|Course code: 172827||Subject title: MACROECONOMICS II|
|Credits: 6||Type of subject: Optative||Year: 4||Period: 2º S|
|MARTINEZ DE MORENTIN OSES, SARA (Resp)||FERREIRA MAGALHAES, ROSINDA MANUELA|
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.
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.
LO2. Model of output determination in an open economy, money, inflation, unemployment, growth and economic policy instruments.
LO9. Macroeconomic models, economic growth and development, regional and urban economics.
|Metodología - Actividad||Horas Presenciales||Horas no presenciales|
|A-5 Reading material||10|
|A-6 Individual studying||36|
|A-8 Office Hours||20|
|Lectures||Class presentation of the theoretical contents of the course.||CG01, CG07, CE01, CE04 y CE10.|
|Seminars||Small groups. Practical exercises previously assigned for individual or small group work. Discussion of research articles and news clippings related to macroeconomic issues. Combined with the practical matter of Econometrics.||CG03, CG07, CG09, CG12, CG19, CE04, CE05, CE06 y CE10.|
|Homeworks||Individual and group non presential work. Collection of exercises and solve problems along the way. Several sets of exercises to be delivered and corrected by the teacher are selected. Testing in which the macroeconomic reality is analyzed and predictions of the models are evaluated.||CG03, CG04, CG07, CG09, CG11, CG12, CG19, CE05, CE06 y CE10.|
|Office Hours||Sessions teacher-student or between the teacher and a small group of students work.||CG02, CG03, CG07 y CG09.|
|Mid-term and Final Exam||CG01, CG03, CG07, CG12, CG17, CE01, CE04 y CE10.|
|Learning Results||Evaluation system||Weight (%)||Substitutable in second-attempt exam*|
|R10, R11. Extension 1: Expectations||Evaluation test 1||25%||Yes|
|R10, R12. Extension 2: The open economy||Evaluation test 2||25%||Yes|
|R11, R12. Extension 3: Back to policy||Evaluation test 3||10%||Yes|
|R10, R11, R12||Final exam (all the contents of the course)||40%||Yes|
Those students who do not take the final exam and the second-attempt exam will obtain the overall grade "NO PRESENTADO".
*All the students who do not pass the course after the final exam have the possibility to take the second-attempt exam, which will include all the contents of the course. The results of the Evaluation tests 1, 2, 3 and the Final exam won't be considered, that is, the grade obtained in the second-attempt exam will be the overall grade in the course.
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.
Extension I: Expectations
Financial Markets and Expectations
Expectations, Consumption, and Investment
16.Expectations, Output, and Policy
Extension II: The Open Economy
Openness in Goods and Financial Markets
The Goods Market in an Open Economy
Output, the Interest Rate, and the Exchange Rate
20. Exchange Rate Regimes
Extension III: Back to Policy
Should Policy Makers Be Restrained?
Fiscal Policy: A Summing Up
Monetary Policy: A Summing Up
Blanchard, Oliver, Macroeconomics 7th Edition. Pearson, 2017.
Aulario Campus Arrosadia, UPNA.