Macroeconomics I
1
2015-2016
01620137
Economics
Portuguese
Face-to-face
SEMESTRIAL
6.0
Compulsory
1st Cycle Studies
Recommended Prerequisites
NA
Teaching Methods
- Lectures: presentation of fundamental contents.
- Practical classes:
- Exercise solving.
- Encouraging learning by doing: students solve practical exercises as independently as possible, with the support of the teacher who oversees the success of all students.
- Encouraging student’s participation, thanks to an important weight on the final grade of the continuing evaluation component (evaluation of the student's performance in the classroom) and a challenging attitude of the teacher.
Learning Outcomes
Overall objectives: Provide students with the basic knowledge of macroeconomic theory, using literary, mathematical and diagrammatic language.
Specific objectives: Develop the fundamental models of macroeconomic theory, including the IS/LM and aggregate supply/demand models, both in the context of an open as well as of a closed economy, and equip students with the ability to use such models to understand the observed behaviour of macroeconomic aggregates and economic policy implications.
Generic competencies
- understand and manipulate thoughts and ideas
- apply acquired knowledge, adapting it to new realities
Specific competencies
- explain the meaning of macroeconomic aggregates and use them in simple calculations
- describe the nature of "currency", money supply changes, and the role of money in the macroeconomic model
- handle basic macroeconomic models
- possess information concerning major macroeconomic issues.
Work Placement(s)
NoSyllabus
1. Macroeconomics: issues and measurement
2. Basic models of the determination of GDP
3. GDP and prices in the short run; the AS/AD model
4. GDP and prices in the long run
5. Money and monetary institutions.
6. The role of money in Macroeconomics.
7. The IS/LM model
8. The balance of payments and the exchange rate
9. Inflation
10. Unemployment.
Head Lecturer(s)
Pedro Miguel Avelino Bação
Assessment Methods
Final Assessment
Exam: 100.0%
Continuous Assessment
Mixed regime with midterm exam : 100.0%
Bibliography
ANDRADE, João Sousa - Introdução à economia. 2ª ed.. Coimbra : Minerva, 1999. [BP 330.1 AND]
BLANCHARD, Olivier ; AMIGHINI, Alessia ; GIAVAZZI, Francesco – Macroeconomics : a European perspective. Harlow : Prentice Hall, 2010. [BP 330.101.541 BLA]
LIPSEY, Richard G. ; CHRYSTAL, K. Alec - Economics. 12th ed.. Oxford : Oxford University Press, 2011. [BP 330.1 LIP]
MANKIW, N. Gregory - Principles of economics. 6th ed.. [South Melbourne] : South-Western Cengage Learning, 2012. [BP 330.1 MAN]
SAMUELSON, Paul A. ; NORDHAUS, William D. - Economia. 19th ed. Lisboa : McGraw-Hill de Portugal, 2009. [BP 330.1 SAM]