ISCTE-IUL > Education > LG

Macroeconomics (1 º Sem 2019/2020)

Code:	L0236
Acronym:	L0236
Level:	1st Cycle
Basic:	No
Teaching Language(s):	English, 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	18.0 h/sem	0.0 h/sem	36.0 h/sem	0.0 h/sem	0.0 h/sem	0.0 h/sem	1.0 h/sem	55.0 h/sem	95.0 h/sem	0.0 h/sem	150.0 h/sem


Since year	2019/2020
Pre-requisites	Microeconomics.
Objectives	The main goal of Macroeconomics is that students understand the functioning of a market economy (markets and policy institutions) from a macroeconomic perspective. The emphasis is on short-run fluctuations of an open economy.
Program	1. Introduction to Macroeconomics 2. Measuring Macroeconomic Aggregates 3. The production function, productivity and employment 4. Saving and investment in closed and open economies 5. Goods market equilibrium and the IS function 6. The money market and the MP curve 7. Money supply 8. Aggregate supply and the Phillips curve 9. Aggregate demand and aggregate supply 10. Macroeconomic policy and the AD-AS model 11. The AD-AS model and the zero lower bound 12.Exchange rates and international economic policy
Evaluation Method	Performance evaluation is an on-going activity as the term progresses and includes the following elements: o a mid-term test accounting for 40% of final grade o two online assignments accounting for 5% of final grade o one final test accounting for 55% of final grade Each test mark cannot be below 8/20.
Teaching Method	During the term each student should acquire analytical, information gathering, written and oral communication skills. The following learning methodologies (LM) will be put in practice: 1. Expositional, to the presentation of the theoretical reference frames 2. Participative, with analysis and resolution of application exercises 3. Active, with the realization of individual quizzes and homework assignments Self-study, related with autonomous work by the student.
Observations	Students are expected to participate actively throughout the semester. This means reading class materials, solving problem sets, and complying with the course evaluation. The e-learning webpage contains the lecture notes and assignments for this course. The webpage is permanently updated with news from the course allowing students to keep track with the course main activities.
Basic Bibliographic	Mishkin, (2014), Macroeconomics, 2nd Edition, Pearson, Addison-Wesley, New York.
Complementar Bibliographic	- Abel, A., Bernanke, B., and D. Croushore (2014), 8th Ed., Macroeconomics, Prentice Hall - Jones, Charles I. (2012), Macroeconomics, 2nd Edition, Norton, New York. - Mankiw, N. Gregory (2016), Macroeconomics, 9th Edition, Worth Publishers, New York