Public University of Navarre

Academic year: 2019/2020 | Previous academic years:  2018/2019  |  2017/2018  |  2016/2017  |  2015/2016 
Bachelor's degree in Management and Business Administration at the Universidad Pública de Navarra
Course code: 172827 Subject title: MACROECONOMICS II
Credits: 6 Type of subject: Optative Year: 4 Period: 2º S
Department: Economía

Partes de este texto:



Role of expectations; Open-economy Macroeconomics; Fiscal, Monetary and Exchange-rate Policies; Economic Pathologies.


General proficiencies

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.


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.


Learning outcomes

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-1 Lectures 30  
A-2 Seminars 20  
A-3 Discussions 08  
A-4 Homeworks   20
A-5 Reading material   10
A-6 Individual studying   36
A-7 Exams 06  
A-8 Office Hours 20  
Total 84 66


Relationship between formative activities and proficiencies

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



Acceda a la bibliografía que su profesor ha solicitado a la Biblioteca.

Blanchard, Oliver, Macroeconomics 7th Edition. Pearson, 2017.



Aulario Campus Arrosadia, UPNA.