Code: | 1EC204 | Acronym: | MACI |
Keywords | |
---|---|
Classification | Keyword |
OFICIAL | Economics |
Active? | Yes |
Responsible unit: | Agrupamento Científico de Economia |
Course/CS Responsible: | Bachelor in Economics |
Acronym | No. of Students | Study Plan | Curricular Years | Credits UCN | Credits ECTS | Contact hours | Total Time |
---|---|---|---|---|---|---|---|
LECO | 375 | Bologna Syllabus since 2012 | 2 | - | 6 | 63 | 162 |
The aim of Macroeconomics I 1EC204 is to introduce students to the analysis of aggregate fluctuations of contemporary economies, including the conduct and impacts of monetary and fiscal policies.
In providing students the core conceptual and theoretical background of modern macroeconomics, this curricular unit is closely related to Macroeconomics II 1EC210, as well as with Economic Growth 1EC301 and Monetary Economics 1EC302.
The course focuses on (i) basic concepts and measurement of the main macroeconomic variables, (ii) core models for short-term macroeconomic analysis, and (iii) microeconomic foundations for modelling private aggregate demand.
Further topics such as (a) modelling the short-term functioning of open economies, (b) analysis of the labour market in a macro perspective, (c) modelling the dynamics of the macroeconomy from the short-run to the long-run, and (d) discussing the institutional design of macroeconomic policies, are addressed in Macroeconomics II 1EC210.
The aim of the curricular unit is to provide students with the following main abilities.
To distinguish macroeconomics from the other fields of Economics.
To master the key concepts and technical issues in the measurement of the main macroeconomic variables.
To be aware of the main contemporary macroeconomic issues, and to be able to analyse them in the framework of an adequate model, as well as to be aware of the limitations of the models learned so far.
To be capable of critically reading articles and opinion collumns in newspapers or magazines specialized in economics, as well as to understand the main messages of short-term macroeconomic analysis bulletins issued by institutions of economic analysis.
To have the basic knowledge and the motivation for studying more advanced topics of macroeconomics, such as models with financially open economies, models with inflation and therefore with the dynamics of adjustments from the short to the long-run, political economy issues of monetary and fiscal policies, and models of long-run economic growth.
Classes are theoretical-practical. The teacher (i) presents the subjects – concepts, theories, models; (ii) solves analytical and/or numerical exercises, and (iii) presents and discusses real world macroeconomic statistical data that illustrates the topics taught.
In each chapter, some topics may be subject to a deepening through autonomous study by each student, with eventual questions later on answered or discussed in class.
Designation | Weight (%) |
---|---|
Participação presencial | 15,00 |
Teste | 85,00 |
Total: | 100,00 |
Designation | Time (hours) |
---|---|
Estudo autónomo | 104,00 |
Frequência das aulas | 54,00 |
Trabalho escrito | 4,00 |
Total: | 162,00 |
Continuous assessment:
final grade = 0.4*A +0.45*B + 0.15*C
A - 1st test
B - 2st test
C - classroom-questions
(as long as the student has not obtained a grade below 6.0 in any of the two tests).
Alternatively, Final exam:
exam grade = 0.85*D + 0.15*C, if C>D
or
exam grade = D, otherwise.
D - written final exam
In accordance with the general Law and regulations, as well as with the regulations in force at FEP.