|Course code: 174827||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.
|Activities||Presence Hours||Non-presence Hours|
|A-5 Reading material||10|
|A-6 Individual studying||36|
|A-8 Office Hours||20|
|Lectures||GP01, GP07, SP01, SP04 and SP10.|
|Seminars||GP04, GP07, GP09, GP12, GP19, SP04, SP05, SP06 and SP10.|
|Homeworks||GP04, GP07, GP09, GP11, GP12, GP19, SP05, SP06 and SP10.|
|Office Hours||GP02, GP04, GP07 and GP09.|
|Mid-term and Final Exam||GP01, GP04, GP07, GP12, GP17, SP01, SP04 and SP10.|
|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 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 on Campus Arrosadia, UPNA.