Principles of Macroeconomics

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.

- Analyse the current macroeconomic events and developments useful in learning and understanding the course topics.

Learning Outcomes

Use of principles of macroeconomic analysis to equip students with a better understanding of fundamental macroeconomic problems, so that they are able to analyse problems faced by individuals and societies, from a macroeconomic perspective, correctly applying basic concepts and macroeconomic reasoning to analyse the reality that surrounds them and current events.They should acquire macroeconomic knowledge at a sufficient introductory level to understand how the aggregate economy works and how public policies influence its performance.

It starts by examining the economy in the long run (assuming flexible prices); then it looks at the economy in the short run (assuming sticky prices). Without resorting to too much modelling detail, allowing all students an intuitive introductory understanding of macroeconomics, it is intended to prepare students to successfully undertake Macroeconomics, with greater formalisation.

Work Placement(s)

No

Syllabus

1- What is macroeconomics. Macroeconomics principles.

2- Measuring a nation’s income and cost of living.

3- The economy in the long run: economic growth

4- The economy in the long run: unemployment

5- The economy in the long run: financial institutions and money

6- The economy in the long run: money and inflation

7- The economy in the short run: introduction to economic fluctuations - AS/AD model

8- The economy in the short run: real market and IS curve

9- The economy in the short run: money market and LM curve

10- The economy in the short run: IS/LM model and stabilization policies

Head Lecturer(s)

Marta Cristina Nunes Simões

Assessment Methods

Assessment
Periodic or by final exam as given in the course information: 100.0%

Bibliography

 

Bernanke, B., Olekalns, N. Antonovics, R.. Heffetz, O. (2019). Principles of Macroeconomics, 5th Ed., McGraw-Hill

Lipsey, R. & Chrystal, K. A. (2020). Economics. 14th Ed. Oxford University Press.

Mankiw, N. G. (2022). Macroeconomics. 11th Ed. McMillan Learning.

Mankiw, N. G. (2020). Principles of Economics. 9th Ed. Cengage learning.

Sequeira, T.,  Neves, P., Santos, M., (2018). Macroeconomia, Exercícios. Edições Sílabo