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Macroeconomics 2017/2018


At the end of this course students are expected to: (i) understand, analyze and interrelating the main macroeconomic phenomena, namely, the economic growth, unemployment, inflation and interest rate, balance of payments, exchange rates, budget balance and public debt and (ii) apply the models studied in the analysis of the problems and challenges facing nowaday the Portuguese economy in the macroeconomic context of the world economy, in general and on the contexto of EU macroeconomics in particular

Recommended Prerequisites

Basic knowledge of mathematics.

Teaching Metodology

The methodology adopted is the type expositive-active, using simultaneously the means, expository and interrogative. During classes and in order to stimulate the thinking of students, teachers use teaching techniques such as oral communication, demonstration, raising questions and actual and real case studies. Additionally, exercises will be solved applying the knowledge transmitted

Body of Work

1 - Introduction to Macroeconomics. Macroeconomics goals. Macroeconomics policies
2 - National Accounting. Macroeconomics aggregates. Main identities
3 - Keynesian Models - Simple model. Model with government. Model with open economy
4 - IS/LM Model. Goods and services market. Monetary market. Multiplieres. Effectiveness of fiscal and monetary policies. Policy mix. Extreme cases of IS-LM
5 - Global equilibrium - Aggregate demand and Supply. Aggregate demand and its determinants. Aggregate supply and its determinants. Aggregate supply typologies. Positive and negative shocks in demand and / or aggregate supply

Recommended Bibliography

- Dornbusch, R.; Fischer, S.; Startz, R. (2014) "Macroeconomics" 12th Ed. Mc-Grw Hill Economics.
- Pinho, Micaela (2015) "Macroeconomia: Teoria e Prática Simplificada". Edições Sílabo. Lisboa

Complementary Bibliography

- Blanchard, Olivier (2011) "Macroconomia" 5ª ed. Pearson. São Paulo
- Blanchard, Olivier (2013) "Macroeconomics" 6th Ed. Pearson Education. USA
- BURDA e WYPLOZS (2011)"Macroeconomia - Uma Visão Europeia" 5ªEdição Verlag Dashöfer.
- Dornbusch, Rudiger; Fischer, Stanley (2012) "Macroeconomia" 19ª ed. Eurobooks Editora. lisboa
- Mankiew, Gregory (2016) "Macroeconomics" 9th Ed. Macmillan Learning. NY

Weekly Planning

Week 1-2 Cap. 1. Introduction
Week 3-5 - Cap. 2. National Accounting
Week 6-9 - cap. 3. Keynesian Models
1st test
Week 10-13 - cap. 4. IS-LM Model
Week 14-15 - cap. 5. Global Equilibrium

Demonstration of the syllabus coherence with the curricular unit's objectives

Programmatic contents 1, 2, 3 and 4 allows to reach the first objective while the last programmatic content, by involving all previously studied models, contributes to the accomplishment of the second objective.

Demonstration of the teaching methodologies coherence with the curricular unit's objectives

The expository methodology contributes to achieving the first objective. The methodology of the interrogative type and solving exercises allows to reach the second objective.

relevant generic skillimproved?assessed?
Achieving practical application of theoretical knowledgeYesYes
Analytical and synthetic skillsYesYes
Commitment to effectivenessYesYes
Commitment to qualityYesYes
Problem Analysis and AssessmentYesYes
Written and verbal communications skillsYesYes
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