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Interpreting the Macroeconomic Scenario

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Interpreting the Macroeconomic Scenario

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Academic year 2019/2020

Course ID
MAN0293
Teaching staff
Mariacristina Rossi (Lecturer)
Teodoro Togati (Lecturer)
Elena Stancanelli (Lecturer)
Gustavo Rinaldi (Tutor)
Alessandro Lavia (Tutor)
Year
1st year
Type
Distinctive
Credits/Recognition
12
Course disciplinary sector (SSD)
SECS-P/01 - economia politica
Delivery
Formal authority
Language
English
Attendance
Obligatory
Type of examination
Written
Prerequisites
Macroeconomics
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Sommario del corso

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Course objectives

The aim of the course is to provide students with basic competences to read and interepret macroeconomic statistics and macro-trends.

 

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Results of learning outcomes

Knowledge and competences in putting in context  the polices implemented across Europe, with the support of the data scenarios.  

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Course delivery

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Learning assessment methods

Lab sessions tests, exams

 

COVID EMERGENCY: please look at the updated website:

https://elearning.unito.it/sme/course/view.php?id=3570

 

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Program

In the first part of this course we focus upon the recent debate on
stagnation, i.e. the reasons why today most advanced economies, like the US, Japan or Europe grow much less than forty or fifty years ago.In particular, we will discuss
the explanations provided two main approaches or paradigms: namely,
standard neoclassical theory and Keynesian theory.

The first approach holds that stagnation is not rooted in internal
problems of market economies. but caused by external ‘threats', such
as bad institutions, demographic changes and a slowdown in
technological innovation.

The second approach holds instead that stagnation is due to a major
internal problem of the
economy: namely, a lack of aggregate demand.This problem may be due to
various factors, such as inequality in income and wealth distribution
and uncertainty that leads consumers to hold money rather than spend
and investors to postpone their decisions.

Main contents of the second part:

Macro Revision

Consumption and Saving

Public expenditures across EU

Pension Systems 

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Suggested textbooks and readings

Blanchard, Macroeconomics

Gruber, Public Finance

Ray, Development Economics

OECD, Pension at a Glance , various years

OECD data portal

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