elementary notions of macroeconomics and monetary economics.

The course aims at giving an applied account of the recen financial crisis and of the economic policies means used to overcome them. The focus is on the big financial crisis started in the US in 2007 and on the tools used by the central banks.

1)Description of the evolution of the markets and of financial instruments in the last
decade.
2)examples to understand why certain financial derivatives have been used in the past and the consequences of their use for financial and macroeconomic stability.
3) the debate on the lende of last resort function of the central bank.
4) unconventional monetary policies.

The program consists of of a selection of essays on the themes of the course, namely financial crises and proposals of reforms. The list of essays, will be distributed during the lessons.

• Lessons open to interactive participation by students
  
  seminars

• written exam consisting of questions to be answered on the essays or book chapters in the program.

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