2025
Macroeconomics
Name: Macroeconomics
Code: ECN11906M
6 ECTS
Duration: 15 weeks/156 hours
Scientific Area:
Economy
Teaching languages: Portuguese
Languages of tutoring support: Portuguese, English
Regime de Frequência: Presencial
Sustainable Development Goals
Learning Goals
General goals:
To improve the skills in, and knowledge of, modern macroeconomics , with especial emphasis on its applications and policy implications. The course makes extensive use of intermediate-level mathematics, as well as time series.
General skills: Autonomy, responsibility, adaption, initiative, Independent reasoning, decision, and innovation,
Professional skills: team-working, oral and written communication, ability to communicate research results and ideas to specialists and non specialists.
Specific skills: Capacity of abstraction, model building, intuition, research ethics
To improve the skills in, and knowledge of, modern macroeconomics , with especial emphasis on its applications and policy implications. The course makes extensive use of intermediate-level mathematics, as well as time series.
General skills: Autonomy, responsibility, adaption, initiative, Independent reasoning, decision, and innovation,
Professional skills: team-working, oral and written communication, ability to communicate research results and ideas to specialists and non specialists.
Specific skills: Capacity of abstraction, model building, intuition, research ethics
Contents
1 -Demand management policies in a open-economy framework.
2 Government deficit and public debt stabilization. the Ricardian equivalence debate.
3 - The labor market, the Phillips curve debate and the dynamic aggregate supply
4 - The complete model
5 - The business cycles: the new Keynesian economics and the Theory of Real Business Cycles.
6 - The long run: from neoclassical growth models to the endogenous growth.
7 - New frontiers for macroeconomics
2 Government deficit and public debt stabilization. the Ricardian equivalence debate.
3 - The labor market, the Phillips curve debate and the dynamic aggregate supply
4 - The complete model
5 - The business cycles: the new Keynesian economics and the Theory of Real Business Cycles.
6 - The long run: from neoclassical growth models to the endogenous growth.
7 - New frontiers for macroeconomics
Teaching Methods
Lectures are organized around specific topics inside each chapter and complemented by an active learning strategy. Students will be asked to present short papers in class. The use of the e-learning moodle platform will be extensively used The typical lecture will make use of different learning methods. First, a paper or group of papers will be presented in sequence and detailed. The central model will be dissected and discussed with the students. Secondly, we will present other models and approaches to the same issue, highlighting how they are related and how other assumptions and modeling choices may lead to alternative results. Finally Thirdly, we will provide an overview of the literature and the role of each of the models in the development of the literature and the definition of the research frontier.
Assessment
The evaluation process is made up of different parts: (1) short homewrok assignments/exercises (20%); (2) Analysis and possible extension of an article (40%); (3) one final written presential exam without consultation (40%) with minimum requirement of 7 values/out of 20. Alternatively students will be allowed to make a single final presential exam (100%).
Continuous assessment is prioritized as a method of developing analytical and critical hermeneutic skills in economic analysis, progressively throughout the semester.
The in-person attendance/exam is intended to validate "natural intelligence" and creativity, and the entire assessment process is intended to support the ethical co-development of research as responsible citizens and researchers.
Continuous assessment is prioritized as a method of developing analytical and critical hermeneutic skills in economic analysis, progressively throughout the semester.
The in-person attendance/exam is intended to validate "natural intelligence" and creativity, and the entire assessment process is intended to support the ethical co-development of research as responsible citizens and researchers.
Teaching Staff
- Miguel Rocha de Sousa [responsible]
Certificações
