ISCTE-IUL > Education > LE

Macroeconomics I (1 º Sem 2018/2019)

Code:	L0271
Acronym:	L0271
Level:	1st 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	6.0	36.0 h/sem	0.0 h/sem	18.0 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	2018/2019
Pre-requisites	Introduction to Economics
Objectives	Understanding the functioning of a market economy (markets and policy institutions) from a macroeconomic perspective. Special emphasis is given to short-run fluctuations in an open economy context and with market imperfections.
Program	1. Introduction to Macroeconomics 2. Measuring the Macroeconomy 3. An Overview of Long-Run Economic Growth 4. The Labor Market, Wages, and Unemployment 5. Inflation 6. An Overview of the Short-Run Model 7. The Great Recession: A First Look 8. The IS Curve 9. Monetary Policy and the Phillips Curve 10. Stabilization Policy and the AS/AD Framework 11. The Great Recession and the Short-Run Model 12. Exchange Rates and International Finance. 13. Parting Thoughts
Evaluation Method	Performance evaluation is an ongoing activity as the term progresses and includes the following elements: - One mid-term test (weighting 50% of the final grade) - One final test (weighting 50% of final grade). In order to get a positive grade in the course, the mark of the final test cannot be below 8/20.
Teaching Method	Each student should acquire analytical, information gathering, written and oral communication skills. The following learning methodologies (LM) will be used: 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 quizzs 4. Self-study, related with autonomous work by the student, as is contemplated in the Class Planning.
Observations	Students are expected to participate actively throughout the semester. This means studying before classes, solving the problem sets, and complying with the course evaluation. On the e-learning webpage all the e lecture notes and assignments for the CU can be downloaded. This website is permanently actualized and is also kept a news webpage that allows students to know all the relevant information concerning the CU.
Basic Bibliographic	- Charles I. Jones (2013). Macroeconomics, Third Edition, W. W. Norton & Company, New York.
Complementar Bibliographic	- Stephen Williamson, Macroeconomics, Fifth Edition, Person, Boston. - Mankiw, N. Gregory (2012), Macroeconomics, 8th Edition, Worth Publishers, New York.