Macroeconomics I

Code:

1GE204

Acronym:

MAC I

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2015/2016 - 1S

Active?	Yes
Responsible unit:	Agrupamento Científico de Economia
Course/CS Responsible:	Bachelor in Business Administration

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LGES	224	Bologna Syllabus since 2012	2	-	6	63	162

Teaching language

Portuguese

Objectives

The main purpose of the course is to provide a detailed description of key macroeconomic and financial variables and make clear how they relate with each other. Particular focus is given to the determinants of cyclical fluctuations and countercyclical macroeconomic policies.

Learning outcomes and competences

Ability to interpret key macroeconomic and financial variables and how they relate with each other.

Working method

Presencial

Program

1. Introduction
1.1. The scope of Macroeconomics
1.2. Long-run growth vs cyclical fluctuations
2. The main macroeconomic variables
2.1. Measuring economic activity
2.2. GDP, unemployment, and inflation
2.3. National accounting
2.4. Basic fiscal indicators
2.5. Balance of payments
2.6. Exchange rates and exchange rate regimes
3. Macroeconomic fluctuations with stable prices
3.1 The basic keynesian model
3.2. The IS-LM model
3.3. Stabilization policies
4. Macroeconomic policies with variable prices: The AS-AS model
4.1. The aggregate demand function
4.2. The aggregate supply functions
4.3. Stabilization policies

Mandatory literature

Michael Burda e Charles Wyplosz; Macroeconomics: A European Text, 6th edition (2012), Oxford University Press

Complementary Bibliography

António Pinto Barbosa; Macroeconomia, Fundação Calouste Gulbenkian, 2012
Jorge Santos; Álvaro Pina; Jacinto Braga; Miguel St. Aubyn; Macroeconomia, Escolar Editora, 2010

Teaching methods and learning activities

Hybrid theoretical-applied classes based on illustrative cases. Discussion of statistical data. Applied exercises.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Teste	100,00
Total:	100,00

Eligibility for exams

Evaluation based on a continuous basis requires the student to attend at least 3/4 of the classes.

Calculation formula of final grade

Continuous evaluation is based of three tests, each with a weight of 1/3 in the final grade. To clear the course through continuous evaluation, the average of the three tests has to be at least 9,5 (in a 0-20 scale) and the student can not have a mark below 6,0 in any of the tests. To clear the course through final exam the student has to have a minimum grade of 10 (in a 0-20 scale).