Public University of Navarre



Academic year: 2011/2012
International Double Bachelor's degree in Economics, Management and Business Administration at the Universidad Pública de Navarra
Course code: 176406 Subject title: MACROECONOMICS II
Credits: 6 Type of subject: Mandatory Year: 2 Period: 2º S
Department: Economics
Lecturers:
CASARES POLO, MIGUEL   [Mentoring ]

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Contents

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.

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Descriptors

Open Macroeconomics, Role of Expectations, Macroeconomic Policies, Economic Pathologies

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General proficiencies

• GP01. Ability to analyze and summarize.
• GP04. Writting 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.

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Specific proficiencies

• 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.

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Methodology



Activities
 Presence Hours  Non-presence Hours
A-1 Lectures
 30 0
A-2 Seminars
 20 0
A-3 Discussions 10 0
A-4 Homeworks
 0 20
A-5 Reading material 0 10
A-6 Individual studying 0 36
A-7 Exams 4  
A-8 Office Hours
 20  
     
Total 84 66

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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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Agenda

- 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.
- Depressions and Slumps. Blanchard (2010), Chapter 22.
- High inflation. Blanchard (2010), Chapter 23.
- Should Policy Makers Be Restrained?. Blanchard (2010), Chapter 24..
- Monetary Policy. Blanchard (2010), Chapter 25.
- Fiscal Policy. Blanchard (2010), Chapter 26.

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Bibliography

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


Blanchard, Oliver, Macroeconomics 5th Edition. Internationa student edition. Pearson-Prentice Hall, 2010.

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