The course will provide the students solid basis and analytical instruments on main Macroeconomics models. In particular, the analytical tools to understand the most relevant economic models will be provided. In addition, on the basis of what is taught in the first part of the course the student will be able to understand, interpret and envisage the consequences of the economic policies that will be illustrated in the second part of the course. At the end of the course, students will therefore have acquired the knowledge/competencies needed for:
- interpret the aggregate demand/aggregate supply model (knowledge and comprehension ability);
- describe, analytically and graphically, the IS and LM curves (knowledge and comprehension ability);
- use the IS-LM model to explain the functioning of the monetary and fiscal policy (knowledge and comprehension ability);
- illustrate the main economic policy fields, distinguishing the various underlying economic theories (knowledge and applied comprehension ability);
- interpret the process of the European Union's construction;
- make a speech in an economic perspective about the most significant events, including in relation to the economic and financial crisis (independent thinking);
- evaluate the public-sector intervention in the economy (independent thinking);
- use the Macroeconomic and Political Economy technical terms to develop the basic concepts of this course (communication skills);
- stablish interdisciplinary connections (communication skills).