Università degli Studi di Napoli "Parthenope"

Teaching schedule

Academic year: 
2018/2019
Partition: 
Cognomi A-L
Teaching: 
Belonging course: 
Course of Bachelor's Degree Programme on ECONOMICS AND BUSINESS
Disciplinary sector: 
ECONOMIC POLICY (SECS-P/02)
Credits: 
9
Year of study: 
2
Teachers: 
Cycle: 
First Semester

Language

Italian

Course description

EDUCATIONAL GOALS:
The course aims to provide general and specific knowledge of the
theoretical and institutional reasons underlying public intervention in the
economy, with particular regard to the macroeconomic context.
This involves a solid understanding of the main well-established
macroeconomic theories, as well as a general grasp of some of the main
economic policy issues of systemic relevance. The topics covered include
the analytical models connected to the theory, although they are treated
in a sufficiently concise and simplified fashion.
EXPECTED RESULTS:
Knowledge and understanding: the student must demonstrate to
understand the issues concerning public intervention in the economy at a
systemic level; moreover, he/she must prove to master the main
operating mechanisms of the economic system intended as an integrated
whole, in the framework of the modern perspectives of economic
analysis.
Ability to apply knowledge and understanding: the student must prove to
be able to apply the knowledge acquired to the main public intervention
empirici e la politica economica
II blocco di lezioni (24 ore)
Introduzione alle fluttuazioni economiche. La domanda aggregata I: il
modello IS-LM. La domanda aggregata II: applicare il modello IS-LM. Una
rivisitazione dell’economia aperta: il modello di Mundell-Fleming e il
regime dei tassi di cambio. L’offerta aggregata e il trade-off di breve
periodo tra inflazione e disoccupazione.
III blocco di lezioni (24 ore)
Le politiche di stabilizzazione. Il debito pubblico. Le aree valutarie e
l’Unione economica e monetaria europea. Il consumo. L’investimento. Il
sistema finanziario: opportunità e pericoli.
instruments and economic policy schemes. To this end, the teacher will
illustrate the relevance and the effects of fiscal policy, monetary policy
and commercial policy during his classes, integrating the theoretical
analysis and the basic economic models with examples, applications,
dataset and discussions of case studies and real problems concerning
contemporary economies. Such problems will be dealt with during the
office hours for the students who do not attend the classes.
Autonomy of judgment: the student must demonstrate to be able to
apply and contextualise the knowledge acquired, using the conceptual
and theoretical schemes in specific areas and applying them to real
cases. For example, the student must be able to recognise some forms of
monetary policy (manoeuvres on interest rates, manoeuvres on the
money stock, etc.) and of fiscal policy (expansive policies, debt/deficit
containment policies, etc.). She must be able to express an autonomous
and structured judgment on the relevant effects of these policies, using
the basic concepts and analyses of modern economic theory.
Communication skills: the student must be able to respond in a clear,
cogent and exhaustive fashion both to the questions in the written test
and to those of the oral exam.
Learning skills: the student must demonstrate good learning skills by
deepening her knowledge on bibliographic references, depending on the
field of study. She must be able to analyse and evaluate the impacts of
the economic policy intervention schemes on economic sectors and
contexts.

Prerequisites

A basic knowledge of microeconomics is required. Familiarity with some
basic elements of general mathematics, although not strictly necessary,
may facilitate the understanding of the topics covered. The teacher will
provide the appropriate bibliographic indications for students lacking
mathematical skills

Syllabus

1st lectures block (24 hours)
Macroeconomics as a science. Data in macroeconomics. Domestic
Product: where it comes from and where it goes. The monetary system:
what it is and how it words. Inflation: causes, effects and social costs. The
open economy. Unemployment. Economic Growth I: capital accumulation
and demographic growth. Economic Growth II: technology, empirical data
and economic policy.
2nd lectures block (24 hours)
Introduction to economic fluctuations. Aggregate Demand I: the IS-LM
model. Aggregate Demand II: applying the IS-LM model. Revisiting the
open economy: the Mundell-Fleming model and exchange rate regimes.
Aggregate Supply and the short-run trade-off between inflation and
unemployment.
3rd lectures block (24 hours)
Stabilisation policies. Public debt. Currency areas and the European
economic and monetary union. Consumption. Investment. The financial
system: opportunities and risks.

1st lectures block (24 hours)
Macroeconomics as a science. Data in macroeconomics. Domestic
Product: where it comes from and where it goes. The monetary system:
what it is and how it words. Inflation: causes, effects and social costs. The
open economy. Unemployment. Economic Growth I: capital accumulation
and demographic growth. Economic Growth II: technology, empirical data
and economic policy.
2nd lectures block (24 hours)
Introduction to economic fluctuations. Aggregate Demand I: the IS-LM
model. Aggregate Demand II: applying the IS-LM model. Revisiting the
open economy: the Mundell-Fleming model and exchange rate regimes.
Aggregate Supply and the short-run trade-off between inflation and
unemployment.
3rd lectures block (24 hours)
Stabilisation policies. Public debt. Currency areas and the European
economic and monetary union. Consumption. Investment. The financial
system: opportunities and risks.

Teaching Methods

Lectures and weekly TA classes.

Textbooks

N.G. Mankiw, M. P. Taylor, Macroeconomia, Zanichelli, u.e. –
Chapters: 1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20.

Learning assessment

Grading is based on a written test, composed in part by open question on
the topics of the course and in part by numerical and operational
exercises, covering the themes tackled in the lectures and in the TA
classes. When answering the theoretical questions and the numerical
exercises, students will have to prove their ability to outline both the
fundamental concepts acquired during the course and the formalised
models dealt with in the lectures, in the TA sessions and in the suggested
texts. If the teacher deems it necessary, an oral test may take place, in
order to assess more thoroughly the attainment of the educational goals.

More information