Macroeconomics

Code:

EIG0055

Acronym:

MACRO

Keywords
Classification	Keyword
OFICIAL	Economics and Management

Instance: 2016/2017 - 1S

Active?	Yes
Web Page:	https://www.fe.up.pt/si/disciplinas_GERAL.FormView?P_ANO_LECTIVO=2007/2008&P_CAD_CODIGO=EIG0012&P_PERIODO=2S
Responsible unit:	Department of Industrial Engineering and Management
Course/CS Responsible:	Master in Engineering and Industrial Management

Cycles of Study/Courses

Acronym	No. of Students	Study Plan	Curricular Years	Credits UCN	Credits ECTS	Contact hours	Total Time
MIEGI	104	Syllabus since 2006/2007	1	-	4,5	42	121,5

Teaching language

Portuguese

Objectives

Main aims
1. To be capable of solving problems and justify arguments
2. To be capable of dealing with new and unfamiliar situations in different and multidisciplinary contexts
3. To be capable of collecting, selecting and interpreting relevant information to justify solutions and opinions
4. To be capable of integrating knowledge, dealing with complex subjects and developing solutions with limited information, by reflecting on ethic and social responsibilities
5. Continuous assessment; group assignment; presentation and discussion;
6. To be capable of communicating conclusions (knowledge and reasoning related to them) to specialists and non-specialists in a clear and objective way.
7. To be capable of taking a long-life learning in a self-oriented and autonomous way by showing a proactive attitude 

Learning outcomes and competences

At the end of the first month of classes, students should be capable of: - applying the general principles of Economics; - interpreting economic mechanisms in a macroeconomic level, in order to interpret and comment on the country situation based on macroeconomic variables. At the end of the semester, students should be capable of: - applying their knowledge.

Working method

Presencial

Program

1. Introduction to economics: basic concepts




1. demand, suply and equilibrium


2. elasticity


3. taxes




2. Macroeconomics: introduction


3. Measuring economic activity


4. Unempoloyment: definition, measurement, causes and categories


5. Inflation: definitions, measurement and calculation


6. Aggregate demand: caracterization and calculation


7. Aggregate supply: caracterization and calculation


8. Fiscal policy and the multiplier effects


9. The financial sector


10. Monetary policy

Mandatory literature

Frank Robert H.; Princípios de economia. ISBN: 972-773-146-5

Teaching methods and learning activities

Theoretical classes will be based on the presentation of concepts. It will be made an interpretation of the economic reality whenever possible, and it will be based on several analysis tools. Practical classes will be based on the application of economic theory, both at macro and micro level.

Evaluation Type

Distributed evaluation without final exam

Assessment Components

Designation	Weight (%)
Teste	90,00
Trabalho escrito	10,00
Total:	100,00

Amount of time allocated to each course unit

Designation	Time (hours)
Estudo autónomo	65,50
Frequência das aulas	42,00
Trabalho de investigação	18,00
Total:	125,50

Eligibility for exams

To be admitted to exams, students cannot miss more classes than allowed by the rules.

Calculation formula of final grade

Final grade: 0.5*test1+0.4*test2+0.1*essay

Examinations or Special Assignments

A group assignment (3 students) on a theme of the program.

Special assessment (TE, DA, ...)

According to the rules

Classification improvement

Final grade: 100% Exam
Students can improve their grades by attend to an exam, which will cover all the program of the course unit. Students have to enrol at FEUP’s secretariat.