Introduction to Macroeconomics

Academic year
Subject Area
Área Científica do Menor
Language of Instruction
Mode of Delivery
ECTS Credits
1st Cycle Studies

Recommended Prerequisites


Teaching Methods

Teaching methods:

- Presentation of fundamental contents

- Elementary exercises to practice the macroeconomic calculus

- Debates during classes on current macroeconomic issues

Learning Outcomes

Students should:

- acquire a broad overview of the short and long-run macroeconomic approach.

- get to know the main macroeconomic diagnosis indicators and intervention instruments.

- be capable of performing some elementary calculations, useful to macroeconomic analysis.

- possess a minimum knowledge of the Portuguese and worldwide current macroeconomic problems

Work Placement(s)



1. Introduction: the concept of macroeconomics; GDP and national accounts; three approaches to measuring production; time and spatial comparisons; the meaning of productivity.

2. Macroeconomics in the short and long-run; potential and actual output; the major problems in macroeconomics: growth, redistribution; unemployment; inflation; different attitudes towards macroeconomic problems: activism / non-activism; short introduction to growth theory.

3. Short-run macroeconomics (in a closed economy); the goods and services market, the money market and the IS/LM model; monetary and fiscal policies; the budget deficit problem

4. The open-economy macroeconomics; basic concepts: balance of payments, exchange rate and exchange market, international investment position; exchange rates regimes; capital flows and macroeconomic policy; short introduction to the international trade theory; macroeconomics in the euro area (brief approach)

Assessment Methods

Continuous Assessment
Avaliação contínua assente na participação nas aulas e em debates sobre problemas macroeconómicos específicos, e na produção de pequenos textos relativos a esses debates : 45.0%
- Compulsory final exam - Continuing assessment based on participation in practical classes and debates on specific macroeconomic problems, and on the production of short texts related to such debates : 55.0%


MANKIW, N. Gregory – Macroeconomics. 8th ed.. New York : Worth Publishers, 2013. [Ed. de 2003: BP 330.101.541 MAN; Ed. portuguesa de 2010]

MANKIW, N. Gregory - Principles of economics. 6th ed. [South Melbourne] : South-Western Cengage Learning, 2012.[BP 330. 1 MAN; Ed. portuguesa de 2012]

RAMOS, Pedro Nogueira - Contas nacionais : um breve texto introdutório. Coimbra : FEUC, 2007. [BP 330.5 RAM]

RAMOS, Pedro Nogueira - Macroeconomia internacional. Coimbra : FEUC, 2007. [BP 339.9 RAM]

RAMOS, Pedro Nogueira - Sumário-guião das aulas teóricas de macroeconomia : 1999/2000. Coimbra : FEUC, 1999. [BP 330.101.541 RAM]