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Introduction to Monetary and Financial Economics (1 º Sem 2018/2019)

Code:	03146
Acronym:	03146
Level:	2nd Cycle
Basic:	No
Teaching Language(s):	Portuguese
Friendly languages:

Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.

Semester	ECTS Credits	Theoretical Lesson (T)	Theoretical and Pratical Lesson (TP)	Practical and laboratorial lesson (PL)	Seminary (S)	Field Work (TC)	Training Period (E)	Tutorial Orientation (OT)	Contact Hours	Autonomous Work	Others (O)	Total Load Hours [?]Contact Hours + Autonomous Work
1	0	0.0 h/sem	10.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	1.0 h/sem	11.0 h/sem	0.0 h/sem	0.0 h/sem	11.0 h/sem


Since year	2018/2019
Pre-requisites	-
Objectives	This module aims that students acquire the fundamental concepts of monetary and financial economics necessary for the modules that follow in the curriculum of the Master in Monetary and Financial Economics (MMFE)
Program	1. Banks and financial markets a. Balance sheet of a bank, of the banking system and of the central bank. b. Money and its counterparts c. Bonds and yields d. Price of bonds and shares e. Efficiency of financial markets f. CAPM g. Investment funds and other institutional investors 2. Interest rates and the monetary market a, The Interbank Money Market and its interest rates. b. The interest rates of deposits and Treasury Bills 3. Macroeconomics in the short run a. IS/LM and AS/AD models b. Phillips Curve c. Current account 4. Uncertainty, prices of assets and fundamental concepts a. Expected value b. The use of the logarithm in economics c. The use of the concept of limit in economics d. Differential calculus in economics and profit maximization 5. Main market structures a. Perfect competition b. Monopoly c. Monopolistic competition and oligopoly
Evaluation Method	No formal assessment.
Teaching Method	The module uses the following teaching methods: 1. Lectures to present the theoretical frameworks. 2. Tutorials and seminars, with analysis and resolution of exercises 3 Self-study related to the student's independent work, as set out in the planning of classes.
Observations	-
Basic Bibliographic	Dornbusch, R., Fischer, S., Startz, R. (2013), Macroeconomics, 12th Edition, McGraw-Hill Education. Leão, E., Leão, P., Lagoa, S. (2011), Política Monetária e Mercados Financeiros, 2ª Edição, Edições Sílabo. Bodie, Z., Kane, A., Marcus, A. (2010), Investments, 9th Edition, Mc-GrawHill/Irwin Varian, H. R. (2009), Intermediate Microeconomics: A Modern Approach, W. W. Norton & Company, Eighth Edition.
Complementar Bibliographic	Chiang, A., Wainwright , K. (2004), Fundamental Methods of Mathematical Economics, 4ª edição, McGraw-Hill Education Mata, José (2012), Economia da Empresa, Fundação Calouste Gulbenkian. Leão, Pedro (2011), Economia dos Mercados e da Empresa, Escolar Editora.