Universidad Pública de Navarra - Nafarroako Univertsitate Publikoa

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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General proficiencies

Not applicable

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Specific proficiencies

Not applicable

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Learning outcomes

RA01: Understand the principles of economic analysis, from its microeconomic and/or macroeconomic perspective, in order to contribute to efficient resource allocation.

RA02: Analyze economic institutions as the result and application of theoretical or formal representations of how the economy works.

RA04: Identify the main instruments of public intervention and relate policy recommendations to economic, environmental, and social sustainability.

RA07: Understand the relationship between verbal, graphical, mathematical, and econometric analysis in the study of economics.

RA14: Evaluate the consequences of different action alternatives and select the best ones given the objectives.

RA15: Apply mathematical tools to synthesize complex economic problems.

RA17: Prepare reports and convey ideas on any economic matter, clearly and coherently, to both specialized and non-specialized audiences.

RA18: Work in a team, being able to argue their proposals and validate or reasonably refuse the arguments of others.

RA19: Organize work, in terms of good time management, order, and planning.

RA20: Select and generate the necessary information for each problem, analyze it, and make decisions based on it.

RA21: Value ethical, social, and environmental commitment in professional practice.

RA22: Continue learning in the future independently, deepening the knowledge acquired or starting in new areas of knowledge.

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Methodology

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Evaluation

Second-attempt exam: 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. 
To pass the subject in the ordinary call, the student must obtain a minimum grade of 4 out of 10 in the final exam and a minimum grade of 5 out of 10 in the total grade. Those students who do not obtain the minimum required mark of 4 out of 10 in the ordinary final exam and whose average of the ordinary evaluation (including this ordinary final exam) reaches 5 out of 10, will obtain a final grade of 4 out of 10 (FAIL).

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Agenda

Block I

1. Financial Markets and Expectations

2. Expectations, Consumption, and Investment

3. Expectations, Output, and Policy

Block II

4. Openness in Goods and Financial Markets

5. The Goods Market in an Open Economy

6. Output, the Interest Rate, and the Exchange Rate

7. Exchange Rate Regimes

Block III

8. Should Policy Makers Be Restrained?

9. Fiscal Policy: A Summing Up

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Bibliography

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

Blanchard, Olivier. "Macroeconomics", 8th edition, Global Edition. Pearson Education. 2021.

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Languages

English.

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Location

Aulario Campus Arrosadia, UPNA.

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