|Course code: 172827||Subject title: MACROECONOMICS II|
|Credits: 6||Type of subject: Optative||Year: 4||Period: 2º S|
|GALDON SANCHEZ, JOSE ENRIQUE||MANOTAS HIDALGO, BEATRIZ|
Role of expectations; Open-economy Macroeconomics; Fiscal, Monetary and Exchange-rate Policies; Economic Pathologies.
• GP01. Ability to analyze and summarize.
• GP04. Writing and Speaking in English.
• GP07. Ability to solve problems
• GP09. Team work.
• GP11. Work in an international environment.
• GP12. Information search.
• GP17. Autonomous learning.
• GP19. Creativity.
• SP01. Understand the behavior of economic institutions with formal models.
• SP04. Use economic analysis with scientific instruments.
• SP05. Write reports describing economic phenomena.
• SP06. Research projects at international, national or regional levels.
• SP10. Evaluate the performance of alternative policies and select them with technical criteria.
|Activities||Presence Hours||Non-presence Hours|
|A-5 Reading material||0||10|
|A-6 Individual studying||0||36|
|A-8 Office Hours||20|
GP01, GP07, SP01, SP04 and SP10.
GP04, GP07, GP09, GP12, GP19, SP04, SP05, SP06 and SP10.
GP04, GP07, GP09, GP11, GP12, GP19, SP05, SP06 and SP10.
GP02, GP04, GP07 and GP09.
Mid-term and Final Exam
GP01, GP04, GP07, GP12, GP17, SP01, SP04 and SP10.
|HOMEWORKS, PROJECTS, DISCUSSIONS, ESSAYS, CLASS PARTICIPATION (no substitutable in second-attempt exam)||40%|
|MID-TERM EXAM (substitutable in second-attempt exam)||20%|
|FINAL EXAM (substitutable in second-attempt exam)||40%|
This course offers students the opportunity to explore and understand issues of Macroeconomic Theory. By the end of the course, students should be able to use economic tools to analyze a diversity of issues and macroeconomic policies. This course is a core in the major and minor in the economic program at internationally-oriented universities. We will assume that students know the basic concepts of Macroeconomics thought in the Macroeconomics I. We will study macroeconomic theories and use them in analyzing relevant economic issues of today’s economy, with special attention to open-economy issues, the role of expectations and the economic policies for macro stabilization.
- Expectations, the basic Tools. Blanchard (2010), Chapter 14.
- Financial Markets and Expectations. Blanchard (2010), Chapter 15.
- Expectations, Consumption and Investment. Blanchard (2010), Chapter 16.
- Expectations, Output and Policy. Blanchard (2010), Chapter 17.
- Openness in Good and Financial Markets. Blanchard (2010), Chapter 18.
- The Goods Market in an Open Economy. Blanchard (2010), Chapter 19.
- Output, the Interest Rate and the Exchange Rate. Blanchard (2010), Chapter 20
- Exchange Rate Regimes. Blanchard (2010), Chapter 21.
- Economic Crisis (2007-2013). Blanchard (2010), Chapter 22; Blanchard et al. (2012), Chapter 20.
- Fiscal Policy. Blanchard (2010), Chapter 26.
Blanchard, Oliver, Macroeconomics 5th Edition. International student edition. Pearson-Prentice Hall, 2010.
Blanchard, O., A. Amighini , y F. Giavazzi (2012): Macroeconomía. 5ª Edición. Pearson Education.
Aulario on Campus Arrosadia, UPNA.