Public University of Navarre

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

Partes de este texto:


Module/Subject matter

Economic Analysis/Macroeconomics.


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

R_AE_10. Know the macroeconomic models for determining income, interest rates and prices.

R_AE_11. Analyzing stabilization economic policies, monetary policy, fiscal policy and supply policies in a closed economy

R_AE_12. Analyzing economic stabilization policies, monetary policy, fiscal policy and supply policies in an open economy.



Activities Presence Hours Non-presence Hours
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 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.







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 on Campus Arrosadia, UPNA.