Macroeconomics I

Presentation

The discipline of Macroeconomics I has as main objective the acquisition of a set of fundamental theoretical knowledge in the field of macroeconomics, highlighting the theoretical questions and short-term models, including the relation between the actual product and the potential product, showing the relation between unemployment and inflation and between the growth trend of the economy and its economic cycle.

Part of this Programme

Economics

Level of Qualification|Semesters|ECTS

| Semestral | 6

Year | Type of course unit | Language

1 |Mandatory |Português

Code

ULHT32-2924

Recommended complementary curricular units

macroeconomics II

Prerequisites and co-requisites

n/a

Professional Internship

Não

Syllabus

Program contents:
1. Introduction
2. Measure of Economic Activity
3. Consumption and Savings
4. Aggregate Demand, Yield and Equilibrium Product
4.1. The concept of equilibrium
4.2. The simple Keynesian model (structural and reduced forms):
        - Consumption and investment - Savings and investment - Multiplier
4.3. Introduction of state activity:
        - Multiplier of public consumption, taxes and transfers
        - The Budget - Haavelmo's Theorem
        - Multipliers of public consumption and taxes in relation to the budget surplus
        - Automatic stabilizers and full employment budget balance
5. The IS / LM Model. Budgetary Policy and Crowding Out
6. Expectations and the IS / LM Model
7. Aggregate Supply, Inflation and Unemployment
8. Money Supply
9. Open Economy with Fixed Prices
10. Open Economy with Flexible Prices

Objectives

Understand the main measures of economic performance; analyze economic texts; know the simplest economic models; understand the main economic policy measures.

Teaching methodologies and assessment

Theoretical-practical classes, with the load the total hourly load of 60 hours. In the classes are given clues of investigation on the several domains approached, being there accompaniment of the students on the part of the teacher of the discipline, in sessions of individual attendance or in group. Assessment continues: Test 1 - on points 1 to 3 of the program (30%); Test 2 - on points 4 to 6 of the program (30%); Test 3 - on points 7 to 10 of the program (35%); Participation in classes, practical exercises and participation in the distance learning platform moodle (5%). Examination (100%).

References

• Blanchard, Olivier (2011), Macroeconomia, 5th ed., Prentice Hall, São Paulo

  Mankiw, N. Gregory (2006), Macroeconomics, McGraw-Hill, New York

  Dornbusch, R., Fischer S. e Startz R. (2013), Macroeconomia, 11^th ed., MGraw-Hill, São Paulo

  Nabais, Carlos e Ferreira, Ricardo (2012), Macroeconomia - Lições e Exercícios, LIDEL, Lisboa

  Santos, Jorge Henriques et al. (2001), Macroeconomia ¿ Exercícios e Teoria, McGraw-Hill, Schaum´s outlines, Lisboa

Office Hours