• Knowledge and understanding: set of facts, principles, theories and practices. The student is required to prove his/her capability to connect theories and models presented in the course within an exhaustive vision of open macroeconomics
• Applying knowledge and understanding: Actions and proceedings whose mastering is considered as indispensable in order to implement knowledge as a tool to solve precise problems. The student is required to be able to evaluate the impact of precise economic policies on the ground of the theoretical analysis provided along the course.
The student will be able to critically assess the relevant literature on the related issues and to evaluate this literature in the light of actual developments in monetary policy and capital markets.
Through the preparation of the essay, the student will improve his/her skills in academic writing as well as in presenting and discussing their results.
• Making judgments; The student should prove to possess the skills of judging a given macroeconomic framework starting not only from the acquired competences but also from his/her scientific preferences
• Communication skills; The student should make it clear that he is able to express his own competences as well as his own ideas in a clear, concise and precise way
• Learning skills. Along the written exam and the writing of the essay the student must be able to prove not only a passive mastering of the topics covered during the lessons but also a capability to evaluate and to connect them.
This course will use a variety of teaching methods, such as: traditional face-to-face lessons; flipped classrooms; inquiry learning and group-discussion. This variety of conventional and innovative learning methods is aimed at fostering and promoting active and effective learning and at improving students' critical thinking and writing skills. This is an important goal to be met at the second semester of the last year of the Bachelor.

Mastering of basic macroeconomics in closed and open economy. Basic knowledge of algebra, planar geometrics and differential calculus. Just some basic mastering of the double accounting. Propedeucity: Macroeconomics and Microeconomics

This course is divided into two modules. The main target of the first part of the course is to present the main monetary theories and the basic transmission mechanisms and their interactions with agents behavior. The second part of the course aims at broadening the understanding of the role of money in modern economic systems, addressing both theoretical and institutional aspects. The course will cover the following key topics: 1) The creation of money in economic thought 2) Payment systems 3) Inside and outside money 3) The monetary dimension of macroeconomics 4) A simple Stock-Flow Consistent model 5) Monetary and financial aggregates 6) Debt, savings, and intersectoral balances 7) Interest rates 8) Monetary policies 9) International balances, the European case, Target2

the full list of learning materials (articles, working papers, book chapter etc.) is posted in the Teams channel of the course.

This course is divided into two modules. The main target of the first part of the course is to present the main monetary theories and the basic transmission mechanisms and their interactions with agents behavior. The second part of the course aims at broadening the understanding of the role of money in modern economic systems, addressing both theoretical and institutional aspects. The course will cover the following key topics: 1) The creation of money in economic thought 2) Payment systems 3) Inside and outside money 3) The monetary dimension of macroeconomics 4) A simple Stock-Flow Consistent model 5) Monetary and financial aggregates 6) Debt, savings, and intersectoral balances 7) Interest rates 8) Monetary policies 9) International balances, the European case, Target2

This course will use a variety of teaching methods, such as: traditional face-to-face lessons; flipped classrooms; inquiry learning and group-discussion. This variety of conventional and innovative learning methods is aimed at fostering and promoting active and effective learning and at improving students' critical thinking and writing skills. This is an important goal to be met at the second semester of the last year of the Bachelor. The slides of the course and the learning materials (articles, working papers, etc.) are posted in the Teams channel of the course. The course is taught in English.

Course attendance is an essential part of this course. Non attending students should inform by email the professors during the first week of this course.

Students will receive 6 CFU for successful completion of the course. The final grade is a weighted average of a final, written exam covering the first module (weight: 0.3) and the written exam covering the second module (weight: 0.7). The written exam will be graded on a scale of 30. The written test consists of open questions in whose ambit the student must be able to prove his/her competences not only on the ground of the lessons taught during the sessions but also on the ground of his/her autonomy of judgment. The open questions are shaped in order to push the student to prove not only his specific scientific competences but also a comprehension of the course in its totality.

This course explores topics closely related to one or more goals of the United Nations 2030 Agenda for Sustainable Development (SDGs). Particularly, SDG 5-8-9.