Macroeconomics II

Code:

1EC210

Acronym:

MACII

Keywords
Classification	Keyword
OFICIAL	Economics

Instance: 2018/2019 - 2S

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

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
LECO	367	Bologna Syllabus since 2012	2	-	6	63	162

Teaching language

Portuguese

Objectives

Macroeconomics II (1EC210) aims at equiping students with the first skills to explain the aggregate movements of contemporary market economies. Taking into account the position of the course in the degree in Economics plan, the available academic time, and the articulation with the other courses in macroeconomics - namely Macroeconomics I (1EC204) -, the main objective of the course is to equip students with the capacity to use basic macroeconomic models as tools for the analysis of economic fluctuations in open economy. More specifically, the course explores IS-LM and aggregate demand-supply (AD-AS) open economy models. Based on the models, the aim is to analyze the short- and long-term effects of demand management policies in an environment of international policy interdependence. In addition, the institutional framework of economic policy is presented, with reference to both demand-side (monetary, budgetary and financial policies) and supply-side policies.

Learning outcomes and competences

The student must be able to explain aggregate movements of contemporary market economies, using the tools of open economy models under rigid and flexible prices. In addition, the student must be able to identify the main structural features of the labor market and the framing of monetary, budgetary and financial stabilization policies in Europe and, in particular, in the Euro Area.

Working method

Presencial

Program

Mandatory literature

Burda, Michael, and Charles Wyplosz (2013); Macroeconomics – a European text, 6th Edition, Oxford University Press

Complementary Bibliography

Barbosa, António S. Pinto (2012),; Macroeconomia, Fundação Calouste Gulbenkian
Blanchard, O, F. Giavazzi e A. Amighini (2011); Macroeconomics: A European Perspective, Financial Times Press
Gordon, Robert J. (2012), ; Macroeconomics, 11th Edition, Pearson, Addison-Wesley
Santos, J., A. Pina, J. Braga, M. Teixeira e M. St. Aubyn (2010); Macroeconomia, 3ª Edição, Escolar Editora
Teixeira, A.A.C., Silva, S.T., Ribeiro, A.P. and Carvalho, V. (2012); Fundamentos Microeconómicos da Macroeconomia. Exercícios Resolvidos e Propostos, Vida Económica, 2ª edição

Teaching methods and learning activities

Classes have both theoretical and practical components.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

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

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	99,00
Frequência das aulas	63,00
Total:	162,00

Eligibility for exams

Calculation formula of final grade

Classification improvement