Public University of Navarre

Academic year: 2023/2024 | Previous academic years:  2022/2023  |  2021/2022  |  2020/2021  |  2019/2020 
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

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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.


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/learning outcomes

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.







Weight (%) It allows
test resit
required grade
R10, R11. Block 1

Mid-term exam 1 25 Yes 0
R10, R12. Block 2 Mid-term exam 2 25 Yes 0
R10, R11, R12 Final exam (all the contents of the course) 50 Yes 4


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).



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.



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



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

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



Aulario Campus Arrosadia, UPNA.