensively to the questions of the written test and the oral interview.
Learning skills: The student must demonstrate her/his knowledge of the topics presented in the course, also with the help of scientific publications.

Prerequisites

Mathemantics, macroeconomics, microeconomics

Syllabus

The course proceeds according to two parallel paths: theoretical and applicative. As for the theoretical part, lessons focus on the study of dynamic general equilibrium (DGE) models. As for the applicative part, attention is paid to the solution and simulation of these models, as well as their interpretation.
In a first phase the course presents models characterized by completely perfect markets, according to the Real Business Cycle Theory.
Secondly, the course deals with models characterized by imperfections in the goods and labor market by incorporating the notions of stickiness of prices and wages, according to the Neo-Keynesian theory.
I block of classes (24 hours):
The business cycle: stylized concepts and facts
Introduction to DYNARE
Real Business Cycle (RBC) theory
Applications of RBC models and comparison with empirical evidence
II block of classes (24 hours):
Neo-Keynesian theory
Applications of NK models and comparison with empirical evidence
Financial frictions, credit channel and economic cycle

The course proceeds according to two parallel paths: theoretical and applicative. As for the theoretical part, lessons focus on the study of dynamic general equilibrium (DGE) models. As for the applicative part, attention is paid to the solution and simulation of these models, as well as their interpretation.
In a first phase the course presents models characterized by completely perfect markets, according to the Real Business Cycle Theory.
Secondly, the course deals with models characterized by imperfections in the goods and labor market by incorporating the notions of stickiness of prices and wages, according to the Neo-Keynesian theory.

Teaching Methods

Frontal teaching and topic lectures

Textbooks

Marchetti E., Teorie del Ciclo Economico, Editore Esculapio
Additional material and scientific publications will be provided during the course.

Learning assessment

The student's evaluation consists of a written exam (70% of the overall mark) and a presentation of a scientific article selected from the list of articles provided by the teacher (30% of the overall mark).

More information