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ISCTE-IUL  >  Education  >  LG

Macroeconomics (1 º Sem 2016/2017)

Code: L0236
Acronym: L0236
Level: 1st Cycle
Basic: No
Teaching Language(s): Portuguese, 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 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 2016/2017
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 with market imperfections.
Program 1. Introduction to Macroeconomics
2. Measuring Macroeconomic Aggregates
3. Aggregate Demand of Goods and Services and the IS Curve
4. The Exchange Market: Fundamentals
5. The Exchange Market: the BP Curve
6. The Monetary Market: the LM Curve with Exogenous Money Supply
7. The Central Bank, Money Creation, and the LM Curve with Endogenous Money Supply
8. Aggregate Demand of Goods and Services: Perfect Capital Mobility with Fixed and Flexible Exchange Rates
9. The Labour Market and Keynesian Aggregate Supply of Goods and Services
10. The Labour Market and Classical Aggregate Supply of Goods and Services
11.Macroeconomic Equilibrium, Inflation and Unemployment
Evaluation Method Performance evaluation is an on-going activity as the term progresses and includes the following elements:
o intermediate evaluation accounting for 50% of final grade which may come from either:
o a mid-term test  accounting for 50% of final grade
o a mid-term test  accounting for 45% of final grade and two online assignments accounting for 5% of final grade
o one final test accounting for 50% 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 - Mendes e Vale (2004) - Macroeconomia Contemporânea, manuscrito, disponíveis no site da disciplina
- Mendes et al. (2016) - Exercícios e Soluções, disponíveis no site da disciplina.
Complementar Bibliographic - Blanchard, O., A. Amighini, F. Giavazzi (2013), 2nd Ed., Macroeconomics A European Perspective, Pearson, Addison-Wesley, New York.
- Jones, Charles I. (2012), Macroeconomics, 2nd Edition, Norton, New York.
- Mankiw, N. Gregory (2016), Macroeconomics, 9th Edition, Worth Publishers, New York