This course provides an in-depth analysis of Macroeconomic Financial Accounts. Each module will delve into one specific Institutional Sector of the National Economy i.e., Financial and non-Financial Corporations, Households, the Government. The Rest of the World is also covered. Students are expected to have a basic understanding of macroeconomic principles and financial accounting. Course 1 or equivalent knowledge is recommended for those with limited experience in macroeconomic financial accounting. Proficiency in using spreadsheets for data analysis is also beneficial. Undergraduates in their final year or university students interested in monetary and financial economics, international macroeconomics, and data mining can benefit from this course. Professionals in government institutions, central banks, business, and the financial industry, along with other individuals interested in finance and macroeconomics, may also find this course valuable. By the end of this course, students will gain a deeper understanding of the financial connections among and within the institutional sectors in market economies.
Overview
Syllabus
- Introduction to Course 2 on Macroeconomic Financial Accounts and Week 1 - Perspectives on Sectors and Data Management
- This course provides an in-depth analysis of Macroeconomic Financial Accounts. Each module will delve into one specific Institutional Sector of the National Economy i.e., Financial and non-Financial Corporations, Households, the Government. Altough not considered an Institutional Sector but the complement to the Domestic Economy, the Rest of the World is also covered. Students are expected to have a basic understanding of macroeconomic principles and financial accounting. Course 1 or equivalent knowledge is recommended for those with limited experience in macroeconomic financial accounting. Proficiency in using spreadsheets for data analysis is also beneficial. Undergraduates in their final year or university students interested in monetary and financial economics, international macroeconomics, and data mining can benefit from this advanced course. Professionals in government institutions, central banks, business, and the financial industry, along with other individuals interested in finance and macroeconomics, may also find this course valuable. The lectures, tutorials, and activities guide participants step-by-step through the characteristics of the Institutional Sectors. References to the macroeconomic databanks of major national and international institutions (OECD, European Central Bank, US Federal Reserve System, Bank for International Settlements, IMF) are included. By the end of this course, students will gain a deeper understanding of the financial connections among and within the Institutional Sectors in market economies. Student activities include manipulating data downloaded from institutional websites with spreadsheets to construct tables and graphs.
- Week 2 -- Financial corporations in the financial system
- This week’s lectures will provide a comprehensive understanding of financial corporations, their global economic roles, and their impact on monetary policy. Prepare to engage with Andreas, Gabriele, and Miguel to deepen your knowledge of this vital sector
- Week 3 - Households and their financial behavior
- This week Riccardo De Bonis from the Bank of Italy will help us understand the financial behaviour of households, a central theme in economic analysis.
- Week 4 -The changing role of Non-financial Corporations
- This week we focus on the financial behaviour of non-financial corporations
- Week 5 - Deficit and Debt of General Government and of Public Sector
- The role of governments in the financial functions of market economies
- Week 6 - The Rest of the World and the domestic economy
- The Balance of Payments and the International Investment Position.
Taught by
Giuseppe De Arcangelis, Daniele Fano, and Claudio Sardoni
