2023
Macroeconomics I
Name: Macroeconomics I
Code: ECN02353L
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
Develop in-depth study and consolidate the knowledge of macroeconomic analysis.
Study and interpret macroeconomic developments in the economy, particularly the open economy, in which students pursue their activity, especially on what relates to public policy.
Promote the use of appropriate approaches to the foundations of macroeconomic analysis, especially for the correction of problems.
Encourage the students to constant learning and application of knowledge to known problems and new circumstances.
Contribute to improving the skills of literature search, writing and speaking skills that enable the development of written and oral tests according to the appropriate rules and methods.
Promote the development of work habits and scientifically rigorous study.
Study and interpret macroeconomic developments in the economy, particularly the open economy, in which students pursue their activity, especially on what relates to public policy.
Promote the use of appropriate approaches to the foundations of macroeconomic analysis, especially for the correction of problems.
Encourage the students to constant learning and application of knowledge to known problems and new circumstances.
Contribute to improving the skills of literature search, writing and speaking skills that enable the development of written and oral tests according to the appropriate rules and methods.
Promote the development of work habits and scientifically rigorous study.
Contents
1- Economic short-term fluctuations: Review and Consolidation Theory of Income Determination
2- Open Economy: The Mundell-Fleming Model. The components of the balance of payment
3- Budget deficits and Government Budget: Government deficit and its financing; The instantaneous and intertemporal government budget constraint; Traditional versus Ricardian views of Government debt
4- Microeconomics Foundations:
a) Consumption - Forward-Looking Theory of Consumption, Life-Cycle and Permanent-Income Hypothesis, rational expectations-random walk Hypothesis
b) Investment - The optimal capital stock, Investment and the real interets; the accelerator principle, Investment and the tobin?s q
c) Demand for Money - the portfolio and Transactions theories of Money Demand; Financial innovations and the rise of Near Money
d) Supply of Money - the process of money creation; A model of the Money Supply; Three instruments of money control: Monetary policy in a Open Economy; Rules or Constrained Discretion?
2- Open Economy: The Mundell-Fleming Model. The components of the balance of payment
3- Budget deficits and Government Budget: Government deficit and its financing; The instantaneous and intertemporal government budget constraint; Traditional versus Ricardian views of Government debt
4- Microeconomics Foundations:
a) Consumption - Forward-Looking Theory of Consumption, Life-Cycle and Permanent-Income Hypothesis, rational expectations-random walk Hypothesis
b) Investment - The optimal capital stock, Investment and the real interets; the accelerator principle, Investment and the tobin?s q
c) Demand for Money - the portfolio and Transactions theories of Money Demand; Financial innovations and the rise of Near Money
d) Supply of Money - the process of money creation; A model of the Money Supply; Three instruments of money control: Monetary policy in a Open Economy; Rules or Constrained Discretion?
Teaching Methods
Is the preferred the active participation in the learning process, becoming progressively more complex the intuitive analysis of the syllabus, which will be done using the graphical analysis and the use of real case studies in order to facilitate the understanding and application of concepts.
The use of an e-learning platform (Moodle) is strategic because it is a means of rapid communication and is attractive to students and allows the constant dissemination and use of teaching materials.
The preferred method of evaluation is the "continuous assessment", using two frequencies or other form deemed most appropriate.
As the School Rules of Procedure stipulates, is still predicted the possibility of students opting for the final exam.
The use of an e-learning platform (Moodle) is strategic because it is a means of rapid communication and is attractive to students and allows the constant dissemination and use of teaching materials.
The preferred method of evaluation is the "continuous assessment", using two frequencies or other form deemed most appropriate.
As the School Rules of Procedure stipulates, is still predicted the possibility of students opting for the final exam.
Teaching Staff
- José Manuel Madeira Belbute [responsible]
- Miguel Rocha de Sousa
