ISCTE-IUL > Education > ERIF

Macroeconomics and Systemic Risk (1 º Sem 2019/2020)

Code:	03485
Acronym:	03485
Level:	2nd Cycle
Basic:	Yes
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	6.0	0.0 h/sem	24.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	25.0 h/sem	125.0 h/sem	1.0 h/sem	150.0 h/sem


Since year	2019/2020
Pre-requisites
Objectives	To understand the macroeconomic context in which financial crises and credit crunches take place, and to identify regulation and policy measures that can help to prevent and control them. Espera-se que os estudantes participem ativamente durante o semestre. Isto implica estudar as matérias, participar nas aulas e submeter-se ao regime de avaliação da disciplina. A página da plataforma Fénix é usada como repositório de todo o material referente à UC. A página é frequentemente atualizada, bem como o espaço para notícias que permite que os alunos conheçam a informação relevante respeitante à UC.
Program	1. International financial system 2. Frictions in financial markets 3. Financial crises 4. Macroeconomics and financial regulation 5. Bank runs 6. Economic policy and financial crises
Evaluation Method	The evaluation of the student performance includes the following elements: ? intermediate evaluation through a group assignment accounting for 40% of the final grade ? one final test accounting for 60% of final grade Each grade must be greater than 8/20.
Teaching Method	During the term, each student should acquire analytical, information gathering, written and oral communication skills. To contribute to the acquisition of these skills the following learning methodologies (LM) will be put in practice: 1. Expositional, to the presentation of the theoretical reference frames 2. Active, with the realization of an individual test and a group assignment 3. Self-study, related with autonomous work by the student.
Observations	Students should to participate actively throughout the semester. This implies reading class materials, participating in class, and complying with the course evaluation. The Fenix webpage contains the lecture notes and assignments for this course. News from the course allowing students to keep track with the course main activities will be updated through the webpage.
Basic Bibliographic	Allen, F., & Gale, D. (2009). Understanding financial crises. Oxford University Press. Matthews, K., & Thompson, J. L. (2014). 3rd Ed., The economics of banking. J. Wiley. Mishkin, F. S. (2016). 11th Ed., The economics of money, banking, and financial markets. Pearson education.
Complementar Bibliographic	Admati, A., & Hellwig, M. (2014). The Bankers' New Clothes: What's Wrong with Banking and What to Do about It-Updated Edition. Princeton University Press. Bernanke, B. (2013). The Federal Reserve and the financial crisis. Princeton University Press. Malz, A. M. (2011). Financial risk management: models, history, and institutions (Vol. 538). John Wiley & Sons. Reinhart, C. M., & Rogoff, K. S. (2009). This time is different: Eight centuries of financial folly. princeton university press. Saunders, A. (2014). Financial markets and institutions. McGraw-Hill Higher Education. Saunders, A., & Thomas, H. A. L. (2018). 9th Ed., Financial institutions management. Boston: Irwin. Vives, X. (2010). Competition and stability in banking: The Role of Regulation and Competition Policy, Princeton University Press.