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: 176406 Subject title: MACROECONOMICS II
Credits: 6 Type of subject: Mandatory Year: 2 Period: 2º S
Department: Economics
Lecturers:
GALDON SANCHEZ, JOSE ENRIQUE   [Mentoring ] MANOTAS HIDALGO, BEATRIZ   [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

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

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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.

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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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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.

- Economic Crisis (2007-2013). Blanchard (2010), Chapter 22; Blanchard et al. (2012), Chapter 20.

- 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. International student edition. Pearson-Prentice Hall, 2010.

Blanchard, O., A. Amighini , y F. Giavazzi (2012): Macroeconomía. 5ª Edición. Pearson Education.

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Languages

English.

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Location

Aulario on Campus Arrosadia, UPNA.

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