Public University of Navarre



Castellano | Academic year: 2014/2015 | Previous academic years:  2013/2014  |  2012/2013  |  2011/2012 
International Double Bachelor's degree in Economics, Management and Business Administration at the Universidad Pública de Navarra
Course code: 176304 Subject title: MACROECONOMICS I
Credits: 6 Type of subject: Mandatory Year: 2 Period: 1º S
Department: Economics
Lecturers:
CASARES POLO, MIGUEL   [Mentoring ]

Partes de este texto:

 

Descriptors

Economic theory, equilibrium, aggregate demand, aggregate supply, inflation, unemployment.

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General proficiencies

  • GP01. Analytical capacity.
  • GP04. Writing and speaking in English.
  • GP07. Capacity for solving problems.
  • GP09. Capacity for teamwork.
  • GP11. International work.
  • GP12. Information search from different sources.
  • GP17. Autonomous learning.
  • GP19. Creativity.

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Specific proficiencies

  • SP01. Understand economic institutions as the result of theoretical or formal representations of modern economies.
  • SP04. Use scientific tools and professional criteria to analyse economic problems.
  • SP05. Write advising reports on local, national or international economic issues or on sectorial analysis.
  • SP06. Write economic projects at regional, national or international level.
  • SP10. Evaluate the implications of alternative economic policies and select those that better achieve the policy targets.

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Methodology

  • Three lectures every two weeks. Single group.
  • One practice session every two weeks. Students will be split up into two small groups

 

Learning activities On-class Hours Off-class hours
A-1Lectures 40 0
A-2 Practice sessions 15 0
A-3Reading 0 10
A-4Assignments 0 30
A-5 Study 0 45
A-6 Exams 5 0
A-7 Individual tutorials 0 5
Total 60 90

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Relationship between formative activities and proficiencies/learning outcomes

Proficiency Formative activity
GP01. Analytical capacity. A-1, A-3, A-4, A-5, A-6, A-7
GP04. Writing and speaking in English. A-2, A-3, A-4, A-5, A-6
GP07. Capacity for solving problems. A-1, A-2, A-3, A-4, A-5, A-6, A-7, A-8
GP09. Capacity for teamwork. A-2, A-5, A-6,A-8
GP11. International work. A-3, A-4, A-5, A-6
GP12. Information search from different sources. A-2, A-3, A-4, A-5, A-6, A-7, A-8
GP17. Autonomous learning. A-3, A-4, A-5, A-6, A-7, A-8
GP19. Creativity. A-2, A-3, A-4, A-5, A-6, A-7, A-8
SP01. Understand economic institutions as the result of theoretical or formal representations of modern economies. A-1, A-3,A-4, A-5
SP04. Use scientific tools and professional criteria to analyse economic problems. A-1, A-2, A-3, A-4, A-5, A-6, A-7
SP05. Write advising reports on local, national or international economic issues or on sectorial analysis. A-2,A-4, A-5
SP06. Write economic projects at regional, national or international level. A-2, A-3, A-4, A-5
SP10. Evaluate the implications of alternative economic policies and select those that better achieve the policy targets A-1, A-2, A-3, A-4, A-5, A-6, A-7

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Languages

English.

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Evaluation

Activities Weight %
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%

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Contents

This course introduces the theory of modern macroeconomics with attention focused on the determination of aggregate variables in the short-run such as income, employment, prices, and the interest rate. The first part of the course is devoted to studying the private sector behaviour in goods markets, asset markets, and money markets in order to build foundations for the Aggregate Demand (AD) determination that embodies the IS-LM model. The labour market is presented next for the endogenous construction of the Aggregate Supply (AS) curve. Next, both the Keynesian and classical frameworks are introduced for the macroeconomic analysis and are represented in an AD-AS diagram. A central theme in this part of the course will be to understand the powers and limitations of macroeconomic policies (fiscal policy and monetary policy) in stabilizing the business cycle. Finally, the Phillips curve and the role of expectations are shown to illustrate the possible tradeoffs between policy targets such as inflation and unemployment.

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Agenda

Chapter 1. A Tour of the World

Chapter 2. A Tour of the Book

Chapter 3. The Goods Market

Chapter 4. Financial Markets

Chapter 5. Goods and Financial Markets: The IS-LM Model

Chapter 6. The Labor Market

Chapter 7. Putting All Markets Together: The AS/AD Model

Chapter 8. The Phillips Curve, the Natural Rate of Unemployment, and Inflation

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Bibliography

Access the bibliography that your professor has requested from the Library.


Blanchar O. and David W. Johnson (2013). Macroeconomics, 6th edition, Prentice Hall.

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Location

Aulario building, Campus Arrosadia. Classroom TBA.

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