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ISCTE-IUL  >  Education  >  LE , LG

International Macroeconomics (2 º Sem 2016/2017)

Code: 03167
Acronym: 03167
Level: 1st Cycle
Basic: No
Teaching Language(s): English
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.
1 6.0 0.0 h/sem 36.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 1.0 h/sem 37.0 h/sem 113.0 h/sem 0.0 h/sem 150.0 h/sem
Since year 2016/2017
Pre-requisites Knowledge of macroeconomics.
Objectives To supply the students the main theoretical body of the designated International Macroeconomics, with strong support in macroeconomic principles, for students to be able to understand the empirical events in open economies and the application of macroeconomic policies in an open economy context.
Program Part I - Exchange Rates and Open Economy Macroeconomics
1.Exchange Rates and the Foreign Exchange Market: An Asset Approach
2.Money, Interest Rates, and Exchange Rates
3.Price Levels and the Exchange Rate in the Long Run
4.Output and the Exchange Rate in the Short Run
5.Fixed Exchange Rates and Foreign Exchange Intervention
Part II - International Macroeconomic Policy
6.The International Monetary System, 1870-1973
7.Macroeconomic Policy and Coordination Under Floating Exchange Rates
8.Optimum Currency Areas and the European Experience
Evaluation Method The course continuous assessment is made with the help of:
-Take home exercises (group work) (40%)
-Final Exam (60%)

-To participate in the final exam it is necessary to have obtained at least 8 points in the exercises.
-The student must register an attendance of not less than 80% to be considered in continuous assessment.
-Final Evaluation - A final exam worth 100% of the grade.
Teaching Method Lectures have a theoretical nature, although with practical examples of the key world economies. We use slides with presentation of graphs and charts, trying to arouse interest and intervention of students as well as critical thinking and analytical skills
Previously to each lecture, lecture slides and bibliographic elements are provided for self-study
Additionally students (in groups) have to deliver practical exercises in order to better grasp the concepts taught and then apply the same
Observations It is expected that students participate actively in the course, namely during discussions in classes during the semester and in studying the syllabus to perform the exercises and the final examination.
Basic Bibliographic - Krugman, Paul R.; Obstfeld, Maurice, Melitz, M. (2011) - International Economics: Theory and Policy, 9th edition, New York, Addison-Wesley.
- Schmitt-Grohé, S.; Uribe, M. (2016), International Macroeconomics, April, Unpublished manuscript.

Complementar Bibliographic - Ao longo do semestre a equipa docente poderá também distribuir pelos alunos outros textos relacionados com pontos específicos do programa e que visam estimular a discussão em aula.
- During the semester the teaching staff will also distribute to students other documents related to specific points of the program, which aims to stimulate discussion in class.