Learning objectives
1) Knowledge. This course will enable students to put in practice the notions of macroeconomics learned during the Laurea triennale so as to understand the mechanisms of the crisis as described in the media.
2) Judgement skills. Students will improve their ability to give a personal take to the content of media articles, with special emphasis on the analysis of macroeconomic policies and shocks
3) Communication skills. This course encourages student communication skills also providing lunch talks where media articles are informally and collectively discussed and made available at the Facebook site of the Euroscenari Lunch Talk
Prerequisites
Basic tools of Macroeconomics
Course unit content
This course presents the main trends, the tools and the indicators of economic cycles and gives a thorough analysis of the effects of the current crisis and the mcraoeconomic policy responses on the activity of markets and firms
Full programme
1. The trailer of the course
2. The mega trends in the world economy before the crisis
3. The financial crisis (2007-08)
4. The Great Recession (2008-09)
5. The Italian economy before and during the crisis
6. The legacy of the crisis
- fiscal policy
- where we are now: the sovereign debt crisis and the euro
- monetary policy: conventional and unconventional
7. The global economy: globalization, exchange rates, the rise of the rest
globalizzazione, tassi di cambio, l'ascesa degli altri
Bibliography
- Ppt or pdf slides with lecture notes downloadable at the course website
Readings also include:
- Carlo De Benedetti, Federico Rampini e Francesco Daveri, "Centomila punture di spillo", Oscar Mondadori, 2008, capp 1, 2, 4, 5
- Francesco Daveri, "L'economia della Grande recessione", cap.33 in Cowen and Tabarrok, Principi di Economia, 2010
- "The subprime primer", video, Youtube.com.
More readings will be made available when the course starts
Teaching methods
This course employs three main teaching tools: 1) standard lectures
2) guest speakers
3) (optional) the Lunch Talk series "Euroscenari"(www.facebook.com/GruppoEuroScenari)
Assessment methods and criteria
Written final exam (up to 20 pts for knowledge; up to 10 for judgment skills; up to 3 for communication skills)
Other information
- - -
